![]() 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. ![]() Finally, in 1982, the coin would evolve into its modern form of only 5. 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. In 1864, after the Civil War, the design changed again with a 95 copper 5 zinc make-up. 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. From 1937 to 1857 the cent was made of bronze (95 percent copper, and five percent tin and zinc). ![]() The Mint offers a brief chronology on the shift in composition over time. Henry even has a $500 home counting machine to separate out the copper ones. Mint, the metal composition of the cent, also known as a penny, was pure copper from 1793 until 1837. "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. The copper-plated zinc cent coins are still being produced today. 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. What was the last year of copper pennies The last mostly-copper cents (95 copper metal composition) were produced by the Denver Mint on Octo. 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. Most doctors may have heard of it but don't know an awful lot about it and so many times it goes misdiagnosed.Dec. I have a rare genetic lung disase called Alpha-1 Antitrypsin Deficiency (Type ZZ) that most people have not even heard about. I love to do cross stitch, paint, scrapbook, and rubber stamping. I now have 123 varieties and they all have names. Hosta is my favorite plant, the only plant I own. If it sticks to the magnet, it is not copper. The easiest way to determine if a 1943 cent is made of steel, and not copper, is to use a magnet. Government halted the minting of copper-coated bronze coins switching to steel instead. Our oldest granddaughter blessed us with our first great granddaughter and soon to be great grandson.? She is the cutest little one.? I love them all. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies. Today, pennies are made from copper-coated zinc. My oldest grandson, who is now 25 my youngest grandson, age 20 my youngest granddaughter is in seventh-grade. I homeschooled my oldest granddaughter up to a senior in high school. John 3:3 Psalm 91 We are born-again Christians and love the Lord Jesus Christ with all our being.? We attend a small Christian and Missionary Alliance church in our town.? family consists of my husband who was a microbiologist but is now retired, two children (daughter and son), four grandchildren, and soon to be two great grandchildren, a girl and a boy.
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