scrappappy
Well-known member
- Joined
- Dec 6, 2015
- Messages
- 79
Does anyone else sort Lincoln pennies and Nickels etc from there pocket change and search bank rolls? I started doing it as a way to convert my paper savings into commodities some years ago.
I had been sorting out the newer zinc pennies and only looking from the old copper variety. But now even the zinc versions are worth almost face value. It's 90% of face value today compared to 17% for the dime and Quarter. Copper pennies are still commonly in circulation and worth about 213% of face value. It's currently a very rare occurrence in a fiat world. But probably only around %20 of the pennies currently in circulation are the copper variety. I don't think it will last long before the USA joins Canada in removing the cent/penny from our economic system.
So now I'm starting to set the zinc pennies aside, along with the older copper variety. Something I always saw as junk is now actually economically desirable. I guess inflation must be picking up again. whether they admit it or not.
For all the coin roll hunters and change sorters out there.. do you keep your Zinc pennies and do you think that mineral has a brighter future like copper did before it was replaced by Zinc?
I had been sorting out the newer zinc pennies and only looking from the old copper variety. But now even the zinc versions are worth almost face value. It's 90% of face value today compared to 17% for the dime and Quarter. Copper pennies are still commonly in circulation and worth about 213% of face value. It's currently a very rare occurrence in a fiat world. But probably only around %20 of the pennies currently in circulation are the copper variety. I don't think it will last long before the USA joins Canada in removing the cent/penny from our economic system.
So now I'm starting to set the zinc pennies aside, along with the older copper variety. Something I always saw as junk is now actually economically desirable. I guess inflation must be picking up again. whether they admit it or not.
For all the coin roll hunters and change sorters out there.. do you keep your Zinc pennies and do you think that mineral has a brighter future like copper did before it was replaced by Zinc?