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It really depends on the kind of person you are. First off, you need to realize a few things:
First, not all pennies are copper, pennies dated before 1982 are all copper, pennies dated 1983 and later are not copper and are only worth half a cent in value. 1982 dated pennies are a mix, some are copper and some are not copper.
Secondly, you aren't going to see a huge return, each copper penny is worth about 2 cents or so.
Thirdly, a box of pennies ($25 worth) can easily be bought at a bank, they generally average about 25% copper (some areas are more and some are less)
Fourth, it is currently illegal to melt down pennies. You can't just take them to the scrap metal dealer. Laws may later be changed, but at this time, you have to sell them to someone who thinks the melt ban will be lifted soon. Because of this, you usually have to discount your coins. Even though they are worth 2 cents, since you can't melt them outright you might have to sell them at 1.5 cents.
And lastly, copper pennies are heavy and take up a lot of room for their value.
So ask yourself:
Do you think that the laws will change in a short period of time to allow you to legally melt your copper to sell it at full price?
Are the space costs worth it? Keep in mind that for every $25 (face value) in copper pennies you have, it weighs about 17 pounds.
Is it worth the time? You will either have to manually look at every date in a box or invest in a Ryedale or similar sorter (which costs several hundred dollars).
If you don't think that the laws will change and its not worth the space and your time, then don't hoard copper pennies. If you think the laws will change or you are ok selling them at a discount and can afford the time and space costs, then it would most likely be beneficial for you.
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∙ 12y ago
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Why did the us stop making pennies out of copper?
Due to the rising price of copper, pennies were worth more than face value.
You have 50 pounds of pennies how much is this worth for the copper?
This will depend upon the year of the pennies, because the make-up of pennies is not only copper and has changed over the years.
What are 1981 pennies uncirculated worth?
It's worth 2 cents for the copper.
How much is 1942 and 1943 copper pennies worth?
A 1942 copper penny is worth between $0.15 and $3.00. If you have a 1943 copper penny it is worth a lot more. In 1943 because of the war and the need for copper pennies in that year were made from steel. Steel pennies from 1943 are worth around $0.30 and $2.50. If you have a real 1943 copper penny take it to a coin shop or dealer and have them check it out to see if it is real.
What is a1943 copper penny worth?
Over a million dollars if it is genuine. However, the vast majority of "copper" 1943 pennies are simply genuine copper pennies of later dates with their date modified to read 1943 or 1943 steel pennies with a thin layer of copper.
What is a real copper 1989 penny worth?
Solid copper pennies weren't made after the 60's.
Are all pennies made of the same metal?
Well depending if your talking about all the different country's pennies, then Im not sure. But I do know that the pennies made in Canada and the states are. The main metal in these pennies are copper, and copper is worth more then what the penny is worth, so sometime in the near future they will atop making pennies.
What s pennies are worth money?
A 1943 copper penny is known to be worth a lot of money,
How much money 47 pounds of pennies worth?
No way to answer, because there are at least 2 common types of US pennies. There are approximately 145 copper pennies in a pound.There are approximately 181 copper plated zinc pennies in a pound.
How much is a 1985 D copper penny worth?
By 1985, U.S. pennies were copper-plated zinc. It's worth one cent.
What is the value of 1971 D pennies?
It's worth 2 cents for the copper.
What is 52 penny weight in gold worth?
Pennies are made of copper and zinc. there is no gold in them
