Penny Nickel Composition Change Findings

Penny Nickel Composition Change Findings


 

 
Pennies

The Coin Modernization Act of 2010 has officially announced their findings. So what is the answer?

‘We need more time.’

No news is the absolute best news as it means that we all have a lot more time to capitalize on pennies and nickels before the Government takes them in themselves.

Most intriguing is the part on the one-cent coin:

 

“At Present, changes to the metals formulation of the one-cent coin would not yield significant cost improvements over the current formulation because the current market price of zinc is competitive with the prices of the credible alternatives, steel and aluminum.”
 
 

What solution does this leave? Elimination of the one-cent as the only viable solution.

Buy pennies and buy nickels while you can. If supply drops to zero from a coin denomination elimination, whether you’re a bullion investor or a numismatic coin collector, prices inevitably must go up.

 

Read the Official US Mint News Page for the Coin Modernization Act of 2010 Findings: Official US Mint News Page for the Coin Modernization Act of 2010 Findings
 

Read the Official Government PDF file for the Coin Modernization Act of 2010 Findings: Coin Modernization Act 2010 Report and Findings

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Coin Modernization Act 2010 Reports 2012

Coin Modernization Act 2010 Reports 2012


 

 
Pennies
A friendly reminder that the Coin Modernization Act 2010 is to report its findings mid-December 2012. That means, any day now, we could get the update on whether the penny is being eliminated or having a metal composition change. This also goes for the nickel being eliminated or having a change in metal composition.

Most likely, any change in metal composition would be a change to steel. Right now, pennies are made of 97.5% zinc and 2.5% copper. Nickels are 75% copper and 25% nickel. Each costs more than twice its face value to mint.


The Coin Modernization Act of 2010 itself was passed on December 14th, 2010 and was enacted to:
 
 

‘provide research and development authority for alternative coinage materials to the Secretary of the Treasury, increase congressional oversight over coin production, and ensure the continuity of certain numismatic items’”

 
 

Since its inception, there are many rumors floating around of trials of new compositions for both the penny and nickel, particularly steel. Taking a look at Canada, one can see the penny was made of steel in Canada by the Royal Canadian Mint, and actually eliminated as of this year, 2012.

The Canadian nickel is currently made of a metal composition of 94.5% steel, 3.5% copper, and 2% nickel plating coming in at a weight of 3.95 grams.

So what happens next? Only time will tell. But one thing is certain.

History repeats. The price to buy pennies sky rocketed as soon as the announcement of the Canadian penny elimination came out. Will it happen again in the United States? Perhaps the impending “fiscal cliff” talks will push the change or elimination of the penny and nickel right over the edge. After all, the cost to make the penny is 2.41 cents.

Hindsight may be 20 – 20. But we can all conclude that buying pennies and nickels now creates huge potential gains for you with their respective face value to fall back on.

Buy pennies and buy nickels while you can. If supply drops to zero from a coin denomination elimination, whether you’re a bullion investor or a numismatic coin collector, prices inevitably must go up.

 

Read the Official Government PDF file for the Coin Modernization Act of 2010: Coin Modernization Act 2010

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Why do People Buy Newer Zinc Pennies?

Why do People Buy Newer Zinc Pennies?


 

Zinc Pennies
What’s so special about these coin bags full of newer zinc pennies? It’s about perspective and experience. To some, these are worthless trinkets because of their metal zinc content. Sort out the older coins and deposit these for face value.

But is this an accurate assessment? To a Lincoln Cent Collector, the adage of trash to treasure is a close to home truth. While the bullion investors avoid these pennies considering them one-cent trash, the collector finds all sorts of intriguing numismatic value.

Why do these newer pennies have such great possibilities? The newer the coin, the less hands have touched it, the fewer eyes that analyzed it, and greater possibility that the rarer pennies are out there to be found. Not only that, but newer pennies have a greater chance to be plucked from circulation at near pristine, if not mint state, condition.

So while some look only for older dates, Lincoln Wheat Cents, and copper bullion, there are many out there with the commendable experience to analyze and pick out the valuable little Lincoln treasures that others merely toss about as one cent coins.

Take the time to learn about these little one-cent treasures before they disappear into the abyss of inflation.

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1943 Penny

1943 Penny

 

1943 Steel Penny


 
 

This is the 1943 penny you will see. The steel penny of 1943 is made primarily out of steel with a zinc coating. But why was steel used this year? The answer is unfortunate: War.

During World War II, copper was in such demand for tank shells and ammunition that pennies were made of steel this year. But this is not why most people search for information on the 1943 penny. The real find is actually copper 1943 pennies.

According to the ANA (American Numismatic Association), there are 40 known 1943 copper alloy pennies in existence. Speculation is these exist due to left over copper blanks still in the minting machinery.

Copper pennies are worth more in metal value than their face value and are worth collecting in large amounts for investing in copper pennies. See what people are paying for copper pennies.


But this particular penny is so elusive it trades much higher in value due to its coin collector value. Think you have a 1943 copper penny? The best first test is with a magnet. If it sticks to the magnet, it’s probably a counterfeit as it is most likely made of steel. Be careful not to risk causing damage to your coin if you think it is a legit copy. Even the slightest “ding” can reduce value.

Another very highly sought after penny is known as the “1909 VDB” penny which, if it came from the San Francisco mint, is even more of a treasured prize.

Read more: 1909 VDB Lincoln Cent Wheat Penny

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How Much Copper is in a Penny

How Much Copper is in a Penny

 

copper content penny


 
 

The amount of copper in a penny depends on the year the penny was made or minted. The most common pennies you will find are what are commonly called zinc pennies. These pennies are dated mid 1982 and newer and comprise of 97.5% zinc and 2.5% copper. Pennies dated mid 1982 and older are known as copper pennies and contain 95% copper and 5% zinc. Note that pennies dated 1909 to 1958 are known as wheat cents and may contain a very small amount of tin (less than 1%).

Copper pennies are worth more in metal value than their face value and are worth collecting in large amounts for investing in copper pennies. See what people are paying for copper pennies.

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Dimes And Silver Dimes in Penny Bags

Dimes and Silver Dimes in Penny Bags


 

dimes penny bags

dimes penny bags

 
 

Time and time again, we get very confused. Dimes in penny bags happens. A lot. Don’t get us wrong. We love it. After all, the newest record is officially:
 
 

3 nickels
241 dimes
1 silver dime

 
 

Yes. That’s right. A $50 penny bag had $24.10 in dimes and a silver dime. That sounds like a good rate of return on ones investment. Of course this does not happen often. But it’s something worth noting that it does happen quite often.

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Dimes in Penny Bags

Dimes in Penny Bags


 

penny bags

 
 

Pennies come in penny bags. This may seem obvious. But did you know there are plenty of other things in penny bags too? Dimes are the biggest culprit. Nickels, quarters, and euro are common as well. Not to mention the couple times we found teller keys in the penny bags (whoops).

In sealed penny bags from a bank, the amount of dimes can be quite intriguing! In a quality control check today of one individual bag of pennies, there were 68 dimes, 3 quarters, 5 nickels, and 1 silver dime. That’s pretty good for one $50 bag of pennies.

***UPDATE***

01/25/2012:

Best record of dimes: 131 dimes, 1 silver dime, 4 quarters, and 1 nickel all in one penny bag!

***UPDATE***


Of course, not every penny bag will have dimes. Though from our experience, quite a lot of them do. Some may ask, “Why do penny bags have dimes in them?” I’d advise the best solution is to look for yourself. Go grab a dime and a penny. Put them directly on top of each other. Notice the very similar circumference? A lot of coin counting machines accidentally throw those dimes right in there with the pennies. Unfortunately for the customer of the coin counter, their dime gets counted as a penny, creating a nine cent loss. And though that’s a whole different issue, it answers why dimes end up in those penny bags for you and us to find.

Want to get sealed and unsearched penny bags from our bank that could contain dimes and other rare coins? Of course we can’t guarantee what you’ll find. After all, they are unsearched and sealed penny bags. But we can vouch for having found great coins in the past, and fully expect to continue to find even better coins. It’s all about luck and numbers. How’s your luck lately? Want to give it a try? Buy sealed penny bags today.

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Sealed Penny Boxes Versus Bags

Sealed Penny Boxes Versus Sealed Penny Bags

 

Penny Bags


 
 

Investing in $25 penny boxes

 

Pennies are fun. The copper ones from 1982 and pre 1982 are worth more than their face value (copper pennies are 95% copper and 5% zinc). This makes the copper penny worth more than twice its face value due to its metal value (and expected to become three times more valuable than its face value in the near future).

There’s tons of great rare penny finds such as misprinted, double-died pennies, error marks, rare penny mint vintages, and more. You can buy $25 penny boxes directly from your bank branch. There are 50 penny rolls in that box, containing 50 cents each. Depending on where you live, the copper penny content may vary greatly compared to the zinc penny content (zinc pennies newer than 1982 are 97.5% zinc and 2.5% copper). Cracking open penny rolls can take a toll on your wrists, so do so with care and caution. Or more to the point, which makes more sense: Getting sealed penny boxes or sealed penny bags?

You may have to open a commercial account and potentially pay fees due to the nature of picking up large volumes of pennies from your bank. Many tellers will provide you with boxed pennies for free, but only when available or they have extra penny boxes. It never hurts to simply ask your teller for a box of pennies now and then. This is the cheapest way to get pennies (if you can get them free from the bank), though definitely not that most advantageous and time efficient way. And even though the pennies are free, your time is not, nor is gas money. So free is a relative term.

 
 

Penny Boxes versus penny bags

 
 

When hoarding copper pennies (collecting copper pennies in bulk) one needs to consider time management as a critical factor. Buying $100 in penny boxes from a bank means 200 rolls of pennies to open. Buying $1000 in penny boxes from a bank means 2000 penny rolls to open. How long does it take you to open a roll? Are you doing irreversible damage to your wrists? What could you be doing instead of opening rolls? This is why sealed penny bags are much more advantageous. No penny rolls, just penny sorting. Time is the critical factor here.

The fact of investing is doing the math. After all, copper pennies are investing in copper and finding rare pennies is also an investment. Investments require mathematical calculations to determine their validness. Here’s an example to determine whether you should buy penny boxes from the bank or buy sealed pennies from us:

Take the total number of pennies you want to buy for the week, month, or whatever appropriate time period that works for you. Now conservatively calculate how much time it takes you to acquire those pennies from your bank. If you don’t spend any extra time (meaning you only pick up pennies when you are already going to the bank) then this part may equal zero (the only factor then becomes if you don’t get pennies as quickly as you’d like. If you want pennies faster than you do now, you may need to incorporate that into this math equation as well). So this would mathematically look like:
 

X = Total time to get pennies

 

Now time yourself on how long it takes you to open those penny rolls. This includes however long you take breaks while opening rolls whether getting food, giving downtime for your wrists, toilet breaks, etc. Now the math looks like:
 

X = Total time to get pennies + Time to open all penny rolls

 

The next factor is harder to judge: Energy1 and Energy2. Energy1 is how much energy did you use picking up boxes lugging them around (aka how tired does that make you). This is a difficult factor to determine, so make your best guess. It is advised to determine this in the amount of rest time you need after engaging in the activity of picking up the pennies. Energy2 is how much energy do you have left after getting your pennies and opening all of the rolls? Is the rest of your day impacted? Are you able to now do your sorting or have you lost a considerable amount of time because you’ve used up all your energy just picking up and opening penny rolls? One most popular way to calculate Energy2 is that Energy2 = amount of rest time needed prior to getting more pennies, opening more rolls, or sorting pennies. The final equation then looks like:

 

X = Total time to get pennies + Time to open all penny rolls + Energy1 + Energy2

 
 

Opportunity Cost

 

So what does X equal? Now we can determine your opportunity cost. Opportunity cost is the value of best alternative choice in multiple choices when making a decision. We use opportunity cost all day long and never necessarily think about it in terms of breaking down value of choices. Time is valued in terms of money differently for every individual person. This helps make decisions on whether you should continue to pick up penny boxes or buy penny bags from us. Even if you can manage to pick up penny bags from banks, you still have to drive around, which has cost in money, time, and wear on your car. So which is effectively cheaper when weighing the different factors? Only you can decide.

 
 

Conclusions:
 

Do what makes sense for you and only you. If picking up pennies works for you, do it. If you have the energy to drive around picking up penny boxes or connections to get penny bags from your bank and that works for you, great! If not, consider alternatives. Teamwork is always a great thing and that’s what we strive to do. We want to team up with you to provide you the sealed pennies in bags you need. But only if you want the team effort to work for you. Our recommendation is to do the calculation on opportunity cost every now and then for yourself.

 
 

$50 Penny Bags

Add whatever other factors in your life to the equation that may pertain to you that we aren’t aware of. And remember, this is an investment. If the maths hows you should pick up locally, do it. If the math shows you should order sealed penny bags from us, do it. After all, maximizing investment return on pennies (read How to Make Money off of Copper Pennies) is the most important factor third to happiness and your health.

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Sealed Unsearched Penny Bags


Penny Bags

 


 

 

Sealed penny bags from banks are great ways to search for rare coins and also collect copper pennies while you sort through them. Save the hassle of begging banks to give you penny bags, or worst yet, cracking open penny rolls from penny boxes. Getting penny bags from banks to sort for rare pennies and copper cents is not always easy. If a bank has a coin counting machine, some branches will let you trade cash for their $50 penny bags. Talk to enough branches and you may Sealed Penny Bags


possibly be able to drive around picking up penny bags from different banks. Sure, you might get one or two penny bags per branch, but how long will it take you to get a serious supply of pennies? What if you have another penny sorter in your area dumping pennies at your pick up location? What if you get cut off?

The key is time management and opportunity cost. How much times does it take to get all of these penny bags? What could you be doing during that time? If you did not have to drive around picking up penny bags, could you get your penny sorting done faster? Maybe you can get the extra time to spend with your family rather than being your own bank penny route. It definitely takes a lot of time and energy driving from bank to bank. How much time is up to the individual person. But the key is figuring out the best way to use your time. And if you are picking up boxes of pennies, how long does it take to crack open those penny rolls? We offer a solution to save you time and wrist pain.

Buy sealed and unsearched penny bags straight from the bank to you without ever having to leave your house through us. Search for rare pennies and other rare coins in the sealed and unsearched penny bags. If you are local to the Northern Delaware area, contact us, and we can arrange the best possible method to have you pick up penny bags from us so you do not have to pay any shipping cost. Wouldn’t it be easier to have just one place to drive to and get as many penny bags as you want? Why do this solo when you can be part of the team. Get all the benefits and save the labor and sourcing to us.

Buy sealed penny bags from us so we can make your life easier and profitable.

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Posts Disclaimer | Copper Pennies

Posts Disclaimer


 
 

There are two major points we wish to make:
 

(1) Prosperity through peace, freedom, and knowledge. This is what our posts strive to achieve. Our goal is to educate and inform. You make the decisions on how you wish to interpret that information. In no way do we encourage any illegal, unlawful, violent acts that could endanger yourself, your loved ones, and others. There are many safe and peaceful ways to utilize the information we have put forth. Please exercise only those peaceful solutions. And above all, Think before you act, speak your mind, share your thoughts, and spread the word. If something doesn’t seem right, question it. Because it probably isn’t.
 
 

(2) We have, like you may have or are trying to get in this difficult economy, a job. What we do is run the business as described on this website. Our mission is quite simple: To redistribute wealth from the elitist rich to the general public in as fair pricing as possible while earning an income for ourselves. We could have started these posts on a separate website. So why didn’t we? We have no need or wish to hide. Ever heard of Standard & Poor’s (the S&P)? If you check out their website, you will see at the bottom of their page, “Copyright © 2011 Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.” In other words, the S&P, which is supposed to fairly grade everything from companies to countries, is actually owned by another company. Hiding self-interest behind self-interest of various private individuals is a shady business, in our opinion. We will have no part in that form of activity. After all, what’s wrong with being open about having a job and trying to make a little income? Therefore, the information we put forth is directly on the same website as our business, out in the open, so you can see exactly what we do fully, from our thoughts, to our mission, and our income source.

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Wheat Cents Unsearched

Wheat Cents Unsearched

Search through unsearched wheat cents to find rare coins. Test your luck with our wheat pennies sourced across the entire country today!

Read More: Unsearched Wheat Cents

Copper Nickel Investing

Copper Nickel Investing

Low-risk investing is wise for any long-term investor looking to have gains while preserving wealth. Nickels offer a great solution for low-risk tangible investing.

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Copper Penny Bullion

Copper Penny Bullion

Take advantage of copper penny investing before all copper pennies are sorted out of circulation and prices inevitably skyrocket.

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