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deleted
35 Posts |
Posted - 01/20/2008 : 22:09:12
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We have all heard about the miser who hides their money in their mattress and lives as if they are in the throes of poverty when they are really quite wealthy. But do such people really exist? The truth is that they do certainly exist, and in fact, this behavior is often the result of mental illness.
Unfounded money paranoia and hoarding is a sign of Obsessive Compulsive Disorder. Often people affected by this disorder will hoard all types of things; rarely getting rid of anything. They may have several old automobiles that they do not use and have no intention of using, but keep them around because they are “Classics” This is true even if the cost of storing them is more than what they could reasonable expect to ever sale them for.
This is only the tip of the iceberg. These people are actually afraid to get rid of anything for it is in their head that someday they might need an item and will have to buy it if they have thrown it away. It is not uncommon for these people to be obsessive about keeping track of every penny spent, and become upset if they are responsible for one cent of interest on anything else which normal people deal with on an everyday basis but that this person considers, unnecessary.
Though it is wise for anyone to be pennywise and thrifty, especially in today’s world when fortunes can be gained and lost quickly if you are not careful, these people who are afflicted with money paranoia will actually make themselves sick worrying about where every penny is spent. The average person looking at one of these individuals would swear that they think they are going to take everything with them when they die.
So what are the signs of Obsessive Compulsive Disorder and Money Paranoia? You are someone you know may be afflicted with this illness if:
They keep just about everything they acquire, even if they haven’t used it for twenty years.
They have an obsession about going online to check their bank statements daily.
They are so worried about losing out on a dime that they will actually cheat close friends and relatives on financial deals.
It is minus 10 degrees outside and they insist on keeping the heat so low you can practically see your breath and it is much too cold to even bathe. They won’t allow the fireplace to be used because that will cost money in extra natural gas, or firewood.
They expect other members of the family to turn off the shower water while they are lathering up with soap and not to turn it on again until they are ready to rinse off. They have a parent that displayed similar behavior as they were growing up. This person will recognize this behavior in their parent, but not themselves. (Thanks Dad :aetsch: )
The difference between a person who is afflicted with mental illness and one who is just thrifty is the obsessive behavior and the fact that this behavior causes trouble and misery for themselves and those around them. |
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fiatboy
Administrator
912 Posts |
 Posted - 01/20/2008 : 22:14:38
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Guess who that describes? |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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fiatboy
Administrator
912 Posts |
Posted - 01/20/2008 : 22:16:08
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quote:
As promised.. I converted zinc to oil (petroleum products) today.
Spending zinc is fun! Sure, anybody can probably take it back to the bank.. the challenge is in using it for your daily transactions so you don't bump your limit at the bank. I dropped an entire $25 box of zinc pennies at the gas station, just like I said I would. Hey, the price was 6 cents cheaper for cash. The guy said "I'm not sure what the boss is going to say" I told him he probably wouldn't like it much but cash is cash. The trick is to act like it's the most natural thing in the world to conduct your business in cold hard cash. Of course a story about the high price of gas and food (those things we all have to buy that are not figured in core inflation) making you poor doesn't hurt. Then I dropped another $25 box of zinc at the grocery store. The cashier didn't have enough room in the till for an entire box of pennies but they handled it fine at the service counter. I was so excited about dumping 2 boxes of zinc that I forgot what I went to the store for in the first place.. forgot the milk. Fortunately I still had a few rolls of pennies left. Stopped at another grocery store to buy a couple of gallons. The cashier there was not as friendly.. her eyes bugged out when I put 11 rolls of pennies on the counter. She said she had no room in her till for them.. that she might be willing to take 2 rolls. I told her fine.. cancel the transaction. I stopped at another store up the street and bought my milk where they were happy to take my 11 rolls of pennies. So what I learned today is that you can get by with a few rolls at the grocery store but they have very limited space in the till. You should probably stop by the service counter and see if they will do a conversion for you to facilitate your transaction. It's not like the grocery store can't use a few rolls of pennies. It certainly didn't hurt that all these rolls were machine wrapped.. places tend to be more accepting of bank wrapped rolls.
Hey HCBTT, do you do plan to continue doing this, especially paying for things with bricks of pennies? |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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deleted
35 Posts |
Posted - 01/20/2008 : 22:36:29
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| So, if each pre-1982 penny contains two pennies worth of copper you could make a penny profit for each penny you smelted. But how practical is that? To make $10,000 in profit you would need to smelt one million pennies, and one million pennies weigh 3.1 metric tonnes, or 3.4 US tons. To store and transport that many pennies to a smelter would most likely cost you more than $10,000; and that is assuming you could lay your hands on a million pre-1982 pennies. Trying to hoard pennies is about as lame as hoarding paper dollars. |
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deleted
192 Posts |
Posted - 01/20/2008 : 22:49:54
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Glenn:
Welcome to the board.
I agree that hoarding is not practical.
People do it as a way of dealing with a crazy world.
The median income of a USA household is about $45,000.
If you could double your money on pennies ( you can't yet) then I guess you could make the median income by sorting by machine 40 hours a week.
If this became popular most of the copper would leave circulation in one or two years.
This whole thing is clearly a hobby. |
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 01/21/2008 : 00:45:04
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Why is it that Glenn seems to be a new handle for an existing member from Ohio? I have never been one to really worry about being practical.. but hey, one guy on this board was able to pile up a million pennies in the last year. $10,000 is not a bad little kicker for a hobby. How practical are most hobbies? I would have been much closer to the 3 ton mark myself, but I sold off quite a bit of my copper hoard at the peak and converted it to silver and gold for diversification. Pretty happy I did that now.
Yes fiatboy.. I will probably continue my adventures in zinc disposal. Mostly it's just for fun, as it is not "practical" to dispose of the huge volume of zinc I wish to unload using this method. I wouldn't want glenn to think I have OCD and can't let go of something.. LOL. |
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. |
Edited by - HoardCopperByTheTon on 01/21/2008 00:59:14 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/21/2008 : 07:17:56
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I'm from Ohio but I'm not Glenn. I admit though that I like it when a new guy comes here and stirs up the pot a little. Unlike similar sites as ours that often lable a new person who asks tough questions such as Glenn a "Troll". We tend not to be so defensive here because we feel confident in ourselves and our decisions. I think we talked about O.C. before around here so his post is not something new to a lot of us.
In a spend-thrift society a person who saves moeny at all, even in the bank, is often looked upon as being strange if not O.C.. If I perfer to save a percentage of my money in the form of coinage that can not be quickly spent then I suppose they would consider that even stranger yet.
Many people are investing into copper at this time. Most of them would jump at the chance to buy it for less than half the price of spot. So why then is it so very crazy for us to buy it in the form of pennies which have a face value floor?
When I hoarded 90% silver coins out of circulation during the late 60s and early 70s people may have called me O.C.. Funny, I didn't feel a compulsion to not let go of them when silver hit $50 an ounce during 1980.
Glenn, where did you come up with the idea that it would cost $10,000 to store and transport $10,000 of pennies? That is like saying there is no profit in storing and transporting scap copper. I know of many a scrap yard that would disagree. I don't plan on transporting my copper by UPS. My pickup truck will do just fine. As for storage, I won't go into details since you may be from Ohio, but I will say it doesn't cost me a clad dime. In addition, what if a copper penny becomes worth 3 or 4 cents each?
Hobby, profit, or both it sure can be fun to be a little crazy  with this penny hoarding thing of ours.
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Think positive. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/21/2008 : 07:44:33
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quote:
Originally posted by Ardent Listener
I'm from Ohio but I'm not Glenn. I admit though that I like it when a new guy comes here and stirs up the pot a little. Unlike similar sites as ours that often label a new person who asks tough questions such as Glenn a "Troll". We tend not to be so defensive here because we feel confident in ourselves and our decisions. I think we talked about O.C. before around here so his post is not something new to a lot of us.
In a spend-thrift society a person who saves money at all, even in the bank, is often looked upon as being strange if not O.C.. If I prefer to save a percentage of my money in the form of coinage that can not be quickly spent then I suppose they would consider that even stranger yet.
Many people are investing into copper at this time. Most of them would jump at the chance to buy it for less than half the price of spot. So then is it so very crazy for us to buy it in the form of pennies which have a face value floor?
When I hoarded 90% silver coins out of circulation during the late 60s and early 70s people may have called me O.C.. Funny, I didn't feel a compulsion to not let them go when silver hit $50 an ounce during 1980.
Glenn, where did you come up with the idea that it would cost $10,000 to store and transport $10,000 of pennies? That is like saying there is no profit in storing and transporting scrap copper. I know of many a scrap yard that would disagree. I don't plan on transporting my copper by UPS. My pickup truck will do just fine. As for storage, I won't go into details since you may be from Ohio, but I will say it doesn't cost me a clad dime. In addition, what if a copper penny becomes worth 3 or 4 cents each?
Hobby, profit, or both it sure can be fun to be a little crazy with this penny hoarding thing of ours.
I agree with you I consider it a hobby for me which may someday turn out to be profitable. It goes hand in hand with the coin collecting hobby I already have. I can look for wheats and nice AU coins from the sixties.
I agree people probably thought you were nuts for pulling silver out of circulation in the 60's, but now you are getting 10 - 15 times face value for those coins. I think sometime down the road we will get 10 times face for copper. It might be our grandchildren that do, but then my kids and grandkids will think, " gee, maybe Dad and Grandpa wasn't so nuts after all" when they are selling each $25.00 brick I have put away for $ 250.00
And how many other hobbies or investments can you make where you have a floor under it for your risk? We will always get our initial investment back, the only thing I have invested is my time, and cost of my Ryedale. And hauling these bags of pennies up and down the stairs to my basement and into the banks does not hurt either, it gets me off the couch.
So I don't see a downside we have the floor with unlimited upside potential, plus we get some good exercise. Now if I could just get my wife to agree. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 09:53:46
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quote:
Originally posted by NDFARMER
[quote]Originally posted by Ardent Listener
So I don't see a downside we have the floor with unlimited upside potential, plus we get some good exercise. Now if I could just get my wife to agree.
Maybe she will eventually agree. It beats chasing wild women.. one of my earlier hobbies. What with the multiple deadly deseases associated with that and the high cost of Viagra, this copper penny hoarding thing sure looks like an innocuous hobby.
Ardent Listener.. I was referring to another member from Ohio, who is actually a pretty nice guy. If you check the IP addresses I think you will get a match. The timing and writing style flag it for me. Synchronicity?.. I think not. 
Funny, I didn't have any problem letting go of my silver hoard in 1980 at the peak of the market either.. even dumped a bunch of low grade Barber halves as bullion becuase I felt I could probably replace them later when the market adjusted.. which it did.. and they were replaced at a fraction of the selling price. Timed it just right too.. sold out the day before the crash. |
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. |
Edited by - HoardCopperByTheTon on 01/21/2008 10:13:03 |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 01/21/2008 : 11:44:55
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quote:
Trying to hoard pennies is about as lame as hoarding paper dollars.
I disagree. Hoarding pennies is lamer.
You can burn paper dollars to cook food, or keep warm in the winter. You can also use them as effective mulch in a garden, after running them through a shredder. Similarly treated, they make excellent packing material for delicate objects. Creative types have even used them as wallpaper for a unique look.
So yeah, hoarding pennies is way lamer that hoarding paper dollars, or hoarding Citibank shares. |
Trust the government? Ask an Indian. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 01/21/2008 : 12:19:14
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Hoarding copper pennies will prove to be a very wise decision in the long-run. No doubt.
For one thing, Cu pennies will eventually be like wheats (currently 3-4 cents apiece). If the global economy ever really takes off, Each Cu penny could hit 4-6 cents a piece in melt value (the cost of energy will make recycling old copper more lucrative than mining for it).
Copper is always in demand when infrastructures are being built.
Worst case scenerio, you end up with enough pennies to buy a new car or something.
I just can't find a downside. As HoardCopper shows us, we can even have fun getting rid of the zincs! Don't forget the hobby aspect either, there's always a new treasure. Yesterday, I found two coins from Barbados (BU+), One wheat (AU-BU), and about 35 regular wheats, along with another $8+ worth of copper to add to my growing hoard. Yes, hoard. It isn't a bad word.
Today, maybe another Indian, maybe the 1909-S VDB? You never know. Each roll equals 50 chances for an exciting find. If minding my own busines and searching through pennies makes me crazy, then lock me up. I still think that the people who live their lives on a day-to-day basis trusting their fiat currency/god are the crazy ones. They will truly PAY the piper someday. |
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fiatboy
Administrator
912 Posts |
Posted - 01/21/2008 : 12:21:50
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Good points everyone. I especially think it's great that we don't attack people who are skeptical of our copper hoarding.
quote:
In a spend-thrift society a person who saves moeny at all, even in the bank, is often looked upon as being strange if not O.C.
The picture I posted above is of Howard Hughes, the world's most famous O.C.D. case, and the world's first billionaire. Hughes once said that in the future, metals would replace oil as the foundation of wealth, which is why he quietly bought a bunch of silver mines out west. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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fiatboy
Administrator
912 Posts |
Posted - 01/21/2008 : 12:40:20
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quote:
This whole thing is clearly a hobby.
Maybe---but to some, it's more like an addiction. Most banks are closed today, I'm off work, and I have no coins to sort!  |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 13:05:22
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quote:
Originally posted by fiatboy
Most banks are closed today, I'm off work, and I have no coins to sort!
Haven't you learned anything here? This is why you keep a small stash of unsorted boxes on hand.. so that never happens to you.
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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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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 01/21/2008 : 13:44:59
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quote:
Originally posted by fiatboy
Good points everyone. I especially think it's great that we don't attack people who are skeptical of our copper hoarding.
quote:
In a spend-thrift society a person who saves moeny at all, even in the bank, is often looked upon as being strange if not O.C.
The picture I posted above is of Howard Hughes, the world's most famous O.C.D. case, and the world's first billionaire. Hughes once said that in the future, metals would replace oil as the foundation of wealth, which is why he quietly bought a bunch of silver mines out west.
I am totally on board with the Howard Hughes thing. I would love to stay at home, locked in a room, and peeing in milk bottles, but I just can't find anybody who will deliver unsorted pennies to me at a reasonable price. Not only that all my milk bottles are full of copper pennies...though I suppose there is still some free space in them. Hmmmm, might be a good way to deter thieves. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 14:12:53
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Isn't there a Penny Express in your area, horgad? Speaking of Penny Express.. whatever happened to creekrat who originally told us about them? We haven't seen her post in quite a while.
I think your plan would work well for deterring thieves, but it probably wouldn't be good for the surface of the pennies. It can't be any better than fountain/wishing well water, and look what that does to them. What color would they turn? I think the shear weight of the hoard should be enough to deter thieves.. no need for additives. |
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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n/a
deleted
27 Posts |
Posted - 01/21/2008 : 14:15:10
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| HCBTT, In an emergency, you could also make a nice fallout shelter. Those copper pennies would make a nice radiation shield. |
Scrooge's signature dive into money. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 14:29:35
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quote:
Originally posted by rosebud100
HCBTT, In an emergency, you could also make a nice fallout shelter. Those copper pennies would make a nice radiation shield.
rosebud.. I don't think it will work. Alas, those bricks are probably 80% zinc. How is zinc as a radiation shield? I'm afraid when the pennies vaporize from the atomic blast all those zinc fumes will probably have a slight deleterious effect on my respiratory system.  I think I have a poster somewhere that tells me exactly what to do in case of a nuclear attack.
It says something like
Remove all metal objects from your pockets.
Stand clear of buildings.
Stay away from glass.
When you see the bright flash.. bend over, place head firmly between your knees, and kiss your a__ good-bye! |
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. |
Edited by - HoardCopperByTheTon on 01/21/2008 17:08:55 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 01/21/2008 : 17:41:45
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quote:
Originally posted by glenn
So, if each pre-1982 penny contains two pennies worth of copper you could make a penny profit for each penny you smelted. But how practical is that? To make $10,000 in profit you would need to smelt one million pennies, and one million pennies weigh 3.1 metric tonnes, or 3.4 US tons. To store and transport that many pennies to a smelter would most likely cost you more than $10,000; and that is assuming you could lay your hands on a million pre-1982 pennies. Trying to hoard pennies is about as lame as hoarding paper dollars.
So practical that one Ohio operator has invested huge capital to tool up to sort 50,000 coins per minute, all while doing a favor for the taxpayers.
Perhaps he has OCD, or is it just a hobby on steroids.
You must be logged in to see this link.
By the way, it was turned down. I think they saw through his plan of "saving the mint money" all while melting copper pennies for profit. Thats Cute. Play nice everyone.
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Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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Ryedale
Administrator
USA
523 Posts |
Posted - 01/21/2008 : 18:08:08
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quote:
Originally posted by glenn
So, if each pre-1982 penny contains two pennies worth of copper you could make a penny profit for each penny you smelted. But how practical is that? To make $10,000 in profit you would need to smelt one million pennies, and one million pennies weigh 3.1 metric tonnes, or 3.4 US tons. To store and transport that many pennies to a smelter would most likely cost you more than $10,000; and that is assuming you could lay your hands on a million pre-1982 pennies. Trying to hoard pennies is about as lame as hoarding paper dollars.
I'm going to put something into perspective here. Sorry glenn your math is wrong.
One Gallon of milk weighs 8.6 lbs
One cow can produce 100 lbs of milk per day, or almost 12 gallons.
3.4 US tons of milk is 6800 lbs. or the equivalent of 790 gallons of milk. About 68 head, of milk cows.
Milk sells for 4 dollars per gallon, for total sales of $3162 dollars. So somehow that 3.4 tons of milk was harvested, transported, at least twice, pastuerized, stored in a refrigerated and clean environment, packaged, (all things leading to this point are costs) and finally sold with some kind of profit margin. So how you came up with storage and transportation of $10,000 per $10,000 is as I said, wrong. Most trucks with two axels (tractor trailer types) at a minimum can haul 24,000 lbs of product, add axles and pile it on. For instance double gravel trains can haul 80,000 lbs or more, yes 40 tons, and they are merely hauling dirt, (low value per ton) Immagine a 40 ton load of pennies, at todays price of about $6000 per ton, that would be $250,000 per truck load.
The guy that sent the photo below, which many others have seen here, processes about $7000 per week in mixed pennies, Thats 700,000 coins per week. He is not a "large operator" by any means. If his percentage is even 10% he will still harvest 70,000 coppers per week. (his percentage is much higher BTW). So in 14 weeks this operator, just by running them through his own business, can set aside his million.
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Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 19:11:30
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The standard container actually holds quite a bit more than that. We ship out over 200 tons of material every day.. all by truck. Most of our shipments are in excess of 46,000 pounds (23 tons). It only costs us a couple of hundred dollars per load whether it is going to the port or to a local metals dealer. I could haul 3 tons of copper in one of our small box trucks even cheaper than what we pay our commercial haulers to haul all that material, but would get some ecomomies of scale if shipping over 20 tons of copper per load. Shipping is much, much cheaper than glenn estimated if you are shipping large weights. If we can ship paper and cardboard to China and still make a profit, surely we can ship copper, which has a much higher per ton value at a reasonable cost.
What I want to know is.. how does this guy who is "not a large operator" dispose of all his zinc? |
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. |
Edited by - HoardCopperByTheTon on 01/21/2008 19:23:33 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 01/21/2008 : 19:32:54
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quote:
Originally posted by glenn
So, if each pre-1982 penny contains two pennies worth of copper you could make a penny profit for each penny you smelted. But how practical is that? To make $10,000 in profit you would need to smelt one million pennies, and one million pennies weigh 3.1 metric tonnes, or 3.4 US tons. To store and transport that many pennies to a smelter would most likely cost you more than $10,000; and that is assuming you could lay your hands on a million pre-1982 pennies. Trying to hoard pennies is about as lame as hoarding paper dollars.
Hi Glenn!
Welcome to our fun little forum.....your open minded views will be welcome here....
Hey, I stashed away 1 Million copper pennies in just about 10 months! It is super lame knowing my money is inflation and deflation protected and currently worth about 100% more than I invested. It really sucks, but I just can't stop due to my OCD problem.
Enjoy your Fiat...you can almost use it to wipe your bung....but that will not be a problem once you will not be able to trade the worthless paper food....
Later Glenn. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/21/2008 : 21:22:03
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Today's zinc disposal adventures were entirely positive. Threw a bunch of rolls in the bag this morning to get me through the day. Stopped off at Round Table for lunch. They were very happy to take my 10 rolls of zinc and encouraged me to bring more rolls by as well as rolls of other denominations because this saves them from having to go to the bank to pick up rolls of change. They might start getting a higher percentage of my lunch business if this keeps up.
Next stop, the gas station across the parking lot to top off the tanks. The gal saw me carrying in the 20 rolls of pennies in my little red coin tray like they use at the bank. She was happy to take them. All she asked was.. "Can I keep the case?" I told her no, those aluminum coin trays cost too much. Maybe later this week I will drop a brick of zinc on them and see how it goes.. I will even let them keep the box! I even found a penny on the ground next to my car while I was filling up.. and it was a copper! |
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. |
Edited by - HoardCopperByTheTon on 01/21/2008 21:51:16 |
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n/a
deleted
35 Posts |
Posted - 01/21/2008 : 22:27:28
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| Time is the most precious thing u have, and wasting my time sorting through hours of pennies sounds like the worst factory job I could imagine just for a few speculated bucks that I might make. Sorting change is one thing, I may start that, but going out of my way would distract from other more important things involved in living before we die. And, if money is your obsession, than even if I could sell it for the metal value which I can not, there are so many other things which just make more since to me, that's all. I'm not from Ohio my the way. |
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fiatboy
Administrator
912 Posts |
Posted - 01/21/2008 : 22:44:37
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Hey Glenn. Believe it or not, I completely understand your position. Nothing more important than time (health is pretty important, too). And if I want to make money, I don't do it with pennies. haha. Far from it. I can't speak for everyone here, but for me, I see the whole penny prospecting endeavor as a form of treasure hunting. There are other secondary and tertiary reasons, but the thrill of the hunt is the crux for me. It's not for everyone---this much is clear. I suggest that you go to the bank and buy a few rolls or a box of pennies, maybe some half dollars, too. If you get some excitement from looking through the coins, you'll understand. If not, you at least know what hobby isn't for you.
I think Ryedale gave the best analogy. It's kind of like fishing. Sure, you could go to the store and buy some fish, but that ain't fishing!
Give it a try, you might be surprised how fun it can be. Finding that first wheat penny or silver half can be pretty darn fun! For me, that's time well spent. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Getting Rid of Zincs
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