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ericsartwork
New Member
USA
20 Posts |
 Posted - 12/12/2009 : 10:12:11
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Are you better off hoarding USA or Canadian Copper pennies? I'm thinking hoarding Canadian copper pennies is the better way to go because:
1) There is a bit more copper in Canadian pennies.
2) If the dollar goes down and Canada's currency goes up my Canadian pennies would be worth more.
3) If I ever had to melt my pennies I'd be better off with Canadian because they don't have a melt law and I'm in the USA so how would they prosecute if I did melt Canadian pennies here in the states.
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 12/12/2009 : 10:18:38
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You are correct, but Canuk-A-Cents are not found as often in the U$ofA as Lincolns.
I keep all I find. |
There's profit if you melt things!!
8{> |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/12/2009 : 10:20:58
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| Keep them both and you cannot go wrong. |
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Junk Woody
Penny Collector Member
Canada
262 Posts |
Posted - 12/12/2009 : 10:37:14
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| I'm sure you just worded it wrong but Canada does have a melt ban on pennies. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 12/12/2009 : 10:51:50
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quote:
Originally posted by Junk Woody
I'm sure you just worded it wrong but Canada does have a melt ban on pennies.
Only within Canada. There is no US law against melting Canadian pennies.
Of course I'm not a lawyer... |
Nate
The Copper Cave
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toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 12/12/2009 : 17:26:12
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| how come nobody on the forum is ever selling canadian pennies, its always LMC....there is many people here from canada, why arent you selling??? |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
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Bart
Penny Pincher Member
Canada
120 Posts |
Posted - 12/12/2009 : 19:06:06
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Hey Toomuchcopper -
Its not that we are not selling. Its the fact that Canada Post can't come close to the deal you get with your flat rate boxes. Heck, they want $6.00 to mail a T-shirt & theres no weight in that!
I would happily sell Canadian pennies but shipping is tough. On a $25.00 box of 1982 & up pennies they want $39.95 to send a box from Toronto to anywhere in NY state!! Theres a deal!!
How many takers?? I've got 500 lbs, just PM me.
That makes us very competative. |
Nice. Yes. Very nice. |
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toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 12/12/2009 : 19:16:43
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| interesting...did not realize shipping was the problem....what is the deal with driving them across the border? is there laws restricting that? I am only 3 hours from the canadian border in vermont....perhaps this is something to think about...anybody just over the border in quebec? |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 12/13/2009 : 22:32:26
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| LOL I actually had a buddy of mine (40yr+ collector) start sorting pennies and after a few months made a comment about all te canadians he was finding. I said good the more copper the better. He just kind of looked at me and said "they are copper too?" LOL he was throwing them all back. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 12/14/2009 : 01:44:44
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| I do drive Canadian coin across the border from time to time to fill customer orders. Shipping from within Canada is pretty high as noted above. There is no export restriction and we have seen photos of a truckload of Cdn coin being hauled south. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 12/14/2009 : 05:48:02
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| what are you getting for canadian copper, can you get closer to melt than the standard 1.5 they are going for here |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
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Canadian or USA Copper pennies
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