Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
copper penny rolling
>
Reply to Thread
Message:
<p>[QUOTE="krispy, post: 1750420, member: 19065"]Problem for you though silv is that you've got a coin that has been minted so much you could blanket vast quantities of territory with it like dirt, couple that with horders who have been stashing these things away in coffee cans, jars, buckets, and trash cans in their homes, garages and storage facilities ever since the switcheroo in '82, AND, there's no such thing as melt value on these coins unless the government says it's okay to do so, a question that has been discussed with copper and nickel coins much before this, and while not technically illegal at to do at this time (melt them), it is strongly discouraged officially, and could be changed at any time to a legal matter, just to control what the public intends to do...</p><p> </p><p>Similarly look at some history of PMs. While you have just witnesses a spike up in metals in the last couple years, copper has bit hard, really hard, before silver and gold, as they started to come down. Copper might be an industrial metal but with a lack of jobs by the laborers who work with the stuff, there's not really much demand and plenty, plenty, plenty of copper in the ground and above, so it's in no shortage where demand can be met. History has also shown that metals prices, particularly after a rise up, can sit stubbornly "level" for a VERY VERY long time before they go anywhere again, if not until the next economic crisis point cycles around. No one has a functioning crystal ball to know when the next opportunity in the metals market will roll around. Copper coins also take up a whole lot of space while you are culling them and waiting for that future to roll around.</p><p> </p><p>My offer still stands as well as illustrates the point I was trying to make and which chip echoed. You'll face that with most people if you are trying to sell them on this idea. Your thoughts are not a hole in one idea which you've got yourself focused on, nor is it original as there are many out there already attempting to do what you are thinking about, so you are way behind vast numbers of people doing this already. If you're thinking you'll be sitting on a mountain of numismatic potential, I'd also think again when it comes to circulating coins, particularly ones that corrode and have a lot of wear, dirt and handling on them.</p><p> </p><p>Save your pennies for a rainy day, then cash them in an invest in actual numismatically valuable cents or other pieces you enjoy and which have potential in gaining or maintaining a premium when trading, they take up a lot less space as well.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1750420, member: 19065"]Problem for you though silv is that you've got a coin that has been minted so much you could blanket vast quantities of territory with it like dirt, couple that with horders who have been stashing these things away in coffee cans, jars, buckets, and trash cans in their homes, garages and storage facilities ever since the switcheroo in '82, AND, there's no such thing as melt value on these coins unless the government says it's okay to do so, a question that has been discussed with copper and nickel coins much before this, and while not technically illegal at to do at this time (melt them), it is strongly discouraged officially, and could be changed at any time to a legal matter, just to control what the public intends to do... Similarly look at some history of PMs. While you have just witnesses a spike up in metals in the last couple years, copper has bit hard, really hard, before silver and gold, as they started to come down. Copper might be an industrial metal but with a lack of jobs by the laborers who work with the stuff, there's not really much demand and plenty, plenty, plenty of copper in the ground and above, so it's in no shortage where demand can be met. History has also shown that metals prices, particularly after a rise up, can sit stubbornly "level" for a VERY VERY long time before they go anywhere again, if not until the next economic crisis point cycles around. No one has a functioning crystal ball to know when the next opportunity in the metals market will roll around. Copper coins also take up a whole lot of space while you are culling them and waiting for that future to roll around. My offer still stands as well as illustrates the point I was trying to make and which chip echoed. You'll face that with most people if you are trying to sell them on this idea. Your thoughts are not a hole in one idea which you've got yourself focused on, nor is it original as there are many out there already attempting to do what you are thinking about, so you are way behind vast numbers of people doing this already. If you're thinking you'll be sitting on a mountain of numismatic potential, I'd also think again when it comes to circulating coins, particularly ones that corrode and have a lot of wear, dirt and handling on them. Save your pennies for a rainy day, then cash them in an invest in actual numismatically valuable cents or other pieces you enjoy and which have potential in gaining or maintaining a premium when trading, they take up a lot less space as well.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
copper penny rolling
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...