Copper Penny

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• Copper Penny Value
• Copper Penny Book

You can make money off of pennies. Specifically copper pennies. This is because the copper penny (made of 95% copper and 5% zinc) is worth

Here’s the rule of thumb: Pennies dated before 1982 were made of copper (technically, 95% copper and 5% zinc). Pennies dated after 1982 were made of zinc (technically, 97.5% zinc and 2.5% copper). But 1982 pennies are unique — because both copper and zinc pennies were made that year! Copper Pennies are also perfect for potlucks and picnics, make a wonderful topping for salads, and are so easy to make! Even if you’re not typically a fan of cooked carrots, this recipe is a must try. The Copper Penny - Wilmington Restaurant and Bar. Welcome to the Copper Penny. Located in historic downtown Wilmington, the Copper Penny offers an eclectic mix of appetizers, salads, and sandwiches along with an extensive selection of mixed drinks and beers. Sealed Wheat Penny Roll! Wheat Cent Lot 1909-1958 50 Vintage Coins PDS Steel USA.

over 2x in its metal value than its face value.

Many people don’t think about the penny, but the truth is, pennies have distinct advantages as an investment that are unique to themselves. There are many articles written on this site about copper pennies, copper nickels, copper in general, and more.

If you aren’t sure about pricing, it may be very advantageous to search copper penny auctions and pricings via Ebay. Here is a link to a handy page on our site which will open a new window in your browser and show pricing examples:

Ebay Copper Penny Auctions

Now that you have an idea of pricing possibilities, here is how to make money off of copper pennies:

Understand Pennies

Acquire Pennies

Hoard Pennies

Conquer with Pennies

Capitalize on Pennies

Understand Pennies

Copper in Pennies Weighs More than Face Value

Pennies. Small, tiny little coins that appear worthless to the average person. Pennies are so under appreciated that they get tossed on the ground and people walk by without a second thought. A copper penny is worth more than its face value because of its copper metal content (a copper penny is made of 95% copper and 5% zinc). This means that the actual physical weight of each individual penny makes that penny worth a weight value in metal.

The metal value of copper for each penny makes the copper penny very valuable in large quantities. The U.S. isn’t the first country to have a coin become worth a lot due to their metal value. Many countries have eliminated their lowest cent value. How does money become so high in cost to produce? Inflation and massive printing of currency is just a start of the problem.

Devalued Dollar = Inflation = Valuable Pennies

The dollar is worth but a fraction of what it once was. A penny is 1/100th of the value of a dollar. If the dollar has become a fraction of what it once was, a penny is a fraction of the fraction. So to summarize the point: the price of the US dollars is going down, so the value of copper gets inflated. This is why the penny is worth a lot. Because the penny’s face value has become worth so little due to the devaluing of the dollar, that the weight in copper of the copper penny has become extremely valuable, that, and commodities in in huge demand. Particularly gold, silver, and copper.

That is one of the main points why copper pennies have become so valuable. Between commodity prices on the rise and the dollar on the fall, copper pennies have become very worthwhile. In fact, the worse inflation gets and more devalued the dollar becomes, the better the price outlook on copper pennies becomes.

In short: Think Quantitative Easing (QE1, QE2, “The Twist” & now QE3 AKA Quantitative Infinite)

Size Matters

The more you have, the more the investment is worth. But what is considered a lot of pennies? Even ten pounds is a great way to start.

Of course, ten pounds of copper pennies is more of a starter package of an investment. After all, you want to make serious money, and to make serious money, you’ll need to find the right portion of your financial portfolio to put in copper pennies. Even if you don’t have a financial portfolio, you can still begin to build up a copper penny investing stockpile. Something is better than nothing. Even if you buy $100 of copper pennies then that’s a great head start. Investing in $1,000 is an ideal way to start a financial portfolio diversification into copper pennies. Eventually, you can work to build a huge stockpile. Though the life expectancy of the penny continuing to be minted is anticipated to not last too long. So invest in copper pennies while you still have time to get a head start on everyone else that did not buy any copper pennies. Go at your own pace, at the amount that is right for you.

Acquire Pennies

Get Copper Pennies

This may seem silly, but if you want to make money off of copper pennies, you need to get copper pennies. Find pennies on the ground, sort for copper pennies yourself, or go the efficient route of buying copper pennies from us. If you want to make money from copper pennies, your best bet is to make sure you have them. Buy copper pennies and you are on your way to making money from copper penny investing.

Efficiency is king in the copper penny investing world. It’s a balance between time management:cost:happiness. You need to find the most cost efficient manner for you that balances the amount of time spent getting your copper pennies, the cost involved in getting the copper pennies (which includes the value of your time spent), and how happy you are with those figures. For every individual, this figure is different. Most people find it much more efficient and effective to simply buy copper pennies from us.

For those that prefer to sort their own copper pennies, we offer an intermediate solution. You can buy sealed penny bags directly from our website to your door. These are the exact same penny bags we get and sort for copper bullion from. The bank the penny bags come from may differ as our sourced coin comes from many different banks. This means you’ll have a larger encompassing reach to acquire pennies from as you’ll benefit from the wide variety of our coin sourcing. We send the penny bags to you sealed, unsorted and unsearched so you never know what goodies could be inside.

The real key to reiterate and focus on is time. Your time is valuable. Everyone is different and you must make sure you are maximizing your return for your time in how you value your time. No one else can determine this but we do offer an article below to assist with helping you monetize time.

Read more: Guide: Copper Penny Sorting versus Copper Penny Buying

Hoard Pennies

Should I Hold onto Copper Pennies

Yes. If you want to hedge against inflation. Commodities are a great way to make a profit while outpacing dollar value drops and rising inflationary trends. Gold and silver are expensive. Copper pennies are cheap. All three are commodities. So why pay extra for a commodity when you can invest in real commodities below copper price cost?

Copper pennies are very durable tangible assets. They’re just as strong and recognizable as .999 copper bullion bars, but backed by the United States currency and significantly cheaper copper to invest in. Even if your house burnt down, your hundred dollar bills would burn up, but the copper pennies would survive. Perhaps a little blackened, but the copper would be intact. Holding onto copper pennies is a great way to secure your wealth in commodities while maintaining a security against failed currencies.

You can invest in .999 pure copper bars or .999 copper scrap for short term copper holdings as an industrial commercial grade base metal. Great for the short run usually holds higher premiums. Medium to long-term holdings generally have much lower premiums, thus the price difference between forms of copper in addition to purity.

The longer you hold onto your copper penny investment, the greater copper price should outpace inflation and the better your ROI (return on investment) will be. Copper spot price drives copper penny price, so holding onto copper pennies means you make money. Depending on how economic events unfold, there are other advantages to holding onto copper pennies to make money that most people do not think about. One such event is currency failure and hyperinflation (read more: Copper Penny Hoarders).

Conquer with Pennies

Make Money off Failed Currencies

Failed currencies are not discussed to be scary, but rather investment facts to anticipate. In fact, anticipating economic disasters is a fact of necessity in the life of investing. As a prudent investor to secure ones wealth, one must prepare for possible outcomes. One currency in the news these days on the possibility of failure is the Euro.

If the Euro collapses, that doesn’t mean anarchy and the complete collapse of society. It means that a new currency (or multiple) would be needed as a medium of exchange.

What is a medium of exchange? Simply a well recognized and accepted concept used to make trade easier (these days in the form of currency). In the past, objects ranging from gold, sticks, rocks, to even chocolate were used in various places throughout the world. Currency is used because it’s easy. After all, currency is just simply the ability to sell something of value to buy something of value while being easily transferable from person to person. This is the alternative to having a barter economy. And if the Euro could collapse, who is to say the U.S. dollar can’t collapse?

After all, the dollar is considered the world currency. This means that to trade in certain goods (like crude oil) countries must buy dollars rather than using their own currency. Therefore, there is enough dollars printed to be utilized not just by people of the United States, but countries throughout the world.

That means supply meets world demand for dollars. If the dollar is not used as a world currency, there would be world supply for dollars with only the demand of people in the United States plus those buying U.S. goods in terms of demand for dollars. This would create a huge imbalance between supply and demand. Basic economics would suggest the price of dollars would plummet. The demand for dollars would drop so suddenly, it could cause a huge devaluing spike in the value of the dollar, causing a potential attack by hyperinflation on our economy.

So if a currency collapses, your best investment is an investment that let’s you hold onto the value of your wealth when transferring from the old currency to the new currency. While everyone else is holding onto dollars which have their value destroyed through hyperinflation, you’ll be holding onto copper pennies, a commodity investment in copper. To create stability in an economy, a new currency will have to be distributed at a fair ratio to replace the old currency for holders of the old currency. If everyone else trades at a 1:1 ratio (old to new), then you want a 1:2 ratio (1 old to 2 new).

That means you’d double your wealth in comparison to everyone else. Will copper pennies do that? Answers currently point towards copper pennies definitely helping with a big Yes. Hyperinflation comes about from too much supply of currency (read coins can defeat hyperinflation). Therefore, a reduction in supply of the new currency would be important. So for example, you’d have a ratio more like 5:1 or even 20:1 (old currency face value to new currency face value). This would get prices under control. However, you’d have copper pennies, and instantly be able to sell the copper for the new currency at the well ratio’d cost of the old currency.

Hindsight is 20, 20. But having something useful to society is a great way to start. The key to wealth preservation is not always about making money. Sometimes it is as simple as not losing as much money as everyone else. After all, if you hold still, and everyone else loses money, you’ve gained wealth.

Capitalize on Pennies

When Should I sell my Copper Pennies

At the peak of an upswing economic market. When the economy gets tough, the tough should hoard their copper pennies. Copper is a very market economy-driven metal. In the long run, copper is a heavily demanded metal that pushes copper price above the devaluing of the dollar and inflationary effects on society. But when any economy is bearish, copper tends to be bearish).

So when the economy is in a slump, you should buy copper pennies because the copper penny investing cost will be lower. When the economy becomes bullish, copper prices tend to spike.

Since copper pennies are essentially copper bullion as a copper investment, that means the price of investing in copper pennies rises with a rising copper price. This can be seen with just about any commodity, one example being when the price of crude oil rises, so does gas price to fill up your car. When gas prices are high, a buyer pays more. The catch is so does the gas company which has to refill the oil tanks.

For you, the catch with copper pennies as an investment is the other way around. You buy your copper pennies ahead of time in large investment quantities when copper prices are low and bearish. Then the easiest hard part: have patience. Wait for the dollar to continue to get devalued. Wait for the economy to pick up. Patience is difficult, but necessary. Once the economy bulls, copper bulls, and you can sell whenever you wish (read about How & Why to Invest in Copper Bullion).

Learn More and Buy Copper Pennies by the Ton

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Multi-Ton Copper Pennies via Freight Shipping

Do you have any old pennies on hand? If so then you could have some copper pennies. The pre-1982 pennies are 95% copper. Because of their copper content, these coins are worth about twice their face value. The modern pennies after the year 1982 are 97.5% zinc and only 2.5% copper.

Copper pennies are getting harder to find as people are searching their change and storing the pre-1982 pennies. Learn more about these coins below.

Is Your Penny Copper or Zinc?

Copper and Zinc pennies can look roughly the same. It can be hard to tell because the Lincoln Memorial Design has both copper and zinc coins.

The easiest way to tell the difference is to check the date. However there are a few different tests you can do.

Check the Date

If the date is before 1982 then it's copper. If it's after 1982 then it's zinc.

1982 was the year that the US government switched from Copper to Zinc. So both versions were made in 1982, but it's easy to tell the difference with a few basic tests.

Weight Test

If you have a gram scale that is accurate to at least .1 gram then this is an easy test. Just put your coin on the scale and see what the weight is. Copper pennies weigh 3.11 grams and zinc pennies weigh 2.5 grams.

Remember that this test won't work if your scale is only accurate to 1 gram. For example, a scale with 1 gram increments would round down the copper weight to 3 grams and round up the zinc weight to 3 grams.

Sound Test

For this test you will need a hard surface such as a granite countertop, as well as a genuine copper penny and a genuine zinc penny. Take each coin and drop it on the hard surface and listen to the sound that it makes. Copper has a more high pitched 'ring' sound, where as zinc has a flat 'click' sound. Try it out for yourself. Once you can clearly tell the difference then you can start sorting your coins.

The weight test is a lot more accurate than the sound test. We only recommend doing the sound test if you don't have a gram scale.

Types of Copper Pennies

There are several different types of copper pennies that you may encounter. We will detail them below.

Lincoln Memorial Cent

The Lincoln Memorial design is common and recognizable. It has Abraham Lincoln on the front and the Lincoln Memorial on the back. This design was minted from the years 1959-2008. However the copper Lincoln memorial coins will be from 1959-1981, with some copper coins minted in 1982.

Wheat Cent

Lincoln wheat cents are easy to spot, you can check the date and see the 'wheat design' on the back of the coin. They were made from 1909-1958. In 1959 the government changed over to the Lincoln Memorial design.

Their composition is slightly different than the more common Lincoln memorial cents. In addition to copper, wheat cents also contain a small amount of tin- about 1% or less of the total metal content.

These coins have more numismatic value, and are therefore more valuable than the Lincoln Memorial copper cents. In today's market they go for around 3-5 cents each and some are worth more depending on their condition.

Indian Head Cent

Indian Head cents were made from 1859-1909. You're not going to find these coins in your lose change. However you may be able to find them in old boxes or from family heirloom chests.

Their numismatic value exceeds their scrap copper value.

Early Cents

Copper Penny Restaurant

There were pennies made before the Indian Head cent. They include the Braided Hair cent, the Coronet, and the Classic Head among others. Most of these cents were large- about the size of the current US dollar coin. The earlier copper pennies before 1859 are very rare, and you most likely won't find them around your house. Although it is possible to find them in family heirloom chests.

Can You Melt Copper Pennies?

Theoretically it would make sense to melt down non-numismatic copper pennies for their copper value. However the United States government has made it illegal to melt down any US coin. In 2006 they passed a law, Section 331 of Title 18, which bans this practice. So it's not worth the risk of getting caught. Melting coins is also illegal in the UK, as referenced in the UK coinage act 1971.

Keep in mind though that laws can change. Some copper coin hoarders are waiting for this law to change so they can melt down all of their copper pennies. It's also wise to hold onto your copper pennies because like other precious metals, they are a good hedge against inflation.

Where to Find Copper Pennies

Finding copper pennies is not difficult. All you need to do is find pennies dated before 1982. You can look in your house and see what types of coins you can find in your drawers, coin jars, etc.

You can also find copper pennies in your change. Whenever you make a cash purchase and receive back coins, you can check to see if there are any copper pennies. Most of the time you won't find any, but it can be fun to check.

Another option is to go coin roll hunting at your local bank. A roll of 100 pennies is worth 50 cents, so you could sift through a lot of rolls if you wanted to.

Where to Buy Copper Pennies

Copper Penny Value

EBay is a great place to buy copper pennies. For bullion copper pennies there is no better place. You can find large bags of thousands of 95% copper pennies. You can also find rare copper pennies as well as uncirculated copper pennies on eBay and Amazon.

Click here to search for copper penny rolls on Amazon.

If you plan to buy bullion then it's important to check the latest price of copper. That way you can compare the precious metal value to the actual cost of the copper coins.

Rare copper pennies can also be found at the large online bullion retailers such as Apmex.

Conclusion

Copper Penny Book

Copper pennies are nice coins to store and they are not difficult to find. So take a look for pennies made before 1982 the next time you dig through your coin jar or receive change.