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<p>[QUOTE="Conder101, post: 810999, member: 66"]From an unknown collector circa 1967 (fictional of course)</p><p><br /></p><p><br /></p><p>In 1967 silver was under $2 an oz, silver dimes would melt at 12 to 13 cents apiece, and the melting of silver coins was illegal. </p><p><br /></p><p>The same arguments used against the hoarding of copper cents today would have made the same logical sense in 1967 applied to hoarding silver. Within six years melting of silver was legal, dimes would melt at 3X face. Within twelve years silver hit $50 an oz and silver dimes were selling for $2.50 apiece. Definitely within a lifetime. Of course that was a fluke price but today, still probably within the lifetime of our fictional dime collector, silver is 7X to 10X what it was in 67. I can't guarantee that copper will do something similar, but it wasn't that long ago that it was over $4 a pound and copper cents were worth between three and four cents apiece (3X face, the same as silver coins were in 1972). I could very easily see copper over $7 a pound in my lifetime. Sure melting of cents is illegal now, but I don't see that lasting forever either, and I think once most of the copper cents are gone from circulation the melting ban will be repealed. But if you wait until the ban is repealed to start hoarding, there will be nothing to hoard. And the more hoarding done the sooned the copper will disappear from circulation and the sooner the repeal will come.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 810999, member: 66"]From an unknown collector circa 1967 (fictional of course) In 1967 silver was under $2 an oz, silver dimes would melt at 12 to 13 cents apiece, and the melting of silver coins was illegal. The same arguments used against the hoarding of copper cents today would have made the same logical sense in 1967 applied to hoarding silver. Within six years melting of silver was legal, dimes would melt at 3X face. Within twelve years silver hit $50 an oz and silver dimes were selling for $2.50 apiece. Definitely within a lifetime. Of course that was a fluke price but today, still probably within the lifetime of our fictional dime collector, silver is 7X to 10X what it was in 67. I can't guarantee that copper will do something similar, but it wasn't that long ago that it was over $4 a pound and copper cents were worth between three and four cents apiece (3X face, the same as silver coins were in 1972). I could very easily see copper over $7 a pound in my lifetime. Sure melting of cents is illegal now, but I don't see that lasting forever either, and I think once most of the copper cents are gone from circulation the melting ban will be repealed. But if you wait until the ban is repealed to start hoarding, there will be nothing to hoard. And the more hoarding done the sooned the copper will disappear from circulation and the sooner the repeal will come.[/QUOTE]
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