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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
 Posted - 09/05/2009 : 14:26:34
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Hi everyone,
I would like to annouce the opening of a new copper penny investment company. The company is called The Portland Mint. You must be logged in to see this link.
Another forum member, who wishes to remain annoyomous, and I have founded this company and finally have gotten it up and running.
This company is sort of like an ETF, except we are 100% backed, so we don't sell more tons than we have, and it is very easy to take delivery of the product. We specialize in 1 ton lots, but we also sell 68lb boxes as well.
I am not trying to spam by posting this. I just would like to get the word out and get some constructive feedback.
I have recently lowered the price of the 1 ton lots.
Also if you make an order you can mention Realcent and get 1/2 off of your storage.
Please let me know what you guys think.
Thanks
Adam
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Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 09/14/2009 16:00:01 |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/05/2009 : 14:32:13
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Looks good but do you think you might diversify into other metals or maybe produce copper bars?
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Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/05/2009 : 14:35:09
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quote:
Originally posted by jtm3
Looks good but do you think you might diversify into other metals or maybe produce copper bars?
No, we have no interest in producing copper bars. If thats what you are looking for there are 2 other members here who specialize in that area.
At this point in time we are not going to diversify into selling other metals. It is a possibility in the future though. |
Copper Penny Investing
www.portlandmint.com |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 09/05/2009 : 15:12:14
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| Are you going to be in the market of buying pennies now or later. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 09/05/2009 : 15:14:37
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| Nice.... |
Trolling is an art. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 09/05/2009 : 15:18:57
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| A very cool idea! Good luck to you! According to your website you have 68 tons in inventory! Looks like I need to pump up my hoard a fair bit so that I can compete :) |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/05/2009 : 15:21:00
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"Extra Extra Read All About It"
This is breaking news...
Guys I hope all of ya'll realize how big of an announcement this is.
Not only can they provide copper pennies, they are also fellow realcent members. |
You don't have to be the BEST you just have to be.......SLICK
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/05/2009 : 16:20:17
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quote:
Originally posted by dakota1955
Are you going to be in the market of buying pennies now or later.
Maybe in the far future, but at this time we have acess the all the pennies we want to sort.
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Copper Penny Investing
www.portlandmint.com |
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twocents
Penny Collector Member
398 Posts |
Posted - 09/05/2009 : 16:26:01
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| Cool site. Hope you guys can make a great run at it. Posts are one thing, but since this is your official business webpage, run a spell check on the word "than" and change to "then" as applicable under your section on one ton lot shipping options. Also, I suggest you change, "Due to this the copper penny is worth more than a penny." to "more than one cent." or "more than face value." Cheers. |
Just my two cents! |
Edited by - twocents on 09/05/2009 16:59:51 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/05/2009 : 17:24:17
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I did not notice the errors until I went back and looked for them. English and spelling are not my strongest subjects.
I agree with twocents about using "more than face"
"than" does need to be changed to "then"
(The boxes than will be shipped priority mail, with confirmation, to a destination of your choice) |
You don't have to be the BEST you just have to be.......SLICK
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/05/2009 : 17:26:08
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| Looks like you guys have found my weakest subject... Thanks for pointing that out. I will try to get them all fixed this weekend. |
Copper Penny Investing
www.portlandmint.com |
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twocents
Penny Collector Member
398 Posts |
Posted - 09/05/2009 : 18:05:04
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| Saying a copper penny is worth more than a penny is like saying a red Corvette is worth more than a Corvette. Someone might have been confused by it. No one here, of course. Glad to be able to help. |
Just my two cents! |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 09/05/2009 : 20:03:54
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I like the concept. Very cool. 
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digitalfour
Penny Sorter Member
74 Posts |
Posted - 09/05/2009 : 21:26:51
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| 68lb for $170.00 shipped, isn't that quite a bit less than melt? Pretty good deal. |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/05/2009 : 21:30:34
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quote:
Originally posted by digitalfour
68lb for $170.00 shipped, isn't that quite a bit less than melt? Pretty good deal.
Shhh...  |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/05/2009 : 21:31:48
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| Impurities and the melt ban cause copper pennies to routinely sell below melt value. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
Edited by - jtm3 on 09/05/2009 21:40:32 |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/05/2009 : 21:47:51
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Nice. Good luck. It's a lot of work....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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digitalfour
Penny Sorter Member
74 Posts |
Posted - 09/06/2009 : 00:40:37
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quote:
Impurities and the melt ban cause copper pennies to routinely sell below melt value.
Yeah I was confused:
68 pounds * 145 copper pennies per pound ~= 9860 pennies
So roughly $100 in pennies for $170 in FRNs. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 09/08/2009 : 05:24:06
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| That is very cool! Best of luck with it! |
"May your percentages ever increase!" |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/08/2009 : 09:28:08
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| Nice, are there any special regulations related to starting a company that that sells and stores copper for people? |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/08/2009 : 10:51:08
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quote:
Originally posted by horgad
Nice, are there any special regulations related to starting a company that that sells and stores copper for people?
It all depends on how you set up the company.
If you sell and store almost any product for another person it becomes a "security". Typically that means that you have to be registered with the ssc and meet all their regulations.
***I am not giving legal advice. I advise if you are going to set up a company you get real legal advice*** |
Copper Penny Investing
www.portlandmint.com |
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barrytrot
Administrator
USA
721 Posts |
Posted - 09/08/2009 : 13:10:14
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Wow, highroller are you saying that you the copper lots will be registered securities? I looked into that earlier this year as I had a crazy idea regarding taking delivery from the commodities market and it looked like way to much effort and probably too much cost.
If you did register them, can you give us an idea of the steps necessary to do so? |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/08/2009 : 13:11:45
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quote:
Originally posted by barrytrot
Wow, highroller are you saying that you the copper lots will be registered securities? I looked into that earlier this year as I had a crazy idea regarding taking delivery from the commodities market and it looked like way to much effort and probably too much cost.
If you did register them, can you give us an idea of the steps necessary to do so?
Barry its really complicated to try to explain. I sent you a PM to try to explain it. Thats why you need lawyers and accountants and what not.
Yes, typically it is a pain in the rear to take delivery. Thats because most securities are 100% backed. If there was a run on the item the company would run out. The Portland Mint is 100% backed and we are NOT going to sell more copper than we actually have. therefore delivery from us is as easy as a phone call. |
Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 09/08/2009 13:21:11 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 09/08/2009 : 17:34:04
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| Excellent!!! Good Luck. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 09/14/2009 : 18:08:17
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| congrats on the new job man! |
Inquiring minds want to know |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 09/14/2009 : 18:34:50
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quote:
Originally posted by highroller4321
quote:
Originally posted by dakota1955
Are you going to be in the market of buying pennies now or later.
Maybe in the far future, but at this time we have acess the all the pennies we want to sort.
When you say access to all the pennies you want to sort. Would you mind a rough estimate of what you'd be doing a week? I'm jealous, thinking of all the awesome finds you must come across. |
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.
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New company and leader in copper penny investing
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