Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Very Interesting Craigslist Ad About Copper Cents

To participate in the forum you must log in or register.
Author Previous TopicReplies: 17 / Views: 6,531Next Topic
Page: of 2
Valued Member
SilverFossil64's Avatar
United States
183 Posts
 Posted 01/15/2011  12:27 pm  Show Profile   Bookmark this reply Add SilverFossil64 to your friends list Get a Link to this Reply
sounds like a nice idea for a % return on investment of 1 cent, but the time to sort and manage all those coins...and the space to store them...and the dirty glares from bank tellers to return the zinc ones...may take the fun and profit/hour-investment too low to be worth it.
Pillar of the Community
robbudo's Avatar
United States
2757 Posts
 Posted 01/15/2011  1:15 pm  Show Profile   Check robbudo's eBay Listings Bookmark this reply Add robbudo to your friends list Get a Link to this Reply
i just finished rolling my 120th roll of copper cents. I have two empty egg cartons, and have each space labeled. The first space is 'Wheat', then it's 1959 through 1981. It happens when one 'egg space' comfortably holds around 60 cents. Then I put them in a roll and label the date. When I have a few rolls of a given date, I go through looking for DD's, RPM's, errors, the whole nine yards. Then I put the rejects back in their rolls and put them in a box that I will eventually sell for melt. Not that they will be melted, I bet they are just hanging around in people's garages/attics waiting for the economy and society to collapse. I'd rather get my 60% profit now and invest it. I do believe that more and more people will be hoarding these copper coins, but there is no way that the supply of people who hoard will be greater than the people willing to spend the time to sort coins from the bank, at least in the next 10 years, or until the melting ban is lifted (I'm not holding my breath on that one either). And besides, Canadian pennies basically have as much copper as ours had until 1982 until 1998 or something like that. Billions out there.
Edited by robbudo
01/15/2011 1:18 pm
  Previous TopicReplies: 17 / Views: 6,531Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.21 seconds to rattle this change. Forums