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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 03/25/2008 : 20:12:35
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A lot of people these days seem to be holding on to some PMs........silver.........maybe a little gold.........but how much copper do you think the average joe is really holding? In what form?
Just thought I would throw that out for discussion. BTW, you guys don't count as average joe in this situation.
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Think positive. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/25/2008 : 21:58:06
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| seems like many households of older people30+ have penny jars and such and are just too lazy to cash them in.Tough times may change that though |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/25/2008 : 22:36:29
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quote:
seems like many households of older people30+ have penny jars and such and are just too lazy to cash them in.Tough times may change that though
I agree...as the recession deepens or stays in place, people are going to cash these in to make ends meet. That's good for us hoarders/collectors. It's hard to put a number on it but maybe $10-$20/person? I really have no idea how to answer the original question. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/25/2008 : 23:43:00
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I don't think the average Joe-Jill has any idea what a copper penny is worth. Most could care less as they don't see it as anything other than a penny (which it is). At Easter dinner I discussed with my family what I was doing. They all got a good laugh, my sister told me she would clean out her penny jar for me. She works next to a bank and she says "NO WAY am I going to buy you pennies".
My dad is o.k. with picking me up a few rolls when he visits his bank the rest are impartial to the idea. Some people I work with have small coin collections. Most think i'm weird for doing this so I wont talk about it.
To answer your origional question I think most 7 out of 10 people don't hold any PM's and what little copper pennies they have are probably in their piggy banks. So yes coinhunter this is good for us. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 03/26/2008 : 17:21:23
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I think average people would tend to have a lot more brass than pure copper, typically in the form of household items, statues, book ends and such. I've seen that a lot of "old-timers", particularly the handyman types, keep a bucket for scrap brass and copper items.
Electricians and plumbers would be the most likely hoarders...outside of penny hoarders. |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/26/2008 : 18:51:18
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| I agree, I see a lot more brass than pure copper around. The most copper average joe has around is in his copper pipes provided they aren't PVC or something. Average joe is copper poor. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 03/26/2008 : 21:02:59
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quote:
Originally posted by Ardent Listener
I agree, I see a lot more brass than pure copper around. The most copper average joe has around is in his copper pipes provided they aren't PVC or something. Average joe is copper poor.
Poor Joe
I used to work as a locksmith. The owner had a back room littered with what had to be hundreds of pounds of mortise lock cylinders, probably 8 oz each of high copper brass.
It was just tossed hodge-podge in milk crates and cardboard boxes.
I sometimes salivate thinking of it. |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 03/27/2008 : 19:09:46
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My family thought it was a waste of time to go through and find copper pennies. I dont think any of them have copper at all, other than the wire/pipe in their houses.
I know some of them have silver coins and things, but no one with copper.
So I would have to say average joe would cash in his copper if in the form of pennies, or recycle it at the local metal recycler. |
"99% of all lawyers give the rest of them a bad name" 
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How much copper is in the hands of average joe?
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