Message:

<p>[QUOTE=&quot;Check_M_All, post: 165636, member: 6661&quot;]No, they won&#039;t take them at this time, but eventually, they will learn that it&#039;s not illegal and when copper gets valuable enough, they will take them. Maybe not in the next one, two, five years... but in time.</p><p><br /></p><p>You are right. You will not get 2.5 cents for them... not at this time. If you save them now, it&#039;s a speculative investment based on the idea that the price of copper will rise. I don&#039;t know exactly what the scrap yards are paying for copper right now. It&#039;s been a while since I&#039;ve taken any in, but it&#039;s not much different than selling off silver coins to a dealer or jeweler. They of course pay you less than they are going to get for it, but not so much as to be only 50% of its value. They make their money off of quantity. Let&#039;s say copper hits the $7/pound mark... not at all unimaginable. That would effectively double the coins current bullion value to about 4.5 cents per coin. You should be able to expect a recycler to pay (by weight) the equivalent of at least 3 cents per coin... not a bad return. There will be people who will take advantage of this... The very same people who are currently looting construction sites at night and stealing the copper wire and pipe will shift gears and make as many trips to the bank as they can once they realize that they can get it that way. It will happen.</p><p><br /></p><p>The cent is doomed. Once the Fed stops circulating it and the mints stop producing it, they will be collected as banks ship them back to the Fed and they will slowly disappear from circulation. These common cents that nobody really pays any attention to right now will become harder and harder to find.</p><p><br /></p><p>So the question is who is going to get them first? Will it be the Fed or will it be the public? It&#039;s all a matter of timing in the decision to discontinue the coin vs. what the market might do.</p><p><br /></p><p>One way or another these coins are going to increase in value.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in