But youre missing the copper and nickel content in the quarters,dimes,nickels and pre1982 pennies.The face value might be worthless but the metal itself wont be.
But the main reason im saving it is incase i need money for something but dont want to use my paper. Change gets tossed in a bucket and forgotten about till the bucket is full. If i find a "toy" i want to buy,i can use the change instead of my bill money.
Jokingly i asked my bullion dealer if hed take rolled coins. He said he would take all the rolls i got.almost shit himself when i said i had about 700 dollars worth.
Its taken me about 6 months to save up 700 dollars worth of change.
Well, I have saved my nickels over the years and have about 6 or 7 pounds of the stuff. They seem to be the only current US coinage that has any usable metal (nickel) in them. Other coins I regularly take to my bank, which has a coin counter, and they write me a check for it. Like you, I use the check to buy (ahem!) more pew-pews or tactical gear. Pennies, not so much, I can't check through every penny for the dates so they go into the coin jar to be redeemed.
Pennies are kinda easy to sort. Most times you can tell just by the color. The copper ones will be a dark brown color. Or toss them on a scale.2.5 grams for the fake 1982-present zinc.3 grams for pre 82 copper.
The 1982 pennies have to be wieghed. 82 was the change over year.some are copper some are zinc.
I'd have to consider the economics of it. Quarters and dimes are, as you say, mostly copper, BUT there are costs associated with extracting the copper from these coins. If the cost to extract is more than the value of the actual copper, no smelter or dealer would want them.
It's sort of like silver plate flatware. Sure there is a modicum of silver in them, but it costs more to extract the silver than the spot price of the actual silver content; therefore, no one wants silver plate.
So I will continue hoarding the nickels, as nickel does have some industrial value. Still not sold on the dimes, quarters and pennies.
Coins can be good, there are some that the value by far out weigh the face or metal value. Been saving some of them all my life and you would be surprised what gets circulated around by people who don't pay attention. It is rare, but I seem to find collectables passed to me a few times a year.
I dont really look for errors or anything. I pick out any silver if it shows up. I do look for the blind bats,some of those go for a couple hundred bucks. I have 1. I also look for the W mint quarters.
But youre missing the copper and nickel content in the quarters,dimes,nickels and pre1982 pennies.The face value might be worthless but the metal itself wont be.
But the main reason im saving it is incase i need money for something but dont want to use my paper. Change gets tossed in a bucket and forgotten about till the bucket is full. If i find a "toy" i want to buy,i can use the change instead of my bill money.
Jokingly i asked my bullion dealer if hed take rolled coins. He said he would take all the rolls i got.almost shit himself when i said i had about 700 dollars worth.
Its taken me about 6 months to save up 700 dollars worth of change.
Well, I have saved my nickels over the years and have about 6 or 7 pounds of the stuff. They seem to be the only current US coinage that has any usable metal (nickel) in them. Other coins I regularly take to my bank, which has a coin counter, and they write me a check for it. Like you, I use the check to buy (ahem!) more pew-pews or tactical gear. Pennies, not so much, I can't check through every penny for the dates so they go into the coin jar to be redeemed.
Quarters and dimes are mostly copper.
Pennies are kinda easy to sort. Most times you can tell just by the color. The copper ones will be a dark brown color. Or toss them on a scale.2.5 grams for the fake 1982-present zinc.3 grams for pre 82 copper.
The 1982 pennies have to be wieghed. 82 was the change over year.some are copper some are zinc.
I'd have to consider the economics of it. Quarters and dimes are, as you say, mostly copper, BUT there are costs associated with extracting the copper from these coins. If the cost to extract is more than the value of the actual copper, no smelter or dealer would want them.
It's sort of like silver plate flatware. Sure there is a modicum of silver in them, but it costs more to extract the silver than the spot price of the actual silver content; therefore, no one wants silver plate.
So I will continue hoarding the nickels, as nickel does have some industrial value. Still not sold on the dimes, quarters and pennies.
Coins can be good, there are some that the value by far out weigh the face or metal value. Been saving some of them all my life and you would be surprised what gets circulated around by people who don't pay attention. It is rare, but I seem to find collectables passed to me a few times a year.
I dont really look for errors or anything. I pick out any silver if it shows up. I do look for the blind bats,some of those go for a couple hundred bucks. I have 1. I also look for the W mint quarters.
Years ago on separate occasions, I found some Kennedy half’s with errors. Still holding.