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#11
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Hoarding pennies
e wrote:
has anyone actually sold pennies to a scrapper? that is the story i want to know. If I were a scrap metals dealer, I'd look very suspiciously at a big pile of pennies. I wouldn't want to sort them myself - and I wouldn't want to take the seller's word that they're all pre-1982. In other words, in addition to the cost of processing them, it *seems* like you'd have to accept a lower value because of the "zinc risk". -- Jim Seymour |
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#12
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Hoarding pennies
If you were a person that needed small quantities of bronze, like a
sculptor, it would make perfect sense to get it for half price by sorting through one-cent coins. Today I went to buy a drink at a local strip mall. The total was $1.73 . I gave the cashier $2. She gave me back a quarter and one penny. It was a 1966. That was the last penny in the register. So then she reached into the tip jar and pulled out the second penny and handed it to me. It was a 1943-D steel cent ! The ironic part is that the 1966 (because of the price of copper) is probably worth more than the 1943-D. And the even more ironic part of the whole deal is that while being enamoured with the two pennies, I failed to notice that the quarter was actually a recent-vintage product of Canada. So I actually lost money on the whole deal. |
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