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Hoarding 1982 and prior pennies
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<p>[QUOTE="-jeffB, post: 2152933, member: 27832"]As another poster here frequently points out, the commodity price of copper is for "Grade A" purity metal; cents are lower-grade, and impose additional refining costs.</p><p><br /></p><p>But let's ignore that for a moment. Suppose we have hyperinflation, the dollar collapses, whatever. A hundred pounds of copper cents will <i>retain their value</i> -- of approximately 150 "pre-collapse" dollars. They might be worth ten million hyperinflated dollars, but you'll still need a wheelbarrow to haul in enough cents to pay for your groceries.</p><p><br /></p><p>Hoarding cents is relatively harmless as hoarding disorders go; they won't rot (at least not the copper ones), they won't burn, and while they certainly <i>can</i> crush you to death, boxes of them stack a little more stably than newspapers or clothing. But they aren't going to bring you wealth in the post-apocalyptic wasteland.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2152933, member: 27832"]As another poster here frequently points out, the commodity price of copper is for "Grade A" purity metal; cents are lower-grade, and impose additional refining costs. But let's ignore that for a moment. Suppose we have hyperinflation, the dollar collapses, whatever. A hundred pounds of copper cents will [I]retain their value[/I] -- of approximately 150 "pre-collapse" dollars. They might be worth ten million hyperinflated dollars, but you'll still need a wheelbarrow to haul in enough cents to pay for your groceries. Hoarding cents is relatively harmless as hoarding disorders go; they won't rot (at least not the copper ones), they won't burn, and while they certainly [I]can[/I] crush you to death, boxes of them stack a little more stably than newspapers or clothing. But they aren't going to bring you wealth in the post-apocalyptic wasteland.[/QUOTE]
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