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 Hoarding Copper Bullion Pennies
 Did your wife turn in your hoard?
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coppernicus
Penny Pincher Member


USA
144 Posts

Posted - 08/15/2008 :  19:12:11  Show Profile Send coppernicus a Private Message  Reply with Quote
I got $20 of CWR that were 95% copper at the Credit Union yesterday. Your spouse didn't get mad at you and turn in a box of coppers did they? :) You gotta like it when you get 40 rolls pre sorted like that. The one thing that was kind of interesting is that there was probably on average only 1 or 2 zincs per roll, however rather than being 1983 or 1984 they would be 1995, 2006. How does someone get rolls with only one zinc and it is in the middle of the roll and from 2006?

HoardCopperByTheTon
Administrator



USA
3603 Posts

Posted - 08/15/2008 :  19:24:32  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
What it means is that it is probably an old change jar finally getting rolled and cashed in. It would have lots of older coins and maybe a few newer ones. We will probably be seeing a lot more of this. A fellow hoarder out here just got $80 of solid copper rolls. Now is the time to get as many CWR as you can from your banks.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.



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TXTim
Penny Pincher Member



239 Posts

Posted - 08/15/2008 :  22:06:47  Show Profile Send TXTim a Private Message  Reply with Quote
quote:
Originally posted by HoardCopperByTheTon

What it means is that it is probably an old change jar finally getting rolled and cashed in. It would have lots of older coins and maybe a few newer ones. We will probably be seeing a lot more of this. A fellow hoarder out here just got $80 of solid copper rolls. Now is the time to get as many CWR as you can from your banks.



I just got $42 solid- no wheats - all 70's.

Beer is my currency.
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Tourney64
Penny Hoarding Member



USA
713 Posts

Posted - 08/15/2008 :  22:21:20  Show Profile Send Tourney64 a Private Message  Reply with Quote
It didn't come from me. She's back on the warpath with my hobby again.
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 08/16/2008 :  02:18:28  Show Profile Send Nickelless a Private Message  Reply with Quote
quote:
Originally posted by Tourney64

It didn't come from me. She's back on the warpath with my hobby again.

Are your coppers taking up a lot of space? Unless you live in a really small place, space shouldn't be an issue (unless you're HCBTT). $1000 in coppers easily fits inside two average-size office supply boxes, and most people, I would think, would have at least this much space available somewhere.

Here's the style of Tyvek envelope I've been using for $50 copper lots:

http://www.discountofficesupplies.com/productCatalogWebApp/productdetail.do?rcompid=N&detailId=QUAR1580&srchinterface=itemdetail&clientid=dos&in_merch=1

Fill several of these with $50 lots and extrapolate the volume those take up with how much copper you have, and you'll see that space really shouldn't be an issue. Especially since you could move $50 bags around to fill nooks and crannies where you have space instead of just trying to find room for 5-gallon pails, this might be a better option both to help you maximize your copper-storage space and to show your wife that the copper can be put in places where you probably weren't using all available space anyway.


Maybe Horgad could weigh in on how much space the $650 in coppers that I sold him took up (or didn't take up) in the Tyvek bags.

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com

Edited by - Nickelless on 08/16/2008 02:36:48
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HoardCopperByTheTon
Administrator



USA
3603 Posts

Posted - 08/16/2008 :  17:54:29  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
quote:
Originally posted by Nickelless

Are your coppers taking up a lot of space? Unless you live in a really small place, space shouldn't be an issue (unless you're HCBTT).


Nope, not taking up too much space at all. I can get a ton in 1 bag. You would be surprised at how small the footprint of a ton really is.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.



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Tourney64
Penny Hoarding Member



USA
713 Posts

Posted - 08/17/2008 :  10:10:19  Show Profile Send Tourney64 a Private Message  Reply with Quote
Space is not an issue. I have an entire unfinished basement. 1,000 sq ft - 9 ft high ceilings. I don't have much of a hoard right now only 4 buckets full. Time spent hoarding vs. time spent with the wife is the main issue.
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 08/17/2008 :  10:23:42  Show Profile Send Nickelless a Private Message  Reply with Quote
quote:
Originally posted by Tourney64

Space is not an issue. I have an entire unfinished basement. 1,000 sq ft - 9 ft high ceilings. I don't have much of a hoard right now only 4 buckets full. Time spent hoarding vs. time spent with the wife is the main issue.

Maybe your wife could help you hoard? Seems like that'd be a great opportunity for a family activity. Plus it would help reinforce with the rest of the family the wisdom of hoarding instead of the "American way" of borrowing and mortgaging our future away.

A lot of my Brinks stockpile (just a few hundred dollars in bricks at the moment) has been piling up at my girlfriend's apartment and she and I have had a lot of conversation time while breaking open the bricks and dumping coins into the Ryedale. Maybe you and your wife could do the same?

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com

Edited by - Nickelless on 08/17/2008 10:46:04
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Tourney64
Penny Hoarding Member



USA
713 Posts

Posted - 08/17/2008 :  11:06:13  Show Profile Send Tourney64 a Private Message  Reply with Quote
She has better things to do....like watching TV and complaining about me messing with my pennies.

Edited by - Tourney64 on 08/17/2008 11:06:33
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NotABigDeal
1000+ Penny Miser Member



USA
1848 Posts

Posted - 08/17/2008 :  11:11:33  Show Profile Send NotABigDeal a Private Message  Reply with Quote
quote:
Originally posted by Tourney64

She has better things to do....like watching TV and complaining about me messing with my pennies.


So, not to get too involved, but what is accomplished if you just sit there and watch TV with her? If she doesn't like you sorting I imagine she wouldn't like you talking during her show....

Deal

I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 08/17/2008 :  11:58:37  Show Profile Send Nickelless a Private Message  Reply with Quote
Tourney, does your wife not understand what you're doing? Or does she understand and just not care? I think this is more than just her seeing your pennies as a useless hobby, because the majority of Americans would think that people like us are nuts. These are the people who are trusting in their FRNs and 401(k)s and so on even now, seven years after Enron, Worldcom, etc. Does your wife not grasp that you're trying to hedge your bet against the future of fiat currency, or is she just so shortsighted when it comes to investing (which I think is a term that applies to us hoarders) that she can't see the forest for the trees?

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com
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NDFARMER
Penny Collector Member



USA
294 Posts

Posted - 08/17/2008 :  15:07:16  Show Profile Send NDFARMER a Private Message  Reply with Quote
I better go check my stack to see if any bricks are missing.

COPPER - the "poormans" precious metal!!!
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Tourney64
Penny Hoarding Member



USA
713 Posts

Posted - 08/17/2008 :  18:59:24  Show Profile Send Tourney64 a Private Message  Reply with Quote
My wife wants 2 things. Me to spend time quality with her, and me to fix our basement up. She also doesn't want me to work a 2nd job. By hoarding the pennies, I stay at home and make a little money when I sell. I have promised to use any profits to fix up our basement, only thing is, it's going to take a lot of pennies to make the estimated $30,000 to fix it up. I think maybe if I frame the copies of the checks I've received for selling pennies, maybe it will make her appreciate what I am doing. I sold all my hoard to Horgad and said now are you happy and she said why is he buying them? I said he believes the value will go up, as I do also, and she said then why did you sell them? I really can't win. I know what I'm doing is making things better for us. I just need to pick and choose the times to do my sorting.
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Ant
Penny Collector Member



402 Posts

Posted - 08/17/2008 :  20:33:58  Show Profile Send Ant a Private Message  Reply with Quote
quote:
Originally posted by Tourney64

I have promised to use any profits to fix up our basement, only thing is, it's going to take a lot of pennies to make the estimated $30,000 to fix it up.
At 2 cents per penny, that would be 1.5 million pennies.

What's the harm in sorting pennies? You're enjoying yourself and making some $$$ to boot. Plus, your wife's going to get a nice basement out of the deal? Sounds all right to me.

You sold all your hoard to Horgad? Maybe his name should be SteathilyHoardsCopperByTheTon.

"No, man. You gotta keep goin'. What am I gonna do? Quit? That's not an option. Life's a garden. Dig it? You make it work for you. You never give up, man. That's my philosophy." --Joe Dirt
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horgad
1000+ Penny Miser Member



USA
1349 Posts

Posted - 08/17/2008 :  21:41:51  Show Profile Send horgad a Private Message  Reply with Quote
quote:
Originally posted by Tourney64

My wife wants 2 things. Me to spend time quality with her, and me to fix our basement up. She also doesn't want me to work a 2nd job. By hoarding the pennies, I stay at home and make a little money when I sell. I have promised to use any profits to fix up our basement, only thing is, it's going to take a lot of pennies to make the estimated $30,000 to fix it up. I think maybe if I frame the copies of the checks I've received for selling pennies, maybe it will make her appreciate what I am doing. I sold all my hoard to Horgad and said now are you happy and she said why is he buying them? I said he believes the value will go up, as I do also, and she said then why did you sell them? I really can't win. I know what I'm doing is making things better for us. I just need to pick and choose the times to do my sorting.



Oh man, that is harsh. I feel for you.
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 08/17/2008 :  21:55:52  Show Profile Send Nickelless a Private Message  Reply with Quote
$30K is a lot of money, but remember that the way to eat an elephant is one bite at a time. I'm doing that with $48K in student loans--and reselling copper pennies is helping me take a few more bites out of that elephant.

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com
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HoardCopperByTheTon
Administrator



USA
3603 Posts

Posted - 08/17/2008 :  22:02:14  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
I think a lot of us can see reflections of our own hoarding dilemna in Tourney's story. I know I do.

LOL@Ant.. we can't call him that.. he wouldn't be qualified to be a member of the Rational Thinkers Club then.. oops, he was already disqualified for finding an Indian. Stealth was not involved.. he bought them openly. I have been buying quite a few bags stealthily myself this week.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.



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