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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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Q: Is it worth collecting copper pennies?
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Due to the rising price of copper, pennies were worth more than face value.


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