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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 05/26/2008 : 17:47:08
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Poll Question:
At what point will you stop collecting or hording copper pennies?
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/26/2008 : 19:00:58
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| I'm not telling. Well somewhat because I'm unsure. Howbout, when its not worth my time/money/etc to keep doing it. Let's say gas goes up more, I wont be driving to pickup pennies, I wont be going to lunch to get change in pennies. If electricity prices go up more, I wont be running the coin artist as much or my counter. |
"99% of all lawyers give the rest of them a bad name" 
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 05/26/2008 : 19:10:41
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| i will stop when my percentages get down to about 5-10% or something like that, it also depends on how much copper is worth, if my percentages drop a lot, but the prices go up a lot i would still sort. i just put When there is none in circulation |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/26/2008 : 20:41:11
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| Tougher times will put a squeeze on many people's coin hoarding and precious metal hoarding habits. But one needs to consider that if inflation is hurting you then that's all the more reason to hoard. There are limits for everyone, but once the opportunity is gone it will be gone for good. |
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Think positive. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 05/26/2008 : 20:48:43
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I have been saving all my loose change for the past 30 years so that now I have five 5 gallons plastic water containers full and now working on number 6.
But besides the above I now also have 43 nickels bricks...... in time to come the meral coins will be more valuable than the paper fiat. |
"If you don't hold it, you don't own it"...Ponce |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 05/26/2008 : 20:55:46
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| I've already done the 1st 5 items. The correct answer for me is when it's no longer economically feasible to collect copper pennies. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 05/26/2008 : 23:32:27
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| I know the answer to this one....... when they take it out of my dead cold hands? from GIM |
"If you don't hold it, you don't own it"...Ponce |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/26/2008 : 23:38:19
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quote:
Originally posted by Ponce
I know the answer to this one....... when they take it out of my dead cold hands? from GIM
That's why they dont go in a safe deposit box.
I've used your quote lots of times ponce. "If you dont hold it, you dont own it." |
"99% of all lawyers give the rest of them a bad name"
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fiatboy
Administrator
912 Posts |
Posted - 05/27/2008 : 02:15:14
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Satisfied with my hoard, I've already cut back quite a bit. That being said, I did sort $20 today.  |
"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 - 05/27/2008 : 02:16:16
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| Topic moved to Hoarding copper pennies section. |
"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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I Will Stop Collecting Copper Pennies When?
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