Making money

Nov 2012
17,282
5,685
Michigan
#1
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.
 
Likes: 3 people
Nov 2012
17,282
5,685
Michigan
#2
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.
 
Sep 2015
14,302
5,086
Brown Township, Ohio
#4
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.
 
Likes: 2 people
Nov 2012
17,282
5,685
Michigan
#5
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It is illeagal at present to melt down a penny, but some time after they are withdrawn from circulation it is reasonable to expect that restriction to be lifted.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.
 
Likes: 1 person
Sep 2015
14,302
5,086
Brown Township, Ohio
#6
It is illeagal at present to melt down a penny, but some time after they are withdrawn from circulation it is reasonable to expect that restriction to be lifted.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.
 
Nov 2012
17,282
5,685
Michigan
#8
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
 
Likes: 1 person
Nov 2012
17,282
5,685
Michigan
#10
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.
 

Similar Discussions