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pennywise
New Member
USA
23 Posts |
 Posted - 01/14/2010 : 20:17:14
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I just can't get over this. The government has bailed out Wall Street, banks, and GM, to the tune of billions of dollars. They didn't deserve any help, they did it to themselves. Too big to fail my butt. Its just that they have enough money and power to influence the right people in Washington. They continue their games of theft and deception still, with full support from lawmakers.
So we here, in this forum, are a hard working class. Most of us are probably not wealthy. We are after all, talking about collecting pennies for pete's sake! If this government really cared about the welfare of the common people, would it not seem reasonable to let people collect pennies and melt them down for profit? I would imagine that would probably be better than any form of economic stimulus they could conjure up. Just think, people who are completely without hope right now would have hope, and a means to make at modest income if they were willing to work hard for it.
Its quite a sickening thought to me. What difference would it make to them if we melted pennies? It is not even a drop in the bucket compared to all the money that they have given to the corporate giants, and all the money they spend on their special interest wars. We have an opportunity to help ourselves and our families financially, and the government ties our hands. Way to stick it to the little guy, once again.
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 01/14/2010 : 20:28:53
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| Why do you have to melt the coppers to accumulate wealth from them? They still retain value as you hoard them. It's the same with 40% and 90% SILVER that we find. |
---> 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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Kurr
1000+ Penny Miser Member
2906 Posts |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 01/14/2010 : 20:39:55
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"Government is like a fire; a useful servant but a dangerous master."
-George Washington
So yeah, a campfire is nice - when its inside very small and controlled parameters (the Constitution). But it becomes a forest fire (oppression) if you don't tend the fire pit (Soviet Union). Today we are somewhere in between the two - the fire is leaving the fire pit (Constitution) and lighting the underbrush but the big tree (1st amendment, 2nd amendment) having burnt down yet. |
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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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/14/2010 : 20:41:26
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The pennies belong to "Caesar" they are markers that the almighty Fed has provided for us to commit the sin of free trade.
The day is coming when those markers have no value. At that time I guarantee you, ban or no ban, the value of Caesar's metal will be traded with impunity, by free men.
Either that or bottles of Scotch. |
Come to the new and improved realcent: http://realcent.org
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/14/2010 : 20:44:29
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quote:
Originally posted by Kurr
Also you should not suffer under the delusion the government is there to help you or "the people". Once you give up that illusion, much more makes sense.
Exactly right Kurr!
Thank you. |
Come to the new and improved realcent: http://realcent.org
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pennywise
New Member
USA
23 Posts |
Posted - 01/14/2010 : 20:57:37
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quote:
Originally posted by Country
Why do you have to melt the coppers to accumulate wealth from them? They still retain value as you hoard them. It's the same with 40% and 90% SILVER that we find.
Well, i understand the point about accumulating wealth. But there are some people who really need the money now! I realize it will be more profitable to hold on until copper is worth even more, but for once it would be great if people in dire circumstances had a way out, or at least some relief. I fortunately am not in dire circumstances, at least not yet. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/14/2010 : 21:32:22
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| I wonder why most people think that the ban on melting pennies must be off before you can make a profit. Right now you can get 70 to 100 percent return on your investment now. As copper goes up in price so will the return. save all you can now |
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pennywise
New Member
USA
23 Posts |
Posted - 01/14/2010 : 21:49:39
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quote:
Originally posted by dakota1955
I wonder why most people think that the ban on melting pennies must be off before you can make a profit. Right now you can get 70 to 100 percent return on your investment now. As copper goes up in price so will the return. save all you can now
I guess I haven't tried selling any yet. :-) When I have $50 worth, maybe I'll give it a shot and see how it goes. The only options I can think of are craigslist and ebay, at least short term. I don't think I'd have much luck with craigslist yet. I tried selling some junk silver on it a few months back and only got a few crappy offers. I'm sure once the awareness level is higher, there will be more demand for pennies, along with people who don't have the patience to sort them. ;-)
But if the melt ban was lifted, it would give you two options and thus drive demand even higher. For me personally, its nice to know if I really had to, I could send my junk silver to the refinery and get 90% spot. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 01/14/2010 : 21:55:13
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| There is always our own Realcent Market to sell in. We don't take any fees either. $95 face or 68 lbs loose (but well packed) in a flat rate box is a nice standard for copper pennies. You will get decent prices on silver too at realcent - we all love silver. |
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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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/14/2010 : 22:03:14
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quote:
Originally posted by jadedragon
we all love silver.
Bully! |
Come to the new and improved realcent: http://realcent.org
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/14/2010 : 22:06:33
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| yes try selling silver here |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/14/2010 : 22:14:14
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Al contrar.. the government is protecting us little guys. If the melt ban were lifted.. there would be no pennies for us to sort.  |
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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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 01/14/2010 : 23:14:35
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Amen. Well spoken Hoard. Hold out as long as possible.
COPPER the poor mans SILVER. |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/15/2010 : 07:23:44
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Amen Kerr!
It is the delusion of those in government that they are there to "help" the little guy, when really their intrusive actions have only robbed us of our liberty and our money. Isn't it in the Declaration of Independence that government only exists to protect rights and provide for civil defense? Just get government out of the money business and the poor would go back to trading real wealth....precious metals.
quote:
Originally posted by Kurr
Also you should not suffer under the delusion the government is there to help you or "the people". Once you give up that illusion, much more makes sense.
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 01/15/2010 : 07:48:42
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I'm trying to remember the author of one of my favorite quotes:
"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants; but debt is the money of slaves." |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 01/15/2010 : 07:55:34
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quote:
Originally posted by HoardCopperByTheTon
Al contrar.. the government is protecting us little guys. If the melt ban were lifted.. there would be no pennies for us to sort.
Come on Hoard! We all know you have a source at the Fed feeding you all the pennies you want. :-) OOPS! Now the cat is out of the bag! |
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barrytrot
Administrator
USA
721 Posts |
Posted - 01/15/2010 : 07:57:25
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quote:
Originally posted by pennywise
I just can't get over this. The government has bailed out Wall Street, banks, and GM, to the tune of billions of dollars. They didn't deserve any help, they did it to themselves. Too big to fail my butt. Its just that they have enough money and power to influence the right people in Washington. They continue their games of theft and deception still, with full support from lawmakers.
So we here, in this forum, are a hard working class. Most of us are probably not wealthy. We are after all, talking about collecting pennies for pete's sake!
I claim you could become RICH via collecting cents. There are members here with 60+ tons, do the math, that's a good amount of wealth.
quote:
Originally posted by pennywise
If this government really cared about the welfare of the common people, would it not seem reasonable to let people collect pennies and melt them down for profit?
I doubt the government is worried about those on this forum. They are worried about China taking huge ships of copper cents out via boat. There is a ton of precedent for that.
quote:
Originally posted by pennywise
I would imagine that would probably be better than any form of economic stimulus they could conjure up. Just think, people who are completely without hope right now would have hope, and a means to make at modest income if they were willing to work hard for it.
What would happen is "larger outfits" (Jackson metals, etc.) would take up all available copper in a given area very quickly.
You would find that your access to cents would be significantly diminished within days. You think banks are mean about getting coin now? Try when the number of requesters increases 100 fold!
quote:
Originally posted by pennywise
Its quite a sickening thought to me. What difference would it make to them if we melted pennies?
The key isn't just cents which are something like 20% of cents in circulation. The key is nickels which are 100% "good".
And the other key is that 99% of the cash goes over seas. The US is already doing that quite a lot, but believe me, they don't wish more of it. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 01/15/2010 : 08:01:41
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quote:
Originally posted by HoardCopperByTheTon
Al contrar.. the government is protecting us little guys. If the melt ban were lifted.. there would be no pennies for us to sort.
Exactly.
Professionals would take out 99% of cents if there was an immediate pathway to profit. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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pennywise
New Member
USA
23 Posts |
Posted - 01/15/2010 : 09:38:49
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Yes, I see your points. I guess right now is time for the little guy to be prudent, and cash in at a later date. I've heard a couple different sides to the penny selling business at this time. From some I've heard they can't give them away. Others are able to sell already at 2x. It would be great if I could end up in the latter category because I would like to be able to make a little money to support my habit, I mean hobby, I mean investing.
I was mostly just expressing my disgust with the way government works...err, doesn't work. Such a debacle. |
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Thanks, government.
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