Do you have a jar full of loose change in the closet? It might be time to get it out and start sorting through your pennies. Wheat cents and pre-1982 pennies are 95% copper (approximately) and 5% zinc. The price of copper today makes these pennies worth twice their value. Granted, you would have to accumulate a huge amount of copper pennies to have a substantial savings. I went through my little stash of loose change, and found a small amount of pre-1982 pennies, plus two "wheaties".
If you check out Ebay, there are sellers who are selling their copper pennies and making a profit. This just proves that you can sell ANYTHING on Ebay and make a profit.
Recently with the price of copper, thieves have been breaking into the AC units of businesses and homes to rip out the copper and turn it in for cash. Does it make sense to " hoard" copper pennies to save for a rainy day? Some say that the copper pennies can be use for bartering in the instance the paper money that we use becomes worthless in some apocalyptic catastrophe that may or may not occur.
Before today, I had no idea that there are people out there actively hoarding copper pennies for their future. I like money just as much as anyone else, but I don't see me gathering up buckets or wheelbarrows of copper pennies to have on hand just in case.
What is your take on this? Are you a Penny Hoarder? Or would you just not bother with going through your pennies?
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