1982: This was a transitional year. Early 1982 cents were made with 95% copper and 5% zinc (or tin and zinc), while later 1982 cents switched to a copper-plated zinc composition (97.5% zinc core with a 2.5% copper coating, resulting in approximately 2.5% copper overall). Both types were minted, and weight differences (3.11 grams for copper, 2.5 grams for copper-plated zinc) can distinguish them.
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The New Declaration of Independence
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Free PDF Download of The Great Taking
The New Declaration of Independence
AppalachianRenegade YouTube Channel
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7 responses to “The Penny Shortage Gets Worse”
Not wanting to be petty, I honestly thought the change occurred mid year 1980.
I meant to say that I went to a large branch of my bank this morning to withdraw all the cas from my monthly pay. Even at this larger branch which has more cash on hand the teller said they were trying to limit people to $5 in pennies.
Yesterday at Walmart I was leaving the store when I noticed a cashier counting pennies in a cash drawer. She only had pennies. I commented that it looked like a tedious task. Her reply surprised me. “They are recalling all the pennies.”. Then she repeated her statement. She did not say who “they” are. But if Walmart is the world’s largest retailer, is it the corporate HQ, or is it the US Treasury? Is Treasury paying WM, and other large retailers a premium for helping pull pennies out of circulation? IDK
Did I just start a conspiracy theory?
To understand what is happening, you have to think about the concept of value. How valuable is a pre-1982 penny because of the copper content? How valuable is a pre-2004 nickel because of the cupro-nickel content? Keep in mind, nickel, copper, and especially silver have very relevant industrial uses which control their spot prices on a daily basis.
Yes. I know you cannot eat them or wear them, but the time is fast approaching when Amerika will go full Weimar. Commodities such as these metals along with other needful things will end up being currency. Plan accordingly. Bleib ubrig.
My “money” is on the nickel. I asked Franklin Sanders years ago his thoughts on stacking pennies and he said “not much.”
First the government/ FED thieves came for the gold and silver certificates, then the thieves came for the silver coins, finally the bastards came for the copper, robbing the American people once again.
Stack pre-1982 pennies. The have value for their copper content alone.
I just went through my change jar, and found a surprising number of pre-1983 pennies in it. I rolled all that were post 1982 and will deposit them (or trade them to any willing store for a few dollars in ones to spend on small everyday purchases). Until just now, nearly no one has paid attention to picking out the all copper pennies that have remained in circulation. I suppose they will disappear rapidly now, with stories like this breaking.
I could melt the all copper ones into an ingot, but that takes energy and time, so isn’t really a sensible thing to do. And other than the Giant Eagle, who is going to offer more than face value for pennies at this point? Especially when all copper pennies are worth something more than three times their face value? Scrap metal processors won’t take coins and pay out at scrap value, so one would almost have to melt them down first.
Retailers will adapt to there being no pennies by rounding simple as that. Which means eventually the non-copper pennies will be truly worthless as they won’t be accepted as a form of payment. I’d say it’s best to get rid of those now ahead of the phase out, and just keep whatever all copper ones you may find.
I have some antique pennies as well, maybe a coin dealer will be interested in them. I might keep a few for purely sentimental reasons.