copper prices are so high. can i sell pennies to scrap companies for more than what the pennies are worth?

Answer 1

The answer is no and here is why.

The Composition of the Cent

Following is a brief chronology of the metal composition of the cent coin (penny):

* The composition was pure copper from 1793 to 1837.
* From 1837 to 1857, the cent was made of bronze (95 percent copper, and five percent tin and zinc).
* From 1857, the cent was 88 percent copper and 12 percent nickel, giving the coin a whitish appearance.
* The cent was again bronze (95 percent copper, and five percent tin and zinc) from 1864 to 1962.
(Note: In 1943, the coin's composition was changed to zinc-coated steel. This change was only for the year 1943 and was due to the critical use of copper for the war effort. However, a limited number of copper pennies were minted that year. You can read more about the rare, collectible 1943 copper penny in "What's So Special about the 1943 Copper Penny.")
* In 1962, the cent's tin content, which was quite small, was removed. That made the metal composition of the cent 95 percent copper and 5 percent zinc.
* The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc). Cents of both compositions appeared in that year.

So unless you find very old pennies the total composition of copper is very low.

Answer 2

I do not know which country you are from, but it is an offence to sell coins for businss and profit. If the cost of the copper exceeds the face value of the coin they will stop minting it and change it to some cheaper alloy.

Answer 3

I doubt it - it's illegal.