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Should we be jumping on the penny hoarding bandwagon??
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<p>[QUOTE="10gary22, post: 1320984, member: 23626"]As a roll searcher, I have always pulled the copper. Why dump something back that has a metal content worth 2-3 times the FV ? Of course, the quantity I can save is fairly small and does not affect my living budget. I figure, if needed, I could take them to the bank at any time.</p><p><br /></p><p>My thought is that as soon as the ban on melting them is lifted, they will disappear by the millions. Then, the collectible copper will either die or become more expensive.</p><p><br /></p><p>The thing about collecting is, that unless a coin series is available in circulation, it doesn't attract many new collectors. Few people start this hobby buying expensive coins for a set. At this point in time, who can say what will happen with cent prices ? But doesn't it make you sick to think that a corporate hoarder is pulling perhaps keys or semis and setting aside for melting without even bothering to look ? It does me, but that's what we are all about, turning a buck. Of course, the bigger the scale, the more bucks to be made.</p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1320984, member: 23626"]As a roll searcher, I have always pulled the copper. Why dump something back that has a metal content worth 2-3 times the FV ? Of course, the quantity I can save is fairly small and does not affect my living budget. I figure, if needed, I could take them to the bank at any time. My thought is that as soon as the ban on melting them is lifted, they will disappear by the millions. Then, the collectible copper will either die or become more expensive. The thing about collecting is, that unless a coin series is available in circulation, it doesn't attract many new collectors. Few people start this hobby buying expensive coins for a set. At this point in time, who can say what will happen with cent prices ? But doesn't it make you sick to think that a corporate hoarder is pulling perhaps keys or semis and setting aside for melting without even bothering to look ? It does me, but that's what we are all about, turning a buck. Of course, the bigger the scale, the more bucks to be made. gary[/QUOTE]
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