| Author |
 Topic  |
|
Ponce
Penny Hoarding Member
Cuba
630 Posts |
 Posted - 11/25/2009 : 12:37:01
|
Just got back from my bank where I ordered 50 more bricks of nickels.
The lady looked at me like if I was crazy and told me that it would be a couple of weeks before I get them.
Pretty nice deal, I'll give them $5,000 and they will give me back $6,000 hahahahahahah.
WTSHTF it will go higher and when they stop making them as they are now still higher........love it.
|
"If you don't hold it, you don't own it"...Ponce |
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/25/2009 : 15:03:47
|
| What do you mean they will give you $6,000? How long does it take you to sort that many or do you just hold onto all of them? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
 |
|
|
JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 11/25/2009 : 15:41:32
|
| I'm not following you as to why they'll give you an extra 1k free. Care to elaborate? |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
|
|
|
|
misteroman
Administrator
USA
2565 Posts |
Posted - 11/26/2009 : 11:09:50
|
| LOL, man you people have many posts too, but didn't catch what he was saying? Face value vs bullion value. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
|
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/26/2009 : 13:19:48
|
well I do not ever think there is such a thing as a dumb question so I feel free to ask whatever I want
maybe if u have the answer you can just share ur answer vs making fun of my question
nickels arent worth more than face currently so i feel my question is legit |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
|
|
|
misteroman
Administrator
USA
2565 Posts |
Posted - 11/26/2009 : 14:04:02
|
| I was only making fun in a light hearted family way which we are on here. Not a what a moron kind of way. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 11/26/2009 : 14:40:03
|
Yeah, I'd like to understand his math better too. The bullion value of nickels is currently less than face value.
And anything else or future is just speculative.
Please elaborate Ponce. |
"May your percentages ever increase!" |
|
|
|
misteroman
Administrator
USA
2565 Posts |
Posted - 11/26/2009 : 18:24:25
|
| maybe there is a mark up in Cuba for american money lol |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
|
|
|
Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 11/26/2009 : 18:39:05
|
| As any old-timer on the board will attest, Ponce likes to speculate on the future. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
|
|
|
theo
Penny Hoarding Member
USA
588 Posts |
Posted - 11/27/2009 : 09:25:36
|
quote:
Originally posted by Nickelmeister
As any old-timer on the board will attest, Ponce likes to speculate on the future.
Agreed, Ponce appears to put more stock in his own perception of value than that of the market/government. Since I have a modest stash of nickels myself, its hard for me to disagree. As for how he comes up with the actual numbers, you'd have to ask him. |
Edited by - theo on 11/27/2009 09:26:13 |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 11/27/2009 : 11:34:10
|
| we did..... and we are awaiting his response! ;-P |
"May your percentages ever increase!" |
|
|
|
zerocd
Penny Hoarding Member
555 Posts |
Posted - 11/27/2009 : 17:53:28
|
He won't lose any money.
|
|
|
|
Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 12/04/2009 : 18:39:17
|
Yesterday the bank called me because they wanted the money ahead of time in my account.....so I took the cash and placed it in my acount..........but.....something fishy going on because they want me to go and pick up my 50 bricks of nickels on the 16 between 2 and 4 pm.
I'll be be givin a check for the $5,000 to a neighbord of mine to go and pick it up for me and I'll give him $50.00 for one hour of work...
=====================================================================
Now then........remember Germany in 1923 when this old lady did just fine with her bath tube full of loose change?, the reason for that was that the government had 125 printing houses printing more paper fiat but none for coins so that the "old" paper fiat and the coins were of more value.
Is a brick of nickels more valuable than a $100.00 dollat bill???........you tell me......hold a one hundred dollar bill in your left hand and a brick of nickels (if you can) in your right hand and tell me which one feels more real......you can do a lot more with metal (and a lot of it) that you can with one little piece of paper.
Drill a hole in a nickel to use as a washer and then go to the store and compared the price, I guaranteed you that the one at the store will cost you at least ten cents.......I know because I already done that.
You can use nickels as a sinker for fishing or around an explosive to kill people or in a shoot gun as pellets and a lot more.......can you do the same with a $100.00 dollar bill?
Besides if anything with time the nickel will be more valuable......specially when the government starts making nickel but with no nickel in it.
In the future you will ALWAYS be able to get a $100.00 bill for your brick of nickels but you will not be able to get a brick of nickels for a $100.00 dollar bill.........remember that.
I HAVE SPOKEN......LET IT BE SO.........ufffffffffffff God Ponce is here hahahahahahaha. |
"If you don't hold it, you don't own it"...Ponce |
|
|
|
totalcount
Penny Sorter Member
USA
77 Posts |
Posted - 12/04/2009 : 19:26:06
|
quote:
Originally posted by Ponce
Yesterday the bank called me because they wanted the money ahead of time in my account.....so I took the cash and placed it in my acount..........but.....something fishy going on because they want me to go and pick up my 50 bricks of nickels on the 16 between 2 and 4 pm.
They probably get the delivery by 2pm and close at 4pm. They don't want to leave it in the vault overnight because either they don't have enough space or their liability insurance has limits to the amount of change it will cover. |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 12/04/2009 : 20:39:13
|
I'm starting to put away a few bricks myself, but mostly because I can't score penny boxes fast enough. I think this whole commodity thing is going to snowball much faster than anyone realizes. Doesn't hurt to hold a brick or two if it's affordable but, that said, I like the upside potential for the copper pennies best. I just get a kick out of the time machine effect and picking them up for free now. In a few years people will look back and wish "why didn't I think of that?"
 |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
|
|
|
Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 12/05/2009 : 17:22:48
|
Yes total count but they close the bank at 5 pm......
Well, I made the deal with someone that I know....he builder of my log cabin and on the 16 he will pick them up.......will keep you updated. |
"If you don't hold it, you don't own it"...Ponce |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/06/2009 : 03:01:16
|
So inform us on Cuban nickels. What are they made of? What dates are found 'in the wild'? Are there any rare dates? Has the composition changed any over the years?
does your friend know how much work he will have to do? And does he have a vehicle/truck than can haul them? That has to be a pretty heavy load. |
"May your percentages ever increase!" |
|
|
|
Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 12/06/2009 : 12:31:15
|
| They used to use aluminum for the nickels in Cuba.........the weight of ten bricks is of 220 lbs so that fifty bricks will weight 1,100 lbs, I wil have him take it to my home....and yes,he does have a big truck. |
"If you don't hold it, you don't own it"...Ponce |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/07/2009 : 10:23:59
|
So their bullion value is only slightly more than $1000. Are you counting totally on their numismatic value or on their supply/demand value for these to pay out?
And I don't think Aluminum would make very universal/useable washers. They wouldn't be strong enough.
Anyway, just my thoughts. I do find this whole endeavor very interesting!!! And hope to keep learning more about it. |
"May your percentages ever increase!" |
|
|
|
Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 12/07/2009 : 12:09:53
|
| What makes silver and gold invaluable is the fact that they are not laying around like rocks on the ground and what will make today's coins valuable is that they no longer will be minted so is not the coin themselves but rather the value that people will give it for its rarity and something that people will accept as a medium of exchange among everyone....... |
"If you don't hold it, you don't own it"...Ponce |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/07/2009 : 12:50:48
|
nickels right now are a free option on higher copper prices and hyperinflation.
first, they won't go down below 5 cents.
second, its good to have some u.s. money outside of the banking system.
third, there is a play here longer term like the play on copper pennies. the two differences are (1) you don't have to sort, and (2) the option is not in the money now. right now the value of the nickel in a nickel coin is about 1.8 cents. if copper rises another 20% and nickel stays at least level, then a nickel will be worth a nickel. if copper and nickel rise more, then you are in the money without sorting.
of course, any fool can go to the bank and get nickels. It wasn't that long ago, summer a year ago i think, when nickels were worth 7.5 cents melt value. you couldn't sell them for a premium because of the melt ban and because there was an unlimited supply available at the bank. but if we get the sort of hyperinflation that some expect, they'll change the composition of nickels pretty quickly. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/11/2009 : 11:35:29
|
okay, I need to get it clarified.... Is Ponce in Cuba and buying Cuban nickels or what?
IT should have been obvious that that is what I had understood, but...
from another post that I read that Ponce had made, I am under the impression that he ordered 50 bricks of US nickels.
Which does make a little sense.
And YES, the value of a nickel can go down. As hyperinflation happens, what a nickel can buy becomes less and less..... until the melt ban is lifted and their intrinsic metal value becomes available.
BUT, I'm not sure that nickels will ever be traded as money if the dollar goes bust and people are bartering or another country consumes us, or..... whatever. I don't see people still holding and trading nickels as their way of buying and selling things once the dollar is 'gone with the wind.' |
"May your percentages ever increase!" |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/11/2009 : 11:47:56
|
quote:
Originally posted by wolvesdad
okay, I need to get it clarified.... Is Ponce in Cuba and buying Cuban nickels or what?
IT should have been obvious that that is what I had understood, but...
from another post that I read that Ponce had made, I am under the impression that he ordered 50 bricks of US nickels.
Which does make a little sense.
And YES, the value of a nickel can go down. As hyperinflation happens, what a nickel can buy becomes less and less..... until the melt ban is lifted and their intrinsic metal value becomes available.
BUT, I'm not sure that nickels will ever be traded as money if the dollar goes bust and people are bartering or another country consumes us, or..... whatever. I don't see people still holding and trading nickels as their way of buying and selling things once the dollar is 'gone with the wind.'
Just for the record, Ponce isn't in Cuba but rather at an undisclosed location in the American Northwest.
Back to the nickels. Buying those bricks are starting to look more appealing to me again given the current economic news and/or predictions. Once some type of stability re-occurs people will be looking for a system of money to expand from simple one on one trading. There isn't, nor has there ever been, anything wrong with copper, nickel or cupronickel coins as a unit of money. I believe people will use base metal coins as money since you can't inflate them and they already know what they are.
Trust Uncle Ponce since he know of what he speaks.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/11/2009 : 11:55:15
|
quote:
Originally posted by Lemon Thrower
Of course, any fool can go to the bank and get nickels. It wasn't that long ago, summer a year ago i think, when nickels were worth 7.5 cents melt value.
Yes, any "fool" could, but chances are they won't.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/11/2009 : 13:11:25
|
quote:
Originally posted by Ardent Listener
quote:
Originally posted by Lemon Thrower
Of course, any fool can go to the bank and get nickels. It wasn't that long ago, summer a year ago i think, when nickels were worth 7.5 cents melt value.
Yes, any "fool" could, but chances are they won't.
i was explaining why you can't get more than face for so long as there is a melt ban and the nickels are freely available at the bank. If the mint stops producing nickels or changes the composition, then that changes everything. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/11/2009 : 15:02:14
|
I've been around here for a while. BUt I guess I just don't know Ponce as well as everyone else.
It is funny to me that everyone else answers Ponce's questions for him.
What is he the Godfather or something? |
"May your percentages ever increase!" |
|
|
|
Topic |
|
50 more bricks......
Forum Locked
