| Author |
 Topic  |
|
|
faithnotwork
Penny Pincher Member
USA
121 Posts |
 Posted - 01/16/2009 : 09:25:58
|
I'm new to the forum, came over from silverseek.com and find any kind of bullion interesting.
Is there a movement to melt copper pennies for bullion?
I've got coffee cans full of them, and I would hate to just roll them up and get FRN for them, unless I can immediately buy silver or something with the funds.
Any suggestions..
|
|
|
Corsair
Penny Hoarding Member
811 Posts |
Posted - 01/16/2009 : 10:19:27
|
| Besides from the fact that it's illegal at the time, no, there is no movement that I know of. |
So long, Realcent 1. Come visit us at Realcent.org! |
 |
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/16/2009 : 10:33:18
|
You treat them just like you would silver coins. They trade based on a multiple of face. Right now that multiple is quite low.. just like silver coins.  |
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. |
|
|
|
fb101
Administrator
USA
2856 Posts |
Posted - 01/16/2009 : 17:31:36
|
| Hoard as many as you can. Someday it will not be illegal to melt them and they may very well be worth $erious money. |
 |
|
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 01/16/2009 : 21:30:38
|
| It would be as pointless as melting Franklin halves or Silver Eagles - metal is always worth just a tad more in coin form. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/17/2009 : 11:12:46
|
quote:
Originally posted by AGgressive Metal
It would be as pointless as melting Franklin halves or Silver Eagles - metal is always worth just a tad more in coin form.
I'm pretty sure millions of Franklin's, as well as most other varieties of "junk" silver are/were melted on a regular basis. As far as pennies, why would you melt them? You can trade them here for something probably, or, like a lot of us just keep putting them away....
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 |
|
|
| |
Topic |
|
What about penny melt
Forum Locked
