Copper

Unread post by **mimi** » 22 Jan 2015, 19:32

I understand, that the value of the copper in pennies is worth more than actual pennies.....but where do you go to unload these things ? Anybody know ?

Unread post by **evs** » 22 Jan 2015, 19:40

Ha! Good question. There must be a place where those people who collect copper wiring go to sell their prey.

Happy Thursday meems!!:)

Unread post by **mimi** » 22 Jan 2015, 19:49

Happy Thursday, evs. =))))

I've been trying to unload a suitcase of coin for the last couple years...now weighing in at about three thousand dollars. BANKS WON'T TAKE THEM. wth ?

Unread post by **kiebers** » 22 Jan 2015, 19:51

Thing is you would need to check with the scrap companies and see if you get true scrap value. While they are discontinuing the penny it is illegal to melt them down. It is still legal tender.

Unread post by **mimi** » 22 Jan 2015, 19:53

kiebers wrote:Thing is you would need to check with the scrap companies and see if you get true scrap value. While they are discontinuing the penny it is illegal to melt them down. It is still legal tender.

But if it's still legal tender (and I agree with you that it is) then why are the banks not obligated to accept it?

Unread post by **kiebers** » 22 Jan 2015, 19:54

mimi wrote:Happy Thursday, evs. =))))

I've been trying to unload a suitcase of coin for the last couple years...now weighing in at about three thousand dollars. BANKS WON'T TAKE THEM. wth ?

Contact the mint. If they are still legal tender you would think the banks cannot refuse them.

Unread post by **kiebers** » 22 Jan 2015, 19:57

mimi wrote:
kiebers wrote:Thing is you would need to check with the scrap companies and see if you get true scrap value. While they are discontinuing the penny it is illegal to melt them down. It is still legal tender.
But if it's still legal tender (and I agree with you that it is) then why are the banks not obligated to accept it?

Check into the laws. You are right they should not be able to refuse them. Check with a coin dealer if you think there are some older coins that may have worth and maybe they will give you face value for them.

Unread post by **mimi** » 22 Jan 2015, 19:58

I've called every bank around my area....no luck.

I thought I had a stroke of genius last night....but that was a fail too. I thought I'd go to our local casino.....feed in a whack of coin....print out the chit and go to the cash cage and check out.

No more coin slot machines EITHER !

Unread post by **kiebers** » 22 Jan 2015, 20:11

Call coinstar and see if they take them. They do charge a percentage but.....

Unread post by **J0E** » 22 Jan 2015, 20:11

mimi wrote:I've called every bank around my area....no luck.

I thought I had a stroke of genius last night....but that was a fail too. I thought I'd go to our local casino.....feed in a whack of coin....print out the chit and go to the cash cage and check out. No more coin slot machines EITHER !

You could always start a penny collection.

Unread post by **J0E** » 22 Jan 2015, 20:15

The Original Canadian Large Cent is perhaps one of the most beautiful coins ever minted.

They were commonly used as pendants at one time:

if you can find them in nice condition they can be quite valuable.

https://www.jandm.com/script/getitem.asp?CID=3&PID=76

Unread post by **mimi** » 22 Jan 2015, 20:21

J0E wrote:
mimi wrote:I've called every bank around my area....no luck.

I thought I had a stroke of genius last night....but that was a fail too. I thought I'd go to our local casino.....feed in a whack of coin....print out the chit and go to the cash cage and check out. No more coin slot machines EITHER !
You could always start a penny collection.

No Joe....see....I'm trying to get RID of the 'penny collection'.

Unread post by **J0E** » 22 Jan 2015, 20:24

mimi wrote:
J0E wrote: You could always start a penny collection.
No Joe....see....I'm trying to get RID of the 'penny collection'.

Well-I'd like to start a penny collection of the old vintage dates.

Y'know what they say, what is one man's/woman's trash is another's treasure.

Unread post by **mimi** » 22 Jan 2015, 20:24

kiebers wrote:Call coinstar and see if they take them. They do charge a percentage but.....

No coin counters in our area either. There is one in a town nearby-ish....but they take 10%.
Call me a cheapskate....but I'm not giving some machine three hundred bucks to count coins I have already counted and rolled.

Unread post by **mimi** » 22 Jan 2015, 20:25

J0E wrote:
mimi wrote: No Joe....see....I'm trying to get RID of the 'penny collection'.
Well-I'd like to start a penny collection of the old vintage dates.

Y'know what they say, what is one man's/woman's trash is another's treasure.

That's very helpful information. Well....not really....but thank you, Joe.

Unread post by **J0E** » 22 Jan 2015, 20:27

Old Canadian coins were quite beautiful, imho.

Far superior in quality to American, even tho the latter are appraised at much more.

Canadian coins stand for quality, and relatively speaking counterfeiting is rare.

You can always expect quality with a Canadian coin.

Unread post by **J0E** » 22 Jan 2015, 20:31

A thing of great beauty:

Unread post by **mimi** » 22 Jan 2015, 20:36

J0E wrote:A thing of great beauty:

Until you have a suitcase full. Then they are just space sucking deadweight.
All potentially valuable coins and coins of a certain vintage have been removed before rolling. The rest....I just want out of here. Nickels, dimes, quarters...loonie and toonies....what to do. It's a ridiculous situation.

Unread post by **J0E** » 22 Jan 2015, 20:59

mimi wrote: Until you have a suitcase full. Then they are just space sucking deadweight.
All potentially valuable coins and coins of a certain vintage have been removed before rolling. The rest....I just want out of here. Nickels, dimes, quarters...loonie and toonies....what to do. It's a ridiculous situation.

well mimi, this website says you can still redeem the pennies:

http://www.mint.ca/store/mint/about-the ... rs-6900004

Where can I bring my pennies for redemption?

Canadians may redeem their pennies at their financial institution. Financial institutions may require that pennies be properly rolled. Canadians may also consider donating them to charities.

Are financial institutions required to accept my pennies?

Canadians can continue to deposit pennies at their financial institution. Some financial institutions may require large amounts of pennies to be rolled or wrapped for deposit. Canadians should consult their financial institution in advance to determine how best to make deposits.

Unread post by **mimi** » 22 Jan 2015, 21:04

Yes...thank you, Joe. I know that's what they SAY....but if you go to a bank...at least in my area...they don't want anything to do with them. That's the whole point of the thread.

Unread post by **J0E** » 22 Jan 2015, 21:06

mimi wrote:Yes...thank you, Joe. I know that's what they SAY....but if you go to a bank...at least in my area...they don't want anything to do with them. That's the whole point of the thread.

well, i could take them off your hands if you'd like.

Unread post by **mimi** » 22 Jan 2015, 21:07

Not likely, Joe.

Unread post by **J0E** » 22 Jan 2015, 21:17

mimi wrote:Not likely, Joe.

well since you don't know what to do with the pennies....oughta leave it to an expert.

Unread post by **mimi** » 22 Jan 2015, 21:28

I'm not looking for an expert. Just a bank that will accept legal tender....or a metal collector.

Unread post by **J0E** » 22 Jan 2015, 21:33

mimi wrote:I'm not looking for an expert. Just a bank that will accept legal tender.

geez, this is like every other 'ask for help' thread you ever started mimi

You go on and on, seeking answers from us, never taking the advice, then you go on an on some more seeking the answers from people who've already found the solution but either you don't admit it, or else you cant grasp what many others already knew all along.

oh well, such is life.

some people in this world either know or find the answers right away, but others search and search and search and never find the answers which are starin' at 'em in the face,eh?

Unread post by **J0E** » 22 Jan 2015, 21:39

anyways, copper used ta have a lotta vallue.

Here's what kind of purchasing power a penny used to give you:

Unread post by **mimi** » 22 Jan 2015, 21:40

What was your solution, Joe?

You haven't given an answer.

Unread post by **mimi** » 22 Jan 2015, 21:42

Posting pictures of pennies isn't an answer, Joe. I KNOW what they look like. WHERE CAN YOU TAKE THEM ? THAT IS THE QUESTION. WHAT IS YOUR ANSWER ? .

Unread post by **J0E** » 22 Jan 2015, 21:45

I already told you.

You can either take or leave the information.

Unread post by **mimi** » 22 Jan 2015, 21:48

Make them into a nice pendant ? Frame a nice pic of what a penny used to buy ?
Your 'advice' doesn't answer my question.

memeBee #van4um

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