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 Copper Penny Bullion Investing
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c140cessna
Penny Collector Member



USA
419 Posts
Posted - 08/02/2007 :  11:10:18  Show Profile Send c140cessna a Private Message
In the past 4 months I've shipped about 2000 lbs of coins via USPS Flat Rate Boxes.....I double box and push it right to the 70 lb limit....never an issue. Awesome deal.
Edited by - c140cessna on 08/02/2007 11:12:04
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n/a
deleted



43 Posts
Posted - 08/03/2007 :  10:55:22  Show Profile Send n/a a Private Message
Yes, that's what I meant to say - USPS flat rate boxes (not UPS). Great deal. Didn't realize you could double box. If you don't mind divulging - where are you shipping these coins to? Private buyers on Ebay?
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c140cessna
Penny Collector Member



USA
419 Posts
Posted - 08/03/2007 :  20:06:22  Show Profile Send c140cessna a Private Message
Yes, mostly private sales - some contacts made through here, some on Ebay. These are guys that are building a base metal hoard without doing the searching. I've had 4 major customs, 3 of which I've had multiple sales. Largest copper sale was 600 lbs to one guy. Sold 500 lbs of .999Ni to one guy...that was a bunch of money!!! Several other sales of 100 lbs to 200 lbs of mixed metals.

The Canadian Nickel play is dead in my opinion....running way over 80% sorted boxes from the banks these days....not worth messing with unless you live in Canada and can casually stop in to the bank and give it a try....but still a lot of sorted boxes these days. It was fun while it lasted - made about 15 trips to Canada and pulled over 1000 lbs of .999Ni before it went sour. Shocking is that it only took about 6 months to go from great to rotten. There is a lot of commercial sorting going on in this area of Ontario.

I'm concentrating on US Copper - putting away about 150 lbs per week. Way easier that the Canada run every week.
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Canadian_Nickle
Penny Hoarding Member



Canada
938 Posts
Posted - 08/19/2007 :  01:41:16  Show Profile Send Canadian_Nickle a Private Message
Re: taxes

In canada, you pay tax (federal GST and provincial sales tax) on numismatic coin purchases, but not on investment purchases in metal bullion. So if you're buying coins here from a dealer at ~melt value, be sure to tell him that it's a bullion investment purchase, not a numismatic purchase, and that you refuse to pay tax on it. This can save you a bundle if yr building a gold/silver hoard.

________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns

HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16

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