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Coppar Mynt

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Author Previous TopicReplies: 7 / Views: 1,717Next Topic  
New Member
MJS's Avatar
Sweden
38 Posts
 Posted 12/11/2011  07:49 am Show Profile   Bookmark this topic Add MJS to your friends list Get a Link to this Message Number of Subscribers
I keep a small reserve of copper coins. It seems reasonable that if situations arise in which the silver is used in transactions then copper may be used in addition to prevent overpayment in silver.

Does anyone else here do this or does anyone think that such an environment would be too chaotic to finesse?

Below during the inventory: 26419 grams gross weight, 5805 Swedish copper coins.

Coppar-Mynt

EDIT - for my English usage has become rusty while living here for so many years!
Edited by MJS
12/11/2011 07:50 am
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/11/2011  09:43 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, MJS!

Your English is better than my Swedish.

In the US, many people are holding on to copper cents made before 1983, because the value of the metal is almost Three Cents. Is this true of the coins you are holding?

Even tho cents are worth 3¢, we are not allowed to melt them or export more than 500 at a time.

Your idea is OK. If we don't have those problems, you can always spend them.
New Member
MJS's Avatar
Sweden
38 Posts
 Posted 12/11/2011  12:59 pm  Show Profile   Bookmark this reply Add MJS to your friends list Get a Link to this Reply
Thanks for the welcome!

The copper Swedish öre coins no longer are legal tender so one can't acquire them at face value for a discount vs. the metal value.

There are 40% silver 1 krona coins in circulation here - 2.8 grams silver each (20 kronor worth) and an average of one per bank roll of 50 1 krona coins. An immediate 20 to 1 return on is rather good :-)

I worry about my friends in the U.S.

The issues aren't just with the U.S. dollar currency and the unstable paper currency banking/finance system.

In the U.S. one needs to be very careful.

P.S. - I would just then export 500 of the 1982 and previous pennies at a time, many times ;-)
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/11/2011  3:28 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Yes welcome MJS, I don't hoard copper, but more power to those who do, and one day I may regret that fact.....
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 12/11/2011  5:52 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Hello, MJS, and welcome to the forum!


Quote:
I worry about my friends in the U.S.

Don't worry about us too much. We tend to be a LOT tougher than we look! lol

As to worrying, Europe seems to be having PLENTY of problems with their own finances these days. Perhaps it is we who should worry about you folks?


Valued Member
satxwd's Avatar
United States
321 Posts
 Posted 12/11/2011  8:46 pm  Show Profile   Bookmark this reply Add satxwd to your friends list Get a Link to this Reply
Funny. There was a news story about this on Yahoo recently. This week I started going through my one cent coins. Cool.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/11/2011  9:47 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, satxwd!
Valued Member
corey9493's Avatar
United States
78 Posts
 Posted 01/23/2012  5:51 pm  Show Profile   Bookmark this reply Add corey9493 to your friends list Get a Link to this Reply
I am hoarding all my copper cents from roll hunting! Love building a cheap, fast growing stash of (perhaps) almost worthless copper, but who knows!
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