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 Replies: 30 / Views: 3,832 |
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Valued Member
United States
292 Posts |
Grinding off the copper sounds like an awful lot of work. Would the 1943 zinc coated steel ones work?
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Pillar of the Community
United States
2168 Posts |
Also make sure you fill up collector books! Keep the best for that.
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Valued Member
United States
455 Posts |
Quote:
Is it legal to deface pennies? I hope so after following the link from GoThunder  |
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Pillar of the Community
United States
2168 Posts |
Lars, they have those pemny smashing machines that imprint a place visited so I guess it isn't illegal.
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Bedrock of the Community
13014 Posts |
They wouldnt bother to do anything to you even if it was your talking about a couple pennies and really no one would know.
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Pillar of the Community
United States
830 Posts |
I think the law just says you can't deface it and then try to pass it off as currency. For example trying to make a $1 bill look like a $20.
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Pillar of the Community
Canada
1177 Posts |
i hoarded Canadian pennies, around 200$ face value, ended up rolling it and bringing it to the bank and bought silver, I just can't ever see it becoming worth while.
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Pillar of the Community
United States
2168 Posts |
Some feel that the copper pennies and nickels are a way to invest in something of value other than their face US money value. They still have a metal value, although not PM, a metal value. This is unlike the paper money. Other coinage does have a metal value, but currently less than the value represented by our money system. Any coin has more actual intrinsic value than the paper. If our currency collapses, many feel the coins may hold value.
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Pillar of the Community
United States
632 Posts |
Save them!
I have $1800 in copper pennies, and I like to brag to my friends that I have $1800 that is not Fiat currency, as its backed by the value of copper.
I will continue to get more as I look for Lincoln varieties, errors, and wheats.
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Pillar of the Community
United States
1450 Posts |
I'm with ya willy! I am still about $300 behind you in my hoard but still stacking. I just can't throw away something with a value 2.5 times what it costs.
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Pillar of the Community
United States
2168 Posts |
Exactly. No harm in keeping copper! Nickels as well are worth putting aside.
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Valued Member
United States
493 Posts |
Heck yeah, I've got about $1100 in copper LMC myself, I am also holding in case of currency collapse. It's not a great hedge, but when the melt ban is lifted, and if copper goes way up in price? Different game than silver coinage but none the less interesting. Look how rare the wheats are, the coppers are next. If you want to start a small hoard do it before the percentages get any lower. We are the last country to stop making the penny, it's just a matter of time. |
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Pillar of the Community
United States
1450 Posts |
I agree everything! Economics will drive the decision and it will probably be sooner than later. I was at the gas station the other night and found 12 pennies folks had just tossed away. In general,the public at large hates pennies and if congress can reduce some cost that many will applaud it will get done.
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Valued Member
United States
176 Posts |
Doing anything to physically alter a mint coin is technically illegal. But the government's not going to hunt you down, I had a school project in which we turned copper cents gold and silver, so I'm sure you'll be fine.
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Pillar of the Community
United States
2168 Posts |
Yes, I too always pick up found coins. With all the debit card usage and even welfare and unemployment on debit cards, not much coinage to be found anymore.
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Replies: 30 / Views: 3,832 |
First Page
Posted 01/13/2013 11:42 pm
