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CRH'ers Don't Stop Taking 95% Copper Lincolns .

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Pillar of the Community
United States
1041 Posts
 Posted 02/26/2021  1:11 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
yep keep adding to my 100+lb stash
Valued Member
United States
134 Posts
 Posted 02/26/2021  1:16 pm  Show Profile   Check Akkdayam's eBay Listings Bookmark this reply Add Akkdayam to your friends list Get a Link to this Reply
People are just chatting about illegal activities and how they would be rich lol
"Uh are you alright"
"Yes I just like the taste of bird Bath water"
-A conversation I had with a random person when I was 5



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United States
99075 Posts
 Posted 02/26/2021  1:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
People are just chatting about illegal activities and how they would be rich lol
Pillar of the Community
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United States
1321 Posts
 Posted 02/26/2021  4:04 pm  Show Profile   Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
What am I not getting here? If I put away $100.00 worth of random wheat pennies in 1958 ( I was only two, but let's say I was precocious) today the numismatic value would be about three to five cents each, or let's say $400.00. Melt value, around $400.00. My investment is worth four times it's cost!
But.
Inflation was happening that whole time. It would take about $900 in today's money to buy what my $100 bought in 1958. So, setting aside $100 in wheat cents in 1958, did I make $300 or lose $800? But if I bought $100 worth of whiskey in 1958, it would be $900 worth of whiskey today. The moral is, whiskey, not cents.
Frankly, saving copper cents is never going to pay off. Inflation will increase as fast or faster than their copper value.
Currently working on:
Australia type set
Canada type set
Three from each country (up to 416!)
UK 20th and 21st century
IHC's! NGC certified MS-62 or better, Capital Plastics Fine or better, Dansco Fine or better, Dansco any x3, and Coin Board for wall display, any grade. (I may be a tad obsessed)
Pillar of the Community
United States
1041 Posts
 Posted 03/01/2021  5:25 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
If you put away bank rolls of bu cents in 1958, you'd get at least $10 apiece today
Pillar of the Community
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United States
1321 Posts
 Posted 03/01/2021  8:00 pm  Show Profile   Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
Yes, but I said random circulated wheats. Coin Roll Hunters searching copper aren't putting away rolls of b u coins, they are putting away random circulated copper. I still say that with inflation, saving copper memorial cents is a losing game.
Currently working on:
Australia type set
Canada type set
Three from each country (up to 416!)
UK 20th and 21st century
IHC's! NGC certified MS-62 or better, Capital Plastics Fine or better, Dansco Fine or better, Dansco any x3, and Coin Board for wall display, any grade. (I may be a tad obsessed)
Bedrock of the Community
Australia
18425 Posts
 Posted 03/01/2021  9:33 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Will only be one or two years to go, before I start my zinc stash!
And the copper plating will protect them from corroding away.
Currently, there is 0.7 cents worth of zinc in a Zincoln.
That's the power of inflation for you!

Also, pay off your mortgage with inflated fiat money, and use the power of inflation to your advantage.
Bonus : There is no investment tax to pay, because you are paying off a loan.
A bit similar to short selling cash , but using fiat money to do it with.
Edited by sel_69l
03/01/2021 9:33 pm
Pillar of the Community
United States
1041 Posts
 Posted 03/02/2021  07:19 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
@jgfindring they aren't bu now because they're 40 years old today. The average value today of a lot of wheats found in 1958 would almost certainly be over 9c, especially if it were taken from the west coast
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1321 Posts
 Posted 03/02/2021  07:57 am  Show Profile   Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
Hey, I'm not trying to argue, just stating my opinion that there are much better ways to save / invest than pulling copper cents out of rolls while roll hunting. Pulling silver while roll hunting dimes, quarters or halves comes to mind.
And I don't think anyone pays 9 cents each for random wheat cents. See any of five hundred posts on here on the subject of random bulk wheat cents value.
Currently working on:
Australia type set
Canada type set
Three from each country (up to 416!)
UK 20th and 21st century
IHC's! NGC certified MS-62 or better, Capital Plastics Fine or better, Dansco Fine or better, Dansco any x3, and Coin Board for wall display, any grade. (I may be a tad obsessed)
New Member
Canada
21 Posts
 Posted 05/03/2021  01:49 am  Show Profile   Bookmark this reply Add JadeDragon to your friends list Get a Link to this Reply
In Canada pennies were discontinued. My pennies are at over 3 cents now in melt value and I see no reason I can't smelt them down if I wanted.
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