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xklb2528
New Member
3 Posts |
 Posted - 01/12/2010 : 10:10:03
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I have a friend going up to Canada and was going to ask him to buy me like $100 worth of pennies from up there, bringem back nad throw them in the Rydell
Arent most of them copper?
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Keep on Hoardin Hard |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/12/2010 : 10:11:53
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| I've heard reports ranging from 30-50% are copper. I'd also say get some nickels... but who knows what your friend would be able to get on the spot. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 01/12/2010 : 13:10:22
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I get 50% copper at times from Canadian pennies. But I'd say better to buy some nickels though as you can't get them in the US very easily (other then to buy them from You must be logged in to see this link.)
A decent selection of Canadian Nickels with give you some Ni, some CuNi and some steel. You can sort them on a Ryedale even if you don't have a Nickel shoot. Just take the shoot off and hand feed the machine. |
“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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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 01/12/2010 : 16:22:48
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Welcome...xklb2528!
Enjoy your coin searches, everyone.  |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/12/2010 : 16:55:19
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| welcome and yes it is worth going through pennies from Canada |
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jacer333
Penny Pincher Member
USA
119 Posts |
Posted - 01/12/2010 : 17:10:01
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A hearty welcome to the forum!
If I had access to canadian coins, I would sort those all day long. They seem to yield higher percentages and are also cheaper than US pennies since the US dollar is more valuable than the Canadian dollar. |
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toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 01/12/2010 : 19:22:35
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| is the us dollar more valuable than the canadian dollar??????????????that is the real question. will it be in 6 months? 1 year? |
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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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/12/2010 : 23:19:42
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quote:
Originally posted by toomuchcopper
is the us dollar more valuable than the canadian dollar??????????????that is the real question. will it be in 6 months? 1 year?
You need to invest in a Magic 8 Ball to find the answer to this question! (Or check Coinflation.com for the current melt.)
Which is a better band The Who, The Guess Who or (Who Was) The Monkeys?
It all comes down to your own individual experience, wisdom and what you think is right, correct and/or true.
In Est, it's rather subjective based the premise(s) you accept as valid.
All I can really add is when the Canuk-A-Dollar was made of paper it sure looked better than a green scowling Georgie W.
PS-The Loonie is a much more pleasant design than ANY U$ current $1 coin.
PPS-The U$ Ike reminds you what a real Dollar once looked like.
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There's profit if you melt things!!
8{> |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/12/2010 : 23:42:25
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| Def. worth it and canadian CU is around 35% currently I hear |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 01/13/2010 : 08:53:01
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Isn't the reason one is hoarding Cu pennies because one is hedging against inflation, to preserve ones buying power? Isn't that because the dollar is going to tank?
Isn't one hoarding Cu pennies for their bullion content? If so, who cares what face value/nation is struck on them.
Could the price of Cu tank, it could. Even if it did, the US dollar is still toast. The Cdn dollar will be more valuable than the U.S. dollar. The fundamentals make that abundantly clear.
If the price of Cu does get below FV, which coin would you rather have? The tanked U.S., or the stronger more stable Cdn?
However, Canada is on the same track as the U.S. and the U.K., just farther back on the curve. The Loonie is also a fiat currency issued by a central bank.
That said, the Cdn penny is superior to the U.S. penny in every way. 98% versus 95%, higher percentages and (for now) a more stable currency.
Also, if one absolutely had to, one could haul their Cdn pennies to a scrap yard and sell them for scrap, can't do that with a U.S. penny...
So yes, Canadian pennies are worth it.
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 01/13/2010 : 09:06:27
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Canadian pennies have 98% copper. highroller has some for sale in the buy it now section. I think its 60 dollars worth and there already sorted. Its a mint sewn bag of 1964 Canadian pennies
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Inquiring minds want to know |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 01/13/2010 : 09:22:27
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Don't forget, somehow you have to deal with the zinc and steel rejects.
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Trust the government? Ask an Indian. |
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Canadian pennies Worth it?
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