Where To Sell Canadian Copper Pennies

Money metals exchange is pleased to offer copper u s.

Where to sell canadian copper pennies.

The canadian penny shrank for the second time after confederation in the year 1980 to 2 8 grams. These copper pennies are universally recognized and accepted making them ideal for barter and trade. 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. Currently pennies are 97 5 zinc and 2 5 copper and at current prices of those metals each new penny has a theoretical melt value what you d get if you melted down pennies and sold the.

The copper and zinc in a penny. Pennies minted prior to 1983 at prices very close to melt value. 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. The very low premium to melt value makes them an excellent investment vehicle for copper.

It contains about 2 95 grams of copper and there are 453 59 grams in a pound. Canadian pennies minted in the years 1980 and 1981 should make up the second group in your hoard of canadian copper pennies. Keep canadian copper pennies keep your canadian pennies. A pre 1982 penny consists of 95 copper and 5 zinc.

First they are only 95 copper. They are alloyed with sometimes just 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. In this particular case canadian copper pennies.

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. However this weight was only temporary. 10 2019 was 2 75 a pound.

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. Pennies minted before 1982 are comprised of nearly 95 copper. The canadian copper penny melt value calculator located below will help you find the total copper value and total copper content of your pre 1997 canadian copper cents. Aside from their weight of 2 8 grams they too have a copper content of 98.

The decision is ultimately up to you. 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. But sometimes tin and zinc making them high grade brass or semi bronze.