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 Replies: 31 / Views: 4,548 |
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Pillar of the Community
United States
1450 Posts |
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Pillar of the Community
United States
958 Posts |
of coarse someone that manges 3 billion should want you to agree with them
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Pillar of the Community
United States
3592 Posts |
That works both ways...someone that argues against hoarding would tend to dismiss  |
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Pillar of the Community
 United States
1450 Posts |
My hoard won't affect supply until the melt ban is lifted,even then it ain't gonna have a major affect. Seems to me the supply is dwindling in circulating coins lately also. It is sure gonna be an interesting ride.
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Pillar of the Community
United States
2424 Posts |
hock,
i agree. I have been finding about $4.50 worth of copper per $25/box, if that. and it continues to dwindle. wont be long till all the copper is out.
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Pillar of the Community
United States
958 Posts |
of coarse every year million of zinc hits circulation,
im not agianst hoarding copper
im against paying more then face for copper cents
and just want to make sure people relize that if the hoard they may see no profit
but no loss ether
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Valued Member
United States
129 Posts |
SD maybe it's just me but I just went through three boxes and over half of all three was copper this is normal for me. I guess I'm just in a good area for it.
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Pillar of the Community
United States
3592 Posts |
[and just want to make sure people relize that if the hoard they may see no profit /] Glad somebody is watching out for us...thanks  Pocket Change, wish I had that kind of percentage...normal is about 20 % around here |
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Valued Member
United States
52 Posts |
interesting read. a lot of assumptions in the article but if approximately $1.50 face value in pre 82 cents equals one pound and copper goes to 5 lb that would be a good return. provided it ever became legal to melt. |
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Valued Member
United States
117 Posts |
I've been "hoarding" pre-82 copper for several years now. Not because of melt value, but strictly for numismatic reasons. I travel a lot and pick up rolls and boxes from all over. When I first started, I was getting percentages of around 40%..... now it is closer to 25 percent (on average). Finding anything before 1960 is becoming increasingly difficult. Maybe 1 or 2 per roll. As the "meltys" pull more out of circulation it will only become harder to find those great varieties from pre-82. It seems like once they are gone they are gone. Try completing a set of circulated including silver WITHOUT going to a coin shop. Not really possible.
My general MO is to remove the copper, sort and roll by date....with the hopes of checking for varieties at a later date. Or when I get tired of sorting. I figure when the percentages get as low as 10% it will be time to start cracking into the rolls and hunting.
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Pillar of the Community
United States
958 Posts |
Actually copper supply is not in high demand.
Consumer lack of spending has hualted the buying of electronics ,computers and so on.
Most of usa infrastructure requires concrete and iron. bridges,roads,railways and so on.
so no burden on copper there.
maineman, your not a hoarder you are a reseller
you only seperate and resell.
hoarders are the guys collecting and collecting
coppers rise ? it is just following the other metals as they rise copper goes up.
when gold and silver crash copper will fall to.
But by then the big banks will just find something else to manipulate.
A ceo/vp needs his 10 million dollar bonus who cares if his company goes under and millions of people lose money invested.As long as he is packing a golden parachute who cares if the bank goes under or if the govt will bail him out.
All the bank knows is your money is going into silver/copper/gold portfolios with the new metal backed securites
invest invet invest!
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Pillar of the Community
United States
3592 Posts |
[just want to make sure people relize that if the hoard they may see no profit /]
[hoarders are the guys collecting and collecting /]
Which is it ? The guys that collect and collect or the guys that collect and sell (like me)?
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Pillar of the Community
United States
958 Posts |
mrh if copper goes to $5 a lb
wont effect the hoarders profit at all the ban is still not lifted and may never be.
mrh IF IT GETS TO $10.00 A POUND STILL DOES NOT MATTER. the ban is not lifted
the govt sees no benifit in EVER lifting the ban .
why ?
govt doess not want to spend 3 cents each plus distribution cost of new cents to replace the million/billions of copper cents melted if the ban was lifted.
you guys still dont get it. Its etimated that a coppr cent cost almost 3 cents to make
4 cents when you include rolling , packaging ,labor and distribution cost.
So 150 melted coppr cents would cost the mint near $6.00 to replace with 150 new cents
it just does not make sense from the mint stand point
so why would the govt allow people to melt copper cents when they have to spend 4cents to make new ones
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Pillar of the Community
United States
958 Posts |
mainman your not a hoarder you are a seperater seller.
hoarders hoard in hope of a ban being lifter then selling them to be melted
now maineman if you seperated and kept your coppers cearting a stock pile and were waiting for a melt ban to be lifter then you would be a hoarder.
but you dont you sell um just as fast as you seperate them.
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Pillar of the Community
United States
958 Posts |
thats why I still stand by my words hoarders may never see a profit.
now if they seperate cents and sell well then they are not hoarding now are they ?
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Pillar of the Community
United States
2661 Posts |
Three years ago I watched and shook my head as some fund manager on CNBC was telling Maria Bartiromo that copper would shoot through the $7 a pound resitance level and possibly hit $8 by the end of 2009. Well that didn't happen now did it?
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Replies: 31 / Views: 4,548 |
Posted 12/10/2010 07:17 am
