![]() ![]() He said he has clients with deep pockets who are storing huge sacks of pennies and he has inquires from hedge funds. Youngs' operation, the Portland Mint, is locked inside a secure facility that deals with armored cars - selling and shipping to clients in every state - and works in pennies by the ton. He explained how he can sell a $100 worth of pennies for $176, when shipping and packaging are included. If you think only a sucker would pay two cents for a penny, you're missing out on a business opportunity that Adam Youngs, who runs a massive penny sorting operation in Portland, Ore., has perfected. There are a slew of listing for pennies in bulk on eBay, but what's amazing is they include listings for $10 in pennies being sold for $20 dollars. In San Diego, so much copper wiring has been stolen from eight different city parks, that soccer teams can't practice because the field lights stopped working.īut penny hoarders aren't thieves, just opportunists. Thieves have been exploiting the value hidden in obscure items, stripping copper wiring from phone and utility cables, from construction sites, even from a 122-year-old copper bell that was stolen from a San Francisco cathedral. Much like the resurging obsession with gold, the price of copper has skyrocketed in recent years and the rising price has led to some unusual sprees. Henry even has a $500 home counting machine to separate out the copper ones. "Real money has that definite sound of money and if you listen to a modern zinc penny, they don't sound the same, they sound sort of tinny." "The copper has such a different sound than zinc pennies do," Henry said. A copper penny is worth more than other pennies - now mostly made of zinc - currently priced at $0.024. But it's not just any and all pennies, Henry is only interested in those that are dated from 1982 and earlier because those are the coins made with 95 percent copper. Inside a shed next to his house, Henry has orange tubs filled with 200,000 pennies, and he spends hours sorting through roll after roll of the coins. He's not a collector, he is what's known as a "penny hoarder" and he is not alone. Henry is often seen toting around bags of pennies, some he buys, others he changes back in for cash, which seems a little strange at first. 2, 2011— - Joe Henry is on a first name basis with bank tellers across his hometown of Medford, Ore., scouring 15 banks a week with one thing on his mind: pennies. No proof coins were made in 1946, as all extraneous minting efforts beyond striking circulating coinage were concentrated on producing medals for soldiers returning home from combat in World War II.Dec. Simple and eye-catching chemical reactions demonstrate essential concepts. Expect to pay around 20 cents for a decent, circulated example from any of the three mints less than $5 will purchase a lustrous, Mint State specimen from the Philadelphia, Denver, or San Francisco mint. These highly common Lincoln Wheat Penny coins are readily available in nearly all grades, with specimens in the upper circulated grades and lower Mint State grades especially plentiful. 991,655,000 one-cent coins were struck at the Philadelphia Mint, 315,690,000 were produced at the Denver Mint (D), and 181,770,000 were minted at the San Francisco Mint (S). Mint locations operating during that year. The highest amount paid for a 1943 copper cent was 82,500 in 1996. A subsequent piece sold for 10,000 at an ANA convention in 1981. ![]() A 1943 copper cent was first offered for sale in 1958, bringing more than 40,000. Coin experts speculate that they were struck by accident when copperalloy 1cent blanks remained in the press hopper when production began on the new steel pennies. As was the case throughout the 1940s, mintage figures were quite high in 1946, with more than one billion Pennies struck across all three U.S. Approximatcopperalloy cents are known to remain in existence. Outside of the different metal composition among 1944, 1945, and 1946 Lincoln Wheat Cents, there are few variations to speak of regarding Lincoln Pennies from that era. These slight metallic differences are only visually noticeable among uncirculated pennies. These so-called “shell case pennies,” which are 95 percent copper, 5 percent zinc differ from the usual 95 percent copper, 5 percent tin and zinc composition used for most years of the Lincoln cent series. ![]() ![]() 1946 was the last year that Lincoln Wheat Penny coins were made from a metallic composition deriving from expired ammunition shell casings used during World War II. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |