Sharing insights since on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Did you know that those hundreds of pennies lying under how to make money with copper pennies couch cushions and on the car floor could be a source of income? You have several options that are far more favorable than rolling and cashing them in at the bank. Recycling pennies may sound a bit like a late night infomercial, but there is some merit in the concept. Can I just bag my pennies and haul them in? Melting your own pennies is NOT recommended. Looks like recycling pennies is a bust at this point, but you do have options to still cash in on your old pennies. Here are two viable options for getting more value from your pennies:. Many people are hoarding these old pennies in bulk. Some of them believe these stashes will be an asset when the economy collapses, some are waiting for federal laws to change to allow the melting of coins for recycling, and some of them just like old coins, but most will pay high dollar for small to moderate quantities of old pennies. Many of us have probably held a valuable coin at one time in our lives and never even noticed.
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There are many articles written on this site about copper pennies, copper nickels, copper in general, and more. Here is a link to a handy page on our site which will open a new window in your browser and show pricing examples:. Ebay Copper Penny Auctions. Now that you have an idea of pricing possibilities, here is how to make money off of copper pennies:. Small, tiny little coins that appear worthless to the average person. Pennies are so under appreciated that they get tossed on the ground and people walk by without a second thought. This means that the actual physical weight of each individual penny makes that penny worth a weight value in metal. The dollar is worth but a fraction of what it once was. If the dollar has become a fraction of what it once was, a penny is a fraction of the fraction. So to summarize the point: the price of the US dollars is going down, so the value of copper gets inflated. This is why the penny is worth a lot. Particularly gold, silver, and copper.
Log in or Sign up. Coin Talk. What to do with copper pennies? Hey everyone: I learned recently about pre pennies having copper in them, and knew that copper prices were rising. I rolled a few dollars’ worth of copper pennies and was wondering what to do with them. Should I list them on eBay, or would it be wise to try and sell to a dealer for the copper value? I know it’s illegal to melt them down, and I wouldn’t do that anyway, but I would like to know my options when it comes to unloading them. Thanks everyone! Log in or Sign up to hide this ad. I would write myself a good auction and take a good pick and sell them on ebay. Tater , Apr 14,
Copper in Pennies Weighs More than Face Value
I’m pretty there’s a federal law about destroying coins of the realm. Copper is too valuable to use in pennies. As you say they are pretty wiyh worthless. Most pennies do not really have a whole lot of copper in them, so selling them to a copper recycler will not do you much good. The genuine copper pennies—google the date—will be worth more as something to collect than as scrap copper.
Put them in a bucket and wait. They’ll creep up in value over time. Let me put my two cents in, after the pennies are all gone, no one could have a penny for your thoughts. If you need to buy a loaf of bread and you are short 3 cents, do you think the strore is going to give it to you????? If your monye has any value whatsoever you’re going to waste more sorting them than they’re coppfr.
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How do you think about the answers? You can sign in to vote the answer. LMurray Lv 4. Patricia M Lv 6. Show more answers 1. Still have questions? Get your answers by asking .
HOW 2 MAKE MONEY: Episode 2 COPPER PENNIES