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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 12/21/2009 : 19:02:18
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/21/2009 : 19:45:48
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| lots of places got press on that story |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 12/21/2009 : 19:55:27
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| Oh no! The cat's out of the bag. Do I have time to build up a hoard? |
Come to the new and improved realcent: http://realcent.org
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 12/21/2009 : 20:28:23
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| Very cool article. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 12/21/2009 : 20:30:47
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I think it is safe to say...most folks know about copper pennies by now!
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 12/21/2009 : 20:44:54
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It's definately gaining momentum. But, most bank tellers still think I'm nuts. "So what exactly do you want with 10,000 pennies?" I live in a fairly small city and as a hand sorter I'm starting to run into my own pre-sorted rolls.
Luckily still running about 25-30% copper and it's not uncommon to get solid copper rolls. I hope my little corner of the world stays ignorant just a little bit longer.
November wholesale inflation was 1.4% I think things may deteriorate quickly. Bully for you guys who have seen this comming for a while. |
Come to the new and improved realcent: http://realcent.org
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Ember
Penny Sorter Member
USA
27 Posts |
Posted - 12/22/2009 : 02:17:05
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| I'm still getting copper in change from the few coin shops I visit from time to time. You would think they would keep them. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/22/2009 : 02:34:20
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thogey.. sure, it takes hardly any time to build up a hoard.. but you better sort fast! If you can't sort that fast, there are probably a few members here who could ship you a spare box or 2. 
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If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 12/22/2009 : 02:57:41
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| That is a great article written by one of our own |
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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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 12/22/2009 : 07:32:09
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Thank you guys, for the kind words.  I just wish someone else would pick up our articles, mine and Jade's, so we can get the word out. I've submitted to Kitco, National Inflation Association, Trace Mayer, and Coinflation, but so far Financial Sense is the only one to pick up.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 12/22/2009 : 12:04:43
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I see 173 boxes, or 432,500 pennies ($4,325.00) They weigh 1,345 kilos, or about 1.5 short tons. I'm quite impressed!
quote:
Originally posted by HoardCopperByTheTon
thogey.. sure, it takes hardly any time to build up a hoard.. but you better sort fast!
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 12/22/2009 : 16:43:23
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| HBCTT, Thanks for the picture now I'm really motivated |
Come to the new and improved realcent: http://realcent.org
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/24/2009 : 00:53:56
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You are seeing things Zyll. They were stacked for easy counting. There were only 165 boxes in that stack. It's an optical delusion. The boxes on the left side are a different style and slighly wider, but there are still only 5 rows in that column.
Or maybe you were just converting those 2 nickel boxes to their equivalent in pennies. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/08/2010 : 16:26:08
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Ah, only five rows on the left. I did 8x4x5=160, +3 on top, +2 of those plastic roll carriers, plus a sixth row of 8 on the left.
~Often Deluded~
quote:
Originally posted by HoardCopperByTheTon
You are seeing things Zyll. They were stacked for easy counting. There were only 165 boxes in that stack. It's an optical delusion. The boxes on the left side are a different style and slighly wider, but there are still only 5 rows in that column.
Or maybe you were just converting those 2 nickel boxes to their equivalent in pennies.
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 01/09/2010 : 10:14:57
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| Tell them hoard that's only the small pile. He ran out of room in the three car garage. |
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twocents
Penny Collector Member
398 Posts |
Posted - 01/09/2010 : 10:24:58
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| I thinkg Ray linked every site available on that one. Good post. |
Just my two cents! |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/09/2010 : 10:49:28
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I'm one of the ones that don't like seeing the articles written at all. It is 100% certain that CU %'s are going down and sooner then later CU will be out of circulation like silver is now. Yeah you might find some now and then but def. not enough to make it worth anyones while.
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/09/2010 : 11:04:19
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| Another way to think of it is if you went down to the creek and found some gold nuggets would you run down to the town and tell everyone? Of course you wouldn't. Now why would you want everyone to know about this little "copper goldmine"? |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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No82s
Penny Pincher Member
USA
198 Posts |
Posted - 01/09/2010 : 11:10:09
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| I'm sure it matters whether you're selling or saving, but I tend to agree with you MOM. The less people who know about it now means the more time we have to make this little hobby worthwhile. |
The difference between an optimist and a pessimist is that the pessimist is better informed. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/09/2010 : 11:36:27
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quote:
Originally posted by misteroman
Another way to think of it is if you went down to the creek and found some gold nuggets would you run down to the town and tell everyone? Of course you wouldn't. Now why would you want everyone to know about this little "copper goldmine"?
True, but what's the point of saving copper pennies if nobody else recognizes them as a valuable investment or commodity? If there's no market for them, then they really aren't "worth" anything, regardless of the actual metallic value. This is evident now, as the relatively small market is causing pennies to sell far below their intrinsic value. By getting the ball rolling and developing the market now, the liquidity of our penny hoards will be much greater a few years down the line, and pennies should sell at or above melt, much like 90% silver coins do now. |
Nate
The Copper Cave
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No82s
Penny Pincher Member
USA
198 Posts |
Posted - 01/09/2010 : 11:45:33
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| The only reason the market is like it is now, is because of the melt ban. If it was lifted you could immediately get metallic value by going to your local junk yard and get #2 copper pricing. The 90% silver coin market is there because you can melt them. |
The difference between an optimist and a pessimist is that the pessimist is better informed. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/09/2010 : 12:06:11
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quote:
Originally posted by No82s
The only reason the market is like it is now, is because of the melt ban. If it was lifted you could immediately get metallic value by going to your local junk yard and get #2 copper pricing. The 90% silver coin market is there because you can melt them.
Maybe so, but if you can develop awareness now, and generate interest among hard money advocates who don't trust the dollar, it gives them another avenue to diversify against depreciation, and to preserve their purchasing power. I have to disagree with you that the silver price is where it is as they can be melted. NO ONE buys silver to sell to a smelter, they buy because they know the dollar is going down, they buy because silver is scarce. Copper cents are not scarce, but a market CAN be developed for copper cents, regardless of whether a melt ban is in effect, and people will buy from one another at better prices, if demand is stimulated. Right now there is more than enough supply, very little demand. It would take 10,000 entities, with holdings the size of the Portland Mint, to take the 1959 - 1982's out of circulation. Get em while you can, sure, but at some point you'll hit the wall and run out of capital. But if you can turn around and sell them, over and over, then you can build your hoard and be much-better positioned when the melt ban is lifted. I think if you'll check our own market development section there are a great deal more forum members in favor of doing what we can to develop the market rather than let it inch along, waiting for a melt ban lift. But it's nice to hear opposing viewpoints. If you'll notice, I don't run pro-copper articles every week, only about every third week. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/09/2010 : 12:13:33
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quote:
Originally posted by No82s
The only reason the market is like it is now, is because of the melt ban. If it was lifted you could immediately get metallic value by going to your local junk yard and get #2 copper pricing. The 90% silver coin market is there because you can melt them.
True, the melt ban limits your exit options. That just makes developing the market for copper cents even more important.
I think we all want to get the highest return on our investment, whether it be by selling now and reinvesting the profits into more metal, by passing a more valuable hoard onto family members, or just by selling and using the FRNs for other purposes.
Regardless of intentions, the lower number of buyers and higher number of sellers we have now keep prices low. Developing the market is nothing more than creating awareness and increasing the number of buyers. More buyers means higher prices.
Sure there will also be more sorters, but I don't think we'll see a huge spike in sorters and an instant drop in copper percentages like those who are against market development are suggesting. Most sorters are limited by time or capital. They might make an impact on the local percentages, but overall do not affect the supply much. People buy sorted cents because they don't have time to sort, or don't want to invest in equipment. As long as the melt ban is in place, we probably will not see large commercial sorters, and our government is too busy printing money to bother implementing any sort of alloy recovery program like the RCM's that is killing nickel percentages in Canada. With all those factors in our favor, I think we'll be able to find copper in circulation for quite a while. |
Edited by - natsb88 on 01/09/2010 12:14:53 |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/09/2010 : 12:17:25
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| I think that we all agree that our time is limited before the rest of the world finds out what we are doing. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/09/2010 : 12:20:27
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quote:
Originally posted by misteroman
Another way to think of it is if you went down to the creek and found some gold nuggets would you run down to the town and tell everyone? Of course you wouldn't. Now why would you want everyone to know about this little "copper goldmine"?
Copper cents are not gold nuggets. Not even close. They are as common as gravel at present, but will become more valuable someday as their scarcity grows... assisted by those of us who hoard, of course There is something to be said for both sides of the discussion, but I think most of us don't have the deep pockets necessary to just sit back forever and build enormous caches of coins. We need to sell and reload, over and over to accomplish our best returns. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 01/09/2010 12:29:55 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 01/09/2010 : 12:46:53
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| Well, but at least for the hard money enthusiasts, you hold the copper pennies to thwart inflation. So with that idea you should always hold a 'stash'. And just build on it slowly. But I understand, if you invested in a machine, then you may want to turn some profit to cover costs AND add the money you can put into increasing your hoard. |
"May your percentages ever increase!" |
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Coppertunities
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