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<p>[QUOTE="wiggam007, post: 805467, member: 18436"]I would say it all depends. If you are like me, a poor college student, who works a job to pay for tuition and rent etc., the extra money I have goes into coins I actually want in my collection. For people like me, I don't see the point in hoarding copper when you can use it to buy stuff you like for your collection and that you can actually sell if you need money. For a person who has a collection where they already have many of the coins that they want and are waiting to other items to come up to auction, as well as having your money invested in other interests such as the stock market etc., then I could see hoarding pennies. </p><p><br /></p><p>As many on this thread have noted, it is illegal to melt pennies right now, so why tie up your money in this when you could put it into other things to enjoy. Yes, the people who have hoarded copper pennies will make bank (one guy commented on the video that his friend had 8 tons of pennies!) but I believe that the process legalizing the melting of copper will take a while allowing many people to go out and get a small hoard of coins to make a few dollars on. </p><p><br /></p><p>When the time comes, start collecting copper pennies. But for now, unless you have extra money just laying around, spend your money on something to put into your collection that you will enjoy rather than something will just be sitting for a while.[/QUOTE]</p><p><br /></p>
[QUOTE="wiggam007, post: 805467, member: 18436"]I would say it all depends. If you are like me, a poor college student, who works a job to pay for tuition and rent etc., the extra money I have goes into coins I actually want in my collection. For people like me, I don't see the point in hoarding copper when you can use it to buy stuff you like for your collection and that you can actually sell if you need money. For a person who has a collection where they already have many of the coins that they want and are waiting to other items to come up to auction, as well as having your money invested in other interests such as the stock market etc., then I could see hoarding pennies. As many on this thread have noted, it is illegal to melt pennies right now, so why tie up your money in this when you could put it into other things to enjoy. Yes, the people who have hoarded copper pennies will make bank (one guy commented on the video that his friend had 8 tons of pennies!) but I believe that the process legalizing the melting of copper will take a while allowing many people to go out and get a small hoard of coins to make a few dollars on. When the time comes, start collecting copper pennies. But for now, unless you have extra money just laying around, spend your money on something to put into your collection that you will enjoy rather than something will just be sitting for a while.[/QUOTE]
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