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Rare Penny
New Member
20 Posts |
 Posted - 05/06/2008 : 15:09:34
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Poll Question:
how soon will the SHTF so we can melt and sell?
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topeka
Penny Pincher Member
160 Posts |
Posted - 05/06/2008 : 16:38:25
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Is it necessary that we melt?
Can't we simply trade junk copper? |
Silver..poor mans gold
Copper..peasant silver |
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Ardent Listener
Administrator
USA
3436 Posts |
Posted - 05/06/2008 : 16:55:17
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quote:
Originally posted by topeka
Is it necessary that we melt?
Can't we simply trade junk copper?
Nor do I feel that the S would have to hit the fan for us to make a profit. |
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Epaphras
Penny Collector Member
USA
362 Posts |
Posted - 05/06/2008 : 17:00:42
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| Why are we in a rush for the melt ban to be up? The ban is to us small-time hoarders an advantage. |
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Flbandit
Penny Hoarding Member
USA
567 Posts |
Posted - 05/06/2008 : 18:19:02
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| You can make a profit now on coppers, but it'll definately go up if the ban goes away. |
Are you throwing that out? |
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Delawhere Jack
1000+ Penny Miser Member
USA
1282 Posts |
Posted - 05/06/2008 : 18:36:09
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quote:
Originally posted by esther kraycik
how soon will the SHTF so we can melt and sell?
Who knows? But personally, I think it'll come sooner than most expect. Probably not until after the upcoming bullsh!t election.
"Go back to sleep America, your government has everything under control. Watch TV, watch some sports, or porn, or cable news drivel, but remember to SPEND SPEND SPEND!!!" |
You cannot argue with Tyranny, you must defeat it. |
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HoardCopperByTheTon
Administrator
USA
5190 Posts |
Posted - 05/06/2008 : 18:56:47
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| You can melt and sell now. Of course it is not legal.. but you can do it. If you get caught the govt might take care of you on an early retirement program. Of course you can sell without melting right now legally. Do you have so many that you are anxious to hurry up and sell them off? As Epaphras states, the melt ban is an advantage to us smaller hoarders. Once the ban is lifted the industrial sorting will start in earnest and all the copper will disappear. I am not anxious to see it lifted. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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lukeownzu
Penny Collector Member
364 Posts |
Posted - 05/06/2008 : 19:14:16
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quote:
Originally posted by HoardCopperByTheTon
You can melt and sell now. Of course it is not legal.. but you can do it. If you get caught the govt might take care of you on an early retirement program. Of course you can sell without melting right now legally. Do you have so many that you are anxious to hurry up and sell them off? As Epaphras states, the melt ban is an advantage to us smaller hoarders. Once the ban is lifted the industrial sorting will start in earnest and all the copper will disappear. I am not anxious to see it lifted.
Because we have to send them it is not exactly legal anyhoo :p |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 05/06/2008 : 19:25:02
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I don't know exactly when, but hard times are a'coming I fear.
And I concur that the melt ban is what is keeping the copper in circulation.
Besides, if it gets to the point that bartering is big, wouldn't having the copper in bullion form make it easier to trade? A little bulky maybe, but everyone recognizes a dated penny, whereas a copper ingot could be of questionable purity.
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Sorting In Northwest Mississippi |
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lukeownzu
Penny Collector Member
364 Posts |
Posted - 05/06/2008 : 19:31:24
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quote:
Originally posted by WilliamC
I don't know exactly when, but hard times are a'coming I fear.
And I concur that the melt ban is what is keeping the copper in circulation.
Besides, if it gets to the point that bartering is big, wouldn't having the copper in bullion form make it easier to trade? A little bulky maybe, but everyone recognizes a dated penny, whereas a copper ingot could be of questionable purity.
Good point. |
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knibloe
Penny Hoarding Member
USA
766 Posts |
Posted - 05/06/2008 : 21:41:46
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| I agree that SHTF is not needed for making a profit on copper. Silver coins are selling over their face value without the need for them to be melted. |
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Rare Penny
New Member
20 Posts |
Posted - 05/07/2008 : 08:05:46
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| you all make good points about the melt ban protecting us small hoarders...but where do you sell? i never see sellers making a significant profit on ebay...i would love to find someone willing to melt now |
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NotABigDeal
1000+ Penny Miser Member
USA
3246 Posts |
Posted - 05/07/2008 : 19:46:52
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As far as buyers, many on here buy and sell with each other....Melt ban, we all need it to last as long as possible. Once the ban is lifted there will be major commercialization of copper sorting. The copper would soon dry up. I hope it isn't lifted until the coppers are gone....
Deal |
Gun control is like trying to reduce drunk driving by making it harder for sober people to own cars.
If you want peace, prepare for war. |
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HoardCopperByTheTon
Administrator
USA
5190 Posts |
Posted - 05/07/2008 : 20:10:46
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quote:
Originally posted by Rare Penny
you all make good points about the melt ban protecting us small hoarders...but where do you sell? i never see sellers making a significant profit on ebay...i would love to find someone willing to melt now
If you were to see sellers making a "significant profit" on ebay, you would suddenly see significantly more sellers and the price would slide back down.
What, you thought this was easy money?
If you were to find someone willing to "melt now" and risk fines and prison what price do you think they would want to pay you? Certainly not melt.. nowhere near melt. Why would they pay you more than they could purchase the same thing on eBay for? They would look at a list of completed auctions and then try to negotiate a direct price lower than that.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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kwen25
New Member
USA
2 Posts |
Posted - 05/08/2008 : 02:43:04
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In the long run they should be worth more as pennies than as melted scrap, as you will have the sum of both the copper value and the numismatic value. And as someone else said, even post-SHTF, people will instantly recognize the percent of copper purity in a pre-82 penny, but have no idea what content of scrap copper is.
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Rare Penny
New Member
20 Posts |
Posted - 05/08/2008 : 09:02:22
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by Rare Penny
you all make good points about the melt ban protecting us small hoarders...but where do you sell? i never see sellers making a significant profit on ebay...i would love to find someone willing to melt now
If you were to see sellers making a "significant profit" on ebay, you would suddenly see significantly more sellers and the price would slide back down.
What, you thought this was easy money?
If you were to find someone willing to "melt now" and risk fines and prison what price do you think they would want to pay you? Certainly not melt.. nowhere near melt. Why would they pay you more than they could purchase the same thing on eBay for? They would look at a list of completed auctions and then try to negotiate a direct price lower than that.
i didnt mean i would try to sell to a melter. i would rather share the risk and the profit with someone willing to melt. |
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PennehChaos.
Penny Collector Member
USA
267 Posts |
Posted - 05/08/2008 : 10:48:31
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quote:
Originally posted by Flbandit
You can make a profit now on coppers, but it'll definately go up if the ban goes away.
Actually, i imagine that once the melt ban is lifted, there will be a short-term dip in the market price of copper in the U.S. as hoarders cash out, and industrial-scale sorters start cranking up. i'd wait a while, m'self. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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wheeler_dealer
Penny Pincher Member
USA
245 Posts |
Posted - 05/08/2008 : 23:16:14
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Why hurry to melt and sell. The penny like silver coins is a recognizable form of metal it's weight and value are known and understood. While always good at face value the upside potential of the penny is probably one of the best long term opportunities available to the astute individual willing to put forth the effort necessary to accumulate.
If you want to sell out your accumulation post on buy, sell trade. I'm sure there are no shortage of buyers. |
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20cc0
New Member
11 Posts |
Posted - 05/10/2008 : 23:26:28
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quote:
Actually, i imagine that once the melt ban is lifted, there will be a short-term dip in the market price of copper
That is a very good point. I totally agree!
LONG LIVE THE MELT BAN!! |
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HoardCopperByTheTon
Administrator
USA
5190 Posts |
Posted - 05/10/2008 : 23:30:54
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I agree.. Long live the melt ban!
Actually, if you look at the latest legistlation proposed by that congess critter to change the penny and nickel content to steel you will notice that the time to convert the penny is way shorter than for the nickel. Could this be because Jackson Metals still has that congress critter in their pocket and the whole thing is to try to hurry up the conversion to alternate metal so the melt ban on pennies can be lifted soon thereafter? When the melt ban is lifted it will be bad news for us guys here on the board. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Gr33nday43
Penny Hoarding Member
Uzbekistan
882 Posts |
Posted - 05/11/2008 : 13:23:01
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| I said five years. I also hope that the melt ban stays in place so we can have a supply of coppers. |
Rand Paul for 2010 KY Senate Race - http://www.randpaul2010.com
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http://coppermillions.blogspot.com/
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fb101
Moderator
USA
2226 Posts |
Posted - 06/03/2008 : 09:44:26
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quote:
Originally posted by HoardCopperByTheTon
You can melt and sell now. Of course it is not legal.. but you can do it. If you get caught the govt might take care of you on an early retirement program. Of course you can sell without melting right now legally. Do you have so many that you are anxious to hurry up and sell them off? As Epaphras states, the melt ban is an advantage to us smaller hoarders. Once the ban is lifted the industrial sorting will start in earnest and all the copper will disappear. I am not anxious to see it lifted.
Us smaller hoarders? The only one that can compete with you is the BOE (Bank of England) |
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Lemon Thrower
Penny Hoarding Member
USA
904 Posts |
Posted - 06/19/2008 : 20:32:15
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lifting the melt ban would allow small horders to get close to melt value, 90% or more, but it would kill the golden goose. Would you really want to do this if you are only finding 2% Cu rather than 20%?
longer term, demand for copper will skyrocket. electric cars and demand from india and china ensure this. medium term, we could see hyperinflation in the u.s. having real money is not a bad idea. junk silver is a little more convenient but hard to get for free. |
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HoardCopperByTheTon
Administrator
USA
5190 Posts |
Posted - 06/19/2008 : 21:09:16
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| Yeah, I would love to get 2% silver in my sorting of halves, quarters and dimes! For now I am very happy with the copper percentage as it is. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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redneck
Penny Hoarding Member
887 Posts |
Posted - 06/19/2008 : 23:02:07
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Quote;
you all make good points about the melt ban protecting us small hoarders...but where do you sell?
Sell...??? Sell...???
Never,never ever.
This is all about hoarding.
He who dies first with the most wins.
Uh-oh HCBTT don't you have the most? |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 06/19/2008 : 23:16:21
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quote:
Originally posted by wheeler_dealer
Why hurry to melt and sell. The penny like silver coins is a recognizable form of metal it's weight and value are known and understood.
I agree--there is no need to melt--just look at silver which trades based on "face"--it is a known quantity--just as copper pennies are. The melt ban might need to be lifted to realize the true value of the copper pennies, but I think they will trade just like "junk" silver--no need to melt. |
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SHTF
