Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Saving Copper Pennies, is it worth it?
>
Reply to Thread
Message:
<p>[QUOTE="doug444, post: 1918130, member: 38849"]The problem with saving cents or nickels for a dollar collapse -- when you sell, you get paid in rapidly-depreciating paper dollars. In addition, your buyer of copper and nickel metals is unlikely to be a smelter, he's planning to sell them to somebody else, a "somebody" who's planning to break the law, and you are at the buyer's mercy, as a middleman probably prefers to broker silver or gold.</p><p><br /></p><p>When the ATFE or Federal marshals come calling, I would not want to be in a chain of ownership of 0.01 or 0.05 coins, especially if there are capital controls already in force.</p><p><br /></p><p>Not true for silver and gold bullion coins, where you can piece them out, secretly, one at a time, or one roll at a time, to a much more robust and competitive market.</p><p><br /></p><p>It's tough to make a buck nowadays.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1918130, member: 38849"]The problem with saving cents or nickels for a dollar collapse -- when you sell, you get paid in rapidly-depreciating paper dollars. In addition, your buyer of copper and nickel metals is unlikely to be a smelter, he's planning to sell them to somebody else, a "somebody" who's planning to break the law, and you are at the buyer's mercy, as a middleman probably prefers to broker silver or gold. When the ATFE or Federal marshals come calling, I would not want to be in a chain of ownership of 0.01 or 0.05 coins, especially if there are capital controls already in force. Not true for silver and gold bullion coins, where you can piece them out, secretly, one at a time, or one roll at a time, to a much more robust and competitive market. It's tough to make a buck nowadays.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Saving Copper Pennies, is it worth it?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...