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Archraz
Pillar Of The Community
2091 Posts |
 Posted 03/17/2010 12:50 pm
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Poll Question:
At present I have about $200 worth of copper LMC's and they are just taking up a lot of space. I know that it is illegal to melt them right now, and this is why dealers are not treating them as small copper bullion coins. Since it is most likely that the bill will pass in 2012 which will prolong this ban on melting, is it really worth holding onto such a bulk of common pennies? It has just occurred to me that using the $200 to buy a nice, rare coin could ultimately be more satisfying and take up much less space.
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AMFCook
Valued Member
United States
312 Posts |
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Scooby Due
Pillar Of The Community
United States
1674 Posts |
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eaglefoot
Pillar Of The Community
USA
5030 Posts |
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afcop13
Pillar Of The Community
United States
1036 Posts |
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jbuck
Moderator
USA
7119 Posts |
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Archraz
Pillar Of The Community
2091 Posts |
Posted 03/17/2010 2:30 pm
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Scooby Due- Oh, well I have 8 $25 Brinks boxes full of rolled copper cents.
I just can't help but think of all the nice $200 coins out there that would be so much easier to store and would probably be interpreted as more impressive (and sane) by non-collectors than the hoard.
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Jim1953
Pillar Of The Community
USA
2487 Posts |
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Archraz
Pillar Of The Community
2091 Posts |
Posted 03/17/2010 2:52 pm
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Jim1953- Very true! By allowing the melting of pre-1982 cents they would then be opening the door to the possibility of people melting more recent coinage. This problem has plagued many other countries, such as India where Rupee coins were taken out of circulation and melted in order to make razor blades. By contrast, is it not legal to melt pre 1965-silver US coinage? So this does argue that there can be differentiation under the law regarding melting of US coinage.
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Scooby Due
Pillar Of The Community
United States
1674 Posts |
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bugzilla46310
New Member
United States
34 Posts |
Posted 03/17/2010 3:45 pm
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Spend them. Then I may be able to hoard them.
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Halfwitty
Pillar Of The Community
United States
1523 Posts |
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Archraz
Pillar Of The Community
2091 Posts |
Posted 03/17/2010 7:28 pm
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bugzilla46310- yup, it just might make someone's day to find my boxes of solid copper.
Halfwitty- honestly, my days of roll searching may be coming to an end. It used to be really fun, but now I just don't have that kind of time. Plus I would just rather buy a nice darkside coin than hold onto a bunch of stuff found out of circulation that is not worth too much above face.
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Halfwitty
Pillar Of The Community
United States
1523 Posts |
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coffeegod
Valued Member
USA
236 Posts |
Posted 03/17/2010 7:50 pm
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On Halwitty's comment; too bad the banks don't have a roll exchange program. 
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SDcoinguy
Pillar Of The Community
United States
705 Posts |
Posted 03/17/2010 8:47 pm
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i just sold a $25 box for $71.. so, there if you are patient, you could sell them and THEN take the money to buy an even nicer rare coin!
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Oldest Roll/Loose Finds:
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