How About Copper?

Help, please, I'm a newbie. What do you mean by rolling memorial?

I have been hanging onto pre-1982 pennies on the advice of my local coin club members but now what? Do I take the ones I don't want to a coin shop to sell? Are they buying?

Any advice would be appreciated.

Back in September or October, somebody went out into a secluded area near my brothers place on a Sunday afternoon. They proceeded to cut some trees down onto the power lines and removed the copper.

At $4 an ounce, I would be a convert, but at $ a lb, I just don't want to deal with having to store hundreds of lbs of copper instead of 2-3 lbs of silver

I'll save copper from pipes and wires. And I'll pull it out of the ground when I see it out in the desert, but I'm not going to get it in the rounds or bars. If it goes up high enough to be making a lot of it we are in bigger touble any way. You are probably better off taking your copper to the scrap yard and then turning the cash into silver or gold or coins that you like. They will go up more in the long term.
A story to illistrate. I know a guy who has $250,000 in face copper pennies. He got one of those sorting machines and gets thousand of dollars from the bank a week. He stacks them in the bed room, after he wraps them and puts them in penny boxes. The floor is starting to groan as just about every wall has been bricked in with penny boxes. I guess if he ever has a drive by he will probably be okay though. Sure he now has $750,000 in copper if he can ever melt it. But if he would have taken that money and put it into silver or gold when he started his whole wild experiment he would have done a lot better.
Right now he could probably cash out and still do better in the long term with silver.
But if you want to be "that guy," the eccentric penny guy (because there is no way you can really hid this from the world) then be my guest. Just make sure you post some pictures of your progress because they would be really cool.

mkfarm: LOL I was picturing elongated pennies that are made into souvenier tokens.

I, too, prefer silver but I still check every coin that comes my way amd I have a jar of pennies. I need to sort them all out. The Indians are in 2 x 2's as are most of the wheaties. I will probably keep one or two of the best from each year of the LMC but I only do it because I am sort of nervous about letting go of something too soon. I still have a lot to learn.

Here in northern Illinois, people are stealing a/c units to get the copper. Seems to me to be a lot of heavy labor when copper is only $4/lb. Still....I cut the cords off of old appliances and stuff so that I can (someday) strip the wires. It's not for the cash as much as for the environment. I don't like the idea of stuff going into landfills while the mining continues....I doubt that what I do will make a difference but it can't hurt.

Now, about the guy with the pennies lining his walls...how's that working as insulation? LOL

Thanks onejinx! You have saved my arthritic hands! Now I can just throw those cords in with all the other scrap I have to take to the scrap yard. They are taking all kinds of stuff these days.

I have aluminum siding -- maybe I'll tear it off if the price is right. I'm not crazy about it. Now I have to go look up the price of aluminum....

If you see someone working under their car, call the police. Odds are real good they're stealing the Cadillactic converter.