Copper Hoarding

I really enjoy looking for copper pennies and pull them out of circulation. I have quite a few. the way I look at it is that I am not wasting much money on pulling them out of my pocket change and if they turn out to increase dramatically, than awesome! if they do not, oh well. if you have a bit of starage space, why not? Its fun and cheap

How much are you getting for selling pennies for the copper value? I don't know if it's worth it.

That's the spirit and I think most people see it this way too. I also have to agree with that and the views from Fat Freddy, Jbuck, 52Raymo and everyone else that recognizes the no risk and all gain potential in hoarding copper. Facts remain that the copper in a penny is worth more than a penny and could possibly keep climbing. OK so it may not be worth it to some people and that's their prerogative. But you can't just ignore the fact that pennies are being sold at twice their face value. Despite all the effort involved and the limited amount of money that can be made, the limited amount of people buying and places to sell. That could all change. I like the price increase percentage comparison someone made to silver dimes, but remember silver stayed low for decades before making that huge jump. And that unlike the 10, 25, 50 cent per coin that silver coins need to effectively double their face value, the copper in pennies only needs to gain 1 cent in value to gain %100 of the initial investment. Hope that came out right, but in essence it's like doubling your capitol investment every time it's value goes up just 1 cent. So we don't need to see copper pennies hit $1 a coin or more. Even if it only hits 8,9, or 10 cents in our lifetimes, hey that is still turning $1,000 worth of pennies into $8,000 to $10,0000. Lets see how fast people start wanting to buy and sell pennies then.

Hey even if nothing happens, there is still nothing to lose and everything to gain, if you have the time and space. At the end of the day It's still pennies in the bank so to speak.

Im also talking about trading copper as bullion. It still doesn't make sence to me based on the volume and timelines needed to trade for profits. The talk about a ring or necklace was an example on how not precious the metal is. Again, just one mans opinion.

UnderstoodAnd I realize my comparison to it being a precious metal is a bit like comparing apples to oranges. I agree with Willy that copper is a valuable industrial metal and there lies its future value.

Agreed.

No problem. I should have been clear that I accept and respect your opinion.

I am not saying that everyone should rush out and hoard copper. However, if one chooses to do so, I see no problem with it. It does require a lot more work than silver or gold, but it could be profitable for those with patience.

Do I save all of my found copper cents? Yes.
Do people buy copper cents at a premium? Yes.
Do I sell my copper cents? No.
Do I buy copper cents at a premium? No.

Will copper make anyone rich? If the answer were an undeniable "yes" then would we be arguing?

Haha...i love you guys!