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No82s
Penny Pincher Member
USA
198 Posts |
Posted - 01/09/2010 : 13:04:55
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| Nobody may be running to the smelters with their 90% silver right now, but thats where tons of it went during the Hunt Brothers induced silver rush. If you think all that 90% silver that was minted is still around I think you're in for a surprise. Until the melt ban is lifted, the percieved value for your penny (or nickel)is going to be lower than melt because you are speculating that one day you can turn it into metal. |
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 : 13:38:57
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I don't know how they determined this with any accuracy, but they say that 90% of the 90% was melted when that (Hunt spike) happened. And I think anyone who bought silver in the last three years is going to wait for at least a double in price before they cash back in, whether it then goes to a smelter or another buyer. The coins will continue to disappear. I am in total agreement with you about value not rising to the full extent that it is capable, until the melt ban is lifted, but the price will rise as more investors anticipate that occuring. The ones who were smart enough to get in early and start building their hoard will see the most profits. The ones of us who are in favor of promoting copper would just like to see a little bit of the best of both worlds. We already have a head start on others, and realize the importance of not being lackadaisical about adding to our stash, we'd just like to see the secondary market for copper cents fetch a little bit better price.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 01/09/2010 : 13:41:08
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If copper cent collecting ever becomes mainstream, then there will be some surprised people. The capital is out there and enough of it to suck up all the copper cents floating around. Probably in a very limited time.
The big wealth and money holders just cant be bothered by it. Someone with a good sales plan could find a backer easily if the desire was there. I personally know a few MILLIONAIRES who have backed some previous financial ventures I was involved in when the return was worthwhile. Most can't be bothered to buy and sort like we do because it isn't worthwhile.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/09/2010 : 14:30:00
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| wheeler dealer... if you can interest a millionaire in backing you, it would be very simple to put together a consortium of forum members who would be willing to supply you all day long for $1.80. Let us go to the bother and expense of sorting and supplying him, we'll provide the labor if you can find a venture capitalist willing to take the plunge. It will only work for the first few though, after that the very big boys will vacuum up the remains. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/09/2010 : 14:38:49
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It was said on here a few times that if 1, yes one big boy got onboard the copper would be pretty much in 6 mos or so.
Also, the best of both worlds works best when you have an unlimited supply. I'll put this in writing that most everyone will be under 20% by the end of the yr and most will be around 15% which is just borderline of being worth it. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/09/2010 : 15:07:36
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| We've only been getting 18 or 19 percent in my part of California since I started in October. Don't know what Hoard is getting up in the Bay Area, nor Megaman in LA. You could be right about the percentage average nationwide dropping that much by the end of the year. I have a Ryedale, so I'll still be sorting even if we drop to ten percent. If that happens, it's likely the price will reflect it. But if you're handsorting, then yeah, is it worth the effort anymore at that point? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 01/09/2010 : 15:18:31
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Great article. I do not know where I sit on the issue. I would love to have a larger hoard, but the only way to do that for me is to sell part of what I have for reinvesting. Until recently, I would not have considered selling any. I had too much time and effort into it to sell for the small return.
If the price goes up as more people enter, I could sell and feel that I got a decent return. However, I feel that by then I may have missed the boat as far as having time to accumulate. I believe it is a catch 22 for myself and many others. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/09/2010 : 15:24:41
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| but then... if the only way you have to expand your hoard is to sell and reinvest... doesn't that compell you to sell regardless of the price? If you hold onto your initial investment, it will never grow beyond your starting capital. If you sell, even if it's only for 1.3 or 1.4, then you'll have thirty or forty percent larger hoard the next time around, and can do it again. Ask Kurr how that has worked for him. Yes, you build slowly, but the hoard will grow. e crescit eundo (latin for "it grows as it goes") |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/12/2010 : 01:13:05
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I am getting about 19-20% in the Bay Area. Nothing wrong with selling off some and reinvesting the proceeds in more coins to sort. I have done some of that myself.  |
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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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/12/2010 : 06:11:51
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I continue to sell to reinvest. If you continue to hoard w/o selling off, you will hit a ceiling. If you have $10,000 to invest in copper pennies, once you hit that you are done. If you sell off the $10,000 for 1.5X you can reinvest and have $15,000 in copper that can be sold for $22,500 or 1.5X.
Wal-Mart didn't get where they are at by buying and holding. They buy and resell. And not at a 50% profit margin either. |
You don't have to be the BEST you just have to be.......SLICK
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/12/2010 : 06:28:01
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quote:
Originally posted by slickeast
I continue to sell to reinvest. If you continue to hoard w/o selling off, you will hit a ceiling. If you have $10,000 to invest in copper pennies, once you hit that you are done. If you sell off the $10,000 for 1.5X you can reinvest and have $15,000 in copper that can be sold for $22,500 or 1.5X.
Wal-Mart didn't get where they are at by buying and holding. They buy and resell. And not at a 50% profit margin either.
Well said. I've used almost those exact words trying to explain this copper thing to people. Even at 1.3, that's 30%! Try that in any bank or investment, and you can't lose you initial investment ever. Can't be done any where else.
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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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 01/27/2010 : 14:03:30
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quote:
Originally posted by beauanderos
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.
Just wanted to let you know that writing these articles is working. I recieved a phone call from a person that was linked from this article. We talked about copper and verious other things. Seems like more and more people wake up everyday |
Copper Penny Investing
www.portlandmint.com |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/27/2010 : 14:30:16
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| I believe it was Jason Hommel who said (I know I'm paraphrasing): "Buy Precious Metals and you'll start making real money. DEAL in Precious Metals and you'll REALLY start making money!" |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/27/2010 : 14:31:37
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| So beauanderos, when is your next blog post coming out?? |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 01/27/2010 : 14:40:00
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| I started practicing what I was preaching. Writing can take every spare moment you have, leaving none for anything else. Will continue to submit weekly articles to Financial Sense out of my archives (have about fifty I wrote). They've already posted ten or eleven so far. But for now, I am devoting the major amount of my time to sorting. Out here in CA we only get 20%, so I'm getting while the getting is good. I suggest you guys do the same. Copper cents will be five or ten cents apiece before you know it. If that doesn't motivate you, I don't know what will. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 01/27/2010 14:56:09 |
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fasteddy
Penny Collector Member
USA
298 Posts |
Posted - 01/27/2010 : 16:58:57
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| .05 to .10 apiece forget handsorting that was fun for awhile but now my left thumb constantly aches...I'm calling Andy for help. |
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johnbrickner
Penny Pincher Member
154 Posts |
Posted - 01/27/2010 : 21:46:06
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| A well written article to increase awareness, Ray. A good selection of sources with excellent quotes. Adds validity to the theme Copper Coins are similar to gold and silver coins, you just wern't aware. It's only a matter of time untill the market manifests as common with stuff like this going out and the absence of CU coins in circulation. Can't wait 'till they debase the nickel. |
"I Killed the Bank" from the tombstone of Andrew Jackson |
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Coppertunities
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