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Does Copper Bullion Make Sense?

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nss-52's Avatar
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 Posted 10/20/2024  6:19 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

Quote:
I only have 800 pounds of copper pennies sitting in boxes


800 pounds of copper cents is about $1,160 face value.

If you had cashed in those cents a year ago and bought silver, you'd have about $1,878.

If you had cashed in those cents a year ago and bought gold, you'd have about $1,602.

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NumisEd's Avatar
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 Posted 10/20/2024  8:12 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
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jbuck's Avatar
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 Posted 10/21/2024  10:21 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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If you had cashed in those cents a year ago...
Killjoy!
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 Posted 10/23/2024  07:05 am  Show Profile   Bookmark this reply Add Maine Member to your friends list Get a Link to this Reply
NIce Link NumisEd. Very informative.
IMHO the US should stop producing 1 cent coins for circulation now, and 5 cent coins some time in the future. A candy bar costing well over a dollar today used to be 5 cents when I was a 12 yr old paperboy.
Pennies are useless. They are zinc now, BC the mint knows zinc deteriorates over time, and peeps don't spend them.
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jbuck's Avatar
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 Posted 10/23/2024  09:32 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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IMHO the US should stop producing 1 cent coins for circulation now, and 5 cent coins... Pennies are useless.


I will amend to say that the nickel needs to go away as well.
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