Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should we be jumping on the penny hoarding bandwagon??
>
Reply to Thread
Message:
<p>[QUOTE="saltysam-1, post: 1321164, member: 23368"]I think if this law does come about, there might be provisions within in it, to control mass melting. Besides, I don't think the banks want to become a clearing house for open and searched rolls of pennies. The potential cost of handling, storage and rerolling these coins, is not what they want to get into. There may even be a limit or charge by the banks for turning in open rolls of coins. Many banks and public areas, have counters you pay to use now, if you are depositing raw coinage in large amounts. So this cost might even be intentionally high enough, to eliminate hoarders from depositing vast amount of coins. And if it ends up eating more of the profit, just how far ahead of the game are you? Just food for thought. It is a calculated risk, not a certainty.[/QUOTE]</p><p><br /></p>
[QUOTE="saltysam-1, post: 1321164, member: 23368"]I think if this law does come about, there might be provisions within in it, to control mass melting. Besides, I don't think the banks want to become a clearing house for open and searched rolls of pennies. The potential cost of handling, storage and rerolling these coins, is not what they want to get into. There may even be a limit or charge by the banks for turning in open rolls of coins. Many banks and public areas, have counters you pay to use now, if you are depositing raw coinage in large amounts. So this cost might even be intentionally high enough, to eliminate hoarders from depositing vast amount of coins. And if it ends up eating more of the profit, just how far ahead of the game are you? Just food for thought. It is a calculated risk, not a certainty.[/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
>
Coin Chat
>
Should we be jumping on the penny hoarding bandwagon??
>
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...