I'm An Amateur Next To This Guy

Discussion in 'Coin Chat' started by ikandiggit, Jun 4, 2010.

  1. dayriser

    dayriser accumulator


    The point I was making about the copper prices was not just the actual amount of copper stolen being the determining factor, but that there is a two-fold effect in that first tons and tons of copper are brought in to be melted, adding to the supply, while the demand decreases significantly because those same homes are now repiped with plastic pipe (pvc, cpvc, pex)... This difference is not negligible, and I have been doing plumbing for 'decades' and the last two years was the worst it has EVER been by FAR... They went from stealing copper from vacant houses to robbing people's homes of copper while they were at work which I had never seen until last year... The situation with the cents would be similar... On the one hand, you have tens of thousands of copper hoarders turning in copper cents, while at the same time, you have the government no longer using copper in it's currency along with dozens of other countries following suit (many have already)... That difference I don't believe will be negligible... In any case, I am not claiming to KNOW what the price of copper will be in 5 years, but precisely the opposite... It is such an UNKNOWN that is seems foolish to be filling milk jugs full of cents and stashing them in the garage for a decade or more...
     
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  3. Numismatist47

    Numismatist47 New Member

    I think if any fine came to the old lady it was from the IRS for unreported income.

    I agree with what another member stated with regards to the amount of copper taken to scrap yards by people who stole the copper to begin with is quite neglibible.
     
  4. Vess1

    Vess1 CT SP VIP Supporter

    I got a kick out of the background and the username. It looks like they're stored in a bare, underground, concrete bunker, in ND. Just makes you wonder what all is really out there.
     
  5. Pocket Change

    Pocket Change Coin Collector

    I don't want to sound like everyone's grandpa, but one day our kids will be pulling up that ebay auction and laughing (or hitting themselves on the head because dear old grandpa didn't buy it when he could).

    I'm not a copper hoarder, but the day the US GOVT says it's ok to melt copper cents, there will be forum threads and threads and threads about how to get copper pennies.

    Gosh. You should be doing it now??!!
     
  6. BR549

    BR549 Junior Member

    Lot's of abandoned missile silos in North Dakota.
     
  7. Bart9349

    Bart9349 Junior Member


    :eek:

    I don't know about you, but I already have my supply of "survival seeds"...:

    http://www.survivalseedbank.com/

    ...for my survival garden (video):

    http://video.google.com/videoplay?docid=-5941128833930819346#


    guy

    Question: Does the survival garden include a crop of marijuana to help prepare for the inevitable apocalypse (for medicinal purposes only, of course)? :bigeyes:
     
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