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 Copper Penny Bullion Investing
 What would it take?
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topeka
Penny Pincher Member


160 Posts

Posted - 04/26/2008 :  19:47:01  Show Profile Send topeka a Private Message
Poll Question:
If I received a legitimate offer of ____ a piece for my pennies I would sell my entire hoard and start over.

Choices:

2 cents
3 cents
4 cents
5 cents
7 cents
15cents
20 cents
no sale


Silver..poor mans gold
Copper..peasant silver

WilliamC
Penny Collector Member



USA
471 Posts

Posted - 04/26/2008 :  20:11:17  Show Profile Send WilliamC a Private Message
5 cents would do it for me.

Let's see, a 5 to 1 return and I have essentially zero risk and all the work is done in my living room. The worst part of the job is to have to go into a bank and buy pennies...

Yea, 5 cents on the penny would do the trick.

Maybe even 4 cents.

For now there's still copper to be had for a penny....

Sorting In Northwest Mississippi
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CoinHunter53562
1000+ Penny Miser Member



USA
1805 Posts

Posted - 04/26/2008 :  21:05:51  Show Profile Send CoinHunter53562 a Private Message
I said 3 cents. My hoard is rather small, but takes up some room even at 20K coins so if I could make a small profit on it now of 2 cents per coin, I wouldnt pass it up.

My hobby: collecting real money 1 copper cent or nickel at a time.

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Saul Mine
Penny Collector Member



USA
343 Posts

Posted - 04/27/2008 :  00:25:33  Show Profile Send Saul Mine a Private Message
It would not be a matter of the price, I would only sell if I needed cash for something important.

A penny sorted is a penny earned!

Please use tinyurl.com to post links. Long links make posts hard to read.
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misteroman
Administrator



USA
2565 Posts

Posted - 04/27/2008 :  00:27:28  Show Profile Send misteroman a Private Message
I voted 3 as I know I can buy all I would ever need for2

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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lilyrdape
Penny Pincher Member



USA
152 Posts

Posted - 04/27/2008 :  01:36:42  Show Profile  Send lilyrdape an AOL message Send lilyrdape a Private Message
i voted 5 because i plan on saling some of the hoard on the side and keeping my own hoard for long term
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Centsearcher
Penny Pincher Member



USA
107 Posts

Posted - 04/27/2008 :  09:28:07  Show Profile Send Centsearcher a Private Message
I voted two cents because my hoard is still in its infancy and an 100% profit ain't bad no matter how you slice it.

--Misplaced Numismatist--

Democracy: The only system where any two idiots can out-vote a genius

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aboxaweek
Penny Collector Member



USA
326 Posts

Posted - 04/27/2008 :  17:00:22  Show Profile Send aboxaweek a Private Message
3 cents i voted, but i just might sell them for 1.5 cents soon! start over and get my hoard up again.



*HUCKABEE*
___08'____
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Delawhere Jack
1000+ Penny Miser Member



USA
1680 Posts

Posted - 04/27/2008 :  18:57:24  Show Profile Send Delawhere Jack a Private Message
I voted 20, because I'm a GREEDY %!!@#!%

No, really because I have no intention of selling soon, but at 20x, I'd deliver them on a silver platter! Silver plated...of course.

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson


Edited by - Delawhere Jack on 04/27/2008 18:58:27
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NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 04/27/2008 :  18:57:53  Show Profile Send NotABigDeal a Private Message
No sale at this time. A buck each, maybe....hehe

Deal


Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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Ardent Listener
Administrator



USA
4841 Posts

Posted - 04/27/2008 :  19:05:36  Show Profile Send Ardent Listener a Private Message
5 X face sounds good unless siver is at $100 per ounce then.

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Think positive.
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n/a
deleted



34 Posts

Posted - 04/27/2008 :  20:54:38  Show Profile Send n/a a Private Message
I am with Centsearcher. 2X. They say an average person who invests with some comman sense or a little help for a financial planner can double their money in 7 years. Being able to go to the bank and get copper pennies and turn around and get 2 cents for them. Sounds good to me. Oh yeah the Ryedale does help with this logic. Might be 3-5 cents if I was hand sorting...
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moboman
1000+ Penny Miser Member



USA
2555 Posts

Posted - 04/27/2008 :  22:58:45  Show Profile Send moboman a Private Message
I think 2 would be good enough for me, if I could double my money and I could still get more. <- Big if?

My reserves arent big enough to get a hoard the size I would want, but if I have time one day and there is nothing else going on, I think I could knock out those reserves.

"99% of all lawyers give the rest of them a bad name"


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cyberdan
Penny Collector Member



USA
289 Posts

Posted - 04/28/2008 :  10:47:27  Show Profile Send cyberdan a Private Message
I voted 4¢ each only because my wife wants to move and I really do not want to haul everything to a new location. Only have about $800-900 face right now.

Of course some one would have to pick up at that price.
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CoinHunter53562
1000+ Penny Miser Member



USA
1805 Posts

Posted - 04/28/2008 :  13:06:56  Show Profile Send CoinHunter53562 a Private Message
If I did sell mine at 3 cents each, all profits ($400) would go towards obtaining more silver, with the $200 of face value used to obtain more penny boxes.

My hobby: collecting real money 1 copper cent or nickel at a time.

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