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<p>[QUOTE=&quot;Tom Maringer, post: 182099, member: 7033&quot;]<b>Intrinsic value of money</b></p><p><br /></p><p>I concur with all the folks who are saving copper cents without intent to melt. It seems silly to melt the stuff when it has already been processed into coinage, one of the most useful forms of metal.&nbsp; It has seldom occurred in modern times that the intrintic value of a currency exceeded the symbolic value. Certainly paper money has little instrinsic value beyond butt-wipes and fire-starters. </p><p><br /></p><p>When (not if) the dollar crashes... those copper pennies will STILL be valuable currency... right alongside all those pre-&#039;65 silver dimes and quarters and any gold still around... while anybody who foolishly hoarded cash in stacks of hundred dollar bills will be left with nothing but garden mulch. Thise pennies will be useful for the purchases of small items... like fruit and vegetables from local producers... for which silver or gold would be too much.</p><p><br /></p><p>People seem to think that copper is a pain to store because it&#039;s bulky for its value compared to silver. A cubic foot of copper weighs 559 pounds and has a current value of about $1500. A cubic foot takes up a very small amount of space in the corner of your garage or basement. You could easily have $10,000 worth of copper cents in a couple of wooden ammo boxes with a board on top to serve as a bench or shelf. It won&#039;t matter if they get flooded... or even if the place burns to the ground... that money will ALWAYS be worth something.[/QUOTE]</p><p><br /></p>

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