| Author |
 Replies: 28 / Views: 3,025 |
|
Pillar of the Community
United States
1450 Posts |
Pre-82 cents(and many Canadian cents)now worth 3 cents in metal value. Looks like the industrial metals are beginning to move again.
*** Moved by Staff to a more appropriate forum. ***
|
|
|
|
Valued Member
United States
75 Posts |
I gotta know something and I hope you may have an answer.
Lets say I start saving old copper cents. After how many do I sell them and where?
thanks.
|
|
Valued Member
United States
228 Posts |
KoinKid: You can always sell your 82 and earlier copper cents on ebay. I understand most are getting about 1.4 to 1.8 cents apiece for them. (seems to be the average). As far as getting near full value (nearly 3 cents apiece right now), that will not be possible until the U.S. government rescinds its' ban on their melting. That should be relatively soon, as with the cost of making the cent @ approx 1.79 cents apiece, and the metal value @ nearly 3 cents - our bankrupt government must eventually get around to addressing the issue. Meanwhile - gather now while the gathering is good...  |
|
Valued Member
United States
310 Posts |
Look at Nickel prices too, The US nickel has past 7 cents alloy value now.
|
|
New Member
Canada
24 Posts |
Is it illegal to melt Canadian coins in the United States the same as it is for American coins. Since it is foreign currency I think it would be legal. If so whee would you look to sell older Canadian Copper Coins?
|
|
Pillar of the Community
United States
3592 Posts |
Koinkid, I sell $100 FV at a time one ebay.Smaller amounts don't sell very well.I just put a batch on this morning. nateb20, you can sell them even if they are not being melted.People are betting on the melt ban being lifted at some point in the future...just like silver and gold coins. |
|
Pillar of the Community
United States
3276 Posts |
how much does shipping cost for you to send 100 dollars face value in pennies? that is quite heavy, i'd think it would be expensive to ship that.
|
|
Valued Member
United States
310 Posts |
$100 FV in pennies is around 68 pounds I believe and would still be eligible to be shipped in a large priority flat rate box. I think Large FR priority boxes shipped for $14 dollars roughly.
|
|
Pillar of the Community
United States
573 Posts |
Quote:
People are betting on the melt ban being lifted at some point in the future...just like silver and gold coins. I'm counting on being able to point to a stack of copper cents and say there's X amount of copper there. Because they are in the form of US cents, the composition and purity level is known and trusted. I never want to melt them. So when our fiat money system collapses, I have a known quantity that I'm using to store my wealth. (Of course I'm using the term "wealth" loosely, otherwise I'd be putting money into gold, silver and land.) |
|
Pillar of the Community
United States
3592 Posts |
murrellington...they fit in a medium flat rate box which is around $11.That is why I started selling $100 FV...best bang for the buck on postage.
|
|
New Member
Canada
24 Posts |
I wish Canada Post would get their head out of their butt and have a similiar rate on flat rate shipping.
|
|
Pillar of the Community
United States
3592 Posts |
Our Post Office had competition nateb20....does yours ?
|
|
Valued Member
United States
310 Posts |
The US postal system also loses money hand over foot. I wouldn't say they always make smart discussions lol.
|
|
Pillar of the Community
United States
3592 Posts |
GRR...I look at it as away to get some of my money back..after all our government is great at losing money.
|
|
Valued Member
United States
310 Posts |
Well, I'll say the US postal system is great at doing it's logistic job. Packages are rarely lost and they usually arrive quickly. Besides that they do a poor job managing costs and general operations. They should get rid of media mail, it's abused badly by ebay sellers, and costs the system tons of money. The wy they handle personal and costs is terrible. I don't know how much longer we'll have a national postal system, I see the government giving it up to the private sector if this goes on much longer. |
|
Valued Member
Canada
442 Posts |
Anyone know where one can purchase Copper bars/bullion? Provident metal does, but was wondering if there are any others.
cheers,
|
| |
Replies: 28 / Views: 3,025 |
Posted 02/01/2011 4:08 pm
