Where To Sell Canadian Copper Pennies

It contains about 2 95 grams of copper and there are 453 59 grams in a pound.

Where to sell canadian copper pennies.

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. The copper and zinc in a penny. The canadian penny shrank for the second time after confederation in the year 1980 to 2 8 grams. But sometimes tin and zinc making them high grade brass or semi bronze.

These copper pennies are universally recognized and accepted making them ideal for barter and trade. These copper pennies are just like the u s. Pennies minted prior to 1983 at prices very close to melt value. 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.

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. First they are only 95 copper. A pre 1982 penny consists of 95 copper and 5 zinc. Money metals exchange is pleased to offer copper u s.

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 price of copper on dec. Keep canadian copper pennies keep your canadian pennies. Pennies minted before 1982 are comprised of nearly 95 copper.

However this weight was only temporary. The very low premium to melt value makes them an excellent investment vehicle for copper. They are alloyed with sometimes just zinc. You ll need about 151 pre 1982 pennies to make a pound of copper.

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. Aside from their weight of 2 8 grams they too have a copper content of 98. In this particular case canadian copper pennies. Not being pure copper and being several possible copper alloys causes them to be worth significantly.

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. The decision is ultimately up to you. Canadian pennies minted in the years 1980 and 1981 should make up the second group in your hoard of canadian copper pennies.