Solutions To The Copper Hoarder’s 1982 Penny Problem

Copper pennies have recently become the new “precious” metal, worth a whopping 2 cents per coin. It’s nothing like the high value of gold, nor the lower value of silver, but copper has many desperate investors turn to the lowly penny for potentially huge future profits. But what the copper penny collector finds frustrating is that the last cent made of copper was minted in 1982, and many others were minted with zinc the same year.

Among the 18 billion pennies minted in 1982, copper and zinc cents are still the largest number of cents in circulation. So, how does a copper penny collector tell if a 1982 cent is made of copper or zinc?

As an experienced coin sorter, I usually open a roll of pennies and begin examining the dates. Lincoln/Memorial pennies minted from 1909-1982 are made of copper; the ones minted in 1983 to now are made of zinc. When I pick out the pennies made in 1982, I’ve tried to test them by dropping one on a table to hear the sound they make when they hit the surface. Since copper pennies weigh more and are denser than the zinc ones, they make a lower metallic “thud.” When a zinc penny is dropped, the sound it makes is a lighter pitch. However, I have yet to tell a difference between the sounds a copper and a zinc make after dropping them on a hard surface.

A few solutions are available that will accurately determine the content. If you have a jewelry scale, you can easily weigh them. Each copper cent weighs about 3.11 grams while one zinc weighs 2.5 grams. I would use a simple copper penny sorting machine to do the job. If you’re not pressed for time, the “E-Z Copper Penny Sorter” is a small device that allows the user to insert a few pennies at a time. The copper ones are dropped from the right opening while the zincs fall from the left. These sorters sell on eBay for $25 to $60, depending on the seller. If you buy lots of boxed rolls of pennies each week for $25 each, you may need a bigger machine that lets you load 18,000 pennies per hour. The Ryedale Apprentice Penny Sorter is the best and biggest known separator, but it costs a hefty $500.

Nothing in copper penny collecting or hoarding is more frustrating than determining if 1982 pennies are made of copper or zinc. Testing for composition by dropping them and hearing a difference in tone doesn’t determine which one is which. Using a small jewelry scale will indicate the different weights in grams. To sort pennies more easily, you need a small “E-Z” or a large Ryedale Copper sorter to get the job done. Until you buy one of these gadgets, I would simply keep those 1982 pennies separated by putting them in a jar or box. Whatever device you choose, your 1982 pennies can be accurately sorted.

Top Ways Traders Lose Money

Did you know that 1 out of 10 traders loses money in the financial markets when trading?

Despite the damning statistics and the inherent uncertainty in the outcomes of trading, traders continue to take the risk and invest their money with the hopes of getting a return.

Experienced traders and stakeholders have highlighted several ways in which traders lose money. From this information, we have selected top ways traders fail that can assist you to avoid making the same mistakes.

Trading to learn

Most traders who have sustained losses from their trading experience acknowledge that they started trading without receiving any formal training from a professional. Armed with only the basic information about markets, some people invest and start trading hoping, ignorantly, that luck will be on their side. Instead of learning how to trade, these investors begin trading to learn how the markets work. This reversed prioritization of events leads to insurmountable losses, making it harder for the trader to ever recoup the lost money.

Risk management

Understanding the risk level of a trade and the risk category that investments are placed is the first step to avoiding losing money when trading. Conducting a risk assessment of the investment opportunities in the market enables a trader to determine the leverage that they hold against the investment and whether it is worth placing a wager using the leverage. Without a risk assessment, a trader may place a wager on a portfolio that has a high-risk premium and ends up losing the leverage among other losses.

Money management

Lack of money management skills, traders hold on their stakes for either too long or release them too fast. Therefore, despite making a profit from a transaction, the trader ends up losing money.

Transaction costs

Like any other investment, trading has its operational costs that have to be factored when generating a profit and loss statement. A trader may lose money despite having a positive return in a trading period based on the costs incurred over the period. The adjusted transaction costs deducted include taxes, commissions, and utility bills, among other resources including time spent trading and conducting other activities related to the trade.

Tools of the trade

Markets are time sensitive and data-intensive platforms. Traders who have appropriate data at the right time are more likely to win than the others in the same market. Lack of tools for efficient data analysis and communication causes some traders to make trade decisions ex-post. For example, having a slow internet may hamper the trader’s efficiency and hence a trader will make decisions using delayed data feed.


Lastly, traders lose money because they lack a trading strategy or if they have one, they deviate from the plan. For example, a trader without a diversified portfolio is likely to lose money because of lack of risk spreading. Consequently, trading without a limit order or a take-profit order exposes the trader’s positions to further risk of losing money with the hopes of a ‘miracle’ at any time.

So how do I avoid losing money?

With the basic information on how traders lose money, it is paramount that you understand the best way to avoid these predicaments by learning how to become a successful investor.

Chris Bouchard is a strategic consultant who works with non-profit leaders and social entrepreneurs to apply concepts and techniques to identify complex strategic issues, find practical solutions, and devise strategies to create and win a unique strategic position. He also offers project development, proposal writing, and project evaluation services.

As Technology Advances at a Feverish Pace, Safety Products Are Required

One of the many goals when crypto currency (CC) was first invented was to establish a secure digital system of transaction. The technology used was Blockchain, and still is. Blockchain systems were designed to be impervious to problems often found with online financial systems using older technology – - problems such as account hacking, counterfeit payment authentications, and web site phishing scams.

Blockchain itself runs on peer-to-peer global record-keeping networks (distributed ledgers) that are secure, cheap, and reliable. Transaction records all around the world are stored on blockchain networks, and because these records are spread out over the whole community of users, the data is inherently resistant to modification. No single piece of data can be altered without the alteration of all other blocks in the network, which would require the collusion of the majority of the entire network – - millions of watchdogs. BUT – what if a website looks like it is providing you a gateway to a legitimate crypto coin exchange or crypto wallet product, but is really a website designed to trick you into divulging information? You don’t have the security of Blockchain at all – you just have another phishing scam, and there is a need to be protected from all this.

MetaCert is a company that says it is dedicated to keeping internet users safe, and its main security product can be used to protect enterprises from a range of malicious threats, and now they have a product designed to keep CC enthusiasts safe. This new product is called “Cryptonite” and it is designed to be installed as a browser add-on. Current browsers rely on SSL certificates that show users a small padlock in the browser address bar. Users have been told for years that SSL Certificates assure you that a website is authentic – not so fast – phishing sites use SSL Certificates too, so users can be fooled into thinking a website is legitimate when it is not. Once added to your web browser Cryptonite will show a shield next to the address bar. This shield will turn from black to green if a website is deemed to be “safe”. MetaCert says they have the world’s most advanced threat intelligence system with the world’s largest databases of classified URL’s for security.

Staying safe is always a good thing, but more safety products may be needed in future as technology marches forward, at an ever increasing pace. On the horizon is Quantum Computing (QC), which is showing great promise. QC is touted by many to be one of the biggest technological revolutions of the modern era. By harnessing the power of quantum mechanics, QC machines will be able to take on much more complex tasks, and to achieve speeds previously unattainable. Traditional computers are based on a binary model, using a system of switches that can be either on or off, represented with a 1 or a 0. QC’s are different in that their switches can be in both the on and off positions at the same time, which are called ‘superpositions.’ This ability to be in two simultaneous states is what makes QC’s so much faster. Google announced over two years ago that the quantum prototype they possess was 100 million times faster than any other computer in their lab. The development of this technology is pushing ahead at an increasingly fast rate. The first marketed quantum computer was produced in 2011 by the California based company D-Wave. D-Wave’s machine was equipped with a processor that contained 16 quantum computing units, called QUBITS. Since then, industry leaders like IBM and Microsoft have announced their own quantum programs. This trend will lead to an exponential scaling up of the number of QUBITS these new machines can handle over the next several years. While quantum computing holds the potential for significant advancements in many spheres, and for providing innovative solutions to some of the most complex problems, it will surely generate a need for improved security, as these machines will also have the power to assist hackers with their dastardly deeds. Protection and security will always be needed in the crypto currency space, same as with all other on-line spaces.