Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

What Should I Do With My Copper Hoard?

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 3,329Next Topic Page 2 of 2
Pillar of the Community
United States
1195 Posts
 Posted 07/09/2015  10:31 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list
Either cash them in or hold onto them. Coin store won't give u anything more than face even if they will buy them. One day they will be a lot harder to find in circulation. That may be 5 years or it may be 50 years, who knows. That still doesn't mean they will be super valuable like junk silver became but it won't be as easy to get them in the future once they stop making them.
Rest in Peace
United States
18456 Posts
 Posted 07/10/2015  07:55 am  Show Profile   Bookmark this reply Add T-BOP to your friends list


Do yourself a favor and cash them in for face. I think yesterday copper was only $2.53/lb. and you can't sell them for melt. as I found out it's just a waist of time to hoard them. cashed mine in about a year ago and bought some real nice Mercury dimes with the money.
Pillar of the Community
United States
632 Posts
 Posted 07/10/2015  10:47 am  Show Profile   Bookmark this reply Add Elimist to your friends list
Might be a little sketchy but maybe try listing them on craigslist and see if another copper hoarder will bite. Melt value for 6000 cents right now is about $100 so I would say list them for that and be willing to meet somebody within a 20 mile radius. That should still be a good $30 profit after fuel costs.

I think in many ways hoarding copper cents is a waste of time, but if you're CRHunting anyways then it's probably not a huge deal to save them and I personally think you're going to see a small window of time after they discontinue the cent (which I also think is just a short matter of time before we do) that your going to be able to trade copper cents easier than you have before.
Bedrock of the Community
United States
94367 Posts
 Posted 07/10/2015  4:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Assuming you've taken out the LWC, you should just turn them in and buy yourself something decent.
Rest in Peace
United States
17900 Posts
 Posted 07/10/2015  4:56 pm  Show Profile   Bookmark this reply Add moxking to your friends list
If you've already checked them. Dump them.
Pillar of the Community
United States
4809 Posts
 Posted 07/10/2015  6:19 pm  Show Profile   Bookmark this reply Add Rackster to your friends list
Take them back for a fresh lot of coins to CRH. Good luck!
Bedrock of the Community
United States
20753 Posts
 Posted 07/10/2015  6:49 pm  Show Profile   Bookmark this reply Add just carl to your friends list
As so many have already said, dump them. Take to a bank, get the cash and buy some coins you need or want. OR buy me something for making a good suggestion.
Bedrock of the Community
United States
19969 Posts
 Posted 07/10/2015  6:50 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
I've always feared if I dumped my hoard, shortly after all heck breaks loose, copper will shoot up to $8/lb. So for now, the 5 gal pail sits on my floor full.
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Valued Member
United States
232 Posts
 Posted 07/10/2015  11:03 pm  Show Profile   Bookmark this reply Add John Paul to your friends list
My vote is with those who say dump them - there is little profit in them these days, and there are still lots in circulation.
Pillar of the Community
United States
1037 Posts
 Posted 07/10/2015  11:54 pm  Show Profile   Bookmark this reply Add welder to your friends list
I have been pondering the same thing. I have (3) kilo copper bullion bars, 6 pounds of wheaties, and a $25 box (seems like a brick) of Federal Reserve 1981 cent rolls.

It's heavy and really takes up a lot real estate for the value, compared to Ag & Au.

So I'm hanging on to them for the moment.
Moderator
Learn More...
United States
189603 Posts
 Posted 07/11/2015  01:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I've always feared if I dumped my hoard, shortly after all heck breaks loose, copper will shoot up to $8/lb. So for now, the 5 gal pail sits on my floor full.


Keep them. Find the space.

It should go without saying that copper hoarding is a long term play.
Pillar of the Community
United States
1005 Posts
 Posted 07/11/2015  01:17 am  Show Profile   Bookmark this reply Add llewellin to your friends list
I'd hang on to them if I were you unless you really need the cash. They might make a nice gift some day to a kid starting a penny collection.
Rest in Peace
United States
18456 Posts
 Posted 07/11/2015  07:42 am  Show Profile   Bookmark this reply Add T-BOP to your friends list

IMHO, Your just going to waste your time and energy if you hold. unless your young then maybe it will be worth wild.
I still say cash them in, go to a local coin show and buy something of numismatic value with super eye appeal that will KNOCK YOUR SOCKS OFF !
Valued Member
United States
381 Posts
 Posted 07/11/2015  11:12 am  Show Profile   Bookmark this reply Add coin_kid to your friends list
Thanks for all the suggestions! I'm going to try craigslist first, and if that doesn't work, I'm going to cash them in. Thanks for the advice!
Valued Member
United States
336 Posts
 Posted 07/13/2015  02:12 am  Show Profile   Bookmark this reply Add EconBrony to your friends list
Good idea to try craigslist. If that doesn't work out and you don't need the cash free'd up, hanging on to them couldn't hurt. Let us know how things work out :)
Page 2 of 2   Previous TopicReplies: 18 / Views: 3,329Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.31 seconds to rattle this change. Forums