The Melt Ban Is Not Important

Well done.

I have been saying this here for a while, not being able to melt cents is irrelevant.

Lonz, I think there are a lot of misconceptions surrounding copper hoarding.

First, the melt ban has not held back large scale investors from getting into hoarding at all ends of it. Brinks is currently sorting copper for one wealthy investor, to the tune of $5 million in copper cents over the next year and a half. There are also a number of groups that use industrial sorters and sell copper at all amounts. And then there's the smaller scale sorters and even hand sorters.

Second, there is small and a lot of large scale hoarding going on right now.


Third, if the law were to change. You can say goodbye to small time hoarding. Brinks can effectively cull 100% of the copper they receive simply by flicking a switch. And you can bet this would happen when the melt ban is lifted. Whether because they are paid by a private investor or partner with a smelter. Much like when Jackson Metals was doing this leading up to the 2006 melt ban. Either way that would mean all zinc boxes at your local banks pretty soon after the ban is lifted.



Unless you have access to thousands of dollars of pennies, the time and finances to sort and hold. It's going to be more of a way to retain your assets rather than make a fortune. Say you end up amassing $100k of copper cents, you don't know when the melt ban is going to be lifted. That's a lot of money to sit on for the possibility of earning say 2x face at some unknown future date.

It may or my not be that simple (I do not know), but they most certainly can be that effective (I do believe).

Nice job. Most people will still think we are weird. For me, now that my wife understands the value of coins since I have made some money selling coins for metal value on ebay, she doesn't mind me hoarding a bit :)