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multigraincracker

(34,126 posts)
Sun Feb 21, 2021, 08:46 PM Feb 2021

Did you ever wish you had saved silver coins back when?

Now might be the time to check your old pennies. The copper is now worth double the one penny.
145 pennies in a pound and about $3.20 a pound now. The only problem is that it is illegal to scrap them. If you wait, that could change. You could smuggle them into Canada or Mexico. Some people are selling rolls of copper pennies on Craigslist at a premium. But, if the price keeps going up, the laws may change as manufacturers need more copper.
I kind of wish they would just do away with them.

I forgot to add; Look for pre 1982 ones, after 1982 they are mostly zinc.

21 replies = new reply since forum marked as read
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Did you ever wish you had saved silver coins back when? (Original Post) multigraincracker Feb 2021 OP
Gold Timewas Feb 2021 #1
Late 70s and the Hunt Brothers jacked multigraincracker Feb 2021 #2
It's long past time to do away with pennies... Enter stage left Feb 2021 #3
It'd be easy if retail prices included multigraincracker Feb 2021 #4
It doesn't matter if you spend $1.03, or $1000.03... Enter stage left Feb 2021 #6
I was a paper boy in 1964, I saved all the Kennedy half dollars. dem4decades Feb 2021 #5
The really high grade coins have gone up and multigraincracker Feb 2021 #7
HAd shitload Timewas Feb 2021 #8
Not really because I have one bitcoin I bought as an experiment 5 years ago. Kablooie Feb 2021 #9
I'd sell it now, but that's just me. multigraincracker Feb 2021 #10
Don't understand bitcoins. Why are they hard to turn into doc03 Feb 2021 #13
Bitcoin ATMs are scams. Kablooie Feb 2021 #16
I think I will stick to the old fashioned stuff. doc03 Feb 2021 #17
Yeah. I only bought one thing with bitcoin. Kablooie Feb 2021 #20
I keep thinking this is another bubble that will burst doc03 Feb 2021 #21
I've got a ton samplegirl Feb 2021 #11
It's now worth 2 tons. multigraincracker Feb 2021 #12
I'm a cashier these days and I look for old coins. no_hypocrisy Feb 2021 #14
I now have a hard time reading dates. multigraincracker Feb 2021 #15
If I had wishes to be granted, it wouldn't be for silver coins. Ferrets are Cool Feb 2021 #18
My Dad did back when it was announced they were going to alloys csziggy Feb 2021 #19

multigraincracker

(34,126 posts)
2. Late 70s and the Hunt Brothers jacked
Sun Feb 21, 2021, 08:55 PM
Feb 2021

silver coins up to $50 for $1.00 face for silver coins. Close to $20. now.

Enter stage left

(3,825 posts)
3. It's long past time to do away with pennies...
Sun Feb 21, 2021, 08:57 PM
Feb 2021

Canada did years ago. Prices get rounded up or down. Nobody complains.

Also, why does the US insist on using paper for our currency when Canada, Australia & many other countries have transitioned to better materials for their folding currency?

Get with the times US!

dem4decades

(11,937 posts)
5. I was a paper boy in 1964, I saved all the Kennedy half dollars.
Sun Feb 21, 2021, 09:02 PM
Feb 2021

But cashed them out a few years ago. I do have my father's coin collection, mostly pennies, liberty dimes and buffalo nickels. Haven't really looked at them.

multigraincracker

(34,126 posts)
7. The really high grade coins have gone up and
Sun Feb 21, 2021, 09:07 PM
Feb 2021

common ones have stayed the same. Stamps have gone down as few young people are interested.

Timewas

(2,294 posts)
8. HAd shitload
Sun Feb 21, 2021, 09:17 PM
Feb 2021

Had a lot of them too , but had to sell out,Still have some indian heads and steel pennies.

Kablooie

(18,784 posts)
9. Not really because I have one bitcoin I bought as an experiment 5 years ago.
Sun Feb 21, 2021, 09:29 PM
Feb 2021

It was $200 then.
It's $57,000.00 now.

The problem is that it's not easy to turn it into money.
But it's nice to know its there, I guess.

doc03

(36,766 posts)
13. Don't understand bitcoins. Why are they hard to turn into
Sun Feb 21, 2021, 10:16 PM
Feb 2021

money? I see a bitcoin ATM at the mall it looks like it isn't that difficult.

Kablooie

(18,784 posts)
16. Bitcoin ATMs are scams.
Sun Feb 21, 2021, 10:34 PM
Feb 2021

They charge huge fees and then give you a terrible exchange rate.
You also have to give them personal info they can sell to scammers.

Kablooie

(18,784 posts)
20. Yeah. I only bought one thing with bitcoin.
Mon Feb 22, 2021, 12:57 AM
Feb 2021

When I first got it a I bought a $20 computer program and is was a real hassle.
I never found anything else to buy and it was a confusing mess trying to use it.

They say it's worth a lot now but it's not money I can really use.
It's fun to think about though. ( Wow! I have $50,000! )

doc03

(36,766 posts)
21. I keep thinking this is another bubble that will burst
Mon Feb 22, 2021, 09:18 AM
Feb 2021

like we had for the Savings and Loans, .coms and 2008 crash.

no_hypocrisy

(48,936 posts)
14. I'm a cashier these days and I look for old coins.
Sun Feb 21, 2021, 10:24 PM
Feb 2021

Most of the more vintage pennies have been taken out of circulation.

However, I found a nice cache of old pennies (1929, 1930s, 1940s) that I mindlessly collected as a kid.

csziggy

(34,189 posts)
19. My Dad did back when it was announced they were going to alloys
Sun Feb 21, 2021, 11:25 PM
Feb 2021

He'd go through his change every night and sort out the silver ones. We found two sacks of silver coins in the safe when he died. They are not worth much as collectibles, because they are not in great shape on average. We split them up among Dad's children and my husband, who collects coins went through them. I'm keeping the rest just as a memento.

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