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 Replies: 17 / Views: 2,513 |
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New Member
United States
47 Posts |
with all this talk about pennies costing more than they are worth, and people hoarding all the copper ones, 1959 - 1981, is it worth it? I sort them and put them in a different jar than the rest, but really, what will I do with them? melting is illegal, though I am sure some shady folk out there will do it anyway, but besides breaking the law, what market will these have if copper prices skyrocket for some reason? Edited by thekurt
01/15/2007 4:11 pm
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Pillar of the Community
United States
533 Posts |
Personally, I hoard them as well. I am not looking to make anything great off them, but it gives me something to do and is cheap!  Anything I can do relating to coins helps keep my interest when the money is tight (post-holiday). I do not plan on melting them down or anything like that, but I do save them. |
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Pillar of the Community
United States
830 Posts |
Save 'em. The way things are headed, we might be spending small change made of plastic someday, so copper coins will be worth something as a collectible rather than just the value of the metal.
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Valued Member
United States
208 Posts |
I am hoarding Cu pennies.
Edited by RangerXLT8
01/15/2007 3:43 pm
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New Member
 United States
47 Posts |
quote:
Originally posted by RangerXLT8
I am hoarding Cu pennies.
...  what does CU mean? circulated? I'm such a noob. |
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Valued Member
United States
393 Posts |
I'm hoarding also. I know it's unlawful to mutilate(melt)or alter coins. But is that not intended to prevent counterfeiting or trying to unfairly gain value through some sort of deception?
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Member
United States
1154 Posts |
quote:
Originally posted by thekurt
quote:
Originally posted by RangerXLT8
I am hoarding Cu pennies.
... what does CU mean? circulated? I'm such a noob.
Cu Means copper. |
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Pillar of the Community
United States
834 Posts |
What year did they stop putting copper in the Canadian cent I find alot of those in my roll searching ?
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Pillar of the Community
United States
2269 Posts |
I've been hording wheat pennies for the last 20 years. Its more of an addiction than anything else. Every time I come across a wheat I pluck it out of my change, bring it home and throw it in a pile. I know I won't profit on it, but I enjoy saving them.
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Member
United States
1154 Posts |
With all of this hoarding is anyone expecting a profit? Like silver?
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Pillar of the Community
United States
2269 Posts |
I hoard wheats for fun. I usually don't profit on silver, due to my unwillingness to purchase when the price is low. I always wait for silver to go lower than what it is.
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Valued Member
United States
81 Posts |
You guys should see what I went through the last two weeks.
My daughter got a job at a bank and gave me a call that she has 250 dollars in pennies and nickels from an old guy that had his wife pass away and wants to get rid of them.
The were probably over 300 wheat, a big hand full of 1955 unc (for some reason but I'll take them") I separated anything 1981 and down and there is 46 pounds of them.
This reminds me of when I was a kid and all of the times and fifty cent peices I spent and never had a clue that the price of silver was going to hit the roof.
I'm saving this time !!!
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Pillar of the Community
United States
2269 Posts |
As they say, "you live and you learn".
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Bedrock of the Community
United States
20753 Posts |
quote:
Originally posted by wardtom084
My daughter got a job at a bank and gave me a call that she has 250 dollars in pennies and nickels from an old guy that had his wife pass away and wants to get rid of them.
The were probably over 300 wheat, a big hand full of 1955 unc (for some reason but I'll take them") I separated anything 1981 and down and there is 46 pounds of them.
If you are not aware of all the latest finds in cents (pennies), check out the coppercoins.com web site. They have two books out on just those cents. I have them both and you'll be amazed at how many different error cents there are. |
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Valued Member
United States
81 Posts |
Thanks for the web page. Have checked it out already. People actually try and collect that "little error" stuff?
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Pillar of the Community
United States
1454 Posts |
I save all of mine in a separate little baggie. I will roll them up every now and then and deposit them at the bank to put them back into circulation just for the fun of it but am thinking I will start keeping them and only roll the zincies.
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Replies: 17 / Views: 2,513 |
Posted 01/15/2007 12:57 pm
