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 Replies: 11 / Views: 2,304 |
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Rest in Peace
United States
18456 Posts |
I've been putting away 95% copper Lincoln memorials for about 3 1/2 years now hoping the price of copper would soar. but instead it's been going down. I think it's time to dump them and use the money to buy some nice coins for my Barber dime collection. does anyone else feel this way ?  Tony |
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Valued Member
United States
487 Posts |
Edited by rastatodd
01/14/2015 7:09 pm
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Pillar of the Community
United States
3789 Posts |
unless you want to be sitting on much lower copper, yes, sell it all now. Dont "hope" that it will come back immediately, unless you want to sit on it for god knows how long.
copper is in a very strong downtrend and it is not going back to the moon.
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Pillar of the Community
United States
586 Posts |
If copper mines start to shut down, maybe it is good for silver. I learned that by-product was a major part of silver production source.
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Rest in Peace
 United States
18456 Posts |
Ok , you guys just made up my mind. by this weekend I'm going to my bank and dumping all my copper memorials into their free coin counter machine.
Tony
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Pillar of the Community
Canada
1049 Posts |
Edited by M_d_in_guy
01/14/2015 7:44 pm
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Pillar of the Community
United States
586 Posts |
T-BOP, why can't you dump it to a local coin shop? Nobody take it?
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Pillar of the Community
United States
586 Posts |
T-BOP, if you chose to accumulate silver for the past three and half years; you would have been in deep sh*t.
By putting away Lincoln cents, at least you didn't lose anything. (well, other than your time and energy)
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Valued Member
United States
174 Posts |
Where can someone buy copper in it's purest form in 100 pound bars? If the drop continues, might be nice to buy a few thousand pounds to sit on. But it would have to be easily sell able (unlike pennies).
Thoughts?
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Rest in Peace
United States
18456 Posts |
LeoS , I don't think it's a good investment to buy thousands of pounds of pure copper. by the time you make any decent profit from it, ''YIKES'' also you would need to store it in a storage unit or garage.
there are much better ways to invest your money.
Tony
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Pillar of the Community
United States
4333 Posts |
@leon1998
Many who have purchased silver in the last couple years haven't lost anything. They still have their stack.
Copper? I have a stack of that also, all free, although it's not in coin form.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3789 Posts |
I think, more people are underwater than not with purchases of silver and gold. In fact I think more people have been spanked by the drop in silver than gold, since they think silver they can buy more of.
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Replies: 11 / Views: 2,304 |
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Posted 01/14/2015 7:19 pm
