copper penny rolling

Actually mine are in 3 litre pretzel jugs.

 

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Yes, I am here now, doing my own research, thus the original post. No one asked you to repeat your many explanations here, but perhaps you could have posted links to some related cointalk threads containing your copper penny wisdom.

It seems like in this thread thus far, yes, we've already determined that people won't really pay much more than 50c for a copper roll. What is undetermined is how far in the future will people pay more than 50c per roll. I am suggesting that in the near future the copper penny roll (or penny bucket, or penny pretzel jug) value shall rise.

 

The price of Grade A copper would have to increase to about $7.50 a pound just to break even on copper cents. If you don't believe me, call some reclamation centers. I did!

Chris

 

There is actually a law that outlaws the melting of cents and nickels specifically
http://www.usmint.gov/pressroom/?action=press_release&ID=771

 

Chris that sounds right, melting copper ain't gonna come free. That, plus the laws against melting (which would probably nullify if the gov't stopped penny production).... means as far as a bullion investment goes, copper pennies are probably a long-shot.

Numismatically, probably still a long-shot even if penny production ceases soon. There's just too many of them? Would likely take 20+ years for copper penny rolls to appreciate significantly, and that's a long back-breaking haul.

Now I'm gonna cry.

 

Thanks for that link. I recall discussing this very topic, whether there was a law about it or not, at about that time when this regulation was pending and had not seen the 'final comment'. While we certainly have this to go by and could count on it to protect US currency, and I respect it and agree with it 100%, I have also not heard whether or not such laws have been applied in any cases, and what their outcome was, as it seems some exception through legal cases could be argued, Thanks very much for the information! I appreciate it.