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<p>[QUOTE=&quot;Clone, post: 1626884, member: 44147&quot;]<span style="color: #8b4513"><font size="5">Copper Cents.</font></span></p><p><br /></p><p>I am no expert. This is just my assessment. Please do not hoard copper or make any financial decisions based on my posts.</p><p><br /></p><p><b>To save :</b></p><p><u><span style="color: #000000">1: Current value is a bit under 2.5 cents per cent. In 5 years this may double.</span></u></p><p>The government allowed the melting of copper pennies in the past and may do so again in the future. The government believes a coin&#039;s lifetime is 30 years. copper cents are past that period but still seem to make up about 20% of the cents in circulation. If the government allowed the melting of cents they would have to produce the 20% in addition to the current new cents. It would cost a fortune. I think that when the % of copper cents drops to a very low rate, the government will consider removing the ban. If the government allows the melting of cents in the future, the return will be very high. </p><p><br /></p><p>2: <u>Copper cents in circulation will continue to decline as the value of copper goes up.</u> With the number of hoarders growing with the value of copper and the age of the cents will remove all but a few % in the near future.</p><p><br /></p><p>3: <u>You may be able to sell them at a 70% profit over face with the melting ban in place.</u> A small market has developed for the coins.</p><p><br /></p><p>4: <u>You can always cash them in at face value.</u> Just take them to your bank.</p><p><br /></p><p>5: <u>They use little space.</u> Store them in a bucket or in bank boxes.</p><p><br /></p><p><b>Not to save :</b></p><p>1:<u> The government might never remove the melting ban. </u>It is possible that the government may never remove the melting ban.</p><p><br /></p><p>2: <u>Sorting is time consuming.</u> By my estimates about 2 hours per box of 2500 cents. A machine can be bought or easily constructed to sort cents by weight. to speed this process up. A gravity fed machine could sort 2400 cents in 20 minutes. </p><p><br /></p><p>3: <u>The return would be higher in a mutual fund or something.</u> If you have over $1000 to invest then yes. If not, can sell your future copper hoard to reinvest when you have enough. Don&#039;t hoard them forever as an investment unless you just like to have buckets of coins.</p><p><br /></p><p>4: <u>Your 401k contribution is not maxed out.</u> Don&#039;t save cents for copper. Put that money in your 401k. </p><p><br /></p><p>I&#039;m sure I missed some things. Please post your arguments for and against saving cents for the copper.[/QUOTE]</p><p><br /></p>

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