Just A Question On A Deal At Local Coin Store

Good strategy, Mike.
Just like collectors, dealers have their favorites and their trouble makers.
It will pay to be a favorite in the long-run.
Even down here in the States the 20s Canadian Cents are treasured.

$800 for three? There's something more to this story...they couldn't have been 1 oz Au Maples....that's almost fraudulent if he only got $800 for 3oz of gold...any newspaper has the price of gold these days.

And how many American silver dimes, quarters, halves, and dollars have already been melted? How many have been melted this week alone?

Not to mention the coppers...people hoarding Lincoln cents with the hope they'll be legal to melt in the future, others having melted plenty before it was illegal, and others still melting them regardless of the law.

With Canada though, ceasing cent production and (from what I hear) with it being illegal for banks to hand them back out once they get them, it may take a few decades, but the number of cents that remain with each passing week (probably with each day) are growing fewer. They will be worth something in the future, but chances are you won't live to see that day - your grandchildren on the other hand...

I agree with Groszy, you cant stop drug addicts from stealing copper you don't think these same guys are melting coins, I can almost guarantee it. My collection is for my son. and really I'm not doing it for the money I'm doing it for my child to see the way things were for us because the way things are going nickels and dimes will be obsolete as inflation keeps climbing.

I look at the 20 cents as a good indicator as to how the penny will hold up to collectors... In my day I have NEVER used a 20 cent piece as currency.. but when I first saw the coin I was immediately attracted to it... not only for the design sake and the history but also the novelty of a unit that I have never seen before.

I think in 15 and 20 years time the penny will be like that as well (if they still have currency)... new collectors will come across penny sets and be interested in a denomination that doesn't exist anymore and they may want to collect it.

I really haven't been hoarding pennies, I have a few boxes set aside but not because I think I will make that much in copper... or that they will be worth a whole lot from a collectors stand point... all are common and circulated.. but I think my kids will get a bit of a kick out of them.. I can use them as teaching manipulatives.. or create some neat project out of them such as a penny floor, wall, or car... which would be fun and I would get VALUE out of..