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 Replies: 19 / Views: 3,899 |
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Valued Member
United States
420 Posts |
Probably closer to $36.. Which is great, as that'll get you 2 x 1oz. .999 fine BU generic silvers.. Much easier to move..  Swamp |
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Rest in Peace
United States
18456 Posts |
Dump them and buy a decent collector coin with the money .  |
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Pillar of the Community
Canada
5255 Posts |
Unless you really need the $45, or you don't have the space, just keep them. I realize that they will never be worth a fortune, but neither will 2 oz of silver.
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Pillar of the Community
 United States
5687 Posts |
I dumped mine at the bank last year. It's like storing 30 pounds of scrap metal for decades. I can think of better uses of $45.
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Pillar of the Community
United States
717 Posts |
Interesting discussion. So far dumping them seems to be leading!
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Rest in Peace
10197 Posts |
I'm quite surprised the "crave 'em, save 'em" crowd hasn't showed more force! I usually get eaten alive for my comments, very seldom wholly agreed with! The other option could be to offer online as 5000 count bulk copper lots. These sell at PM outlets for @ $100+ and you can ship USPS Priority Mail Medium size box at $13.65 fo up to 70#(cheapest way possible). Just make sure you tape the box very well!  |
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Bedrock of the Community
United States
12477 Posts |
Actually, selling them in lots might bring some profit for you from those. It may be very little, so not really worth it if you don't sell online already. I keep coppers, but not from CRH, just from change, so it's not a big deal or taking up too much space. If you have that much of it, I agree with cashing it in and that's probably what I'll do when I get that much unless the situation has drastically changed at that point in the distant future.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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New Member
 United States
35 Posts |
Wow you all are super helpful!! I am possibly leaning towards selling them online as a large bulk of copper pennies and describe everything in details as someone else here said. That's be darn nice if I made $100 on them.. I'm trying to get money for a racing sim wheel, pedal, shifter set anyways.
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New Member
Canada
3 Posts |
I would try and test the online market for selling the pennies. As stated before, it would be best to load up on .999 silver bullion which could be unloaded easily and efficiently. Would anyone purchase fine copper bullion as an alternative?
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Rest in Peace
10197 Posts |
CT, there are some that do, it is really inexpensive to buy a brick or two (1lb). But my problem is this w/PM's. What is your purpose, investment or prepping? Investment is longterm, usually, so a large size of 5-10oz is guite realistic investing...buy low sell high, blah, blah! Prepping will need be different. A 10oz bar is hard to break into barter pieces, same with the 2oz bullion coins/rounds/bars. Smaller then is better, but more expensive as an individual purchase. The cracker/wafer 100 gr breakoffs are ideal, less expense, better barter. Although I think when SHTF, barter means won't be PMs, but food, bullets and medicines! "What's in your cupboard?"  |
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Pillar of the Community
United States
4211 Posts |
I would just dump them in a Coin Star if they were mine. Good luck with whatever you decide!  |
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Valued Member
United States
420 Posts |
Quote:
I would just dump them in a Coin Star if they were mine.
Good luck with whatever you decide! Hmmm, that's one of the things I wouldn't do with 'em, unless you happen to shop where they offer those gift cards.. Otherwise you're losing like 9 cents on each dollar you run through, or maybe even more than that these days, if it's folding money you want when finished.. Swamp |
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Pillar of the Community
United States
4333 Posts |
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
Australia
21788 Posts |
If you must, collect copper wire instead.
Copper is an industrial metal and the price in the long term is highly unpredictable.
The copper in wire is pure.
It has to be, to act as a good electrical conductor.
Therefore no refining costs.
Just need to get rid of the insulation.
There are several YouTube videos that show you how to do that.
With bronze coins for the CRHunters, just return what you don't need back to the bank.
Edited by sel_69l
05/01/2018 01:15 am
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Valued Member
United States
493 Posts |
I keep about $500 in $25 boxes sitting around in case fiat ever became worthless, bank run, etc, they may have metal and fiat barter value combined, that's only twenty boxes of pennies, that's not much, and neither is $500. Still, I'm sure cash would still work, you just might need more of it. I put them in half gallon container and they make a great door stopper, but so does a rock - that is the only real value I am getting out of these things. They are bronze, so from a scrap perspective you will never, ever get melt for them. Hoarding them did get popular when copper prices were up around 4.00.
Once we realize the penny is just a waste of time we will all be better off, and the old collections that have numismatic value will have more numismatic value.
I still do not understand why the bronze percentage is near 30% in the midwest but more near or under 15% on the coastlines, just what I have heard.
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Replies: 19 / Views: 3,899 |
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Posted 04/28/2018 10:00 pm
