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<p>[QUOTE="bhp3rd, post: 843327, member: 16510"]So here is a man who put aside <b>mint state copper coins in mint bags</b> for between 46 and 50 years. At the end of that time he/his son managed to only make .06 cents each. He only lost 7% of his total investment due to inflation and you guys are <u>hedging your bets on only .02 cents each? </u></p><p> </p><p>So today you have no buyer, no seller, no way to legally smelt them, no way to look ahead for any real possibilties to gain money from these and your saving them, good for you!. Add to that some are even predicting all memorial copper cents will or could be pulled from circulation as that will only take about 154 years.</p><p>Then add in the money lost to inflation over the time peroid whatever that happens to be I say boys go for it I wish you the best of luck, your gonna need it.</p><p> </p><p>To further answer the others on my logic here it is: You have a coin you say is worth .02 cents each in copper but what you really have is a coin worth .01 cent. If there are no buyers, no one across the table or counter willing to offer you that money. No one even in the wings to pay .02 cents each you got nothing but .01 cent. Nothing X's .01 cent equals .01 cent. It's as simple as that. Even if there was a buyer and the cents are worth .02 cents in copper do you think he's going to pay you .02 cents each?</p><p> </p><p>If you guys want to save them then that's just great, save them. I spoke with a PM smelter about this one time and he thought each copper cent would need to be worth at least .06 cents to .09 each in copper before anyone would even consider smelting them if it was legal - you guys are not going to see .06 let alone .09 cent each copper in your live time, no way, no how IMO.</p><p> </p><p>So you save them and I will not how about that - it's the stupidist thing I ever heard of but you may do whatever you feel you need to.[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 843327, member: 16510"]So here is a man who put aside [B]mint state copper coins in mint bags[/B] for between 46 and 50 years. At the end of that time he/his son managed to only make .06 cents each. He only lost 7% of his total investment due to inflation and you guys are [U]hedging your bets on only .02 cents each? [/U] So today you have no buyer, no seller, no way to legally smelt them, no way to look ahead for any real possibilties to gain money from these and your saving them, good for you!. Add to that some are even predicting all memorial copper cents will or could be pulled from circulation as that will only take about 154 years. Then add in the money lost to inflation over the time peroid whatever that happens to be I say boys go for it I wish you the best of luck, your gonna need it. To further answer the others on my logic here it is: You have a coin you say is worth .02 cents each in copper but what you really have is a coin worth .01 cent. If there are no buyers, no one across the table or counter willing to offer you that money. No one even in the wings to pay .02 cents each you got nothing but .01 cent. Nothing X's .01 cent equals .01 cent. It's as simple as that. Even if there was a buyer and the cents are worth .02 cents in copper do you think he's going to pay you .02 cents each? If you guys want to save them then that's just great, save them. I spoke with a PM smelter about this one time and he thought each copper cent would need to be worth at least .06 cents to .09 each in copper before anyone would even consider smelting them if it was legal - you guys are not going to see .06 let alone .09 cent each copper in your live time, no way, no how IMO. So you save them and I will not how about that - it's the stupidist thing I ever heard of but you may do whatever you feel you need to.[/QUOTE]
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