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 Copper Penny Bullion Investing
 Do you prefer Canadian or US copper?
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coppernicus
Penny Collector Member


USA
383 Posts

Posted - 12/28/2009 :  15:20:20  Show Profile Send coppernicus a Private Message
Poll Question:
Which would prefer to have Canadian(able to melt) or US pennies ,and would you prefer to know the weight or the face value?

Choices:

$100FV of US Copper pennies
$100FV of Canadian Copper pennies
68lbs of US Copper pennies
68 lbs of Canadian copper pennies


Edited by - coppernicus on 12/28/2009 15:25:47

dakota1955
1000+ Penny Miser Member



2212 Posts

Posted - 12/28/2009 :  15:33:01  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
Take all you can find
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coppernicus
Penny Collector Member



USA
383 Posts

Posted - 12/28/2009 :  15:50:27  Show Profile Send coppernicus a Private Message
Do you prefer canadian cause you can melt it? US cause you can spend it? US because of the exchange rate? Canadian because of the older heavier coins?
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Nickelmeister
Penny Hoarding Member



Canada
588 Posts

Posted - 12/28/2009 :  15:53:16  Show Profile Send Nickelmeister a Private Message
Go Canada! lol

www.WinnipegGoldBuyer.com

Standing offer for sale of quality, second-hand solid gold jewellery:

<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 12/29/2009 :  11:42:50  Show Profile Send uthminsta a Private Message
Umm... I'll take the Canada! It would take me forever to amass that much by hand sorting, and I am assuming the poll puts you in the position of "which would you rather have if someone is holding these four bags and you can only have one" versus "which would you rather have if you have to sort them all out to get them."

Come to the new and improved realcent: http://realcent.org
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2old
Penny Pincher Member



188 Posts

Posted - 12/29/2009 :  12:39:00  Show Profile Send 2old a Private Message
Can the Canadians not melt U.S. coinage like we can melt Canadian??
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Nickelmeister
Penny Hoarding Member



Canada
588 Posts

Posted - 12/29/2009 :  13:02:09  Show Profile Send Nickelmeister a Private Message
quote:
Originally posted by 2old

Can the Canadians not melt U.S. coinage like we can melt Canadian??



I suppose we could, but it's illegal to take them out of the US in any sizeable quantity. Why is everyone so excited about melting?

www.WinnipegGoldBuyer.com

Standing offer for sale of quality, second-hand solid gold jewellery:

<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping
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2old
Penny Pincher Member



188 Posts

Posted - 12/29/2009 :  14:37:30  Show Profile Send 2old a Private Message
quote:
Originally posted by Nickelmeister

quote:
Originally posted by 2old

Can the Canadians not melt U.S. coinage like we can melt Canadian??



I suppose we could, but it's illegal to take them out of the US in any sizable quantity. Why is everyone so excited about melting?


As with silver, I imagine the normal transition at some point will be to melt the coppers down. IMHO most of the silver coinage that was traded in $1,000.00 FV bags has been melted down by now. I think there would (actually I know) be a better, higher paying market for coins that can legally be melted, than those that can not. The thing to do may be trade U.S. for Canadian cents, as the law allows.
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2old
Penny Pincher Member



188 Posts

Posted - 12/29/2009 :  14:45:26  Show Profile Send 2old a Private Message
Money and Other Monetary Instruments

(08/21/2009)You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP. Ask the CBP officer for the Currency Reporting Form (FinCen 105). The penalties for non-compliance can be severe.

“Money” means monetary instruments and includes U.S. or foreign coins currently in circulation, currency, travelers’ checks in any form, money orders, and negotiable instruments or investment securities in bearer form.
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