Where To Sell Canadian Copper Pennies

These copper pennies are universally recognized and accepted making them ideal for barter and trade.

Where to sell canadian copper pennies.

Pennies minted prior to 1983 at prices very close to melt value. In this particular case canadian copper pennies. The canadian penny shrank for the second time after confederation in the year 1980 to 2 8 grams. The decision is ultimately up to you.

A pre 1982 penny consists of 95 copper and 5 zinc. The copper metal value exceeds their canadian face value by over 2 5x the canadian copper penny is made of 95 copper and 5 zinc making it a great copper commodity investment. These copper pennies are just like the u s. Keep canadian copper pennies keep your canadian pennies.

The copper and zinc in a penny. But sometimes tin and zinc making them high grade brass or semi bronze. It contains about 2 95 grams of copper and there are 453 59 grams in a pound. Not being pure copper and being several possible copper alloys causes them to be worth significantly.

You ll need about 151 pre 1982 pennies to make a pound of copper. That meant the copper in each penny was worth about 1 7 cents. Pennies minted before 1982 are comprised of nearly 95 copper. Money metals exchange is pleased to offer copper u s.

As of the date this post was written recycled copper was selling in my area for 4 13 per pound and the price has been rising steadily for several months thanks to a crappy economy. The price of copper on dec. The canadian copper penny calculator only shows what the copper metal in your canadian pennies is worth intrinsic value and will not indicate any numismatic collector. 10 2019 was 2 75 a pound.

The very low premium to melt value makes them an excellent investment vehicle for copper. However this weight was only temporary. They are alloyed with sometimes just zinc. Aside from their weight of 2 8 grams they too have a copper content of 98.

Just remember that the last person standing with copper pennies when the penny is eventually eliminated will be the one to gain the most benefit. Canadian pennies minted in the years 1980 and 1981 should make up the second group in your hoard of canadian copper pennies. Getting involved in selling copper pennies means careful consideration to risk versus reward as far as sell quickly lower price vs seller slower higher price.