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webguy4 February 27th, 2017 09:14 AM

Making money
 
I just sorted and wrapped up four dollars in pre 1982 pennies. When the government stops issuing pennies I expect to at least double my money.

webguy4 February 27th, 2017 08:49 PM

I have more pennies than that already rolled up.

I also have a roll of Canadian pennies. Canadian pennies are nowadays more likely to be found in circulation in the US than in Canada. They are worth more everyday as the Canadians continue their recycling program, melting down millions of them every year.

hot dragon February 27th, 2017 08:54 PM

in australia the smallest coin we have is 5 cents. apparently it costs 7 cents to make each one.

Twisted Sister February 27th, 2017 09:29 PM

Quote:

Originally Posted by webguy4 (Post 1046616)
I just sorted and wrapped up four dollars in pre 1982 pennies. When the government stops issuing pennies I expect to at least double my money.

I am pleased to meet a fellow coin collector. Your pennies are worth one cent each and always will be unless there is a rare date or a mint error. I have a bag full of old copper cents and I called the metal recycling place wanting to sell them for the copper value. Against Federal Law was what he told me.

My best penny is a 1914-D MS66 Red.

webguy4 February 27th, 2017 09:47 PM

Quote:

Originally Posted by Twisted Sister (Post 1046861)
I am pleased to meet a fellow coin collector. Your pennies are worth one cent each and always will be unless there is a rare date or a mint error. I have a bag full of old copper cents and I called the metal recycling place wanting to sell them for the copper value. Against Federal Law was what he told me.

My best penny is a 1914-D MS66 Red.

It is illeagal at present to melt down a penny, but some time after they are withdrawn from circulation it is reasonable to expect that restriction to be lifted. Single Canadian pennies are now listed at a dollar each on eBay. US pennies I think will follow a similar path.

Twisted Sister February 27th, 2017 09:51 PM

Quote:

Originally Posted by webguy4 (Post 1046870)
It is illeagal at present to melt down a penny, but some time after they are withdrawn from circulation it is reasonable to expect that restriction to be lifted. Single Canadian pennies are now listed at a dollar each on eBay. US pennies I think will follow a similar path.

It is not illegal to melt silver coins but it is illegal to melt copper coins. When Bunker Hunt tried to corner the silver market there was a huge price rise in silver and many silver dollars were melted.

My best silver dollar is a 1925-S MS65.

Sabcat February 27th, 2017 09:58 PM

Gold coin or candy bar


https://youtu.be/bYhTFz_SGw0

webguy4 February 27th, 2017 10:01 PM

I have a 1916 Canadian penny. It's no great rarity, but it's interesting because it's larger than an American quarter.

I have one worn 1907 Indian head penny

webguy4 February 27th, 2017 10:06 PM

I have two uncirculated silver dollars of recent vintage, and one morgan 1921.

webguy4 February 27th, 2017 10:17 PM

My Morgan I think is my favorite coin. It's circulated and worn so I don't have to refrain from handling it. The size and weight of it just feel good.

I have maybe 200 dollars in junk silver, a mix of US and Canadian.


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