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Who’s collecting pre 82 pennies for copper value
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<p>[QUOTE="-jeffB, post: 25673759, member: 27832"]Not as long as there are "greater fools" out there. There seems to be a steady stream of buyers at 2x FV or more. (I'm not one of them.)</p><p><br /></p><p>There was a time when you were better off rolling up 90% silver and depositing it, and a longer time when you were better off rolling up 40% silver and depositing it. There will certainly come a day when copper cents are worth well over face value, even after taking the hit for the lower copper grade...</p><p><br /></p><p>...but <i>they still won't be worth much</i> in ACTUAL value. Who cares that you'll get 25 cents each for pre-1982 cents, if it takes fifty bucks to buy a small burger? You're better off selling <i>or</i> depositing them now, and putting the money into something that will stay ahead of inflation. Or, of course, you can sit on a room full of cents, waiting for your small fortune to, well, remain a small fortune.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 25673759, member: 27832"]Not as long as there are "greater fools" out there. There seems to be a steady stream of buyers at 2x FV or more. (I'm not one of them.) There was a time when you were better off rolling up 90% silver and depositing it, and a longer time when you were better off rolling up 40% silver and depositing it. There will certainly come a day when copper cents are worth well over face value, even after taking the hit for the lower copper grade... ...but [I]they still won't be worth much[/I] in ACTUAL value. Who cares that you'll get 25 cents each for pre-1982 cents, if it takes fifty bucks to buy a small burger? You're better off selling [I]or[/I] depositing them now, and putting the money into something that will stay ahead of inflation. Or, of course, you can sit on a room full of cents, waiting for your small fortune to, well, remain a small fortune.[/QUOTE]
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