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re: Penny hoarding

Posted on 5/10/26 at 6:23 pm to
Posted by Boudreauboudreaugoly
Land of the Rice n Son
Member since Oct 2017
3017 posts
Posted on 5/10/26 at 6:23 pm to
They make wonderful washers. Especially on uneven surfaces due to their ductility. Also last FOREVER!
Posted by Volvagia
Fort Worth
Member since Mar 2006
53504 posts
Posted on 5/10/26 at 6:26 pm to
If ever. Like they say on pawn stars: just because it’s old doesn’t automatically make it rare and valuable
Posted by jeffsdad
Member since Mar 2007
24979 posts
Posted on 5/10/26 at 7:03 pm to
Thought the same. Purchased enough to last my lifetime. (light bulbs)
Posted by dkreller
Laffy
Member since Jan 2009
34111 posts
Posted on 5/10/26 at 7:09 pm to
quote:

Easy and I’ll name 4. Every .10, .25, .50, $1 pre 1964. 90% silver. Some all the way to 1967.

Everyone does not have hundreds of these in their homes
Posted by Hangit
The Green Swamp
Member since Aug 2014
46992 posts
Posted on 5/10/26 at 7:28 pm to
quote:

Purchased enough to last my lifetime. (light bulbs)


I was similar JD.

I have one specialty bulb that I have 17 of in my house. When we built it in 2001, I bought a case of 24. I have changed 3 in 25 years.
Posted by StansberryRules
Member since Aug 2024
5289 posts
Posted on 5/10/26 at 8:46 pm to
Over 300 billion pennies were minted.

They will not be rare in our lifetime and probably not for several lifetimes.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122264 posts
Posted on 5/10/26 at 8:53 pm to
Its either 1985 0r 82. but in the middle of that year they stopped making pennies out of copper. Look it up to make sure, but all pennies before that year will be copper and if you have a reasonable amount you can take it to a scrap metal place or somewhere.. And the copper on one penny is actually worth more than 1 cent.
Posted by cssamerican
Member since Mar 2011
8220 posts
Posted on 5/10/26 at 10:01 pm to
quote:

Its either 1985 0r 82. but in the middle of that year they stopped making pennies out of copper. Look it up to make sure, but all pennies before that year will be copper and if you have a reasonable amount you can take it to a scrap metal place or somewhere.. And the copper on one penny is actually worth more than 1 cent.

The transition year was 1982; however, since 2006, it has been illegal to melt down U.S. pennies or nickels for their metal content or to export them in large quantities for that purpose. Violating this can lead to massive fines or even prison time. Uncle Sam is one step ahead of all you scrappers.
Posted by Btrtigerfan
Disgruntled employee
Member since Dec 2007
24053 posts
Posted on 5/10/26 at 10:09 pm to
quote:

no business around has any pennies…Rounding.


Newsflash. Most of the human herd is stupid.

If you round down on them all to the lesser five cents, mo one would notice. If they do, give them all three of them a dime.

:officespaceannistongif:
Posted by HarrisonTown
Member since Nov 2019
634 posts
Posted on 5/10/26 at 10:21 pm to
frick pennies
Posted by lsufan9193969700
Madisonville
Member since Sep 2003
55916 posts
Posted on 5/10/26 at 11:58 pm to
quote:

Seems strange no business around has any pennies…


It's not that odd.....because.....

quote:

I got 4 Kentwood water jugs full of them in the garage… my mother has two tubs of pennies in her storage room been there since I was in school 20 years ago…



.....you and your mom have them all! Thanks, baw!

Posted by Turnblad85
Member since Sep 2022
5627 posts
Posted on 5/11/26 at 3:29 am to
quote:

Copper unless 1943. Those were steel to save copper



They are worth a good bit. 1000% to 50,000% above face value on average.
Posted by cssamerican
Member since Mar 2011
8220 posts
Posted on 5/11/26 at 6:11 am to
quote:

They are worth a good bit. 1000% to 50,000% above face value on average.

So, 10 cents to 5 dollars? It sounds a lot less impressive that way doesn’t it?
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
75070 posts
Posted on 5/11/26 at 6:50 am to
quote:

Just so you know, my 6 yr old nephew is devastated the penny is no longer being produced (no idea why) and has made it his personal mission to become president one day and reinstate the penny - so don’t get too comfortable collecting it.
There’s a parallel in US History. A kid born in 1851 could have (“of”, for our Livingston Parish audience) felt the same way about the Half Cent that also went the way of the dodo.



The US Mint (and Congress, pulling the strings) put out some weird denominations.

Think you’ll ever need a coin worth four dollars? We made them. Called a “Stella”.



How about a three cent piece? We made them in both silver and in nickel.



We made a silver Trade Dollar that was worth one dollar in legal tender but had ~2% more silver in it than a normal US silver dollar. That’s going to work out well.

Posted by Bamafig
Member since Nov 2018
6542 posts
Posted on 5/11/26 at 9:25 am to
Are people actually hoarding pennies or just not wanting to deal with them? I think it’s more the latter.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
75070 posts
Posted on 5/11/26 at 9:34 am to
People are hoarding them.

The pre-1982 Pennies are worth > $0.02 each in copper value, the final modern penny composition of zinc planchets with a thin copper coating won’t ever be worth nearly a comparative value of the 90% copper cents.

Copper >>> Zinc
This post was edited on 5/11/26 at 9:36 am
Posted by TygerLyfe
Member since May 2023
4066 posts
Posted on 5/11/26 at 9:37 am to
quote:

Copper unless 1943. Those were steel to save copper for WW2 ammunition.


Which, perversely, makes the non-copper penny the collectible one.
Posted by Auburn1968
NYC
Member since Mar 2019
26679 posts
Posted on 5/11/26 at 1:11 pm to
The melt value of a penny today is a hair over 4 cents.

Hold on to them after checking for rare coins.
Posted by chinhoyang
Member since Jun 2011
26113 posts
Posted on 5/11/26 at 1:25 pm to
Mostly copper pennies (pre-1982) have around 2.7 cents worth of copper at current prices.

It is illegal to melt copper pennies in bulk.
Posted by TheRouxGuru
Member since Nov 2019
14344 posts
Posted on 5/11/26 at 1:27 pm to
quote:

350 yrs

AHAHAHAHAHA YOU SAID 350
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