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<p>[QUOTE="Eskychess, post: 1268759, member: 4692"]I think it's best to hoard copper if you already enjoy searching pennies for oddities and old coins.</p><p><br /></p><p>Pros - Copper could be worth big bucks. You get that cent for a penny - and can sell them potentially for 3x face value. If the laws of melting are repealed, it may be even more than that. And again - if you already enjoy cherry picking - then why not? I love to cherry pick, and I save all kinds of different things - like all 1970S pennies, because I was born in 1970 in San Fran. So - I just get a 5 gallon pail for coppers 1959-1981 and will be starting my second pail soon. You won't find THAT many - that quick - but it's a good investment and face it - if someone breaks into your house, they won't be stealing your hoard of coppers. That would require work! I recommend if you hoard, to intend to hoard them for a few decades.</p><p><br /></p><p>Cons - The markets could collapse - you DO have a safety net though of one cent per copper. So you really can't lose - but maybe putting the money in the bank might have been better? They're bulking - Holding 50,000 pennies is a task - the same reason someone won't really steal them. There is no melting of them as of yet and no timetable to when there will be. This will be a lot of work to separate.</p><p><br /></p><p>Again - I think it's a great idea to hoard coppers, but you really gotta like doing that kind of thing. If you want QUICK money - getting a second job is probably a better idea. If you like to sift through coins and hope you get lucky and hoard a little bit in the process - then it's perfect.[/QUOTE]</p><p><br /></p>
[QUOTE="Eskychess, post: 1268759, member: 4692"]I think it's best to hoard copper if you already enjoy searching pennies for oddities and old coins. Pros - Copper could be worth big bucks. You get that cent for a penny - and can sell them potentially for 3x face value. If the laws of melting are repealed, it may be even more than that. And again - if you already enjoy cherry picking - then why not? I love to cherry pick, and I save all kinds of different things - like all 1970S pennies, because I was born in 1970 in San Fran. So - I just get a 5 gallon pail for coppers 1959-1981 and will be starting my second pail soon. You won't find THAT many - that quick - but it's a good investment and face it - if someone breaks into your house, they won't be stealing your hoard of coppers. That would require work! I recommend if you hoard, to intend to hoard them for a few decades. Cons - The markets could collapse - you DO have a safety net though of one cent per copper. So you really can't lose - but maybe putting the money in the bank might have been better? They're bulking - Holding 50,000 pennies is a task - the same reason someone won't really steal them. There is no melting of them as of yet and no timetable to when there will be. This will be a lot of work to separate. Again - I think it's a great idea to hoard coppers, but you really gotta like doing that kind of thing. If you want QUICK money - getting a second job is probably a better idea. If you like to sift through coins and hope you get lucky and hoard a little bit in the process - then it's perfect.[/QUOTE]
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