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ImperialFleet
Penny Pincher Member
USA
217 Posts |
 Posted - 08/08/2006 : 16:32:46
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Is anyone on here hoarding some of the zinc cents you come across? Since my last 4 Brinks boxes were 96% or more new 2006 Zinc cents, I decided, why not hoard a box of 2006 zinc cents? This way my stash is now more diversified with zinc, nickel, copper, silver and gold.
I am thinking perhaps one box of zinc for every 3 or 4 Copper boxes.
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/08/2006 : 17:46:03
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I might be hoarding zincers if I were into sorting pennies like most of you. I think coinflation has zinc cents at about 89% of their face value. The day will come when they are worth more than their face. ButI can put my FRN dollars into nickels without sorting which are at about 130% or invest in silver.
Long story short, I just don't have enought money to invest in zinc pennies when there are other more attractive options out there.
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If you can conceive it and believe it, you can achieve it. -Napoleon Hill |
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Zinc Hoarding
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