How to Deposit Money Copper Pennies
Many investors who buy gold and silver bullion coins and coins collectors studying coins, have probably never considered collecting copper money to earn a meaningful profit. You've probably heard "earned a penny saved a penny," because lowly money is worth a cent. While most pennies are of a low value value, do you know that all copper pennies are double the value of their value?
The pennies made from 1909 to 1982 were made from 95% copper and 5% zinc. It may be that you do not consider copper as a very high value, but it is a very important metal. Copper is widely used in the industry, especially in electricity, construction, transportation and many other areas. This is the reason that copper receives a good price because it is also the best conductor of electricity, is not bleak and malleable. To find the copper melt value, we need to know that one pound of copper is currently worth $ 3.12. 154 copper pennies equal to one pound. So divided by 154, 3.12 is approximately 2 cents for each penny.
Since every copper penny has a value of 2 cents, it can be a small investment. The more copper you have, the more investment you have. So, how do you still get a copper money for the value of its face? First of all, you can check your everyday changes and get pennies before 1982, or you can buy a roll from banks.
Apart from the fact that the percentage of each copper is double, its numerical value is also important. The way a coin collector checks the dates and conditions of each coin, it can give your copper even more value. But you do not have to be knowledge of an experienced coin collector. Many rolls contain old "wheat" cents which were mined before modern Lincoln St. (1959 - now). It is easy to see the percentage of wheat - see the dates, between 1909 and 1959, and the reverse side, on which the word "One St" is centered between two stalks of wheat.
Depending on the condition, wheat stays are rare and more valuable. The better the condition, the more they will be worth. When I prey on the roll, I usually find the "good" wheat staple in the "very good" condition. They can get a price of 10-15 cents on eBay. Finding many old wheat stubs and copper linen / monuments in the bank box of 50 rolls is not uncommon. To get better information about the conditions and prices, I will go online and search for "worth of money for the year" or "worth my coin". You can also buy the latest "Official Red Book: A Guide Book of United States Coins" available at the bookstore or at Amazon.com.
In the box of Pennies bought by you from the bank, 50 roles have $ 25 penny, which is equivalent to 2,500 pennies. As long as you do not want to go through each roll and check it one by one, you can buy a copper penny sorting machine that separates you from zinc to the copper. If you are not in a hurry to separate them, you can buy a basic "E-Z Copper Penny Sorter" from $ 30 to $ 60. For the quick pruning of many pennies, you will need a "Rendell Apprentice Penny Sorter" which sells for $ 500.
Another reason for collecting copper penny is that it is legal to melt them in bars when someday takes them out of the movement. Bars are very manageable, rather than placing them in a large jar or compartment, they can be placed on one side, which can contain hundreds or thousands of pennies.
The amazing benefit you get when buying rolled pennies rolls is that you will not be spending more than what you paid. You will not spend a cent to speak it, because you buy all the rolls of Pennies on face value. Not only will you get many copper pennies, but also the pennies of old wheat which only adds value.
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