Hording Copper Pennies: A Wise Long-term Investment

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Anonymous
Hording Copper Pennies: A Wise Long-term Investment 2016-06-30 22:20:06 Post No. 1350621
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Hording Copper Pennies: A Wise Long-term Investment Anonymous 2016-06-30 22:20:06 Post No. 1350621 [Report]

I'm aware that the price of copper's gone down quite a bit in the last 5 years, but pre-1982 pennies (which are 95% copper) are still worth twice as much if melted. I'm also aware that destroying currency is illegal, but that doesn't stop me from selling to someone who is willing to do it. I'm thinking, the combination of continuous currency inflation and the limited supply of copper must mean that converting all my cash into rolls of old pennies would be a wise savings strategy. Right?

Anonymous 2016-06-30 22:25:23 Post No.1350637
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Anonymous 2016-06-30 22:25:23 Post No.1350637 [Report]

coinfag here, the scrap price of copper is less than the face value of the money. if you melted all your pennies into a bar and tried to sell it to a recycling plant you would not make a profit and I doubt this will change in the future.

Anonymous 2016-06-30 22:45:26 Post No.1350702
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Anonymous 2016-07-01 05:11:50 Post No.1351774
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Anonymous 2016-07-01 05:11:50 Post No.1351774 [Report]

>>1350621
Fact: Copper, tin & aluminum will be more valuable than gold in silver sooner or later

Anonymous 2016-07-01 05:14:33 Post No.1351779
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Anonymous 2016-07-01 05:14:33 Post No.1351779 [Report]

>>1351774
anon, it's not a fact it you pull some bullshit out off your ass or read it online on buzzfeed or whereever the fuck you got this one from

Anonymous 2016-07-01 05:17:17 Post No.1351783
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Anonymous 2016-07-01 05:17:17 Post No.1351783 [Report]

You're not going to get enough pennies to make it meaningful.

Now long will it take to even get $20 in pre 1982 pennies?

Scrap metal has taken it in the ass over the last few years

My company used to scrap everything and now we just trash most things because it's not even worth paying an employee to load it and haul it to the scrap yard.

Anonymous 2016-07-01 05:21:32 Post No.1351800
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Anonymous 2016-07-01 05:21:32 Post No.1351800 [Report]

>>1351779
I actually pulled it out of my cock.

Anonymous 2016-07-01 06:06:46 Post No.1351848
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Anonymous 2016-07-01 06:06:46 Post No.1351848 [Report]

I think it's worth it especially if they double in value. Imagine owning 3-4k pennies. Once they double in value your fucking rich.

Anonymous 2016-07-02 00:48:30 Post No.1353803
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Anonymous 2016-07-02 00:48:30 Post No.1353803 [Report]

>>1351783

http://www.ebay.com/itm/10-000-Old-Circulated-95-COPPER-U-S-Pennies-Unsearched-Bulk-BULLION-Lot-/381613583837?hash=item58d9f12ddd:g:FlMAAMXQMmJRN1Yf

Anonymous 2016-07-02 00:55:59 Post No.1353818
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Anonymous 2016-07-02 00:55:59 Post No.1353818 [Report]

>>1350621
>I'm also aware that destroying currency is illegal,
Tell that to the FED

Anonymous 2016-07-02 00:56:47 Post No.1353820
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Anonymous 2016-07-02 00:56:47 Post No.1353820 [Report]

>>1351848
wowo amazing $80 you're RICH

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/