Talk Me Into It.......please - Page 2

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Author	Replies: 21 / Views: 1,890	Page: of 2

PennehChaos Valued Member United States 311 Posts	Posted 03/10/2009 5:00 pm Quote: My philosophy is, "if you need heavy equipment to move your hoard, then you have too much." Mine is "It's not a 'hoard' if you can move it without heavy equipment" Edited by PennehChaos 03/10/2009 5:02 pm Report this Post to the Staff
MtnCoinMan Valued Member United States 462 Posts	Posted 03/10/2009 6:53 pm If you put $1,000 in copper cents one year ago, you have more than if you put $1,000 in Citigroup, Bank of America, GM, Ford or THOUSANDS of other companies! If I had cashed out my 401K 2 years ago and put the $50K in pennies, today I would have $50K instead of $20K. Storage might be an issue, but not that much, I live in a large house. So I store the the few thousand coppers I have. When the economy picks up, having a penny be worth 2 pennies is 100% gain! Report this Post to the Staff
highroller4321 Valued Member United States 187 Posts	Posted 03/10/2009 8:38 pm SAVE THEM!! These still sell for a premium. Going rate right now is 1.3-1.5 cents! And its NOT hard to sell these. https://www.realcentforumco.com has a lot of usefull information about copper cents. Even online dealers are buying them! Also there was such a demand that ebay had to make a copper have its own section under the bullion tab. When they go back to selling for 3-4 cents each you will regret getting rid of them for 1 cent Report this Post to the Staff
SPQR Valued Member United States 327 Posts	Posted 03/10/2009 10:01 pm If all else fails, true copper cents are much more easily melted into things like arrowheads and axes than the zinc core ones. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/11/2009 10:40 pm Hoarding almost anything for monitary purposes is a great risk. At a flea market someone I knew that sold there was hoarding those Beanie Babies. The market for them was fantastic and certain ones were really hot. He ended up selling them off for about $2 each and was lucky to get that. Someone I know told me a friend of his collected those Hot Wheel Cars. He had to move and the movers charged extra due to over 3,000 pounds of those things. I see them at the flea markets for about $0.50 each now. My son USED to collect those baseball/football cards and always told me how much they will be worth someday. Yeah, right. Along with lockable gas caps, I suggest you look into stocks in the Buggy Whip companies. If gas goes back to over $4/gallon, people will be right back in horse and buggies and you will have stocks in those whips. Report this Post to the Staff
USMCLion Valued Member United States 188 Posts	Posted 03/13/2009 08:47 am I keep all my cents from the boxes in dated tubes until I check them for errors and varieties. I only save the BU ones, the rest then go back to the bank for you horders to find. Its actually pretty challenging to get a full roll of BU LMC from bank boxes. Between the weak stikes and the amount of circulation they have it is tough. I think if you put the money you were hoarding in copper cents into a CD you would make a better return on your investment, since its illegal to melt them. To each his own, I guess!! Report this Post to the Staff
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