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Posted 06/14/2021 12:47 pm
Key reasons to hoard bronze cents [tongue in cheek]:
Variety hunting. True, it's generally a pretty small profit margin. The time required to attribute a run of the mill 1960-D RPM would make the coin worth negative ten or fifteen dollars. But these attributed coins will readily sell for fifty cents each in most coin shows.
To cover your floors, walls, and ceilings with them, turn your house into a Faraday cage, eliminate radio signal interference, and build an interference-isolated home recording studio. If the house doesn't collapse first, and if the local building codes allow it and if your neighbors, friends, and family don't have you taken for an evaluation first.
Doorstops, in coffee cans. They work wonders there.
To annoy the heck out of your heirs. Imagine their surprise when they find 28.7 tons of cents in the basement!
The reality is that the Sn and Zn in the bronze alloy would swallow most paper profits, even if melting the coins was legal, which it isn't. It's the same reason why Wartime Nickels sell for a small fraction of melt, and they aren't currently legal to melt either.
The only real play for Cu is scrap copper pipes and wiring. They are legal to melt, have high quality copper, and bring a decent percent of melt value.
Variety hunting. True, it's generally a pretty small profit margin. The time required to attribute a run of the mill 1960-D RPM would make the coin worth negative ten or fifteen dollars. But these attributed coins will readily sell for fifty cents each in most coin shows.To cover your floors, walls, and ceilings with them, turn your house into a Faraday cage, eliminate radio signal interference, and build an interference-isolated home recording studio. If the house doesn't collapse first, and if the local building codes allow it and if your neighbors, friends, and family don't have you taken for an evaluation first.Doorstops, in coffee cans. They work wonders there.To annoy the heck out of your heirs. Imagine their surprise when they find 28.7 tons of cents in the basement!The reality is that the Sn and Zn in the bronze alloy would swallow most paper profits, even if melting the coins was legal, which it isn't. It's the same reason why Wartime Nickels sell for a small fraction of melt, and they aren't currently legal to melt either.
The only real play for Cu is scrap copper pipes and wiring. They are legal to melt, have high quality copper, and bring a decent percent of melt value.
