Message:

<p>[QUOTE=&quot;Slider, post: 1705960, member: 44205&quot;]wait...what am I missing here?&nbsp; why on earth would you pay $1 per roll when you can buy them for face value at the bank? I occasionally search penny rolls for wheats, and can find about a dozen wheats per $25 box, but pre-82 copper numbers average 25-50% of the roll.&nbsp; I know that sorting pennies takes effort, but I can separate a $25 box of pennies for the copper over the course of an hour or two in front of the tv.&nbsp; </p><p><br /></p><p>Copper is never going to explode in value in the way that precious metals occasionally do.&nbsp; First of all, compared to PMs, there is a virtually limitless supply of it in the earth&#039;s crust.&nbsp; Moreover, it&#039;s heavily recycled, and as an industrial metal, every time the price goes up, somebody figures out a way to use less of it.&nbsp; How many plumbers these days still put copper in a new build? </p><p><br /></p><p>Don&#039;t get me wrong - it&#039;s a fun experiment to hold your copper pennies in the hopes of someday being able to sell them at melt.&nbsp; I have a couple hundred rolls in my safe. But when a copper penny can be bought at a face value that is half its melt value, it makes no sense to pay melt on the price.&nbsp; The guys who bought (and continue to buy) copper rounds from the online dealers are getting taken to the cleaners by sellers who are simply riding the current wave of popularity in physical metals.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in