Hoarding cents

Discussion in 'US Coins Forum' started by acodym, Sep 28, 2009.

  1. acodym

    acodym Junior Member

    Is a good idea to start hoarding USA cents?
     
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  3. krispy

    krispy krispy

    Is that question or a statement? :rolling:
     
  4. abe

    abe LaminatedLincolnCollector

    Hoarding = Greed
     
  5. acodym

    acodym Junior Member

    oh a question! sorry
     
  6. krispy

    krispy krispy

    .01¢ by .01¢, now that's big time greed :mouth:
     
  7. lincolnhoardr

    lincolnhoardr Coin Hoarder

    I think it is :D
     
  8. abe

    abe LaminatedLincolnCollector

    Lets see, about 2 million collectors, each hoarding 5 - 10 thousand cents each. Yup, its greed.
     
  9. CrustyCoins

    CrustyCoins Twilight Photographer

    IMO, no. You would need pallets full of these, the storage would be troublesome and transportation would be a pain.

    Selling them for melt is not really an options.

    I would bet that putting money into a mutual fund that pays dividends you would get much more in return over time.

    If you are going to collect them that is one thing, hoarding IMO is a waste of time and money.
     
  10. acodym

    acodym Junior Member

  11. krispy

    krispy krispy

    okay, so now we're up a whopping $50 - $100 in .01¢ coins per greedy hoarder. woo-hoo! ...and not all of your 2 million collectors are hoarders. :headbang:
     
  12. Captainkirk

    Captainkirk 73 Buick Riviera owner

    I started saving pre-1982 cents when copper was high, but soon gave it up. I still have about 1000 copper cents in a bag somewhere.
     
  13. bullnuke

    bullnuke Junior Member

    What really defines a hoard? 5-10K, a couple extras of each year, amassing 500,000+ cents over the past 2 years that you are now trying to figure out how to get back to the bank? And if you only keep the "good" ones is that hoarding or investing?

    So many questions so little time.

    Kie
     
  14. Art

    Art Numismatist?

    I keep almost all of my cents. Every three or four years I let the grandkids roll them and have a good time with the proceeds. (I never spend a wheatie.)
     
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