Author

Topic: Two Hundred Billion Pennies (Read 3216 times)

sr. member
Activity: 456
Merit: 250
October 19, 2012, 01:19:57 PM
#32
and taking a look at this great tool called ebay it seems as though they are selling them for what they are worth at copper per pound prices. now if you get into the exotic uncirculated mint condition copper penny then ya its a collect and worth more obviously.  perhaps we got our communication wrong here I am talking about your basic "I found it on the road" penny.  not your "its a family heirloom" penny.
 
Exactly.  They are selling for what they are worth at copper per pound prices.  Which is MORE than $0.01, and generally around $0.02 or $0.025.

So, the copper pennies are WORTH $0.02.

What do you not understand about this?

And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?

nope a 20 dollar gold coin is worth its weight in gold.. duh..

I see what you are trying to do.. I am not a fool but your doing your hardest to make me so.. keep trying  Grin
Exactly!  Likewise, a copper penny is worth its weight in copper.  It is worth more than just $0.01.

perhaps you should re-read my posts I stated:

Quote
the copper its made from is worth more than the penny.
You also stated:

Quote
currently a copper penny is worth.. a penny.

Anyway, I am glad we are on the same page now.

my apologies I should have been more detailed
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 01:14:18 PM
#31
and taking a look at this great tool called ebay it seems as though they are selling them for what they are worth at copper per pound prices. now if you get into the exotic uncirculated mint condition copper penny then ya its a collect and worth more obviously.  perhaps we got our communication wrong here I am talking about your basic "I found it on the road" penny.  not your "its a family heirloom" penny.
 
Exactly.  They are selling for what they are worth at copper per pound prices.  Which is MORE than $0.01, and generally around $0.02 or $0.025.

So, the copper pennies are WORTH $0.02.

What do you not understand about this?

And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?

nope a 20 dollar gold coin is worth its weight in gold.. duh..

I see what you are trying to do.. I am not a fool but your doing your hardest to make me so.. keep trying  Grin
Exactly!  Likewise, a copper penny is worth its weight in copper.  It is worth more than just $0.01.

perhaps you should re-read my posts I stated:

Quote
the copper its made from is worth more than the penny.
You also stated:

Quote
currently a copper penny is worth.. a penny.

Anyway, I am glad we are on the same page now.
sr. member
Activity: 456
Merit: 250
October 19, 2012, 01:12:15 PM
#30
and taking a look at this great tool called ebay it seems as though they are selling them for what they are worth at copper per pound prices. now if you get into the exotic uncirculated mint condition copper penny then ya its a collect and worth more obviously.  perhaps we got our communication wrong here I am talking about your basic "I found it on the road" penny.  not your "its a family heirloom" penny.
 
Exactly.  They are selling for what they are worth at copper per pound prices.  Which is MORE than $0.01, and generally around $0.02 or $0.025.

So, the copper pennies are WORTH $0.02.

What do you not understand about this?

And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?

nope a 20 dollar gold coin is worth its weight in gold.. duh..

I see what you are trying to do.. I am not a fool but your doing your hardest to make me so.. keep trying  Grin
Exactly!  Likewise, a copper penny is worth its weight in copper.  It is worth more than just $0.01.

perhaps you should re-read my posts I stated:

Quote
the copper its made from is worth more than the penny.
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 01:10:11 PM
#29
and taking a look at this great tool called ebay it seems as though they are selling them for what they are worth at copper per pound prices. now if you get into the exotic uncirculated mint condition copper penny then ya its a collect and worth more obviously.  perhaps we got our communication wrong here I am talking about your basic "I found it on the road" penny.  not your "its a family heirloom" penny.
 
Exactly.  They are selling for what they are worth at copper per pound prices.  Which is MORE than $0.01, and generally around $0.02 or $0.025.

So, the copper pennies are WORTH $0.02.

What do you not understand about this?

And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?

nope a 20 dollar gold coin is worth its weight in gold.. duh..

I see what you are trying to do.. I am not a fool but your doing your hardest to make me so.. keep trying  Grin
Exactly!  Likewise, a copper penny is worth its weight in copper.  It is worth more than just $0.01.
sr. member
Activity: 456
Merit: 250
October 19, 2012, 01:07:53 PM
#28
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

whoa calm down just saying if you take a bucket full of pennies to anyone other than a coin collector they are gonna give you exactly how many pennies worth are in that bucket.. not a penny more  Tongue

bitcoins are selling for far more than what they are worth on ebay too.. ebay sucks.. not a very good tool to measure value.
That's not what you were saying.  You were saying that the copper pennies were only worth a penny, when they are clearly worth more than that.

Regardless, if you are changing your stance now to just stating that they are not very liquid, then I agree with you.  Coins that are worth more than their face value generally aren't.

copper pennies are worth only a penny.  take it to the local corner store and see how many you need to purchase a soda they are not going to give you a discount cause they are copper. nobody changed their stance on anything.
And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?

nope a 20 dollar gold coin is worth its weight in gold.. duh.. we are not talking about gold we are talking about copper

I see what you are trying to do.. I am not a fool but your doing your hardest to make me so.. keep trying  Grin
sr. member
Activity: 456
Merit: 250
October 19, 2012, 01:05:14 PM
#27
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

and taking a look at this great tool called ebay it seems as though they are selling them for what they are worth at copper per pound prices. now if you get into the exotic uncirculated mint condition copper penny then ya its a collect and worth more obviously.  perhaps we got our communication wrong here I am talking about your basic "I found it on the road" penny.  not your "its a family heirloom" penny.
 
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 01:03:53 PM
#26
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

whoa calm down just saying if you take a bucket full of pennies to anyone other than a coin collector they are gonna give you exactly how many pennies worth are in that bucket.. not a penny more  Tongue

bitcoins are selling for far more than what they are worth on ebay too.. ebay sucks.. not a very good tool to measure value.
That's not what you were saying.  You were saying that the copper pennies were only worth a penny, when they are clearly worth more than that.

Regardless, if you are changing your stance now to just stating that they are not very liquid, then I agree with you.  Coins that are worth more than their face value generally aren't.

copper pennies are worth only a penny.  take it to the local corner store and see how many you need to purchase a soda they are not going to give you a discount cause they are copper. nobody changed their stance on anything.
And a gold $20 coin is only worth $20?
A pre-1965 quarter is only worth $0.25?

Do you even understand what value or worth means?
sr. member
Activity: 456
Merit: 250
October 19, 2012, 01:00:48 PM
#25
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

whoa calm down just saying if you take a bucket full of pennies to anyone other than a coin collector they are gonna give you exactly how many pennies worth are in that bucket.. not a penny more  Tongue

bitcoins are selling for far more than what they are worth on ebay too.. ebay sucks.. not a very good tool to measure value.
That's not what you were saying.  You were saying that the copper pennies were only worth a penny, when they are clearly worth more than that.

Regardless, if you are changing your stance now to just stating that they are not very liquid, then I agree with you.  Coins that are worth more than their face value generally aren't.

copper pennies are worth only a penny.  take it to the local corner store and see how many you need to purchase a soda they are not going to give you a discount cause they are copper. nobody changed their stance on anything.
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 12:54:56 PM
#24
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

whoa calm down just saying if you take a bucket full of pennies to anyone other than a coin collector they are gonna give you exactly how many pennies worth are in that bucket.. not a penny more  Tongue

bitcoins are selling for far more than what they are worth on ebay too.. ebay sucks.. not a very good tool to measure value.
That's not what you were saying.  You were saying that the copper pennies were only worth a penny, when they are clearly worth more than that.

Regardless, if you are changing your stance now to just stating that they are not very liquid, then I agree with you.  Coins that are worth more than their face value generally aren't.
sr. member
Activity: 456
Merit: 250
October 19, 2012, 12:49:14 PM
#23
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!

whoa calm down just saying if you take a bucket full of pennies to anyone other than a coin collector they are gonna give you exactly how many pennies worth are in that bucket.. not a penny more  Tongue

bitcoins are selling for far more than what they are worth on ebay too.. ebay sucks.. not a very good tool to measure value.
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 11:30:57 AM
#22
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)

Eh?

People know the copper is worth more than the penny.  You don't have to smelt it down for them to see that value.  Take a look at eBay - people are buying copper pennies for far more than they are worth, according to you!
sr. member
Activity: 456
Merit: 250
October 19, 2012, 03:12:28 AM
#21
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.

currently a copper penny is worth.. a penny.
145 pennies is roughly a pound (could be wrong just googled it)
thats $1.45

1lb of copper on kitco says 3.70.

the copper its made from is worth more than the penny.

as far as I know most scrap yards are not going to accept a bucket full of pennies but who knows.

if your talking about the collector aspect to it then ya keep em.

who knows copper pennies could be the next rare american eagle coin (highly doubtful with the amount of copper pennies in circulation)
legendary
Activity: 1400
Merit: 1005
October 19, 2012, 12:52:51 AM
#20
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
Good point!  I suppose many people probably feel like they'll be worth more in the future, but if that's the case, why not buy copper directly?

I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
Why would you melt them?  Just leave them in coin form and sell them that way, same as everyone does with silver and gold coins.
sr. member
Activity: 456
Merit: 250
October 19, 2012, 12:15:56 AM
#19
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.

true.. having to collect all the coins sort em out.. if you decide to melt em you need propane or some type of fuel.. some cement to make a foundry furnace (or buy one  Tongue).  A lot of work for what its worth.  To sell copper over here you need to show your ID and give a fingerprint but that rarely happens from what I am told.. and I think it only applies to copper wire and pipe not ingots.  Then good luck finding a place that will give you a good price per pound. I have met a lot of people talking about doing this but have yet to hear one of them attempting it.
legendary
Activity: 4438
Merit: 3387
October 18, 2012, 11:41:38 PM
#18
I estimate (roughly) that a dozen 5-gallon buckets means about a $5000 profit (about $.015 per penny). I seems like a lot of money, but what about the amount of time spent buying and sorting all those coins. I'm guessing it isn't a very high-paying job.
legendary
Activity: 1400
Merit: 1005
October 18, 2012, 09:51:27 PM
#17
Someone in my city actually made a "penny sorting machine" somehow.  It detects the real copper pennies (1983 or prior I believe) and puts them in one bucket, while throwing the zinc-infused pennies into a different bucket.  He goes to banks and buys as many pennies as he can, puts them through the sorter, and saves all the pure-copper ones.  He had something like a dozen 5-gallon buckets full of them.  Someday, when it is legal to melt them, he's going to have a nice chunk of change (MULTI-PUN!) from this.

I'd just like to know how to create such a machine.  Wink

Some cardboard and a magnet (salvaged from an old hard drive.) + a little ingenuity should do it.

Not sure on the exact composition but I have 2 - 2012 Canadian pennies and 1 is magnetic and the other sent.

Hmmm...  ^.^
legendary
Activity: 1372
Merit: 1000
October 18, 2012, 09:47:59 PM
#16
Someone in my city actually made a "penny sorting machine" somehow.  It detects the real copper pennies (1983 or prior I believe) and puts them in one bucket, while throwing the zinc-infused pennies into a different bucket.  He goes to banks and buys as many pennies as he can, puts them through the sorter, and saves all the pure-copper ones.  He had something like a dozen 5-gallon buckets full of them.  Someday, when it is legal to melt them, he's going to have a nice chunk of change (MULTI-PUN!) from this.

I'd just like to know how to create such a machine.  Wink

Some cardboard and a magnet (salvaged from an old hard drive.) + a little ingenuity should do it.

Not sure on the exact composition but I have 2 - 2012 Canadian pennies and 1 is magnetic and the other is not.
legendary
Activity: 1400
Merit: 1005
October 18, 2012, 06:46:00 PM
#15
Someone in my city actually made a "penny sorting machine" somehow.  It detects the real copper pennies (1983 or prior I believe) and puts them in one bucket, while throwing the zinc-infused pennies into a different bucket.  He goes to banks and buys as many pennies as he can, puts them through the sorter, and saves all the pure-copper ones.  He had something like a dozen 5-gallon buckets full of them.  Someday, when it is legal to melt them, he's going to have a nice chunk of change (MULTI-PUN!) from this.

I'd just like to know how to create such a machine.  Wink

nobody will know your melting them unless you like to talk.  Grin
Well, true, but I'd be more likely to hold them for a while than to attempt melting them myself.  I don't have a smelter, or capabilities for performing such a feat.  Not to mention, some people might begin to question my source for random hunks of copper.
sr. member
Activity: 456
Merit: 250
October 18, 2012, 06:42:56 PM
#14
Someone in my city actually made a "penny sorting machine" somehow.  It detects the real copper pennies (1983 or prior I believe) and puts them in one bucket, while throwing the zinc-infused pennies into a different bucket.  He goes to banks and buys as many pennies as he can, puts them through the sorter, and saves all the pure-copper ones.  He had something like a dozen 5-gallon buckets full of them.  Someday, when it is legal to melt them, he's going to have a nice chunk of change (MULTI-PUN!) from this.

I'd just like to know how to create such a machine.  Wink

nobody will know your melting them unless you like to talk.  Grin
legendary
Activity: 1400
Merit: 1005
October 18, 2012, 04:01:37 PM
#13
Someone in my city actually made a "penny sorting machine" somehow.  It detects the real copper pennies (1983 or prior I believe) and puts them in one bucket, while throwing the zinc-infused pennies into a different bucket.  He goes to banks and buys as many pennies as he can, puts them through the sorter, and saves all the pure-copper ones.  He had something like a dozen 5-gallon buckets full of them.  Someday, when it is legal to melt them, he's going to have a nice chunk of change (MULTI-PUN!) from this.

I'd just like to know how to create such a machine.  Wink
hero member
Activity: 495
Merit: 500
October 18, 2012, 02:28:52 AM
#12
Try the US debt.http://www.usdebtclock.org/   
legendary
Activity: 1540
Merit: 1029
October 16, 2012, 03:19:25 AM
#11
That is a lot of pennies! Canada is getting rid of the penny!
legendary
Activity: 1372
Merit: 1000
October 14, 2012, 05:54:51 PM
#10
I think drugs are subserviced by tax payers in my neighborhood; I was once opposed to the whole idea until an enlightening lunch with Richard Branson made me aware that it is a medical problem and not a criminal one, I don't think about it anymore. (That's probably why they pick up cigarette buts and not pennies)

But none the less there was a time when one could live a modest life off just $0.05 a day and still pay 10% to tax and 10% to charity.

Just the Pennies in circulation today (less inflation) could feed and maintain over 100,000,000 people for a year.
sr. member
Activity: 476
Merit: 250
October 14, 2012, 05:19:01 PM
#9
Quote
I suspect because of fear of injury when bending over.

It's back-breaking work picking up free pennies in the street all day when a crackhead's time could be put to better use by just stealing something instead.
legendary
Activity: 1372
Merit: 1000
October 14, 2012, 04:19:28 PM
#8
Snag some copper coins now and sit on them for a few years. Wink

Sure copper coins are almost free commodity money, they are going out of circulation in Canada soon because they cost more to produce than they represent in Fiat.

Pennies lie unclaimed in the streets on my way to work, the crack addicts don't even bother to pick them up I suspect because of fear of injury when bending over. (It is sad but they still see more value in picking up a cigarette buts and fighting over the deposit of pop cans)
sr. member
Activity: 476
Merit: 250
October 14, 2012, 03:38:16 PM
#7
And for reference Benjamin Franklin bought 3 loaves of bread for a threepenny. (Equivalent to 1 decimal penny.)  My... has our inflammatory economic machine let us down.

It still amazes me that what represented fifty cents when I was a kid, a Kennedy half dollar, is now worth upwards of $12. 2400% debasement doesn't bode well for the currency.

Snag some copper coins now and sit on them for a few years. Wink
hero member
Activity: 523
Merit: 500
October 14, 2012, 07:18:26 AM
#6
What about if you lose power? Some natural disasters knock out power for months.

Than there are many better things to have than gold and many other things to worry about.
Bitcoin will still work in the rest of the whole world, once power comes back you will still have your Bitcoins or if you go to a place that have power you can use them.


legendary
Activity: 1311
Merit: 1000
October 14, 2012, 05:00:18 AM
#5
What about if you lose power? Some natural disasters knock out power for months.
legendary
Activity: 1372
Merit: 1000
October 13, 2012, 08:28:28 PM
#4
Truly awesome!
just thinking of the benefit Bitcoin could have on the need to reduce all that mining.

And for reference in the early 1720's Benjamin Franklin bought 3 loaves of bread for a threepenny. (Equivalent to 1 decimal penny.)  My... has our inflationary economic machine let us down.
sr. member
Activity: 456
Merit: 250
October 13, 2012, 08:12:08 PM
#3
is that all copper or half zinc.. they stopped making all copper pennies at some point in the 80's iirc
legendary
Activity: 4438
Merit: 3387
October 13, 2012, 05:22:54 PM
#2
Those two gigantic cubes of copper remind me of Warren Buffet's statement about all the gold in the world making a big cube and how it has no real value.
sr. member
Activity: 476
Merit: 250
October 13, 2012, 12:19:14 PM
#1
Quote
"Current estimates by the U.S. Mint place the number of pennies in circulation at around
140 billion. Others have estimated as many as 200 billion currently circulating. "

http://www.kokogiak.com/megapenny/twelve.asp

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