Saving pre-1982 Copper Pennies (tips & tricks for investing or staving an economic collapse)

Hi... today I would like to talk about the value of pennies. More importantly copper pennies. You can read the relative blog post here: http://surviveourcollapse.com/saving-pre-1982-copper-pennies-investing-or-staving-an-economic-tumble/

Comments

1. I think one box is enough for now..
2. by the way ,are you just not advertising the machine?lol
3. copper as a currency isnt realistic. its too heavy and bulky to use as a currency..a copper penny is almost back down to 1 penny. its much better to just save some cash and buy junk silver
4. David, btw you have nice thick eyebrows and big eyes.  I originally went to this video because I thought you had a "B" on your baseball hat. Then I saw the "D".  So I'm guessing Detroit ?
5. Cool.  First thing, take care of that baby "coughing".  I bought 2 boxes of pennies from the bank 2 years ago. I haven't gotten thru all them yet.  I do have arthritis or something.  I sort them in bowls:  wheats, 1959, 60s, 70s, 1980, 1981 and copper (CU) 1982s.  I weigh the 1982s on a digital scale to determine the copper ones.  Because I'm doing this by hand, I have found some beautiful condition coins in Almost Uncirculated (AU) and Brilliant Uncirculated (BU) that are put to the side for safe keeping.  I found a 1944 Wheat Penny that's in great condition.  It's better than the one I have in my coin book !  I have a feeling that those coins may have been ones that were robbed from someone's house and the thieves didn't know their value and just spent them. I re-use those plastic rolls and push 50 pennies into those rolls by year (for example all 1970s go into a roll).  I then mark I mark the roll with a Sharpie 1970s CU.  I bought a box of nickels ($100) from the bank.  The teller was perplexed.  She asked me that she's NEVER had anyone come in and buy a box of nickels.  She asked me what I was going to do with them. I think I told her something funny like I run a slot parlor with all nickel machines. My intention was to look for the "silver" nickels.  I have yet to open the box.  It makes a handy "door stop" to keep my door open while bringing in groceries.  My bank offers a coin counting machine for customers for FREE.  The bank next store, TD Bank also offered one called "Penny Arcade"-free for customers. Someone told me that might be gone now ?
6. "Zincolns"
7. so interesting and motivational...thanks! I want to begin doing this, tho it will necessarily be on a much smaller scale...maybe just $25 per month from the bank
8. There were 7 different regular-issue cents resulting from all the variations in 1982:
   1982 Copper Large Date1982 Copper Small Date1982-D Copper Large Date1982 Zinc Large Date1982 Zinc Small Date1982-D Zinc Large Date1982-D Zinc Small Date
9. I am assuming you did not save your 1982+ pennies to buy that fancy coin sorting machine, eh?
10. Great copper video, I really enjoyed it! I'm probably going to do a short copper unboxing video within the next week or so when my ebay order of copper rounds get delivered :)
11. holy crap, I'm going through my coins and at least 20 percent of my pennies are 1982.
12. Stellar video!
13. Collecting copper coins, Nichols and pennies Hoarding is a long-term investment.
    
    1959 to 1982 are made of 95% copper Lincoln Memorial pennies are worth setting aside,  they are made of 95% copper and have about 2.5 cents worth of copper in them, as the value of the copper bullion in the cents is around 3 times  face value.  Not all 1982 Lincoln cent, are 95% copper  they made 2 different pennies that year - a copper and a zinc. The copper weighs 3.11g and the zinc weighs 2.5g
    In 1983 the American public started hoarding the 1982 or older Copper Penny  coins because the Copper value far exceeded the face value.  There are no rare dates in the regular series of Lincoln Memorial pennies, a few dates are noteworthy for being slightly scarcer. There were several which ended up with errors that eventually turned them into valuable and sought-after collectibles But error coins can be still found.
    
    Make no mistake about it, Lincoln Memorial cents thanks to errors, checking your change is a treasure hunt, there is potentially valuable coins just waiting to be found.
    
    1983 the American public started hoarding the 1982 or older Copper Penny coins because the Copper value far exceeded the face value. Just like people that were stacking silver in the 1960s and 1970s when silver was still readily available from banks at face value. Nickels and Copper Penny could be the Silver of the future. In 10 years a nickel could be worth at least $2. Making $100 boxes of Nickels investment today could be worth $4000 in 2023. They will always be worth more as coins then melt.
    
    If you was to invest $2500 in nickels, that would be over 550 pounds (249 Kilos) but only like 2 ounces of gold
    
    
    the cost to pull silver out of the ground and clean it up and ready to sale is around $9.00 so it couldn't really get any lower than maybe $15 for it to be even worth caring to mine at the bare minimal
    
    Canada, Australia and New Zealand have already done away with the penny and there no longer in circulation. Just as soon as they were pulled from circulation their collector value immediately went up. For the Canadian penny for example the only way that you can get them now, is through other collectors or through purchasing them through dealers. There is already talks in Canada under way to eliminate the nickel. It is very possible in the very near future, the United States will also eliminate the penny from circulation as well. Adding to their desirability as a collectible, along with their metal value.
    
    
    Silver price for October 24, 2014: Silver $17.23/oz  Dime from 1964 or earlier is value today at $1.24
    
    Total Face Value:    $25.00
    Coin Type:    1909-1982 Lincoln Copper Cent
    Copper Price:   $3.0634 / pound
    Zinc Price:       $1.0169 / pound
    
    Total Face Value: $.01 Total melt value is $0.02. This means that today's value all pennies that you get direct from the bank at face value you have instantly doubled the value of your investment.
    
    If you was to invest $1,000 face value coin bag of dimes in the early 1960s would equate to 10,000 individual silver dimes each worth $1.24 based on today’s silver price.  At today's silver price in this down market would still be worth 12,400 (January 7th, 2012, that silver dime was worth $2.07 in silver metal. $2.07 total silver metal value of $20,700)
    
    If you was to invest $1,000 face value pennies would equate to 100,000 it is not unreasonable to believe that the metal value of copper pennies to reach in the future $2.00 a coin.
    
    There are 651.3558 pounds of copper and 34.2819 pounds of zinc in $1000.00 face value of copper cent(s).
    There are 165.3467 pounds of copper and 55.1156 pounds of nickel in $1000.00 face value of nickel(s).
    
    Pennies: There are 0.0065 pounds of copper and 0.0003 pounds of zinc pennies  in $.01 face value
    Nickels:    There are 0.0083 pounds of copper and 0.0028 pounds of nickel in $.05 face value of nickel(s).
    
    Pennies: in $.05 face value 0.0325
    Nickels:  in $.05 face value There are 0.0083 pounds of copper
    
    Based on buying power from the bank, dollar for dollar pennies,  will retain a higher value than Nichols. Plus copper pennies are twice there value at point of purchase, whereas Nichols remain equal value.
    
    There is no downside to this investment from day one you've doubled your money you can always take them back to the bank for their original face value. There will be also coins that will have a numismatic value and just within the Lincoln had pennies there are some coins that are worth multiple thousand dollars that are periodically found in bankrolls. They can be sold immediately on eBay.
14. Please be realistic when economic collapse will happen silver will come to $8 dollar and ounce and copper at more than 1/3 the price and same with other metals
15. 3:10 go save your kid, he's choking
16. What would happen to wheat pennies? Would it be treated as a copper penny?
17. wow this was one of the most interesting video's i ever seen on YouTube...i never knew penny's could be so interesting...do you got a tutorial on how to melt them down as well? lol..
18. I prefer hoarding nickels since there is no sorting involved and as a bonus, the 1942-1945 nickels are 35% silver.
19. I spend my sorted pennys in the self check out lane to put them back into circulation.
20. After spending hours sorting through $25 penny boxes, I did some calculations and found I was making under minimum wage. I decided to buy all my copper pennies pre sorted and work a little over time to make it up. Time value. I have a large amount of copper penny bags now that still contain wheat pennies. I'm trying to decide if it's worth going through the copper bags to pick out the wheat pennies or not.