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Is Hoarding Pre-1982 Copper Cents Pointless!
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<p>[QUOTE="yakpoo, post: 843305, member: 18157"]When my Father passed, he left me twelve (12) mint bags (5000 coins per bag) of Lincoln Memorial Cents (1959-1964...p/d). If I sold them on eBay, I "might" average $300 per bag...that's a 6x profit. Inflation has devalued this money 13x over the same period.</p><p> </p><p>So for 45-50 years, my Father dragged these bags around the country and lost half his money for his trouble. I'll likely do the same then pass "the Family Albatross" on to the next generation. In a couple of hundred years, we may get our money back. :goof:</p><p> </p><p>...and these are <b>Unc</b> coins! :headbang:[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 843305, member: 18157"]When my Father passed, he left me twelve (12) mint bags (5000 coins per bag) of Lincoln Memorial Cents (1959-1964...p/d). If I sold them on eBay, I "might" average $300 per bag...that's a 6x profit. Inflation has devalued this money 13x over the same period. So for 45-50 years, my Father dragged these bags around the country and lost half his money for his trouble. I'll likely do the same then pass "the Family Albatross" on to the next generation. In a couple of hundred years, we may get our money back. :goof: ...and these are [B]Unc[/B] coins! :headbang:[/QUOTE]
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