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What are People Paying for Common Dt. Copper Cents? I don’t want to sell anything right now and have to do shipping and, yes, I will call local dealers. But I’m curious if there are any places around the country where perhaps there is more demand and the price is better…

I called 4 dealers in my general area (I’ll keep the location confidential) and found very little to no appetite for copper cents. One dealer wouldn’t even buy wheat cents for anything above face!

The most I was offered for wheaties was 2-2 1/2 cents each. Ouch!

Recyclersteve wrote:I called 4 dealers in my general area (I’ll keep the location confidential) and found very little to no appetite for copper cents. One dealer wouldn’t even buy wheat cents for anything above face!

The most I was offered for wheaties was 2-2 1/2 cents each. Ouch!

Out of curiosity, I called the largest shop in my area.

They won't buy bulk wheats right now (they said they currently use wheats to give customer's change). They also aren't buying any sovereign silver, other than Eagles. They are currently selling 90% at spot (no premium), and most sovereigns at $1 over spot.

I'm guessing shops might be getting flooded with people selling, and not much in the way of people buying.

No one wants pennies anymore

wheeler_dealer wrote:I called a local dealer yesterday who told me he will only buy $10.00 face at a time at 34 times face. I would imagine there's more sellers than buyers at this price point. Im hearing the price is being driven by overseas buying.

I think you’re talking about silver. This thread is about copper.

I corrected it. Thanks

wheeler_dealer wrote:No one wants pennies anymore

Not entirely true. I sell wheat PENNIES on a regular basis. And I assure you that these people are not buying them for the copper content.

The great Yogi Berra once said, “Nobody goes to that restaurant anymore. It’s too crowded .”