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Ardent Listener
Administrator
USA
2627 Posts |
 Posted - 03/25/2008 : 20:12:35
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A lot of people these days seem to be holding on to some PMs........silver.........maybe a little gold.........but how much copper do you think the average joe is really holding? In what form?
Just thought I would throw that out for discussion. BTW, you guys don't count as average joe in this situation.
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misteroman
Moderator
USA
1246 Posts |
Posted - 03/25/2008 : 21:58:06
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| seems like many households of older people30+ have penny jars and such and are just too lazy to cash them in.Tough times may change that though |
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CoinHunter53562
Penny Hoarding Member
USA
627 Posts |
Posted - 03/25/2008 : 22:36:29
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quote:
seems like many households of older people30+ have penny jars and such and are just too lazy to cash them in.Tough times may change that though
I agree...as the recession deepens or stays in place, people are going to cash these in to make ends meet. That's good for us hoarders/collectors. It's hard to put a number on it but maybe $10-$20/person? I really have no idea how to answer the original question. |
Load up now while you can!
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wheeler_dealer
Penny Pincher Member
USA
245 Posts |
Posted - 03/25/2008 : 23:43:00
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I don't think the average Joe-Jill has any idea what a copper penny is worth. Most could care less as they don't see it as anything other than a penny (which it is). At Easter dinner I discussed with my family what I was doing. They all got a good laugh, my sister told me she would clean out her penny jar for me. She works next to a bank and she says "NO WAY am I going to buy you pennies".
My dad is o.k. with picking me up a few rolls when he visits his bank the rest are impartial to the idea. Some people I work with have small coin collections. Most think i'm weird for doing this so I wont talk about it.
To answer your origional question I think most 7 out of 10 people don't hold any PM's and what little copper pennies they have are probably in their piggy banks. So yes coinhunter this is good for us. |
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Delawhere Jack
Penny Hoarding Member
USA
517 Posts |
 Posted - 03/26/2008 : 17:21:23
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I think average people would tend to have a lot more brass than pure copper, typically in the form of household items, statues, book ends and such. I've seen that a lot of "old-timers", particularly the handyman types, keep a bucket for scrap brass and copper items.
Electricians and plumbers would be the most likely hoarders...outside of penny hoarders. |
"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed."
Ayn Rand, from Atlas Shrugged
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Ardent Listener
Administrator
USA
2627 Posts |
Posted - 03/26/2008 : 18:51:18
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| I agree, I see a lot more brass than pure copper around. The most copper average joe has around is in his copper pipes provided they aren't PVC or something. Average joe is copper poor. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Delawhere Jack
Penny Hoarding Member
USA
517 Posts |
Posted - 03/26/2008 : 21:02:59
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quote:
Originally posted by Ardent Listener
I agree, I see a lot more brass than pure copper around. The most copper average joe has around is in his copper pipes provided they aren't PVC or something. Average joe is copper poor.
Poor Joe
I used to work as a locksmith. The owner had a back room littered with what had to be hundreds of pounds of mortise lock cylinders, probably 8 oz each of high copper brass.
It was just tossed hodge-podge in milk crates and cardboard boxes.
I sometimes salivate thinking of it. |
"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed."
Ayn Rand, from Atlas Shrugged
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moboman
1000+ Penny Miser Member
USA
1337 Posts |
Posted - 03/27/2008 : 19:09:46
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My family thought it was a waste of time to go through and find copper pennies. I dont think any of them have copper at all, other than the wire/pipe in their houses.
I know some of them have silver coins and things, but no one with copper.
So I would have to say average joe would cash in his copper if in the form of pennies, or recycle it at the local metal recycler. |
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
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How much copper is in the hands of average joe?
