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 Replies: 15 / Views: 1,251 |
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Bedrock of the Community
 United States
25241 Posts |
My father bought two $50 bags of cents back in '73 when the Hunt Bros. were trying to corner the market on copper. Now I have one of them. Is it worth my while to start cracking the rolls to search for any potential errors or varieties? A rainy day activity, perhaps? Thanks for your input!   Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
188560 Posts |
You will never know what you might have unless you open it.  |
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Bedrock of the Community
 United States
25241 Posts |
Very true, jbuck! Most likely nothing of great significance hidden in there, but who knows?
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
25241 Posts |
I should grab a handful of the rolls and see how many exhibit end roll damage from the crimper. This one roll I pulled off of the top shows the dreaded "rings of death" on both ends.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
1231 Posts |
If you don't are you going to pass them on it would still be a long time before there is any real value there short of finding an error verity. Or a very high graded cent
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Moderator
United States
188560 Posts |
Quote:
This one roll I pulled off of the top shows the dreaded "rings of death" on both ends. I suspect the end coins are all going to have that.  Regardless, if they are all nice BU like that, I would be prepared to put them into plastic tubes.  |
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Bedrock of the Community
United States
25241 Posts |
The path of least resistance would be to leave them in the rolls where they have resided for 49 years. I'm lazy like that!
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
94367 Posts |
Open 'em! Go for it!  |
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Rest in Peace
United States
18456 Posts |
Open a few rolls and salt a few away in plastic Nickel tubes . Do not open until Christmas 2040 .   |
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Moderator
United States
34410 Posts |
Quote:
when the Hunt Bros. were trying to corner the market on copper Congrats on having a few unopened rolls of cents! I definitely don't want to quibble, but I thought silver (not copper) was the Hunt brothers' thing. Looks like other market forces might have been on your dad's mind though: Quote:
Following the collapse of the Korean War Boom, the copper market recovered quickly. Worldwide consumption grew apace during the 1960s, driven in large measure by Japan's economic miracle and US stockpiling for its war in Vietnam. The combination of the 1971 Nixon Shock, the 1973-74 oil embargo, and the release of US price controls served to push prices even higher, peaking at £1400/ton in April 1974. CIPEC, a cartel comprising the world's four primary exporters, sought to arrest the subsequent downturn by curtailing production and abandoning LME pricing but lacked effect due to quota cheating. But where CIPEC failed, inflation and the second oil crisis succeeded, ratcheting prices to a heady £1590/ton in 1979. Source: https://www.winton.com/longer-view/...ms-and-busts"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
United States
25241 Posts |
Spence, I stand corrected on the Hunt Bros. Yes, silver went crazy back then, and it seems that copper also had issues.
Coinfrog and T-Bop, I'll bust one up tomorrow. At the very least I'll get to see a bunch of shiny BU RD cents, which is always fun!
Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
56855 Posts |
Hondo Boguss, I would keep a few rolls unopened,the ones with heads on one end and tails on the other. I would open the rest and look for errors and varieties as well as high grades. I see you have a mile stone coming up,contest time  . You could give some of these coins to the winners John1  |
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Moderator
United States
188560 Posts |
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The path of least resistance would be to leave them in the rolls where they have resided for 49 years. I'm lazy like that! I think you may have chosen the wrong hobby.   But it is okay if you want to make it the next person's decision. |
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Bedrock of the Community
United States
25241 Posts |
I'll get around to cracking a few at some point. However, there seems to be a very low potential of finding any varieties or errors that would justify the time and effort spent in looking for them. Here's the stash, complete with accumulated dust from it's former storage space under a cabinet beneath a bay window in parent's house. The other bag had water damage to the bottom and was busted, so I left it for whoever did the final cleanup. P.S. Please don't tell the Denver Mint that I still have their bag.  Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
188560 Posts |
Very nice! |
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Rest in Peace
United States
18456 Posts |
Hondo Boguss I would like to PM you if you can change your preference on accepting e-mails . |
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Replies: 15 / Views: 1,251 |
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Posted 11/04/2022 4:56 pm
