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rakattack
Penny Pincher Member
105 Posts |
 Posted - 03/09/2010 : 23:38:03
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Quarters and dimes are so easy to get, plus they're conveniently larger and they contain ~91% copper. So, the reality is, while you guys are sorting through a box of pennies for copper, I can go to the bank and get a quarters. Not only is it a time saver, there's a chance for silver too (however slim they are)! Why NOT start hoarding clad dimes and quarters??
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 03/09/2010 : 23:40:10
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| the cost to copper factor isn't as great as the penny. |
Trolling is an art. |
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rakattack
Penny Pincher Member
105 Posts |
Posted - 03/09/2010 : 23:42:51
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| Oh ok, I wondered why people weren't hoarding dimes and quarters... |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 03/10/2010 : 01:16:33
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quote:
Originally posted by rakattack
Oh ok, I wondered why people weren't hoarding dimes and quarters...
Because when you hoard clad quarters and dimes, you are grossly overpaying for your copper. For example, the older copper pennies actually have more copper than the clad dimes, yet they cost 1/10th as much.
Its true that obtaining copper pennies involves some sorting on my part; but then I'm only paying about $1.50 per pound for my copper as opposed to the roughly $17 per pound that you are paying for your's. If you want to obtain copper without sorting buy some nickels. |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 03/10/2010 : 07:24:10
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| I cash in dimes and quarters to free up money for pennies. They will not hit parity until were probably well into hyperinflation. Nickels would be a better buy if you don't want to sort. |
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sheba
Penny Pincher Member
USA
191 Posts |
Posted - 03/10/2010 : 11:21:48
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Nickles, though pretty volatile, are bouncing around the 9.90 to 10.40 area (25% nickle-75% CU, I think).
At 10.00/lb for nickle, a 2.00 roll of nickles is worth slightly more in metal content ... I have recently seen the metal content as high as 2.07-2.10 for a 2.00 roll.
Plus there is the advantage of running across a wild buffalo, 35% UA war nickles and possibly even a liberty nickle. Also some of the dates of the Jeffersons are underpriced as numismatic items, according to the 'experts'.
If you want to sort and hoard more than pennies, I woul suggest nickles as a possibility.
sheba |
woof ... wag ... whine |
Edited by - sheba on 03/10/2010 11:23:06 |
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Dalmatian929
New Member
15 Posts |
Posted - 03/10/2010 : 12:28:34
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| What they said above. And if dimes and quarters hit parity any time soon they would not do you much good anyway in my opinion. That type of Zimbabwean hyperinflation scenario would make the great depression look like good times. |
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cesario
Penny Pincher Member
129 Posts |
Posted - 03/10/2010 : 17:55:16
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quote:
Originally posted by sheba
35% UA war nickles
I was gonna make a Periodic Table joke here, but I can't find an element that is either Ua, or U & A. (Uranium has the chemical symbol of U). |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/10/2010 : 18:07:03
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| Someday clad will be hoarded too. But today isn't that day. The zinc cent will probably be hoarded first. |
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Think positive. |
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sheba
Penny Pincher Member
USA
191 Posts |
Posted - 03/10/2010 : 21:48:26
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Sorry about that cesarioi and everyone else ..
Never took Chemistry (which must be obvious by now) ... but I guess I'll try again with Ag or Au ... one's gold and one's silver, right?
anyway, that silver stuff in the warnickles makes finding them worthwhile ... I think their metal value is around 1.00+ per nickle. (I think!!!!  )
I'll bet there might be a lot of Uranium money in the Chernobyl area 
sheba |
woof ... wag ... whine |
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Why not hoard copper in dimes and quarters?
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