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c140cessna
Penny Collector Member
USA
419 Posts |
 Posted - 04/25/2007 : 08:23:38
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Here is a defferent perspective on hoarding - I was thinking about it the other day, and I think this is a fairly accurate comparison:
HOARDING IS JUST LIKE A DOLLAR MATCHING 401k PROGRAM....but better...
A) For every dollar I "Invest" in my hoard, the intrinsic value of the copper base metal in the penny "Matches" my dollar with another $1.50 of metal......thus, my $1.00 becomes an investment worth $2.50...instantly!
B) Like a 401k, it is a "Defered Investment" - my 401k money is tied up until I'm age 59. In the same respects, my Copper Hoard is also "tied up" until some time in the future, due to the current melt/export ban. I'm very confident that I will not have to wait until I'm 59 (nearly 20 years out) before the melt ban is lifted...
C) Due to the ever increasing price of base metals and the unending decline of the dollar, my copper hoard value "grows" due to: monetary inflation, base metals demand and rising costs to mine, process and deliver base metals like copper.
D) Better than a 401k, there is a guaranteed bottom to my hoard investment - the face value of the coins!
Just like a 401k....where many of my co-workers fail to participate...you have to invest in order to get the match.
In just the past 6 weeks, I've squirreled away over 500 lbs of Copper. That 500 lbs cost me $700 in face value, while the current spot value of that 500 lbs of copper is worth $1800....I just obtained $1100 for FREE!...other than some small associated costs of running around town to get my pennies, my time and effort, and the price of my Ryedale 300 machine.....which BTW: have you seen the new Ryedale products on the Buy/Sell/Trade: A nice little manual feed sorter for under $150, and a fully automated machine for under $300...
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Without a sorting machine, I would have never been able to squirrel away all that copper in such a short amount of time....at my current pace, I plan on having over 4000 pounds in the first year. That's 2 tons of copper baby!!!! The cost of my annual investment will be $5675 and the current spot value will be $14,400....a profit of nearly $9,000/year.....and it is inflation proof sound money!
I never dreamed that this could be such a great investment for me and my family! If you are not doing this, you are missing the boat...and once she sails, it is never coming back....
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Edited by - c140cessna on 04/25/2007 09:08:39 |
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37 Posts |
Posted - 04/25/2007 : 11:33:54
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A real interesting viewpoint (or justification for a hoarding addiction :) )
It all looks good on paper and of course the key risk is being able to realize that gain. Like any other wealth building plan, you need diversity in how you save.
Hoarding should be one of many methods used, including traditional 401ks, precious metals, etc.
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Frugi
Administrator
USA
627 Posts |
Posted - 04/25/2007 : 12:02:40
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Quote:
''I never dreamed that this could be such a great investment for me and my family! If you are not doing this, you are missing the boat...and once she sails, it is never coming back....''
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I cannot believe all the people that are really missing the boat!
I luckily have been coming across some great buys lately that allow me to not have to sort which in itself adds to the value of my hoard since there is less time expended acquiring and sorting.
Lately people have been calling to sell me unsearched Canadian pre1964 rolled cents and pre1982 nickels at face value. I used to have to hunt the deals down, now that people know I am actively buying, I cannot keep up with all the offers.
I bought 2000 nickels last week (all pre1970).
I bought 10,000 Canadian Cu cents yesterday.
I am buying 2000 more nickels tommorow.
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86 Posts |
 Posted - 04/25/2007 : 15:28:55
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Well c140cessna, You definitly have some strong points and hit right square on with the hamma. However, I'd say the easy way to do it is "just buy nickels".
Last Christmas, a nickel had an intrinsic value of 7 cents. Now its 9 cents!! Matching 80 cents out of the dollar is not bad, one can be lazy w/o buying any sorters and squirriling the nickels away w/o hardly touching them.
I bought $100 in nickels last week, that investment is worth $180 instantly. No sorting, no overhead, no nothing. Not quite as profitable as the copper pennies, but easier. Just my 2 cents worth
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37 Posts |
Posted - 04/25/2007 : 16:04:36
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quote:
Originally posted by Non-wise man
Well c140cessna, You definitly have some strong points and hit right square on with the hamma. However, I'd say the easy way to do it is "just buy nickels".
I cashed in my hoard of U.S. Nickels and used it to buy a boatload of Canadian ones.  |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 04/25/2007 : 18:24:05
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Guys,
I'm with you on the Nickel play....but I hoard Canadian CuNi...better chance of avoiding melt issues. Funny thing; I have had little interest from others on Canadian CuNi, despite my offer to sell a $100FV box delivered for just $110USD. In my opinion, that is a super deal....don't know why anyone would ever want US Nickels over the Canadian Nickels? You can check out my offer in Buy/Sell/Trade.
All that said, I love copper for some reason. There is something basic about the high Cu % content that the Nickel just does not have. I also really enjoy the sorting process with my Ryedale machine. There is something amazing about watching the nearly pure copper pouring out of the machine....and it feels like I'm "sticking it to the man" when I return those Zincs. I'm a fan of diversification....silver, gold, Ni, Cu, lead, tin, antimony....even ZINC ....some day...quite a bit of all is a good idea in my opinion. I want it all!!!
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Edited by - c140cessna on 04/25/2007 20:57:26 |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 04/25/2007 : 21:18:04
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| Frugi, How have you been finding so many canadian nickels and pennies in the states? |
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86 Posts |
Posted - 04/26/2007 : 20:31:35
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BonPecheur, I guess that's good that you did, however, how frequent are you going to find pre-1982 Canadians? I don't think the melt ban will last another decade for american coins. I also see that people are buying pre 1982 US pennies on ebay. I bidded on $29 face value for $42 and got outbidded!! This goes to prove copper pennies are already bullion and the nickels are just around the corner.
I do have some interesting questions upon Canadian coins to anyone who can answer them. I'm not too familiar with Can. coins.
1. What's the metal composition of the Can. nickel after 1982 and it's mass? I weighed the Can. nickel at 4.5 g. Therefore when US$/CAN$ = 1.1, the american nickel gives best bang for the buck (if CAN nickel = 4.5g).
2. Same question for the Can. penny and their dates?
I'd appreciate if anyone can give me the right answers. Thankyou |
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Frugi
Administrator
USA
627 Posts |
Posted - 04/26/2007 : 23:53:09
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Canadian one cent.
Years Mass Diameter/Shape Composition
2000present 2.35 g 19.05 mm, round 94% steel, 1.5% nickel, 4.5% copper plated zinc
19971999 2.25 g 19.05 mm, round 98.4% zinc, 1.6% copper plating
19821996 2.5 g 19.1 mm, 12-sided 98% copper, 1.75% tin, 0.25% zinc
19801981 2.8 g 19.0 mm, round 98% copper, 1.75% tin, 0.25% zinc
19781979 3.24 g 19.05 mm, round 98% copper, 1.75% tin, 0.25% zinc
19421977 3.24 g 19.05 mm, round 98% copper, 0.5% tin, 1.5% zinc
19201941 3.24 g 19.05 mm, round 95.5% copper, 3% tin, 1.5% zinc
18761920 5.67 g 25.4 mm, round 95.5% copper, 3% tin, 1.5% zinc
18581859 4.54 g 25.4 mm, round 95% copper, 4% tin, 1% zinc
Canadian five cent.
Years Weight Diameter/Shape Composition
2000present 3.95 g 21.2 mm, round 94.5% steel, 3.5% copper, 2% nickel plating
19822001 4.6 g 21.2 mm, round 75% copper, 25% nickel
19631981 4.54 g 21.2 mm, round 99.9% nickel
19551962 4.54 g 21.2 mm, 12-sided 99.9% nickel
19511954 4.54 g 21.2 mm, 12-sided chrome-plated steel
19461950 4.54 g 21.2 mm, 12-sided 99.9% nickel
19441945 4.54 g 21.2 mm, 12-sided chrome-plated steel
19421943 4.54 g 21.2 mm, 12-sided 88% copper, 12% zinc ("tombac")
19221942 4.54 g 21.2 mm, round 99.9% nickel
19201921 1.167 g 15.494 mm, round 80% silver, 20% copper
18581919 1.167 g 15.494 mm, round 92.5% silver, 7.5% copper
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Frugi
Administrator
USA
627 Posts |
Posted - 04/27/2007 : 00:09:29
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Posted - 04/25/2007 : 21:18:04
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Frugi, How have you been finding so many canadian nickels and pennies in the states?
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Answer:
I know less than two people who collect Canadian coins in all of the USA.
I know of 0 coin stores in the Missouri/Illinois that advertise Canadian.
I know of MANY places willing to have you haul it away for face value.
Most Americans hate one and five cent Canadian coins. If you do your homework you should be able to find the deals in your area.
I picked up 6600 Canadian Cu cents (132 rolls) today for $66.00, all are BU rolls of 1960-1965.
On a lesser pleasant note I bought sight unseen today 2000 Canadian nickels. These were supposed to be a good mix of dates from George V's on up to 2006.
Counts are only: 210 Ni & 1190 CuNi & 560 steel. AND short 40 nickels.
Not a horrible deal but alot less profit made than I thought I was making when I bought.
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Edited by - Frugi on 04/27/2007 09:08:28 |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 04/27/2007 : 11:37:49
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Sweet, I think Ill have to start calling around. Thanks for the info. Ill keep you posted on how I do.
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86 Posts |
Posted - 05/06/2007 : 20:11:55
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Also, I like to thank Frugi for spending the time to list all the specs on Canadian coins. Thanks again.
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86 Posts |
Posted - 05/07/2007 : 21:18:56
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Yep, you really can't go wrong in buying nickels. Each one has an intrinsic value around 9c. unless if it's a 2000 or after can. nickel.
So let's say if the price of nickel dropped 75% (an exaggeration of course) a nickel still spends as 5 cents. No risk to that.
I'm not an commodity expert but even silver rounds are, I think, an overall good investment. There's still a possible chance that it may drop but highly unlikely. The US trade deficit is way off the mark which in the long run will devalue the dollar (and there are many other factors). |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/07/2007 : 22:55:39
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quote:
Originally posted by Non-wise man
DANG!! I bidded on a large sum of copper pennies and got out-bidded again.
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Don't you just hate those snipers? Keep trying, I'm sure you will win one eventually. I think I saw you bidding on a bag of copper pennies I put up earlier this week. Good luck!
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Hoarding Cu is just like a Dollar Matching 401k!!!
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