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Is Hoarding Pre-1982 Copper Cents Pointless!
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<p>[QUOTE="dctjr80, post: 844827, member: 15915"]<b>What?!?</b></p><p><br /></p><p><br /></p><p><br /></p><p>1) You can sell for more than face currently, albeit a small amount over face, but accelerating.</p><p><br /></p><p>2) I do not understand your assumption? They aren't minted any longer and haven't been since 1909-1982 Cent (95% copper) - Now they are 1982-2010 Cent (97.5% zinc).</p><p><br /></p><p>3) Where have you been Silver U.S. Currency has been being melted for the silver since they lifted the Silver melt ban in 1969 and they have only put a ban on melting Cents and Nickels back in 2006 so that people wouldn't start melting them immediately. Once they recover the majority of the 95% copper cents back from circulation they will lift the ban, just like they did with silver in "1969".</p><p><br /></p><p>4) The melt value of a pre-1982 cents copper has been greater than the value of a cent for a long time now, here is a spot price today Description/1909-1982 Cent (95% copper) *, Denomination/$0.01, Metal Value/$0.0221993, Metal % of Denomination/221.99% <a href="http://www.coinflation.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/" rel="nofollow">CoinFlation</a>[/QUOTE]</p><p><br /></p>
[QUOTE="dctjr80, post: 844827, member: 15915"][b]What?!?[/b] 1) You can sell for more than face currently, albeit a small amount over face, but accelerating. 2) I do not understand your assumption? They aren't minted any longer and haven't been since 1909-1982 Cent (95% copper) - Now they are 1982-2010 Cent (97.5% zinc). 3) Where have you been Silver U.S. Currency has been being melted for the silver since they lifted the Silver melt ban in 1969 and they have only put a ban on melting Cents and Nickels back in 2006 so that people wouldn't start melting them immediately. Once they recover the majority of the 95% copper cents back from circulation they will lift the ban, just like they did with silver in "1969". 4) The melt value of a pre-1982 cents copper has been greater than the value of a cent for a long time now, here is a spot price today Description/1909-1982 Cent (95% copper) *, Denomination/$0.01, Metal Value/$0.0221993, Metal % of Denomination/221.99% [URL="http://www.coinflation.com/"]CoinFlation[/URL][/QUOTE]
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