Where To Sell Canadian Copper Pennies

Pennies minted prior to 1983 at prices very close to melt value.

Where to sell canadian copper pennies. 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. 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. These copper pennies are just like the u s. However this weight was only temporary.

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 universally recognized and accepted making them ideal for barter and trade. A pre 1982 penny consists of 95 copper and 5 zinc. The canadian penny shrank for the second time after confederation in the year 1980 to 2 8 grams.

You ll need about 151 pre 1982 pennies to make a pound of copper. Canadian pennies minted in the years 1980 and 1981 should make up the second group in your hoard of canadian copper pennies. Aside from their weight of 2 8 grams they too have a copper content of 98. The decision is ultimately up to you.

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. They are alloyed with sometimes just zinc. 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. Money metals exchange is pleased to offer copper u s.

Keep canadian copper pennies keep your canadian pennies. It contains about 2 95 grams of copper and there are 453 59 grams in a pound. Pennies minted before 1982 are comprised of nearly 95 copper. In this particular case canadian copper pennies.

That meant the copper in each penny was worth about 1 7 cents. The very low premium to melt value makes them an excellent investment vehicle for copper. But sometimes tin and zinc making them high grade brass or semi bronze. The price of copper on dec.

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 copper and zinc in a penny. 10 2019 was 2 75 a pound.