Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsJoin Thousands of Coin, Bullion, & Money Collectors Specializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

All You Coin Roll Hunters...

To participate in the forum you must log in or register.
Author Previous TopicReplies: 34 / Views: 6,066Next Topic
Page: of 3
Pillar of the Community
Silverworld11's Avatar
613 Posts
 Posted 03/07/2015  11:25 pm  Show Profile   Bookmark this reply Add Silverworld11 to your friends list Get a Link to this Reply
I was thinking this thread would be moved and glad it did. More folks here for this one.

Why hold all of it?

That makes no Cents to me or for me.

For every pound of Copper I kick back I find far more worth in RPM's/Doubled Die/Error Cents Copper or Zinc.

I get holding from the public the Indian Head/Wheat Backs/Memorial S-Mint Copper but all of it I do not get it. Seems a bit of no thinking or learning what to hold so hold it all.

If anyone can come up with a good reason to hold it all,then I will hold it all.

Any takers to give me a good reason to hold it all? Trade Price is not going to do it by the way.
Pillar of the Community
ndgoflo's Avatar
United States
626 Posts
 Posted 03/09/2015  5:17 pm  Show Profile   Bookmark this reply Add ndgoflo to your friends list Get a Link to this Reply
Well, I can only speak for myself, but here are my reasons. None of which are meant to apply to anyone else.

1) When I started collecting in 1997, I learned of the major doubled dies for the Lincolns. I would search those dates and them toss them into a coffee can with all the others. Then I discovered that there were several different varieties for some dates. Had to go back through them again. That is when I realized that I should learn what all to look for before searching, so everything just went into coffee cans while I built my library and schooled myself through wonderful forums such as this. Working 60+ hours a week while raising a family, I worked on BU date/mm/proof sets for all of the current designs and circ sets of earlier series. Time got away from me and here I am.

2) These coins were all pulled from circulation over the past 18 years. It is not like I have been buying boxes and bags and then sitting on them. Much better ways of spending money, but no way easier of saving. I have almost $1000 saved with absolutely no pinch on my budget.

3) After being searched, these coins are destined to become different types of artwork and home decor. My wife wants the bathroom floor covered in copper, my desktop for myself, and I have always wanted to try my hand at a Lincoln portrait made of Lincoln cents.

4) I do not have to spend my time at a bank, or feel awkward or haggle with bank tellers when trying to acquire coins to search.

5) If worse comes to worst, I have a massive stockpile of slingshot ammo!
Pillar of the Community
Bertensgrad's Avatar
United States
1192 Posts
 Posted 03/09/2015  5:32 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
I do not keep copper cents though I do keep every nickel before 1960 so I can understand it. However I just don't see how the cents would be worth anything in my lifetime and I'm only in my twenties :). The logistics of melting them doesn't make sense in my head unless they undo the law and copper prices makes them worth .15 apiece.
Pillar of the Community
ndgoflo's Avatar
United States
626 Posts
 Posted 03/09/2015  5:37 pm  Show Profile   Bookmark this reply Add ndgoflo to your friends list Get a Link to this Reply
I have no false hopes of ever getting more than face from my hoard.
Moderator
Learn More...
jbuck's Avatar
United States
189219 Posts
 Posted 03/09/2015  6:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Profit is not my motive. I keep the copper to protect them from being melted.
Valued Member
Kritler's Avatar
United States
107 Posts
 Posted 03/09/2015  8:08 pm  Show Profile   Bookmark this reply Add Kritler to your friends list Get a Link to this Reply
At one point someone made the same argument about silver coins. Do I expect an immediate return on my investment? No. If anything, I know I can sell shotgun rolls of them later at one date, cause apparently people buy anything on ebay. I currently have 90lbs, nothing substantial, but after I go through a roll, I just throw them into a jar, and run the Ryedale 1-2 times a month.
Pillar of the Community
967 Posts
 Posted 03/09/2015  9:12 pm  Show Profile   Bookmark this reply Add still lookin to your friends list Get a Link to this Reply
I kept all of the pre 1982 until I had reached enough to fill two 55 gallon drums. Then I decided that that was enough. I now just keep the AU and above copper cents.

Still Lookin
Valued Member
Kritler's Avatar
United States
107 Posts
 Posted 03/09/2015  9:25 pm  Show Profile   Bookmark this reply Add Kritler to your friends list Get a Link to this Reply
Wow, what did that weigh? Did you unload at face value, or find someone to pay close to spot?
Pillar of the Community
967 Posts
 Posted 03/09/2015  9:32 pm  Show Profile   Bookmark this reply Add still lookin to your friends list Get a Link to this Reply
I have no idea of the weight and I still have them all. I figured if a strong wind came through they would anchor the house down.
Pillar of the Community
allranger's Avatar
United States
1391 Posts
 Posted 03/10/2015  09:18 am  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
ndgoflo, you are crazy. But crazy in a good way for coin people. It's threads like this that I like to show my wife, and leave the subtext unspoken (at least my coins aren't as bad as this guys!).
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 03/10/2015  7:11 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
No.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
Silverworld11's Avatar
613 Posts
 Posted 03/11/2015  03:45 am  Show Profile   Bookmark this reply Add Silverworld11 to your friends list Get a Link to this Reply
@kritler,you are thinking Copper will go from a Base Metal to a PM. How?

If you can not explain how copper is going to become a PM I understand I can not either.
Valued Member
Kritler's Avatar
United States
107 Posts
 Posted 03/11/2015  11:35 am  Show Profile   Bookmark this reply Add Kritler to your friends list Get a Link to this Reply
No, I do not think copper will ever be a precious metal. I was just using silver as an example as at one point they were readily available in circulation, and no one thought the need to horde them.

I do not expect copper to ever have the return that silver would, simply do to supply and demand. The industrial demand for almost all metals will more than likely drop as I believe technology will fill that void(http://www.nanocomptech.com/what-ar...-nanotubes).

I do think they will yield more than face though through selling rolls, or if copper appreciates in another construction boom. Either way, at the moment, I don't mind having minimal capital tied up in them.
Pillar of the Community
CoinMasters's Avatar
United States
5964 Posts
 Posted 03/12/2015  8:54 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list Get a Link to this Reply
still lookin: I metal detect as well as roll hunt. someday when the earth has covered your drums... I will come by and find them and they will be worth a fortune.
Edited by CoinMasters
03/12/2015 8:56 pm
Valued Member
yelimsexa's Avatar
United States
186 Posts
 Posted 03/13/2015  6:48 pm  Show Profile   Bookmark this reply Add yelimsexa to your friends list Get a Link to this Reply
Only if I come across a solid CWR with copper or a machine roll with the majority (at least 75%) being copper due to convenience. Accumulating all these can be heavy and not worth space/effort except IMO.
  Previous TopicReplies: 34 / Views: 6,066Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.4 seconds to rattle this change. Forums