Start Hoarding Lincoln Memorials?

interesting very interesting
doubling or tripling your money in 40 years from an investment is not good and dosen't even beat inflation. I didn't consider this. I however don't think I can do anything about that besides investing in other coins (that are already collected and scarce) or maybe precious metals. From what I understand savings bonds are actually pretty good investments, it's just that you like can't touch the money for the while and aren't able to use it in a emergency. I know that if the government can't pay you back you would be more worried about finding food and shelter. Although I know a friend who the government failed to reemberss his savings bonds so he dosen't have to pay taxes for an extend time period.

I however am appealed to hoarding massive amounts of coins because (although it's not risk free) I can't loose any money from it . Stocks may be the way to go but I don't know much about the stock market and now that it is a rather risky investment. I studied the great depression a couple of years ago in high school about black Tuesday and the lot. The great depression had a lot to do with people investing their a large amount of their life savings and then the stock market crashing.

I'm not trying to run a get rich scam just trying to make some more money for me with out losing any moeny and trying to really think if it's a good idea by doing the math and research and think that coins may be the way to go for this. I agree that rusty croaded zinc cents aren't exactly nice to look at but they would be worth more than their face value in like 40-50 years never the less. Wheat pennies rarely have their full color and have gone through some croasion but are still never the less valuable.

Actually ya I would imagine that lincoln memorial cents will be as rare as wheat cents in circulation within the next 40-50 years because they will be taken out of circulation. I'm not looking to get rich just to make some profit with some extra money I got. Wheat cents are always worth 3x their face value and worth more than one cent. You could tripple your money .

I think you passed the critical point on that piece of metal thingy. I'm not exactly sure but I believe between 100-120 years you start loosing money on coin that you could of put in the bank, 80-100 years your make the most. I guess I just don't like spending lots of money on coins that are already rare and scarce.

If I would have bought 100 Hess Trucks when they were first released in the 1960s @ $4 each, they're worth $3k each now, that's 750x my investment. Should I now go and buy 100 hess trucks @$30 each with plans on selling them at $22.5k each in 50 years?

For all we know 50 years from now we can be mining a new metal/mineral from asteroids that will eliminate the use of copper, making those copper cents worth...a cent.

Or the Mayans were right and we are all only going to be here for another 6 months, so enjoy it!

I'm not hoarding copper pennies for their copper content put because they are pennies that will one day be worth 2 cents, copper is not silver but a industrial metal. copper will probably go up sense we are in a recession right now, but it will most likely not become a precious metal over night due to it's wide practical uses

how many boxes have you gotten from one bank? do you think if I asked for 1000 dollars in pennies they'll give it to me?

I admit I didn't read all the posts in this thread but only a couple of them but I never saw it mentioned why the wheat cents are worth 3 cent now, it has nothing to do with them being wheat cents, its because they are copper. The cents today will never be worth 3 cents because they are not copper like they once were so if you hoard $1000.00 worth of 2010 cents you will have $1000.00 worth of 2010 Lincoln Cents in 100 years from now because there is basically no copper in the coins. If you save high grade coins there may be a small premium but it will never be like the Wheat cent is today because of what I mentioned above

If you read the statement from the mint, it looks like the rule was for 120 days and would have expired 5 years ago

The Mayan calendar already ended. It didn't account for Feb. 29th every 4th year as leap year didn't exist at the time and therefore their calendar has already run its course. Sucks for people making plans based on the end of times due to the Mayan calendar.

I kind of doubt they actually will for the simple fact that $1000 worth of silver weighs what, like 2 lbs? Even at a low price it would only be maybe 10 lbs. Currently, $1000 worth of copper is 300 lbs. I could see people putting away a small stash of silver worth a couple grand, but few are going to dedicate the energy to haul enough copper around to keep a similar value stash. It's easy to make a deal with a handful of silver coins. A lot tougher when you need a pickup truck to make a deal.

I just keep all of the before 82. I don't go out of my way but just keep in a coffee can. Why not? Real money. Just like nickels.