Copper Hoarding Then Bailing... - Coin Community Forum

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Author	Replies: 2 / Views: 1,071
hockingzig Pillar of the Community United States 1450 Posts	Posted 05/20/2008 12:06 pm I went to the bank this morning to do my daily trading of penny rolls and one of the tellers asked me if I mark my rolls copper or zinc. I said "no, but I will take all you have marked copper" sure enough, 3 rolls already sorted all coppers. Are people hoarding then bailing? or maybe they are just desperate for real money in hand rather than "future money". Report this Post to the Staff

jbuck Moderator United States 187862 Posts	Posted 05/20/2008 12:55 pm Maybe so. The one benefit of hoarding coins is that they can be immediately liquidated for face value if one has an emergency need for cash. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Rainman Valued Member United States 294 Posts	Posted 05/20/2008 4:51 pm Maybe some one cashed in someones collection. When I was at my main dealers shop Fri roll hunting silver Quarters for $3.00 a piece. He told me he had $20 in coppers he would sell to me for face value. All 79-59 they came from a estate sale he bought. I will be getting them this Fri. Seeking: Saves me a lot of roll hunting Rainman Report this Post to the Staff
	Replies: 2 / Views: 1,071

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