| Author |
 Replies: 52 / Views: 12,060 |
|
|
|
Pillar of the Community
United States
2168 Posts |
|
|
Moderator
 United States
188938 Posts |
Quote:
I keep them just because they are worth more than face. Nickels as well. They are at least 'real' money! Like silver coins in the early 1960s Funny, I feel the same way, even if it is not exactly the same as silver.  |
|
Pillar of the Community
United States
2168 Posts |
Yes, I know not the same, but who knows some day! I remember when I was very young my father not wanting to have anything to do with the 40% halves when they came out! He passed long before any real rise in silver so he never knew how much even those 40% could bring. To me any coin is worth more than the printed paper with no intrinsic value. But can't keep all the change!
|
|
Pillar of the Community
United States
1119 Posts |
Quote:
Scrap dealers are currently PROHIBITED from buying 1¢ and 5¢ coins is this true? some people can't buy coins? I know they cant be melted but they can't buy them either? |
|
Pillar of the Community
United States
2168 Posts |
I don't know about buying them, but they cannot be melted.
|
|
Pillar of the Community
United States
527 Posts |
 hi coin lover , very good topic ! I read some time ago about the difference about coins collectors and coins hoarding ... Probably everybody knows Joshua Mcmorrow Hernandez , and what he wrote once it's exactly what all the members are talking about here ... There are collectors that they want to set albums and there are people that their target is hoarding coins for other reasons that can be because of the metal , future investiment , expectation of that someday it will be something rare for the next generations wherever ... I'm a coin collector with a specific target of coins and albums to set , I don't have any intention of accumulate coins for any other reason but respect who thinks different and don't think they are wrong , just with different targets ! |
|
Pillar of the Community
United States
6326 Posts |
 All perfecly said, imo. I would just add/or say more about a caution with the theory of "hoarding" them with an 'obsession' level of unhealthy proportions. You don't want 73 fifty gallon drums for your grandchildren to have to deal with ! (Although I'm sure they'd like to turn them into the bank...lol) |
|
Pillar of the Community
United States
927 Posts |
Many years ago I started separating copper cents from zinc ones. It is easy when you do it as you get them. I don't roll search with any regularity so it is just fun to keep them. I have a few shoe boxes of rolled coins now. The cost is minimal so why not? If I ever decide to cash them in then I would use the money to buy more coins anyway.
|
|
Pillar of the Community
United States
959 Posts |
Quote:
There are about 300,000 cents per TON. ($3,000 and 2,000 pounds weight). That sounds about right. I've got $3098 Face, @ 2,013.7 Pounds sitting in my basement. I haven't been searching cents for a couple years now, but when I did, I saved all the coppers. I've had them on Graigslist for over a year, with only one promising prospect, and he backed off. Guess I'll start hauling them to the coin machine at my bank a hundred or two at a time. It seemed like a good idea at the time. |
|
Moderator
United States
54282 Posts |
Quote:Quote:
Scrap dealers are currently PROHIBITED from buying 1¢ and 5¢ coins is this true? some people can't buy coins? I know they cant be melted but they can't buy them either? I meant scrap dealers (or anyone) are currently not allowed to melt U.S. 1¢ and 5¢ coins. Why would a scrap dealer want to buy cents or nickels in bulk quantities, if not to melt? Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)Edited by nss-52
03/22/2016 10:24 am
|
|
Valued Member
United States
127 Posts |
Scrap dealers in Canada are buying US copper cents. They can and do melt them. I have been told that reclaiming nickel is not viable profit wise.
|
|
Bedrock of the Community
United States
20753 Posts |
Quote:
And last, but not least:
-Scrap dealers are currently PROHIBITED from buying 1¢ and 5¢ coins. Gee I wonder why those metal recycle people don't know this. As to keeping lots of coins that are just coins. NO. Space is better used for storing something better. |
|
Moderator
United States
188938 Posts |
Quote:
To me any coin is worth more than the printed paper with no intrinsic value. Truth!  Quote:Quote:
Scrap dealers are currently PROHIBITED from buying 1¢ and 5¢ coins is this true? some people can't buy coins? I know they cant be melted but they can't buy them either? I see no reason why they cannot buy and hoard them, just like any of us. |
|
Pillar of the Community
United States
6130 Posts |
There were some members on here who turned a decent and reliable profit from selling to perfectly reputable folk who did NOT smuggle the coins into Canada to be melted. I think at peak, copper was about $4/lb. That is some pretty serious money considering that I think there areally 143 cents to the pound. Alas, those days are gone with the housing boom. I myself have reached the point where I am about to haul my hoard to the nearest coinstar so my wife can buy whatever nonsense she wants on Amazon. |
|
Pillar of the Community
United States
6326 Posts |
 Too funny My wife does NOT like me spending any of "our" money on my coin hobby...certainly extra cents would go towards bills or our 11 year old. |
| |
Replies: 52 / Views: 12,060 |
First Page
Posted 03/21/2016 5:34 pm
