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hector6man
Penny Pincher Member
USA
129 Posts |
 Posted - 05/05/2008 : 23:16:52
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Poll Question:
Since copper is at $ 4.00 a pound and it seems to me that we are all hoarding more now then ever. At what price per pound do you plan to sell?
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"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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Edited by - hector6man on 05/05/2008 23:29:19 |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 05/05/2008 : 23:19:43
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you need to have higher numbers.
even though if it goes up a lot i wouldn't sell all of my pennies, i would sell about 1/4th because if it went up a lot it would most likely go up again. |
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 05/05/2008 : 23:30:58
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| Sorry I made a mistake! |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 05/06/2008 : 10:23:01
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At this point I'm still trying to reach my goal of $3000/one ton in copper.
After that I'll think about selling some to finance future penny purchases.
But if inflation ever really kicks in and paper money starts becoming worhtless then I'm hoping the copper will be useful for bartering.
At least that's the plan... |
Sorting In Northwest Mississippi |
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thebeave
Penny Sorter Member
USA
49 Posts |
Posted - 05/06/2008 : 12:38:19
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| Well, I will probably sell a few in July or so because I am dumping my college funds into pennies right now. I figure I could save x abmount a week and have x amount when it comes time to pay for college, or I can put x amount a week into pennies and have 1.5-2.0 times x amount when I sell the pennies to pay for the college. Of course, I am also still putting the amount that I originally set aside for pennies into the mix which I will not sell this fall. |
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8150 coppers |
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n/a
deleted
14 Posts |
Posted - 05/06/2008 : 14:06:51
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I'm putting all of my son's college fund savings into copper pennies. He's a year old. So whatever price in 17 years will do it for me....
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 05/06/2008 : 16:02:58
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| My wife has said she will sell my entire hoard at face value, if I don't sell some this year. I plan on selling some real soon. |
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 05/06/2008 : 21:43:40
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| Tourney64, I would sell my wife for face value and keep all my copper pennies if my old lady said that to me. |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 05/07/2008 : 08:24:20
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Tourney64 my wife tells me the same thing. If I "Cash it in" she is going to take my entire coin collection to the bank. She is going to dump my Morgans, Walkers, Mercury dimes, and my pails of wheat pennies and my stacks of copper at the bank. She doesn't want to "bother" with setting up a coin auction.
For some reason she just hates my coin collecting hobby and especially my new addition of sorting copper to my collecting. I guess she would rather have me spending all our extra money at the bar, or casino rather than putting it away for our future or our children's future. If I make it to retirement age I will probably sell off the silver in my collection but plan on passing down the wheats and copper pennies to my kids. I think in 20 to 25 years from now they might be worth quite a bit. |
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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TXTim
Penny Hoarding Member
629 Posts |
Posted - 05/07/2008 : 09:23:38
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quote:
Originally posted by NDFARMER
Tourney64 my wife tells me the same thing. If I "Cash it in" she is going to take my entire coin collection to the bank. She is going to dump my Morgans, Walkers, Mercury dimes, and my pails of wheat pennies and my stacks of copper at the bank. She doesn't want to "bother" with setting up a coin auction.
For some reason she just hates my coin collecting hobby and especially my new addition of sorting copper to my collecting. I guess she would rather have me spending all our extra money at the bar, or casino rather than putting it away for our future or our children's future. If I make it to retirement age I will probably sell off the silver in my collection but plan on passing down the wheats and copper pennies to my kids. I think in 20 to 25 years from now they might be worth quite a bit.
Dang, ND!
I hope you sleep with one eye open! |
Beer is my currency. |
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 05/07/2008 : 12:17:26
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| Lol, that was funny TXT hahaha! I don't have that problem yet. My girl thinks it cute and she thinks I'm a coin collecting nerd. She says I rather you do this then to be on the internet looking at porn or out there getting wasted every night. I tell her that it's for our future. I think you guy need to tell you women that. |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/31/2008 : 11:12:09
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quote:
Originally posted by NDFARMER
Tourney64 my wife tells me the same thing. If I "Cash it in" she is going to take my entire coin collection to the bank. She is going to dump my Morgans, Walkers, Mercury dimes, and my pails of wheat pennies and my stacks of copper at the bank. She doesn't want to "bother" with setting up a coin auction.
For some reason she just hates my coin collecting hobby and especially my new addition of sorting copper to my collecting. I guess she would rather have me spending all our extra money at the bar, or casino rather than putting it away for our future or our children's future. If I make it to retirement age I will probably sell off the silver in my collection but plan on passing down the wheats and copper pennies to my kids. I think in 20 to 25 years from now they might be worth quite a bit.
Well make sure that the date of the dump and the name of that bank gets emailed over to me in advance. We hope you live forever, but if she is going to dump anyway... And my wife thinks I'm crazy too. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/31/2008 : 11:48:25
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like i said before, just leave them in your will to me. I'll give your family face for them. Then you know your collection will be going to someone who cares about it, and your family will still get money.
I'm selling copper right now. just a few though. Link is in my sig to the ebay auction. |
"99% of all lawyers give the rest of them a bad name" 
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Edited by - moboman on 05/31/2008 11:49:24 |
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misteroman
Administrator
USA
2565 Posts |
Posted - 05/31/2008 : 11:49:32
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| Beave, that is a very smart plan.Good to hear |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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JSutter
Penny Pincher Member
214 Posts |
Posted - 05/31/2008 : 12:02:49
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She is going to dump my Morgans, Walkers, Mercury dimes, and my pails of wheat pennies and my stacks of copper at the bank. She doesn't want to "bother" with setting up a coin auction.
Better yet have her PM me and I'll arrange a pickup to save her the hassle of dealing with the bank. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/31/2008 : 20:08:26
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With the way the dollar is going, is $8 a pound at some point in the future really any better than $3.80 a pound now? I have been known to sell a few here and there at the current price while continuing to hoard more.  |
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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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 07/22/2008 : 16:00:18
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| If I see copper selling for $100 a pound. That will be proof the copper is more valuable than the paper. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 07/22/2008 : 16:34:28
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quote:
Originally posted by HoardCopperByTheTon
With the way the dollar is going, is $8 a pound at some point in the future really any better than $3.80 a pound now? I have been known to sell a few here and there at the current price while continuing to hoard more.
Basically by the time copper reaches $8 a pound ,you will have saved up enough in that time to be in the 2 ton club instead of just the 1 ton club. So you will just be collecting more and more til IT'S TIME to party, that would basically be like having double the amount you have now at $4 a pound which is ok in my book. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/22/2008 : 17:59:45
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I don't have any fixed dollar amount in which I would sell my copper pennies or nickels. It could be as low as the face dollar amount if we should go into a deflationary depression or 1000 X face if we should go into a hyperinflationary depression. It really mostly comes down to when I would really need to use my hoard as money or trade.
Much like my silver hoard, I consider that this metal coin hoard of mine as an insurance policy against the unknown rather than an opportunity to turn a fast profit. |
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Think positive. |
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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 07/22/2008 : 18:01:11
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| We'll see what the market value for copper is when only 1% of cents in circulation are copper memorials. |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 07/22/2008 : 19:11:54
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| My hoard is also kind of a savings account. I'll sell some if needed, but I never plan to sell it all. My wife used to think I was just spending money on a lame hobby until we had an "oops" with the checking account. I sold some silver to avoid a bunch of fees. My hobby dosen't seem so lame now! |
Are you throwing that out? |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 07/22/2008 : 19:21:55
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quote:
Originally posted by Flbandit
My hoard is also kind of a savings account. I'll sell some if needed, but I never plan to sell it all. My wife used to think I was just spending money on a lame hobby until we had an "oops" with the checking account. I sold some silver to avoid a bunch of fees. My hobby dosen't seem so lame now!
Yeah, I've start selling a little bit of copper to help ratchet up my available funds for food and preps, but it looks like this week I'm going to have to cash in some of my coppers to finance my Brinks order this week. But at least having pennies on hand is better than losing money via fees to the bank! |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/22/2008 : 20:31:59
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| We'll sell what the price of copper is when I retire in 40 years. Thats' when I will cash in! |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 07/22/2008 : 21:30:19
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| Probably the time to sell would be if copper prices went parabolic, and maybe just enough copper to cover the face value of the coins in the hoard. My understanding is that if the US dollar strengthens then metal prices would fall. The face value of the penny would not diminish. It is no problem to hold on to coins when interest rates are so low. An inflation spike and maybe a metal price spike would be a window to sell some copper, take a "profit" and park the cash in a higher interest rate bearing account. That is if interest rate go up to fight inflation. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 07/23/2008 : 07:37:36
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Wow I feel sorry for the guys who have wives that are anti-hoarding/coin collecting. If my girlfriend didnt support me doing this, we woulndt be together. Like one guy mentioned, it has bailed him out during an oops moment, and others have mentioned it as a savings vehicle or hedge against inflation.
To answer the original question, I am not sure. Coincidentally, I was just unloading some boxes this morning that had smaller boxes (2000 and 2500 count) of copper cents. I forgot how heavy those can feel in the morning. But I have no intention right now of selling them despite the weight and bulk. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 07/23/2008 : 09:03:19
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| Folks, we also have the fringe benefit of holding onto copper coins because they are real versus paper or electronic currency. In an industrial world, copper has much more value than paper. BTW, my wife has taken an interest in silver collecting because talking heads like Kiyosaki (Rich Dad, Poor Dad author) said to get gold and silver. In a way, I wish he would say to collect copper so my wife would give me less rolling eyes about my copper pennies, but the masses would scoop up the pennies if they realized how they were under-priced. |
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When do you plan to cash in your pennies?
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