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 Replies: 8 / Views: 1,443 |
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Pillar of the Community
United States
591 Posts |
I know there is another post but figured being he dosen't have his 250 post you all just weren't answering. Or maybe against the rules to post in here. If so please correct me.
But After my Box of Pennies today I sorted the 1981-Back no wheats of course only found 2 a 41 and a 57.
But where is a good place to unload the copper cents ? SO far I have $2 worth out of $25 and have about half to go
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Pillar of the Community
United States
1256 Posts |
I think those that are pulling copper are stashing it back and not unloading them. I pull the copper for later inspection (rainy day stuff). I sort the reds out first and the rest go in tubs. If the reds build enough to roll by year/mint I do that, though I'm not real sure why considering I have them all BU. Guess I just like having them. Classic Hoarder  I also pull out the CAM/WAM canidates and check them at the end of run. I don't keep them. If you are not going to hoard them, send them back to the bank in exchange for more search-ables. Tim
I'm a Wheaty |
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Pillar of the Community
United States
1256 Posts |
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Moderator
 United States
188001 Posts |
Yes, bullion copper cent hoards/bags/boxes can be sold on ebay. There might not be a lot of them, but the ones that have sold have received a premium. |
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Valued Member
United States
191 Posts |
Simply amazing! $112.95 total for $50 face. it makes me kind of sad just thinking of how many pre-82 coins I have released back into the wild in the past month. I really didn't think there was much of a market for these coins with the melt ban in place.
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Pillar of the Community
United States
1256 Posts |
3 bidders too! I think of keeping these as a 10 year plan as opposed to find now sell now. If you got room... why not? 100th post  Edited by timsumrall
10/22/2010 11:10 am
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New Member
United States
29 Posts |
Lol thats 34 pounds of pennies. Try unloading them on ebay just maybe in rolls instead of one huge bag. |
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Pillar of the Community
United States
1450 Posts |
As has been said many times before on this forum:the melt ban is irrelevant! Cents serve as copper bullion just as silver or gold coins do. As copper rises,the value of cents rise. You cannot go to a store and get bullion value for them but that is true of 90% silver US coins. Metal is metal and it has value. Copper coins are a very cheap way to play the metals complex. Some financial advisers are recommending the addition of pre-82 US cents to their clients as a hedge against dollar devaluation. Forget the ban and hoard the copper, this will be the last opportunity you will see in our lifetimes. As the Boy Scouts say,BE PREPARED! If we are all wrong,you only paid 1 cent for them so you haven't lost anything. Just for info purposes,$1.50 price in copper equals 1 cent value in cents. Example:copper is going for approximately $3.75 /pound so,3.75/1.50=2.5 so a penny nowis worth 2.5 cents in metal value. If copper get to $4.50/pound,a cent will be worth 3 cents. Keep in mind we are talking about pre-82(and some 82)US cents. Canadian cents are a bit higher in copper content until about 1997 I believe. Edited by hockingzig
10/22/2010 12:29 pm
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Pillar of the Community
Canada
3692 Posts |
Or until they're declared not legal tender anymore with a new currency to replace the dollar. It could happen. And even then you can still trade them as bullion for new dollars. The only problem is you can't go into a store with a roll of coppers and haggle with the cashier. People aren't that informed.
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Replies: 8 / Views: 1,443 |
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Posted 10/20/2010 2:24 pm
