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<p>[QUOTE="JGAIN, post: 408888, member: 15346"]I don't know where I am going with this but ...........</p><p> </p><p>We have not had any coins with any "intrinsic value" for over 20 years, the last is the 95% copper Lincoln Cent which since was replaced in 1982/3 by a copper "plated" cent and is basically and virtually worthless.</p><p> </p><p>We all know (at least us old geezers) what happened when the market spot price of silver approached and surpassed the intrinsic value of our silver coins - shortly thereafter there were not many to be found in circulation or in change, if any at all.</p><p> </p><p>We are now approaching the last of an era - our last US coin in circulation that has some "value". (Unfortunately, the US Government has recently made it illegal to melt the "Pennies".)</p><p> </p><p>Some time back I think I calculated that at 3.11g and 95% copper it would take 130 ($1.30) of the cents to equal one full pound (troy) of pure copper. A quick check of the current price of copper will tell you that the current market price of copper is WAY over the value of this lowly cent - <u>several times over</u>!</p><p> </p><p>Anyway, I have been "hoarding" these copper cents for some time now and have many POUNDS socked away. I have a future goal in mind - that is to see if there possibly will be a market for these last of the dinosaurs, a coin with "value".</p><p> </p><p>I plan to package them in "one pound lots, 130) and see if there will be a market at coin shows and maybe sell in larger bulk lots to "speculators".</p><p> </p><p>Basically, it is free money, for all, (young, old and the beginning collector) if anything can be done with them and when the information gets out don't be surprised never to see them plentiful in circulation again as they are today!</p><p> </p><p>Comments folks?[/QUOTE]</p><p><br /></p>
[QUOTE="JGAIN, post: 408888, member: 15346"]I don't know where I am going with this but ........... We have not had any coins with any "intrinsic value" for over 20 years, the last is the 95% copper Lincoln Cent which since was replaced in 1982/3 by a copper "plated" cent and is basically and virtually worthless. We all know (at least us old geezers) what happened when the market spot price of silver approached and surpassed the intrinsic value of our silver coins - shortly thereafter there were not many to be found in circulation or in change, if any at all. We are now approaching the last of an era - our last US coin in circulation that has some "value". (Unfortunately, the US Government has recently made it illegal to melt the "Pennies".) Some time back I think I calculated that at 3.11g and 95% copper it would take 130 ($1.30) of the cents to equal one full pound (troy) of pure copper. A quick check of the current price of copper will tell you that the current market price of copper is WAY over the value of this lowly cent - [U]several times over[/U]! Anyway, I have been "hoarding" these copper cents for some time now and have many POUNDS socked away. I have a future goal in mind - that is to see if there possibly will be a market for these last of the dinosaurs, a coin with "value". I plan to package them in "one pound lots, 130) and see if there will be a market at coin shows and maybe sell in larger bulk lots to "speculators". Basically, it is free money, for all, (young, old and the beginning collector) if anything can be done with them and when the information gets out don't be surprised never to see them plentiful in circulation again as they are today! Comments folks?[/QUOTE]
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