Posted 07/08/2017 4:59 pm
Well, since cents are worth 1 cent today regardless of copper prices and tomorrow it will still be worth 1 cent regardless of copper prices...and the fact you cannot melt US coins as an individual because it is against the law, and if you've watched the PM trends over the last 15 years, is it really worth it tying up portable cash now when you can turn it into something with a better chance of higher returns in the future?
Those questions I asked myself, last month as a matter of fact, when I realized holding on to circulated copper cents in XF/AU condition was...NUTZ!
Back to the story...I then dumped my two Large Whey protein containers of over 6900 copper LMC and 3800 Zincolns respectively back into the cash stream making a whole lot of CHRer's in the Midwest Region very happy! I then used that $100 to buy collectable coins that complete my current collections increasing their overall worth now and into the future. Bought some silver coins too, silver just my go over the $20 sell it now mark to break even in the next few months.
A couple years ago, after putting together bulk LWC lots, I had 60 ROLLS of common dates (50's D & 40's P) I took to my LCS and swapped for the equivalent of $55 for junk silver just to rid my self of that albatross.
Unless you have pristine, OBW rolls of LMC's, it is not worth the effort and space holding on to copper cents. If we do go to being "cents-less" (Are we there yet?...Are we there yet?) the price of copper will go DOWN because of the amount of marketable copper there then will be. Thingabboudtit!
Those questions I asked myself, last month as a matter of fact, when I realized holding on to circulated copper cents in XF/AU condition was...NUTZ!
Back to the story...I then dumped my two Large Whey protein containers of over 6900 copper LMC and 3800 Zincolns respectively back into the cash stream making a whole lot of CHRer's in the Midwest Region very happy! I then used that $100 to buy collectable coins that complete my current collections increasing their overall worth now and into the future. Bought some silver coins too, silver just my go over the $20 sell it now mark to break even in the next few months.
A couple years ago, after putting together bulk LWC lots, I had 60 ROLLS of common dates (50's D & 40's P) I took to my LCS and swapped for the equivalent of $55 for junk silver just to rid my self of that albatross.
Unless you have pristine, OBW rolls of LMC's, it is not worth the effort and space holding on to copper cents. If we do go to being "cents-less" (Are we there yet?...Are we there yet?) the price of copper will go DOWN because of the amount of marketable copper there then will be. Thingabboudtit!
Edited by Crazyb0
07/08/2017 5:06 pm
07/08/2017 5:06 pm
