and the new hot bullion is...copper???

Maybe we could have a new currency backed by copper. The "Copper" standard.
It would be a start and be something of value other than the debased junk coins the government has us using now.
If they did, I wouldn't hesitate to bend over and pick one up off the street no matter how many people were looking at me and laughing.

 

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Due to this site I started a jar of pre-82 pennies.

 

Nickels are also worth 7 cents. Australia recently discontinued theirs and capped purchases with them at 5 dollars.

I heard this argument made recently, because realistically there isn't enough gold or silver to go around as coinage in circulation. Copper might be a good way to invest small amounts for those who can't afford gold or silver, but the fundamentals for silver too strong for me to stray. I saw some Copper Eagles and Buffalo rounds at a show before and they were not very appealing to me.

 

here in the philippines, world war 2 when the japanese came into town. the japanese issued "Mickey Mouse" bills. it will take you one large shopping bag of those bills to buy one kilo of rice.

 

You should take a look at old U.K. coins. There, you'll see evidence of three standards: gold, silver, copper. Gold - sovereign (pound); silver-shilling; copper - pence.

If silver is the poor man's gold, then copper is the broke man's silver. In the slum areas of Victorian England, silver coins were pretty scarce. There were lots of "farthings" floating around: a farthing was a quarter-pence. I think the lowest denomination coin back then was a quarter-farthing (1/16 p, or a little more than 0.3 cents.)

 

I hung out there a few years ago, before the '08 crisis. One fellow had hoarded so much, he was worried about the concrete floor of his garage giving way under the weight of his pennies.

No, I'm not kidding. He calculated/estimated that about 50 tons would crack it.

 

Cohen is asking $5.79 an ounce. Yes there is a premium (profit) but to me that seems very high. This place HnH has em for $1.34 per ounce which is still at a premium given today's copper spot price of $3.80 an lb but it is a better deal than anything else I've seen so far.

TJR

 

I thought about buying some copper rounds off ebay but i changed my mind since they are way over priced. Now i just collect copper pennies out of pocket change in fear that 30 years from now i will be like "i should have collected them" haha. Its fun searching through pennies so im gonna keep doing it