I think you better do the math again. I am willing to bet my hoard vs your hoard that your rubbermaid tub does not even come close to 1 ton. I am guessing maybe 500lb but that would be just a guess.
It takes over 47 zinc pennies to equal 1 copper penny..do the math...the zincs weigh 2.5 grams and 2.5% of that is copper! A copper penny weighs 3.11 grams and is 95% copper. 47 to equal 1...wow
If you need to move, you will be forced to leave any wealth stored in copper behind. It's weight:value ratio makes it impractical as a store of value. The value you have stored in tons of copper could easily be stored in a few ounces of gold or several dozen ounces of silver.
@randytate I realize that, but I also have a bunch of silver and gold. It's all about diversifying. It could also be that the dollar stablizes again and gold and silver crash, like the 1980s and 1990s. Then I'll probably spend these pennies for their face value. Or it could be that the dollar is devalued 100 times and we have a new currency equilibrium, then I wouldn't have to worry about moving. It's all about covering as many possibilities as you can.
@FortNikitaBullion That's a reasonable perspective. Pennies are the only circulated coin with a face value below their melt. Nickels were for a time. Maybe silver will be trading at $5 in late January, 2012. I'd trade some pennies for silver that day. I guess if I had a store of value I couldn't move, I'd want it to be farm land. You can almost buy it for pennies these days.
@randytate I don't know why, but my gut also tells me to also load up on Japanese coins, especially the silver 100- and 1,000-yen coins, and maybe a couple of gold 100,000 yens. These coins have both a bullion value and a Japanese yen face value. If you buy a low-grade 1,000 yen coin now (for maybe $20) and silver crashes to $5, you can sell it as 1,000 yen and buy other forms of silver later on.
@TumisHumis That number just popped in my head. But if, pressed, I suppose I could create a scenario. Suppose the euro debt crisis takes a radical turn and people make a run on equities to liquidate all their positions and move into cash or real-estate. Intuitively we believe this would spike precious metals but since the market is flooded with paper ETF shares instead of physical, the price enters a free-fall. Physical metal diverges from paper and the price makes a rapid recovery. ETFs gone.
@TumisHumis There's always going to be debates like this. That's why I have diversified and am well-positioned to deal with each side. If I do have to move, so what if I leave 20% of my assets behind and take my gold and silver and flee? I'm still better off than the masses who will lose 99% of their assets. If the $5 prediction is right, I can take 500 copper pennies and buy an ounce of silver, and I win too.
@FortNikitaBullion There's not a 99% chance of a collapse. That's wishful thinking. I wish I could buy penny stocks and they'd turn into Apple, but you can't say there's a 99% chance that won't happen. It simply won't.
@FortNikitaBullion Diversifying in different PMs is not Diversifying. They really do for the most part Mirror one-another (esp. Gold/Silver) If you're trying to move A LOT of money into PMs. Gold is where it's at, If you're trying to move a few thousand dollars into PMs, Silver is where its at. Copper, however is just not a good store of value in the event of an economic collapse. Can't move it, and it'd be tough enough to buy things with silver/gold already, copper would just complicate it
Not really sure about copper being an investment. I know copper is primarily for electronics and electrical applications. But there is something on horizon better conductivity than copper. I expect in 10-20 years, Graphene will be able to mass produced and replaced copper in electronics and electrical applications. Copper is not in the precious metal class, so it won't be considered as wealth storing avenue.
Really put this into mind, people. Copper is becoming more like gold and silver as a 'safe haven' against both inflation and the doomed Dollar. I would teach your kids and young collectors about the potential of copper cents and what they'll be when copper continues to rise. Think about it, should the Dollar collapse and you have a huge stash of pre-1982 cents, they'll ALWAYS have value because of the copper content, just like the silver and gold coins. I have over $600 face value of pre-82s.
@ScorpioBornIn69 in the end game no one is gunna barder with pennies you have to be kidding me bro. i could see it with gold and silver. but pennies? you cant even melt pennies down, its illegal. I learned that if the end game happens that means gold and silver are worthless because thier value relies on the market. no one will buy it if no one is producing or buying. waste of money it will NEVER be worth it's value. you will have a montain of pennies and no one will want them.
@mateohellabay78 Better do more research and apparently you are naive about the true value of the metal content. Should the dollar collapse, think about it. The metal content will always have the value, gold, silver, copper, etc,. verus the 'paper' greenback which will be completely worthless. Though it is illegal now, it won't be when the penny is discotinued and/or when the Dollar collapses. I have been following this for three decades.
@mateohellabay78 And you say no one will want them. Again you're very naive about the growing awarness and popularity of them. Just because 'you' think that way doesn't mean everyone else does. I been doing this since 1982 and when copper hit $10, good bet that the law that doesn't allow melting will be dropped. Copper now at $4.40. And if you go on eBay, I see more people now selling rolls and bags of older copper pennies for the copper value.
@mateohellabay78 no dude, really no one will trade pennies for food in the end game. its so common that its pointless, 80% of the copper that we have now has been recycled. so tell me how it will hit 10 dollars if it is reusable like aluminum.? dude it will take a good 20 years for it to go up 5 dollars. you are better off with gold and silver
I have both! Also a 1500 gallon storage tank so chlorine is a good item for my application. I use the iodine for the 55 gallon barrel. Chlorine dissapates quickly also mixed properly in old bleach gallons, you have chlorine bleace for laundry purposes.
You are right in being physically prepared. The first people that WILL die are the elderly, obese, children, and especially people dependant on drugs for survival. This is part of the master plan being implemented. Antibiotics are also good to have around. Train yourself to sew up wounds with sutures or at least needle and thread! Get calcium hypochlorite as a stash for water sterilization, not the stabilized stuff sold in the big box stores. Remember that history is a result of planning!
@FortNikitaBullion I got a response from 'meteohellabay78 and said this: "in the end game no one is gunna barder with pennies you have to be kidding me bro. i could see it with gold and silver. but pennies? you cant even melt pennies down, its illegal. I learned that if the end game happens that means gold and silver are worthless because thier value relies on the market. no one will buy it if no one is producing or buying. waste of money it will NEVER be worth it's value." Your thoughts.
I'm pretty sure I saw a 1982 zinc penny there. You better go through them again and be sure. Just kidding. Don't do it. Best thing you could do is load up the wheelbarrow with some pennies and get yourself a Big Bear 40 and a hooker. Go on a rampage.
@disclosurenow9 Yea! I don't know why, everytime I see a 1982 it always looks hard to tell! You have to drop them on the table and listen to the sound it makes.
I have not see your other videos as of yet. I agree with you on the commodities, silver copper, gold etc as they will be very handy after the die off and a system of bartering comes into fruition. The definition of wealth changes when SHTF happens may be how much food you have and survival materials to live until metals come into play. ? This is what I am wrestling with at the moment because when daily bread is not available you cannot survive to use the metals later. Cant buy anything....
You have a good point in qualifying copper as a bartering commodity. The major flaw in your model is that WTSHTF no one will trade ammunition, food, water etc for the copper. It will only be useful AFTER the shakeout when commodities may be in demand. Manufacturing will not bounce back in a week, bartering for items needed such as hygene products, gas, diesel or food may be based on usable essentials.
First, get food, water, ammunition, medical items etc THEN pick up metal commodities.
@Contantq I have these items, too (see my other videos). The issue with food is that it is not a compact and stable store of wealth. You can't reliable save $10,000 worth of dried food in a small amount of space. People will still need something to keep their wealth, even in SHTF, don't you think?
@Contantq I forgot to mention. If you REALLY REALLY REALLY want to prepare for SHTF, the #1 thing you should do is to seriously make improvements to your health, starting today. Get yourself off of pharmaceuticals (talk to your doctor, of course), start getting off of the sugar, trans fats, and other crap, and start exercising and eating super-foods. The last thing you want is to battle SHTF and worrying about not having your meds or comfort foods and going through withdrawal.
(continued from last post) But I see SHTF advice everywhere, people debate whether it's precious metals or canned food or weapons/ammunition/explosives or whatever, almost everyone seems to forget our biggest investment: our health. And it's risk free. You need good health whether or not SHTF materializes. You could lose a lot preparing other things for SHTF if it doesn't ever happen in our lifetime.
I'm sorry to be the bearer of bad news, but in the "doomsday scenario," people wouldn't trade with you - they'd just take your stuff at a gunpoint. Besides, in the absolutely worst-case scenario, the most valuable commodities will be basic necessities - tools, food, etc. You can't eat copper.
@7777dmith7777 Yep, I get that a lot. I don't mind, because we can wait until Doomsday hits when I have something to barter with and other people don't, and we can see who really becomes ill.
@FortNikitaBullion So on doomsday when the Gov. kicks in your door and takes you and your family to a Fema camp you will be able to say " Hold On !! I will give you two metric tons of pennys if you let me stay here at home" ...?
half a cubic meter is 500,000 cc. copper weighs 8.2 g/cc.,or 4,100,000 grams, or 4100 kg or 4.1 tons. coins would be less, because there is space between them, but even 3.5 tons would surely split a plastic storage box.. A ton would be worth the $8000 you mention, so I think you measured the box wrong.
I think having some copper is good but you need to be putting more of your money into gold and silver coins. While gold and silver have gone up quite a bit, your copper hasn't and it isn't very liquidable at the moment.
@BIGMACDADDY23 well if the whole goal is for preparation than why not keep silver or gold in car. The majority of people hoarding copper do so because they can get a 4 cent value for a penny. Now if the carrying of an enormous weight to matter in the event of an emergency is offset by poor gas performance of your vehicle, the car storage makes no sense at all.
@brianinflamusic For survival. Nothing in life is PROMISED. You are never PROMISED to return to the comforts of your home any day of your life, you merely expect it to happen based on routine. If a disaster were to happen between you and your home or on your home itself, your car and everything in it can quite fathomably become your only assets for survival. Proper preperation prevents poor performance.
I have about 8000 pounds of penny's as well and 5 to 20 pound copper trade bars or ingots. Gold and Silver are not the only thing going up in value, base metals like copper are going to increase this year as well. Copper is projected to increase by 38% and unlike precious metals the market is usually right on price wise because base metals are used in manufacturing and construction globally.
It's nice to see that I'm not the only one who likes the 95-5 copper penny's.
Personally. I'm considering buying actual copper bullion off of Ebay which sells for about $10 a pound. I'm thinking when TSHTF the monetary demand for copper bullion would have a significant premium over copper pennies because its a lot easier to barter with (no checking for zinc pennies). Copper is historically worth a 16:1 ratio to silver so I consider that to be a good price. What do you think?
@TripDogg5 $10 a pound is not too bad. I think in the SHTF situation though, copper pennies would be more liquid as they are in smaller units, especially if copper prices do go through the roof. But if your hands are tied in terms of sorting, then $10 isn't a high premium I would say. Even copper cents are likely to cost almost that if you buy them second-hand. I've never heard 16:1 though, do you have a good reference? I thought that was for gold to silver ratio. If you're right, that's amazing
@FortNikitaBullion Yeah, if you look at the weight of a copper penny compared to a silver dime (3.1g vs 2.5g) and since the dime was worth only 10 times as much as the copper penny it's entirely consistent with the 16:1 ratio. So basically that means that 1 pound of copper is equal 1 ounce of silver when it's used monetarily, just like with gold and silver. So when I see a pound of copper bullion for $10 it seems like a bargain.
@TripDogg5 All from circulation. Over the last few years I've also developed a good relationship with many bank tellers, so among other things, I can ask them to hold coins they get from senior citizens (which tend to turn up a LOT of old stuff) and ask them to weigh $25 boxes of coins before I get them (copper-loaded boxes of coins are heavier). I've been doing this for about 3 years now.
@gtq838 Do not use that word. Mental retardation is not something that is your own fault. It is how you are born. You don't call people Cancer Patients if you think they are ugly. Try stupid next time
@davidlee110 Nice!!! I remember when silver was 3x face back when I started collecting coins (just after 9/11). Unfortunately, I didn't have money at the time, it was more of a curiosity.
@davidlee110 I have an entire ms memorial collection. I also have an entire indian cent collection, and the entire flying eagle set with the holy grail 1856. just three coins from having the entire morgan dollar collection in mint state. only 4 more of a certian coin and I will have every known example of it... but when I get those I will make a video.
@davidlee110 lol, fovever. I sifted change as a kid and made a cute little collection. Now I have money and buy what I can when I can. The 1856 was the most expensive and its the worst condition coin in my collection PR34 cost me $5300 and that was 4 years ago worth a lot more now. the memorial collection is a fun on but can be pretty expensive, really expensive if you try to get the error coins too. jefferson nickle collection is much easier to get ms collection. just two key dates I think.
Hey good videos. I agree copper pennies are a great investment right now. Especially as you can still invest in them at face value. But man! Don't be showing people your hoard! I don't get these people who show their silver porn on youtube. If there is an economic collapse people are going to get desperate and if they know you have thousands of dollars in liquid just sitting around they are going to rob you. Copper is safer than silver as it is heavier but still, why take the risk?
@cjoIIProductionz Fortunately, I haven't moved in a number of months, don't remind me of it!!
Anyways, you have to just use your muscles, split it into many many boxes, and take a weekend off. Don't forget to disguise what you're moving if you're going to an apartment building filled with students.
@Tacocat21 In today's world, sure. But look at 1980. Silver was $50/ounce, with the money supply roughly 1/10 of what it is today. So at $500/ounce, you would need microscopic amounts of silver for bread. I think copper was $1.50/lb, or $15/lb in today's money. That's about 10 cents per copper cent. That's not entirely unreasonable. It's going to be even better, because in 1980, there was still some residual trust in the US dollar.
$3,140 in pre1982 cents?? I just went to the website coinflation and had it calculated. $3,140 face value in older copper cents, with copper prices at $4.20, that is $8,706.26 worth of copper! That will be over $5,500 in profit.
"Very manageable for storage" ... 1 ton of copper? How do you move that stuff around? I do think I see some wheels on that thing... I have about 60 lbs of copper pennies and I can tell if I manage to fill the container up it will be very difficult to move.
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
why don't you just buy boxes of nickles so you don't have to sort them. gold > copper because its easier to run away with. I don't think gold is overpriced.
Do you roll your zincs up and take them back to the bank? They started asking me questions and getting tired of me bringing them back. What about those coin machines at the store? i know its a rip off.
@jmwnycprr I mostly roll them back and take them to the bank. Try getting pennies from a credit union and returning them to a large national chain (Chase or Bank of America). National chains are more likely to need large volume of pennies, or at least have the infrastructure to get rid of them, while credit unions tend to service individuals more, who tend to turn in coins.
@jmwnycprr I have an account at a bank that has a coin counting machine in the lobby. Cost 100 bucks to open a savings account and then there is no charge to bring in my zinc cents. I just did 120 dollars' worth last Saturday and they didn't blink an eye.
@jmwnycprr thats not the worst deal. copper cents are worth about 3 cents and I tend to find about 25 percent copper cents so out of $1 in pennies you get $.75 in copper and $.75 in cents and pay less than 3 cents fee. still a net gain of about 47.5%
your refers to something in my ownership. you're is a conjuction of you an are. your are make no sense. "why you working at the us government" is that a question? Try to at least make comments that are legible. you don't have any three word together that make any kind of sense. Seriously I would point out the flaws in you uneducated ignorant logic if I could only read the comment.
Converting one paper Federal Reserve dollar into 100 pre-1982 cents is a win-win scenario. The intrinsic value of the paper is next to nothing while the copper has far more value than what is stamped on the coin. The upside potential, given the insane antics of "helicopter Ben" and his printing press, is guaranteed.
It won't be long before a strong market develops for hard copper pennies. The appreciation of pennies will beat any interest earned by the paper in the bank.
If you like copper so much, why don't you try strip some electrical wires? That way, you will get a lot of copper threads in 999 purity as industrial standard requires.The downside for collecting these US Cu penny is that :
1) You have to buy them first, which would cost you.
2) Melting coins is illegal. Even thol you do melt them down,to separate Cu from other alloy is another story.
3) Cu or not, it only worths what its face value. And it has almost no numismatic
@2000xlt Yea. I understand using a machine if you have a LOT you want to invest into copper, but the amounts I'm looking at are still manageable. I also enjoy finding an occasional rare coins, as I've found among other things, Indian-head cents, rarer wheat pennies including a 1914-D, and several 1995 DDOs. And it's fun.
Thats impressive. How long did it take to accumulate that much? if u dont mind me asking how much face value is one of those tubs? I'm trying to do the same thing.
I have started putting nickles away. I hear nickle is now worth more then the 5cent coin
remember pennies were changed to zinc/copper in 1982 so you can only collect 1981 and older... most of them have been pulled out of circulation.. good luck
Thank you for sharing what you know. I'm happy to have found you. Silver and gold are just too expensive for me to invest in so it's good to know I have another option. I'm excited to get started!
@faithisgreen Copper is a good way to get started for sure. Heck, even my brother is collecting and he's only 10 years old. However, please do not EVER say something is too expensive or that you can't afford something. When you say anytihng to that effect you are telling your mind to shut off from obtaining what you want. Be positive and work toward your investment goal one day at a time.
@FortNikitaBullion Great advice. Instead of saying it is too expensive re-word and say "how can I afford it". This will put your mind in the right direction.
3 rubbermaid containers full of copper equals about 24 thousand dollars.... but 3 rubbermaid containers full of silver would be over one and a half million dollars... in gold, over 1 billion....
... so if anything, you reaffirmed the point that copper is too bulky.
@stealthbeast Yes, but the average citizen doesn't have millions or billions of dollars to invest, and 3 rubbermaid containers is still within the limits of most people's dwellings. So why not? And for a number of reasons mentioned in some of my videos, copper could outperform silver and gold.
Clearly by your other videos you have some knowledge of precious metals... So why don't you convert your copper to silver? i.e. melt it down, sell it by spot price, then buy silver in its place? Then instead of having an immobilized metric ton of copper in a rubbermaid container, you have four and a half 100oz bars, or even 450 single oz coins... or if you don't like the somewhat volatile nature of silver, replace it with 6-7 single oz gold rounds.
@stealthbeast I do have silver and gold, but I feel copper is actually a useful commodity, whereas silver, and especially gold, mostly function as currencies. What do you think will be more useful if the end of the world is approaching?
China is way ahead of the game by stockpiling copper while India and other developing nations focus on gold.
In an SHTF scenerio, I'd take silver or gold. In an "end of the world" scenerio, I wouldn't want to be tied down to the location of my copper. What if you had to flee the area? Or even flee the country? You have a method of transporting 3-4 tons of copper with you?
Whereas, that value of silver can be transported via suitcase, or gold could be transported just in your pocket.
And in all seriousness, "end of the world? Stockpile guns, ammo, and food... not metal.
@stealthbeast no need to stockpile food that much, try to live near a farm, or grow your own food. Your aware of the coming financial collapse I take it?
Stockpiling food IS important... It's easier said than done to "try to live near a farm" and unless I start studying hydroponics, I won't be able to grow my own food.
@stealthbeast I take your point, the solution depends on your circumstances, I have to remember that. I live in the city but my family is into gardening and it's near alot of countryside. We have a strong local farmers market too. I think it will get crazy in my area (center of drug trade) so I'm gonna up my training in martial arts and home protection, so I agree with your sentiments about personal protection. I think by the end of 2011 the 'masses' will realize what's happening.
@stealthbeast I do have silver and gold, but I feel copper is actually a useful commodity, whereas silver, and especially gold, mostly function as currencies. What do you think will be more useful if the end of the world is approaching?
China is way ahead of the game by stockpiling copper while India and other developing nations focus on gold.
@stealthbeast BUT you seem to ignore the fact that he payed only FACE VALUE, not melt value like gold/silver coins... so after the dollar keeps falling in value, making penny and nickle impractical if the dollar were to lose like 50% buying power etc copper pennies WILL be horded out of circulation, just like the silver coins were and at great discount bec of face value. Having a rubber container is no problem for most people I would think. I got 2/3 way filled 1gal jug with 50lbs.
@cramsa Actually, it's slightly less than Face Value getting it this way, as you do find an occasional rare coin, as well as wheat cents. If nothing else, the coins can be used also as an emergency cash hoard for non-economical emergencies, like hurricane Katrina and the like. Yes, they are a pain, but it's better than a bank account when you can't withdrawal the money.
have you heard that there are a few old 1 US cent coins that are worth millions.
its a rare issue of the coin that's circulating somewhere out there but have not (yet) been found. For all you know, it may be sitting in that hoard of yours. comb through it.
@orangedac I check the dates on the coins as I'm searching. I have found a few that I ended up selling for $500 or more, but nothing terribly exciting. It's a nice bonus though, because I can reinvest that money into more copper. But everything in that box is just bullion.
@raymintboy I don't have too many, but yes, I keep them separate. For the most part, I sell them, so I can use the proceeds to obtain more copper. I get about 5 cents each on Craigslist.
Andrew, i enjoy your videos immensely. i want to give something back (sort of). Next time you are at a bookstore see if they have a tiny little book entitled "the How to Handle Difficult People handbook" (Murray Oxman). Only $9.95 and the best book ever written. Blessings.
I sell copper cents on ebay a lot, and you can get about 1.4X face all day long right now. I do agree with Government of Lies' post about maybe trading up to gold or silver, of course it's entirely your decision, and I don't think you're making a bad investment at all. However, remember the flight to quality mantra....with very little effort you could change your 3 tons into a $1000 face bag of 90% silver,(and then some) which I think will also do exponentially well soon.
I think you better do the math again. I am willing to bet my hoard vs your hoard that your rubbermaid tub does not even come close to 1 ton. I am guessing maybe 500lb but that would be just a guess.
wildwingsstudio 1 month ago
8 thousand US dollars, my ass
pattymcg101 2 months ago
hey bro i do the same thing but u can't advertise ur investments for security reasons but keep it up bro u n i know it will pay off
tdubb505 2 months ago
that plastic tub isn't one cubic meter. It is alot smaller.
mtube620 2 months ago
Couldnt tell if his eyes were open or closed
Detectivedinosaur 3 months ago
It takes over 47 zinc pennies to equal 1 copper penny..do the math...the zincs weigh 2.5 grams and 2.5% of that is copper! A copper penny weighs 3.11 grams and is 95% copper. 47 to equal 1...wow
dauerhaft1 3 months ago
If you need to move, you will be forced to leave any wealth stored in copper behind. It's weight:value ratio makes it impractical as a store of value. The value you have stored in tons of copper could easily be stored in a few ounces of gold or several dozen ounces of silver.
randytate 5 months ago
@randytate I realize that, but I also have a bunch of silver and gold. It's all about diversifying. It could also be that the dollar stablizes again and gold and silver crash, like the 1980s and 1990s. Then I'll probably spend these pennies for their face value. Or it could be that the dollar is devalued 100 times and we have a new currency equilibrium, then I wouldn't have to worry about moving. It's all about covering as many possibilities as you can.
FortNikitaBullion 4 months ago
@FortNikitaBullion That's a reasonable perspective. Pennies are the only circulated coin with a face value below their melt. Nickels were for a time. Maybe silver will be trading at $5 in late January, 2012. I'd trade some pennies for silver that day. I guess if I had a store of value I couldn't move, I'd want it to be farm land. You can almost buy it for pennies these days.
randytate 4 months ago
@randytate I don't know why, but my gut also tells me to also load up on Japanese coins, especially the silver 100- and 1,000-yen coins, and maybe a couple of gold 100,000 yens. These coins have both a bullion value and a Japanese yen face value. If you buy a low-grade 1,000 yen coin now (for maybe $20) and silver crashes to $5, you can sell it as 1,000 yen and buy other forms of silver later on.
FortNikitaBullion 4 months ago
@randytate Why the hell would Silver be trading at $5? That would be the lowest it has ever been in HISTORY.
TumisHumis 4 months ago
@TumisHumis That number just popped in my head. But if, pressed, I suppose I could create a scenario. Suppose the euro debt crisis takes a radical turn and people make a run on equities to liquidate all their positions and move into cash or real-estate. Intuitively we believe this would spike precious metals but since the market is flooded with paper ETF shares instead of physical, the price enters a free-fall. Physical metal diverges from paper and the price makes a rapid recovery. ETFs gone.
randytate 4 months ago
@randytate Fiat is not going to be valued by the next generation. Real-Estate can't collapse every commodity.
TumisHumis 4 months ago
@TumisHumis There's always going to be debates like this. That's why I have diversified and am well-positioned to deal with each side. If I do have to move, so what if I leave 20% of my assets behind and take my gold and silver and flee? I'm still better off than the masses who will lose 99% of their assets. If the $5 prediction is right, I can take 500 copper pennies and buy an ounce of silver, and I win too.
FortNikitaBullion 4 months ago
@FortNikitaBullion "Still better than" is not in the vocabulary of someone read for the collapse, and your prediction is absolutly absurd.
TumisHumis 4 months ago
@TumisHumis Sure, 99% chance of collapse. I don't want to be left behind in the 1% of the alternative universes either, however.
FortNikitaBullion 4 months ago
@FortNikitaBullion There's not a 99% chance of a collapse. That's wishful thinking. I wish I could buy penny stocks and they'd turn into Apple, but you can't say there's a 99% chance that won't happen. It simply won't.
TumisHumis 4 months ago
@FortNikitaBullion Diversifying in different PMs is not Diversifying. They really do for the most part Mirror one-another (esp. Gold/Silver) If you're trying to move A LOT of money into PMs. Gold is where it's at, If you're trying to move a few thousand dollars into PMs, Silver is where its at. Copper, however is just not a good store of value in the event of an economic collapse. Can't move it, and it'd be tough enough to buy things with silver/gold already, copper would just complicate it
TumisHumis 4 months ago
Not really sure about copper being an investment. I know copper is primarily for electronics and electrical applications. But there is something on horizon better conductivity than copper. I expect in 10-20 years, Graphene will be able to mass produced and replaced copper in electronics and electrical applications. Copper is not in the precious metal class, so it won't be considered as wealth storing avenue.
SunnyMoon2010 5 months ago
Seriously you are cool, You could be on the big bang theory!
onenickelmiracle 6 months ago
worthless
TheHotRod1961 7 months ago
Really put this into mind, people. Copper is becoming more like gold and silver as a 'safe haven' against both inflation and the doomed Dollar. I would teach your kids and young collectors about the potential of copper cents and what they'll be when copper continues to rise. Think about it, should the Dollar collapse and you have a huge stash of pre-1982 cents, they'll ALWAYS have value because of the copper content, just like the silver and gold coins. I have over $600 face value of pre-82s.
ScorpioBornIn69 7 months ago
@ScorpioBornIn69 in the end game no one is gunna barder with pennies you have to be kidding me bro. i could see it with gold and silver. but pennies? you cant even melt pennies down, its illegal. I learned that if the end game happens that means gold and silver are worthless because thier value relies on the market. no one will buy it if no one is producing or buying. waste of money it will NEVER be worth it's value. you will have a montain of pennies and no one will want them.
mateohellabay78 7 months ago
@mateohellabay78 Better do more research and apparently you are naive about the true value of the metal content. Should the dollar collapse, think about it. The metal content will always have the value, gold, silver, copper, etc,. verus the 'paper' greenback which will be completely worthless. Though it is illegal now, it won't be when the penny is discotinued and/or when the Dollar collapses. I have been following this for three decades.
ScorpioBornIn69 7 months ago
@mateohellabay78 And you say no one will want them. Again you're very naive about the growing awarness and popularity of them. Just because 'you' think that way doesn't mean everyone else does. I been doing this since 1982 and when copper hit $10, good bet that the law that doesn't allow melting will be dropped. Copper now at $4.40. And if you go on eBay, I see more people now selling rolls and bags of older copper pennies for the copper value.
ScorpioBornIn69 7 months ago
@mateohellabay78 no dude, really no one will trade pennies for food in the end game. its so common that its pointless, 80% of the copper that we have now has been recycled. so tell me how it will hit 10 dollars if it is reusable like aluminum.? dude it will take a good 20 years for it to go up 5 dollars. you are better off with gold and silver
mateohellabay78 7 months ago
my bargin tool is a 45acp
matthew3558 7 months ago
@matthew3558 That's it? 45 acp isnt bad against someone who is unarmed. You're gonna need to better than that.
MrKnuckles8978 5 months ago
Aren't copper pennies an alloy? They aren't pure copper are they?
disposophobic 8 months ago
I have both! Also a 1500 gallon storage tank so chlorine is a good item for my application. I use the iodine for the 55 gallon barrel. Chlorine dissapates quickly also mixed properly in old bleach gallons, you have chlorine bleace for laundry purposes.
Contantq 8 months ago
You are right in being physically prepared. The first people that WILL die are the elderly, obese, children, and especially people dependant on drugs for survival. This is part of the master plan being implemented. Antibiotics are also good to have around. Train yourself to sew up wounds with sutures or at least needle and thread! Get calcium hypochlorite as a stash for water sterilization, not the stabilized stuff sold in the big box stores. Remember that history is a result of planning!
Contantq 8 months ago
@Contantq I don't like chlorine actually. I have iodine tincture stored up for this purpose.
FortNikitaBullion 8 months ago
@FortNikitaBullion I got a response from 'meteohellabay78 and said this: "in the end game no one is gunna barder with pennies you have to be kidding me bro. i could see it with gold and silver. but pennies? you cant even melt pennies down, its illegal. I learned that if the end game happens that means gold and silver are worthless because thier value relies on the market. no one will buy it if no one is producing or buying. waste of money it will NEVER be worth it's value." Your thoughts.
ScorpioBornIn69 7 months ago
I'm pretty sure I saw a 1982 zinc penny there. You better go through them again and be sure. Just kidding. Don't do it. Best thing you could do is load up the wheelbarrow with some pennies and get yourself a Big Bear 40 and a hooker. Go on a rampage.
disclosurenow9 8 months ago
@disclosurenow9 Yea! I don't know why, everytime I see a 1982 it always looks hard to tell! You have to drop them on the table and listen to the sound it makes.
FortNikitaBullion 8 months ago
WTF?! One ton?? I only got 1lb.
ustfu 9 months ago
@ustfu Not a bad start! I remember calculating one time that there's only around 100 copper pennies per person in the US
FortNikitaBullion 9 months ago
@ustfu It's a start.
johnnyray1717 8 months ago
@johnnyray1717 I have about 4lbs now =)
ustfu 8 months ago
I have not see your other videos as of yet. I agree with you on the commodities, silver copper, gold etc as they will be very handy after the die off and a system of bartering comes into fruition. The definition of wealth changes when SHTF happens may be how much food you have and survival materials to live until metals come into play. ? This is what I am wrestling with at the moment because when daily bread is not available you cannot survive to use the metals later. Cant buy anything....
Contantq 9 months ago
You have a good point in qualifying copper as a bartering commodity. The major flaw in your model is that WTSHTF no one will trade ammunition, food, water etc for the copper. It will only be useful AFTER the shakeout when commodities may be in demand. Manufacturing will not bounce back in a week, bartering for items needed such as hygene products, gas, diesel or food may be based on usable essentials.
First, get food, water, ammunition, medical items etc THEN pick up metal commodities.
Contantq 9 months ago
@Contantq I have these items, too (see my other videos). The issue with food is that it is not a compact and stable store of wealth. You can't reliable save $10,000 worth of dried food in a small amount of space. People will still need something to keep their wealth, even in SHTF, don't you think?
FortNikitaBullion 9 months ago
@Contantq I forgot to mention. If you REALLY REALLY REALLY want to prepare for SHTF, the #1 thing you should do is to seriously make improvements to your health, starting today. Get yourself off of pharmaceuticals (talk to your doctor, of course), start getting off of the sugar, trans fats, and other crap, and start exercising and eating super-foods. The last thing you want is to battle SHTF and worrying about not having your meds or comfort foods and going through withdrawal.
FortNikitaBullion 8 months ago
(continued from last post) But I see SHTF advice everywhere, people debate whether it's precious metals or canned food or weapons/ammunition/explosives or whatever, almost everyone seems to forget our biggest investment: our health. And it's risk free. You need good health whether or not SHTF materializes. You could lose a lot preparing other things for SHTF if it doesn't ever happen in our lifetime.
FortNikitaBullion 8 months ago
That's alot of pennys in three years. Nice job!
johnnyray1717 9 months ago
Nice hoard ! How long have you been saving your pennys?
johnnyray1717 9 months ago
@johnnyray1717 almost 3 years now, although I've lost a lot of steam doing it lately.
FortNikitaBullion 9 months ago
Let me get this straight, when the zombies come to eat your brain, youre going to say "no take my pennies instead of my brain!"
Im a PM fanatic, but I dont think this reasoning is complete. Yes, copper will go up, No, copper wont save you from zombies. good luck
palehorsepalerider 10 months ago
I'm sorry to be the bearer of bad news, but in the "doomsday scenario," people wouldn't trade with you - they'd just take your stuff at a gunpoint. Besides, in the absolutely worst-case scenario, the most valuable commodities will be basic necessities - tools, food, etc. You can't eat copper.
NightRunner29 10 months ago
This guy is one smart man! Rock on dude! fuck the New World Order!
MrCalipachanguero 10 months ago
dude...you are ill..
7777dmith7777 10 months ago
@7777dmith7777 Yep, I get that a lot. I don't mind, because we can wait until Doomsday hits when I have something to barter with and other people don't, and we can see who really becomes ill.
FortNikitaBullion 10 months ago 2
@FortNikitaBullion So on doomsday when the Gov. kicks in your door and takes you and your family to a Fema camp you will be able to say " Hold On !! I will give you two metric tons of pennys if you let me stay here at home" ...?
7777dmith7777 10 months ago
@FortNikitaBullion have you weighed it to be sure thats 1 ton? I'm very suprised by the volume to be honest.
And PS 16:1 is a historic GSR ratio, copper has been a vital commodity since the bronze age but its never been 16:1 with silver to my knowledge
usually 60:1 30:1 range.
sebastionay 10 months ago
some calculation is off.
half a cubic meter is 500,000 cc. copper weighs 8.2 g/cc.,or 4,100,000 grams, or 4100 kg or 4.1 tons. coins would be less, because there is space between them, but even 3.5 tons would surely split a plastic storage box.. A ton would be worth the $8000 you mention, so I think you measured the box wrong.
bigfred290 10 months ago
Impressive hoard. I'm closing in on 300lbs right now. Looking to get to 500lbs and beyond. Copper is the way to go for the next 5 years.
spencerspot 11 months ago
I think having some copper is good but you need to be putting more of your money into gold and silver coins. While gold and silver have gone up quite a bit, your copper hasn't and it isn't very liquidable at the moment.
silvercollector123 11 months ago
That would be funny if you exchanged those pennies at the bank or at the coin exchange things
DarkTheShinyUmbreon 11 months ago
Forture cookie, who u going to sell all the pennys too?
TheHotRod1961 11 months ago
@BIGMACDADDY23 well if the whole goal is for preparation than why not keep silver or gold in car. The majority of people hoarding copper do so because they can get a 4 cent value for a penny. Now if the carrying of an enormous weight to matter in the event of an emergency is offset by poor gas performance of your vehicle, the car storage makes no sense at all.
brianinflamusic 11 months ago
Why would you store a weighty item in your car. The lost gas mileage would offset your profit.
brianinflamusic 11 months ago 9
@brianinflamusic For survival. Nothing in life is PROMISED. You are never PROMISED to return to the comforts of your home any day of your life, you merely expect it to happen based on routine. If a disaster were to happen between you and your home or on your home itself, your car and everything in it can quite fathomably become your only assets for survival. Proper preperation prevents poor performance.
BIGMACDADDY23 11 months ago
@brianinflamusic Good point.
strideninja 1 month ago
At what age did you start hoarding copper cents?
tye9735 11 months ago
@tye9735 I would think as a sperm cell he started
AppleAndMore 10 months ago
You are a smart man!!! Im going to start doing this thanks!!
reti767 11 months ago
Did you hand sort that all?!
dkpai05 1 year ago
Thanks Andrew. Nice video.
siszam 1 year ago
Copper and more copper!
I have about 8000 pounds of penny's as well and 5 to 20 pound copper trade bars or ingots. Gold and Silver are not the only thing going up in value, base metals like copper are going to increase this year as well. Copper is projected to increase by 38% and unlike precious metals the market is usually right on price wise because base metals are used in manufacturing and construction globally.
It's nice to see that I'm not the only one who likes the 95-5 copper penny's.
goldhillmint 1 year ago
Personally. I'm considering buying actual copper bullion off of Ebay which sells for about $10 a pound. I'm thinking when TSHTF the monetary demand for copper bullion would have a significant premium over copper pennies because its a lot easier to barter with (no checking for zinc pennies). Copper is historically worth a 16:1 ratio to silver so I consider that to be a good price. What do you think?
TripDogg5 1 year ago
@TripDogg5 $10 a pound is not too bad. I think in the SHTF situation though, copper pennies would be more liquid as they are in smaller units, especially if copper prices do go through the roof. But if your hands are tied in terms of sorting, then $10 isn't a high premium I would say. Even copper cents are likely to cost almost that if you buy them second-hand. I've never heard 16:1 though, do you have a good reference? I thought that was for gold to silver ratio. If you're right, that's amazing
FortNikitaBullion 1 year ago
@FortNikitaBullion Yeah, if you look at the weight of a copper penny compared to a silver dime (3.1g vs 2.5g) and since the dime was worth only 10 times as much as the copper penny it's entirely consistent with the 16:1 ratio. So basically that means that 1 pound of copper is equal 1 ounce of silver when it's used monetarily, just like with gold and silver. So when I see a pound of copper bullion for $10 it seems like a bargain.
TripDogg5 1 year ago
@FortNikitaBullion isnt melting copper illegal?
DarkTheShinyUmbreon 11 months ago
@DarkTheShinyUmbreon ever seen or used a penny press? ever seen silverware made from coins?
Even if it was illegal, once it's melted down how can anyone prove it was originally coinage ?
in short, No
deadlizard64 10 months ago
Dang, did you get all those copper pennies by sorting though bank rolls or did you buy some of them second hand?
TripDogg5 1 year ago
@TripDogg5 All from circulation. Over the last few years I've also developed a good relationship with many bank tellers, so among other things, I can ask them to hold coins they get from senior citizens (which tend to turn up a LOT of old stuff) and ask them to weigh $25 boxes of coins before I get them (copper-loaded boxes of coins are heavier). I've been doing this for about 3 years now.
FortNikitaBullion 1 year ago
what is in aftica and what is aftica?
retard
gtq838 1 year ago
@gtq838 Do not use that word. Mental retardation is not something that is your own fault. It is how you are born. You don't call people Cancer Patients if you think they are ugly. Try stupid next time
AppleAndMore 10 months ago
BREAKING NEWS!!
Copper Pennies is over 3x it value TODAY.
$4.61 per Pound.
davidlee110 1 year ago
@davidlee110 Nice!!! I remember when silver was 3x face back when I started collecting coins (just after 9/11). Unfortunately, I didn't have money at the time, it was more of a curiosity.
FortNikitaBullion 1 year ago
@davidlee110 breaking news, that happened a long time ago.
gtq838 1 year ago
This has been flagged as spam show
@gtq838 GO FUCK YOURSELF BITCH!
you don't know what the fuck you talking about.
DIE!
davidlee110 1 year ago
@gtq838 breaking news, that's happened now and your a fucking retard bitch!
davidlee110 1 year ago
@davidlee110 it happened a month ago, its been going at that price for some time. Also its not the first time its hit this price. lol, douche
gtq838 1 year ago
@gtq838 The Chart say $2.98 the last time. No it did not bitch!
Now quit replying me douchebag! i know all about metals.
and links say THE NEW TIME-HIGH. Get your eyes FIXED!
davidlee110 1 year ago
@davidlee110 I'll reply to you anytime I want
gtq838 1 year ago
@gtq838 READ THE LINK.
NEW FUCKING HIGHS.
I SEE IN EARLY 2008, I MEANT $3.9831
GOT IT!!! if you have Gold your going loss it all because it junk.
davidlee110 1 year ago
@davidlee110 lol, gold isn't junk, its over inflated but so is copper at the moment.
gtq838 1 year ago
@gtq838 It working on it now.
You can get Gold coins from the Bank because none of the coins is made out Gold and it a too much of a gamble. Copper Pennies is 3 cent of piece.
Now I get you a 2 grams of Gold if you give me a '1909-S V.D.B. Wheat Penny'.
davidlee110 1 year ago
@davidlee110 your doing it again. Nobody can read what you are saying. Why would I trade my 1909 s vdb penny in ms61 condition for 2 grams of gold?
gtq838 1 year ago
@gtq838 Your grammar is full of shit, and your doing it again.
it a Period each one because that what the penny is saying.
LOL dumbass fuck
davidlee110 1 year ago
@gtq838 and wait, do you really have a ms61 condition of a 1909 s vdb?! :O
davidlee110 1 year ago
@davidlee110 I have an entire ms memorial collection. I also have an entire indian cent collection, and the entire flying eagle set with the holy grail 1856. just three coins from having the entire morgan dollar collection in mint state. only 4 more of a certian coin and I will have every known example of it... but when I get those I will make a video.
gtq838 1 year ago
@gtq838 Dammm, and how long is take to get it all?
i working on mines.
davidlee110 1 year ago
@davidlee110 lol, fovever. I sifted change as a kid and made a cute little collection. Now I have money and buy what I can when I can. The 1856 was the most expensive and its the worst condition coin in my collection PR34 cost me $5300 and that was 4 years ago worth a lot more now. the memorial collection is a fun on but can be pretty expensive, really expensive if you try to get the error coins too. jefferson nickle collection is much easier to get ms collection. just two key dates I think.
gtq838 1 year ago
Hey good videos. I agree copper pennies are a great investment right now. Especially as you can still invest in them at face value. But man! Don't be showing people your hoard! I don't get these people who show their silver porn on youtube. If there is an economic collapse people are going to get desperate and if they know you have thousands of dollars in liquid just sitting around they are going to rob you. Copper is safer than silver as it is heavier but still, why take the risk?
wamefou 1 year ago
Comment removed
davidlee110 1 year ago
wait is that really weigh 1 TONNE???? that's incredible, how do you move it
cjoIIProductionz 1 year ago
@cjoIIProductionz Fortunately, I haven't moved in a number of months, don't remind me of it!!
Anyways, you have to just use your muscles, split it into many many boxes, and take a weekend off. Don't forget to disguise what you're moving if you're going to an apartment building filled with students.
It's not fun, but it's worth it.
FortNikitaBullion 1 year ago
This has been flagged as spam show
Hey kids! check out my video JJs Palace of Copper Pennies.
jjpeterson1 1 year ago
Thanks for this video. I don't have anywhere near that amount of copper. About 2 large pickle jars full, but I'm adding all the time. Great vid!
veritasfiles 1 year ago
How long did you take to obtain such a stack? Personally, rather invest in a copper ETF or stocks.
ronnieboy3 1 year ago
@ronnieboy3 Cool except you're paying $4/lb instead of $1.50/lb it's instant gains.
omgwowface 1 year ago
What????? You would need a shit load of copper pennies for bread or 1 silver dime. You see my point? I still hoard copper pennies though.
Tacocat21 1 year ago
@Tacocat21 In today's world, sure. But look at 1980. Silver was $50/ounce, with the money supply roughly 1/10 of what it is today. So at $500/ounce, you would need microscopic amounts of silver for bread. I think copper was $1.50/lb, or $15/lb in today's money. That's about 10 cents per copper cent. That's not entirely unreasonable. It's going to be even better, because in 1980, there was still some residual trust in the US dollar.
FortNikitaBullion 1 year ago
This has been flagged as spam show
who the @*%$ even cares
TheFatduck123 1 year ago
That is a very impressive collection! Great work. Keep the copper related videos coming!
clawsreturn 1 year ago
@clawsreturn Yea sorry guys, no time to sort for copper or make videos nowadays :(
FortNikitaBullion 1 year ago
$3,140 in pre1982 cents?? I just went to the website coinflation and had it calculated. $3,140 face value in older copper cents, with copper prices at $4.20, that is $8,706.26 worth of copper! That will be over $5,500 in profit.
ScorpioBornIn69 1 year ago
$3140 in pennies, but with a value of over $8000...... nice! Especially now with JP Morgan cornering the physical copper market, those bastards.
drutter 1 year ago 10
A ton of copper pennies is 314,000 pennies!!! WoW
pep1player 1 year ago
so do you just go to the bank and ask for 25$ box of pennies?
dudefrominglewood 1 year ago
"Very manageable for storage" ... 1 ton of copper? How do you move that stuff around? I do think I see some wheels on that thing... I have about 60 lbs of copper pennies and I can tell if I manage to fill the container up it will be very difficult to move.
wolfpax22 1 year ago
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
ScorpioBornIn69 1 year ago
why don't you just buy boxes of nickles so you don't have to sort them. gold > copper because its easier to run away with. I don't think gold is overpriced.
yogiudo 1 year ago
Do you roll your zincs up and take them back to the bank? They started asking me questions and getting tired of me bringing them back. What about those coin machines at the store? i know its a rip off.
jmwnycprr 1 year ago
@jmwnycprr I mostly roll them back and take them to the bank. Try getting pennies from a credit union and returning them to a large national chain (Chase or Bank of America). National chains are more likely to need large volume of pennies, or at least have the infrastructure to get rid of them, while credit unions tend to service individuals more, who tend to turn in coins.
FortNikitaBullion 1 year ago
@jmwnycprr I have an account at a bank that has a coin counting machine in the lobby. Cost 100 bucks to open a savings account and then there is no charge to bring in my zinc cents. I just did 120 dollars' worth last Saturday and they didn't blink an eye.
exmoagogo 1 year ago
@exmoagogo Cool! The only bank I can find with a coin counter charges 3% if you have an account.
jmwnycprr 1 year ago
@jmwnycprr That is a ripoff! They already are making money loaning your deposits out.
exmoagogo 1 year ago
@jmwnycprr thats not the worst deal. copper cents are worth about 3 cents and I tend to find about 25 percent copper cents so out of $1 in pennies you get $.75 in copper and $.75 in cents and pay less than 3 cents fee. still a net gain of about 47.5%
gtq838 1 year ago
@gtq838 LMAO WOW. Your on Crack or Drugs?
Your are one of the perfect reasons why you working at the US Government.
davidlee110 1 year ago
@davidlee110 learn english.
your refers to something in my ownership. you're is a conjuction of you an are. your are make no sense. "why you working at the us government" is that a question? Try to at least make comments that are legible. you don't have any three word together that make any kind of sense. Seriously I would point out the flaws in you uneducated ignorant logic if I could only read the comment.
gtq838 1 year ago
@gtq838 Fuck you! Anyway i found a Zambia Nowee!
davidlee110 1 year ago
@davidlee110 no thank you.
you found a zambia, a tye of palm tree? Nowee? is that supposed to be english.
I can't believe you could use english any worse than you did before. At least go back to using actual words.
gtq838 1 year ago
@gtq838 no, a penny. and your english is worse then mines.
davidlee110 1 year ago
@davidlee110 in what part of america is a penny a zambai nowee?
Mines? my english is worse than that of a gold mine? Or do you mean my english is worse than mine.
just give up dude even with spell check you can't make a single sentence that make sense
gtq838 1 year ago
@gtq838 IS IN AFTICA MORON. spelling check for your sentence say it all wrong.
now shut up.
davidlee110 1 year ago
@jmwnycprr Look for a td bank open a savings put 200 in it I give you a free coin counter and bank account
AppleAndMore 10 months ago
Converting one paper Federal Reserve dollar into 100 pre-1982 cents is a win-win scenario. The intrinsic value of the paper is next to nothing while the copper has far more value than what is stamped on the coin. The upside potential, given the insane antics of "helicopter Ben" and his printing press, is guaranteed.
It won't be long before a strong market develops for hard copper pennies. The appreciation of pennies will beat any interest earned by the paper in the bank.
exmoagogo 1 year ago
What size rubbermaid container is that? most of the ones I have seen are much closer to 250L, that container is no-where close to 1/2 cubic meter.
Zerja 1 year ago
If you like copper so much, why don't you try strip some electrical wires? That way, you will get a lot of copper threads in 999 purity as industrial standard requires.The downside for collecting these US Cu penny is that :
1) You have to buy them first, which would cost you.
2) Melting coins is illegal. Even thol you do melt them down,to separate Cu from other alloy is another story.
3) Cu or not, it only worths what its face value. And it has almost no numismatic
value.
mich65ek2 1 year ago
did you sort those by hand!!
2000xlt 1 year ago
@2000xlt Yea. I understand using a machine if you have a LOT you want to invest into copper, but the amounts I'm looking at are still manageable. I also enjoy finding an occasional rare coins, as I've found among other things, Indian-head cents, rarer wheat pennies including a 1914-D, and several 1995 DDOs. And it's fun.
FortNikitaBullion 1 year ago
!!! WOW that is freaking AMAZING! When you said "1 ton of copper" I laughed so hard! Amazing! I'm really missing out.
YTBYlover 1 year ago
@YTBYlover Yea. When I was a kid, ton almost always meant too high and too far for the eye to see. It's strange.
FortNikitaBullion 1 year ago
Thats impressive. How long did it take to accumulate that much? if u dont mind me asking how much face value is one of those tubs? I'm trying to do the same thing.
Thanks
Mixali88 1 year ago
@Mixali88 I've been doing this for about 2 years now. Very faithful about it and I'd say I've never gone a week without sorting a box of pennies.
FortNikitaBullion 1 year ago
@FortNikitaBullion
hard work pays off.. as for me, i just sorted a box of $25 worth of pennies and swore to myself i'm going to get a sorting machine haha
Mixali88 1 year ago
Nice pile wish mine was that big. sorting that many coins how many indian heads did u find?
jasmatk 1 year ago
@jasmatk I've found 3 or 4 so far, but I mainly sell stuff like that, so I can get more copper.
FortNikitaBullion 1 year ago
what about saving nickles????
I have started putting nickles away. I hear nickle is now worth more then the 5cent coin
remember pennies were changed to zinc/copper in 1982 so you can only collect 1981 and older... most of them have been pulled out of circulation.. good luck
cds162 1 year ago
Thank you for sharing what you know. I'm happy to have found you. Silver and gold are just too expensive for me to invest in so it's good to know I have another option. I'm excited to get started!
faithisgreen 1 year ago
@faithisgreen Copper is a good way to get started for sure. Heck, even my brother is collecting and he's only 10 years old. However, please do not EVER say something is too expensive or that you can't afford something. When you say anytihng to that effect you are telling your mind to shut off from obtaining what you want. Be positive and work toward your investment goal one day at a time.
FortNikitaBullion 1 year ago
@FortNikitaBullion Great advice. Instead of saying it is too expensive re-word and say "how can I afford it". This will put your mind in the right direction.
MarijuanaMuscle 1 year ago
3 rubbermaid containers full of copper equals about 24 thousand dollars.... but 3 rubbermaid containers full of silver would be over one and a half million dollars... in gold, over 1 billion....
... so if anything, you reaffirmed the point that copper is too bulky.
stealthbeast 1 year ago
@stealthbeast Yes, but the average citizen doesn't have millions or billions of dollars to invest, and 3 rubbermaid containers is still within the limits of most people's dwellings. So why not? And for a number of reasons mentioned in some of my videos, copper could outperform silver and gold.
FortNikitaBullion 1 year ago
@FortNikitaBullion
Clearly by your other videos you have some knowledge of precious metals... So why don't you convert your copper to silver? i.e. melt it down, sell it by spot price, then buy silver in its place? Then instead of having an immobilized metric ton of copper in a rubbermaid container, you have four and a half 100oz bars, or even 450 single oz coins... or if you don't like the somewhat volatile nature of silver, replace it with 6-7 single oz gold rounds.
Why keep it copper?
stealthbeast 1 year ago
@stealthbeast I do have silver and gold, but I feel copper is actually a useful commodity, whereas silver, and especially gold, mostly function as currencies. What do you think will be more useful if the end of the world is approaching?
China is way ahead of the game by stockpiling copper while India and other developing nations focus on gold.
FortNikitaBullion 1 year ago
@FortNikitaBullion
In an SHTF scenerio, I'd take silver or gold. In an "end of the world" scenerio, I wouldn't want to be tied down to the location of my copper. What if you had to flee the area? Or even flee the country? You have a method of transporting 3-4 tons of copper with you?
Whereas, that value of silver can be transported via suitcase, or gold could be transported just in your pocket.
And in all seriousness, "end of the world? Stockpile guns, ammo, and food... not metal.
stealthbeast 1 year ago
@stealthbeast I have food. I'll show a video of my hoard sometime.
FortNikitaBullion 1 year ago
@FortNikitaBullion
Oh cool, I'd really like to see that.
Looks like you've invested in a little bit of EVERYTHING =)
stealthbeast 1 year ago
@stealthbeast no need to stockpile food that much, try to live near a farm, or grow your own food. Your aware of the coming financial collapse I take it?
LuqmanNaq 1 year ago
@LuqmanNaq I'm aware that it's inevitable.
Stockpiling food IS important... It's easier said than done to "try to live near a farm" and unless I start studying hydroponics, I won't be able to grow my own food.
You don't live in the city I take it.
stealthbeast 1 year ago
@stealthbeast I take your point, the solution depends on your circumstances, I have to remember that. I live in the city but my family is into gardening and it's near alot of countryside. We have a strong local farmers market too. I think it will get crazy in my area (center of drug trade) so I'm gonna up my training in martial arts and home protection, so I agree with your sentiments about personal protection. I think by the end of 2011 the 'masses' will realize what's happening.
LuqmanNaq 1 year ago
@stealthbeast I do have silver and gold, but I feel copper is actually a useful commodity, whereas silver, and especially gold, mostly function as currencies. What do you think will be more useful if the end of the world is approaching?
China is way ahead of the game by stockpiling copper while India and other developing nations focus on gold.
FortNikitaBullion 1 year ago
@stealthbeast BUT you seem to ignore the fact that he payed only FACE VALUE, not melt value like gold/silver coins... so after the dollar keeps falling in value, making penny and nickle impractical if the dollar were to lose like 50% buying power etc copper pennies WILL be horded out of circulation, just like the silver coins were and at great discount bec of face value. Having a rubber container is no problem for most people I would think. I got 2/3 way filled 1gal jug with 50lbs.
cramsa 1 year ago
@cramsa Actually, it's slightly less than Face Value getting it this way, as you do find an occasional rare coin, as well as wheat cents. If nothing else, the coins can be used also as an emergency cash hoard for non-economical emergencies, like hurricane Katrina and the like. Yes, they are a pain, but it's better than a bank account when you can't withdrawal the money.
FortNikitaBullion 1 year ago
have you heard that there are a few old 1 US cent coins that are worth millions.
its a rare issue of the coin that's circulating somewhere out there but have not (yet) been found. For all you know, it may be sitting in that hoard of yours. comb through it.
orangedac 1 year ago
@orangedac I check the dates on the coins as I'm searching. I have found a few that I ended up selling for $500 or more, but nothing terribly exciting. It's a nice bonus though, because I can reinvest that money into more copper. But everything in that box is just bullion.
FortNikitaBullion 1 year ago
Hi,nice copper hoard-do you keep one cent pennies in a different tub??
raymintboy 1 year ago
@raymintboy What do you mean? Zinc pennies?
I return those to the bank, and get more pennies to sort through. Check out my video on how to sort for copper pennies.
FortNikitaBullion 1 year ago
@FortNikitaBullion HI,I LIKE YOUR VIDEO'S ,THEY HAVE ALOT OF GOOD INFO,I MEANT TO SAY DO YOU PUT YOUR WHEAT BACK PENNIES IN A DIFFERENT TUB??
raymintboy 1 year ago
@raymintboy I don't have too many, but yes, I keep them separate. For the most part, I sell them, so I can use the proceeds to obtain more copper. I get about 5 cents each on Craigslist.
FortNikitaBullion 1 year ago
Andrew, i enjoy your videos immensely. i want to give something back (sort of). Next time you are at a bookstore see if they have a tiny little book entitled "the How to Handle Difficult People handbook" (Murray Oxman). Only $9.95 and the best book ever written. Blessings.
TadRapidly 1 year ago
i really dont think you need copper in your car. but i do see the benifit of having them in multiple areas
Exus11 1 year ago
Hi Andrew!
I sell copper cents on ebay a lot, and you can get about 1.4X face all day long right now. I do agree with Government of Lies' post about maybe trading up to gold or silver, of course it's entirely your decision, and I don't think you're making a bad investment at all. However, remember the flight to quality mantra....with very little effort you could change your 3 tons into a $1000 face bag of 90% silver,(and then some) which I think will also do exponentially well soon.
waggsthadogg