Question about copper cents

GaCoinGuy

You guys who sort them and pull out varieties etc....what do you do with the extra copper cents? Roll em and deposit em or what?

TheRegulator

Hoard them.

Snowman24

I look for the varieties but i started to keep the the copper ones the past year

with the high price of copper recently and the low interest rates at the bank
i guess it doesnt hurt

atarian

I used to do that, it got boring just holding stuff that just makes the room heavier Wheats i hold and S mint post 68 i hold but thats about it. then any variety i hold too. I got about 170 in copper cents ill sell if anyone wants them before they go to the bank ;-)

Twobitcollector

Hoard them, in an old coffee can

rlarick

SaorAlba

I keep about 800lbs of them in 2 gallon jugs.

GaCoinGuy

Since it's illegal to melt em down, what else can you do besides hoard em and hope they allow smelting again?

SaorAlba

<< <i>Since it's illegal to melt em down, what else can you do besides hoard em and hope they allow smelting again? >>



Remember(well I don't but several forum members will, I was born post silver) but silver was removed from circulation by collectors into the late 1960's. Of course it was illegal to melt for a long time - I think late 1970's. Then in 1979-80 quite a lot was indeed melted.

Frankly I am of the opinion coins should not be melted, they are already a convenient and trustworthy form of bullion. It is why I own "junk" silver because if TSHTF scenario occurs - my silver is in convenient little portions that can be spent.