Will Bulk Wheats Ever Increase In Price? - Page 2

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Author	Replies: 22 / Views: 2,623	Page: of 2

jbuck Moderator United States 188660 Posts	Posted 01/10/2009 2:45 pm Quote: ...we have only taped into 10% of the copper on the planet so there is 90% left to dig up so theres a vast amount in the earth... I watched the Modern Marvels episode on copper last night on the History Channel. Very interesting! It made that statement regarding how abundant copper is. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Edited by jbuck 01/10/2009 4:23 pm Report this Post to the Staff
sfwusc Pillar of the Community United States 615 Posts	Posted 01/10/2009 3:27 pm Is it abundant at low cost though? I mean there is a lot of gold in the oceans, but it cost more than the gold is worth to get it out. It really shouldn't count as reserves unless it can be mined at a profit. -SWUSC Report this Post to the Staff
MorgansRmine Pillar of the Community United States 1219 Posts	Posted 01/10/2009 4:55 pm Saw the same show Jbuck. It also stated recycling is cost prohibitive to bring it back to 99.9% pure needed for most industrial use. But check your plumbing in the future, there may be some Lincolns in your water pipes. Report this Post to the Staff
al21 New Member United States 6 Posts	Posted 01/10/2009 7:28 pm When inflation heats up (from the out of control gov. spending), metals will all increase in price. My guess- 3 or 4 years before a Wheat cent is worth 10 cents. Report this Post to the Staff
BadThad Bedrock of the Community United States 19952 Posts	Posted 01/10/2009 8:01 pm Quote: And if there are coins in the mess, they too get melted into a pile of Copper or whatever they were made of. If the coin police could tell if a blob of Copper was ever a coin, then maybe someone would pay attention to that law. This is going on everywhere. It's one of the reasons I defend the series. There was plenty of Memorials minted and plenty of them saved in MS condition, but I feel the number left in the wild has greatly diminished. Nobody cares about the cent anymore, it's the most lost and abused coin series ever. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
Gothic Florin Pillar of the Community United States 2541 Posts	Posted 05/14/2009 2:40 pm I can hear BadThad playing his violin! Report this Post to the Staff
sfwusc Pillar of the Community United States 615 Posts	Posted 05/14/2009 3:43 pm That is the way of life for coins. Metal---Coins----Metal 90+% of coins will be converted back into the metal at some point. If they ever stop using the cent and go to a 1/20 of a dollar vs 1/100 dollar pricing, then what is going to happen to all those cents? They are going to get melted. All those old pre Euro coins likely got melt. A lot of pre1964 silver got melt over the years too. -SFWUSC Report this Post to the Staff
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