There is a place for both silver and copper. The economy is getting worse and you will need money that is real, not the fake paper stuff that soon won't be accepted anymore in return for goods or services.
If your in it just for the silver, just go for the damn generic silver rounds or bars.... If you want to collect then, well that is a different story. But the American Silver Eagle, all though just a bit more expensive than generic silver over a couple bucks spot is probably better than because it hits both markets. Get the .999 and forget about it and dont panic when it loses 10% in a week. I have seen it over and over and it always comes back.
@rustyjonesjr You can build a foundry out of brick in the back yard and charcoal isn't that expensive. I used to work with iron in my parents back yard and all i used was wood to heat it. (never did much, but it made it malleable) If I can do that, I could very easily melt pennies. And besides, he's the one who mentioned melting them down... idiot.
copper is slowly working its way out of everyday use. even copper pennies are getting slowly harder to find. what about when copper turns from a base metal to a precious metal? silver at one was an everyday metal. copper is the next "silver boat" long term you need to get copper. its cheap now and eventually will be precious
I agree with your assessment on copper value. Silver is great yes, and you should have some, however, you can't buy silver for less than 2.5 times it's actual value like you can by sorting out real copper pre Oct. 1982 copper pennies. What else can you get for 1 cent that is worth over 2.5 cents & hs been recently worth close to 4 cents? When SHTF the cops are going to be worried about someone melting copper. the cities will be burning, that is what they will care about.
anybody whos poor can invest in copper pennies lower middle class silver upper middle class gold. so if you think investing in a silver coin is going change with the law from congress put your head on a pillow. as you said though collectors are the only place right now where anything in this market is going to be sold. congress wont change the laws until the populas demands it. good video for the websites to go to this helped me for investment ideas thanks.
I'd rather have both; a diversified portfolio. Copper may go up a higher percentage return than silver or it may not. That's why it's good to have both just in case. You wouldn't enter the stock market and only have 1 stock so why enter the metals market with only 1 metal?
You were making a good point about both copper and silver going up during the inevitable hyper inflation.... but think of this.... when the world paper currency goes to shit. I know that those pennies or I'll be calling them copper coins after that point, those coins are going to be the currency between regular people. You may only have a few of those silver coins and probably won't want to trade them for essentials, but those copper coins are plentiful and you won't feel as bad using them.
I choose both, a little thing called diversification. There's nothing wrong with having a couple of boxes of copper coins, just weigh up your options and keep a bit of everything that you can. You never know when it might be useful.
quit bein a bitch dude ! , and you dont have to melt them , you sell them to the guy who melts them , also Silver is A great investment , but ROI quick Copper is the way to go
he has a point. as soon as we are legaly able to melt copper pennies the price of copper will drop. demand will go down when the goverments hand is released.
I keep copper pennies, just to keep them. I know they aren't going to be worth anything yet, but in time they will be. I'm just one of those people that can be patient and wait for it to go up.
I agree with you! I myself don't recommend copper pennies, but I highly recommed copper bars, and coins rather than copper pennies because the perecentage of it is nothing but zinc! However, copper is a long -term investment deal, and copper will go up due to the demand!I still recommend copper and silver!
Who cares what the law says about metling copper pennies? Are you really that much of a goody goody? Here's a tip, all you need to do is to find a spot away from a police officer to melt them, perhaps in your own house. Silver is better though, much more rare and more industrial uses
@Stillwater900 To clarify, when I say melt them, I mean to sell them to a refinery so that they can melt them. I'm not a metalsmith, nor am I knowledgeable in metallurgy. Then again, refineries will buy my copper pennies but will buy them for the brass price and not the copper price, which is why I'm rethinking about selling them to refineries.
@Stillwater900 Pretty stupid to melt them when you can sell them for far more than face value. Its illegal and a fire hazard to boot. I would never consider melting 90% silver coins. They are instantly recognizable as 90% silver and easy to sell. Same way with 95% copper pennies. I think the US government will discontinue the penny. Its a useless piece of currency that is costing the government too much to make. Best bet is to just hold on to them. It will pay off down the road.
@alan30189 He's the one talking about melting them, not me. Fire hazard? If you're a GIRL maybe. I melt jewelry in my backyard all the time in a crucible, its not dangerous at all. Well copper is pretty recognizable no matter what form its in, wouldn't you say? Its the only other colored metal, besides gold.
@Stillwater900 I am sure it can be safe, like deep frying a turkey can be safe also, yet many people burn their houses down every year because they don't know WTF they are doing.
@JamesCalex I've been thinking about putting some copper pennies on Ebay, selling 5 or 10 pounds worth. I just don't have the time to research on Ebay. I guess they'll just sit in my jar for now.
If you want a smarter investment as you alwaays pay a premium on coins is to buy scrap silver or gold, they tend to sell for about spot weight and with some the precious stones come bundled with the gold or silver so you get the stones for gold weight which can be good...for 1 gram of diamonds as a free gift if your willing to break out the stones and test them and test your scrap for purity you can have a very wise investment and YOU CAN MELT IT DOWN, if its not currency
@BusyBeeCompany That's an interesting idea. I've seen some Youtube vids on gold and silver scrap recovery and Ebay has a lot of listings on that as well. With the prices of gold and silver going up, I'll get gold and silver anyway I can without paying premiums. Thanks for the response!
I buy mostly generic silver. Every few months I'll buy a numismatic coin that has been just minted before value goes up. I'm talking one numis per every ten generic. Pennies I'm collecting along with nickels but I'm not going to the bank and buying boxes. I'm just doing it passively I check every coin before they go into their respective jars at the end of the day and they're adding up. It also falls into my savings plan. All change, all singles and if times are good 5's.
I'd say if you think your investing in copper value in the coin then just go out and get these junk things you see beside the road for free, if they are electricaland havnt been taken apart you can collect copper from wires, silver or gold connectors, aluminum and then as part of your look around go to your local town dump and give them the junk....the fact is theres more money available from wire being left with old tv's then there is from pennies.
the most important thing any silver investor must learn is how to detect chinese fakes. buy yourself a cheap digital scale. learn the weights of different coins and bars. get a magnet, use ones you already have to make a comparison to the new ones you buy and finally you can do the sound test on non numismatic coins.
@lagoveride Yes, I've heard some fakes coming out of China. Great suggestions! I weigh my silver coins/rounds to make sure they are real. There was a guy who was trying to sell some ASE to one of my coin dealers. She said that they were fakes. You never know. Arm yourselves with knowledge!
@Dailybabble What you do with your pennies is your deal. When i say "melt them", I mean sell them to refineries so that they will melt them, and I'll get paid based on the melt value of the copper pennies. I'm not a metalsmith, nor do I know anything about metallurgy. FYI, "Penalties for violation include fines up to $10,000 and 5 years in prison" Don't want to go to jail just because I melted copper pennies. That would be STUPID!
@thewarlord1944 When I say "melt them" I mean sell them to the refineries so that THEY can melt them. In a SHTF scenario, I would melt them down for ammo...if I knew how to make ammo. Some people have put videos on Youtube melting pennies. That would be funny if someone reported them. That's 5 years in prison for something as stupid as melting pennies.
@vanityrose12 Since this video, I've bought 2 boxes and sorted my change for copper pennies. Along with that, I still have a strong position in silver. Those 2 silver rounds I bought with those boxes of pennies have gone up in value since. Now, I'm in a good position as silver starts to rise. So, in the end, both ends are covered. Thanks for your response.
@UnnamedThinker That's why I see copper as a really long-term investment. I've re-hoarded my copper pennies and nickels for my kids or grandkids. I won't capitalize on my investment in copper anytime soon. My other generations will thank me...If I get to live that long. Congress is looking to either change the metal composition of the penny and nickel or get rid of them completely. Either way, they will go up in value. I'm even thinking about hoarding my zinc pennies.
@Nozacat dont hoard zinc as of now.they willl always be readily avail for buying at 1 cent..like nickels its kinda pointless right now,until you here on the news that they will stop making them,then a quick ride to the back with $500 will be smart.
@ebayisajoke I would if I knew anything about metallurgy or even the equipment to melt the pennies and to use the copper for ammo. I am a DIY guy. LOL
@stormspottter It is, but as an investor, I want to increase my position in silver before the price goes up like gold did. Copper is a base metal and will be around for awhile. China and India have increased the demand for copper, causing the price to rise, but as technology and advancements in medicine are increasing, silver will be more in demand.
However, you mean to tell me, youre gonna avoid making a profit, on a substance thats as abundant and valuable as copper pennies, just because "the government" doesnt want you to?
The government hates competition asshole; they wanna fuck you!
@MartialDuartist 1. Your word choices are inappropriate. 2. Since this video, I've increased my copper pennies and nickel positions. 3. I didn't want to melt them, I wanted to sell them to refineries so that they could melt them. 4. I don't smoke weed. 5. The next 2 videos showed me exchanging the copper pennies for 2 ounces of silver. 6. At least we agree that investing in silver is fine.
@Nozacat Not "we" as in "you and I" but I mean people in general. Just 'cus a law is in place, doesn't mean Im actually gonna follow it lol :) Do you know how many people in the U.S. (much less the World) smoke weed? Nobody cares that its illegal :/ Who gives a shit :) Same with the pennies. What? SWAT's gonna come break down my door, 'cus someone might suspect I may be melting pennies? Seriously? :) Stop bein' gay lol. Im not gonna worry about that shit haha. ...& yeah I like to curse alot.
When silver goes to $200 and gold goes to from $ 2000 to $ 3500 Then $.01 will go to $ 1.00 But it will have to be 1982 and before pennies.Not copper from scrap.
Don't do it.When the crash comes.Congress will do something.But not to melt.How about .Copper finely being made money in the Constitution.When paper is 0 a copper coin could go to $1.00 with new money.New bills made by our our our government.Not the FED dept note.Keep the copper.
ya pennies are close to 3 cents now + they changed it so that if you aren't melting them for profit. you can do it. so melt them, say u were making. idk, a wrist bad, soot of armor who the hell cares, then w8 like 2 months then sell it from profit
Just because its illegal to melt them doesn't mean it would be possible for anyone to know if you did. If you used induction heating or a furnace you could melt them into high quality ingots & make plenty of moola!
@madjimms Don't break the law, it's bad. if everyone did it, there would be chaos. If everyone thought they could break the law, then again we'd be in chaos. This is why I hate criminals.
@caseykc18 For one a crime as defined by our constitution must have a victim. Stop being a sheep and learn the difference between common law and socialism with seems to be the style of government people like you want.
@madjimms I've been thinking about making my own copper ingots! Don't know the slightest thing about metallurgy, let alone the equipment to melt them.
Copper rounds hold 0 value in a economic downturn. Copper prices are based on industrial demand and if a collapse happens, industrial demand falls along with copper prices. Now if mines aren't mining copper due to a crappy price then you want to hold the industrial goods that copper is in such as electrical wire and plumbing items.
Also silver for trade should have a purity stamped on it. Not everyone knows the % of silver in Morgans or junk silver coin.
@YiuTeub I have to disagree anyone that is willing to even barter will recognize U.S mint silver coins. Also the fact that is not the content of the the coins that give them value but what people are willing to value there content. Supply and demand. Also they have been standardized for the last hundred or so years.
@ltrain4060 Some consider it Junk silver. No argument with 100% silver.
Its like having water with 10% shit in it. I don't want it. But I am sure someone that has an item would rather have 2 junk silver coins over 1 100% silver coin. We differ in opinion but whatever you have is better than fiat.
I am a collector for many years in the early 90's purchased 4 Morgan dollars for $69.00, you can't do that now they are all all xf to unc condition among my other coins that I have silver is the way to go right now silver is about 35 to 40 dollars an oz.
I agree, you should invest in silver, but you gave wrong reasons:
Even though congress hasn't lifted the "no melting" laws, junk silver coins are still worth more, its the same as copper. The reason silver is a better investment is because silver is CONSUMED, where as over 78% of above ground copper used today is though to have been re-used, and mined before 1960. THAT is why you should invest in silver.
A morgan or peace dollar is not an ounce. Weigh it please. It weighs a little under 27 grams and only 90% of it is silver so about 24 grams of it is actually silver. It takes 31.1 grams to make a troy oz (precious metals are measured in Troy ounces not regular ones) so that is NOT an ounce of slver.
@dishesdealer417 I did say that it was only 90% silver in the video. That's why I showed "Ugly Betty", my 1 ounce ASE. The point was that I was going from a base metal to a precious metal.
@dishesdealer417 Would you buy $25 of Cu pennies from a noob seller or a power seller? I don't know anything about Ebay nor have the time to do all the things required to sell on ebay. I'll take the potential loss for now and make it up when silver skyrockets.
@Nozacat You make some good points. Silver is a better investment, but I will still collect and keep the 95% copper pennies. And, you don't have to melt it to sell it at a premium. Why would you ever melt it? Do people melt 90% silver coins? No, because it is instantly recognizable as 90% silver and traded that way. Copper has been appreciating at 14% per year since 2000. There are not many places you can get that type of return. Go w/ silver, but keep collecting copper as well.
@alan30189 the next 2 videos after this one shows me exchanging the boxes for 2 ounces of silver. As of now, I've increased my copper pennies and nickel positions because Congress is looking to either change the metal composition of them or get rid of the penny and nickel. Either way, the copper pennies, nickels, and even the zinc pennies will start to go up.
@dishesdealer417 I made another video, Copper Pennies on Ebay, which explains my stance on Ebay. In short, I don't deal with Ebay as a seller or buyer. Then again, that's just me.
@Nozacat I would not turn away from doing this. What ever laws there are now will eventually be dropped and most of all, should the Dollar collapse, these coins will always have it's value due to the copper content. Just after they discontinued the use of silver, they had the same laws to melt the silver. They dropped it sometime during the '70s. This will happen with copper cents as well. And should they discontinue making pennies, this will give the 'green' light for melting the coins
@ScorpioBornIn69 I've read that in refineries, they are considering copper pennies as brass. So if congress allows copper pennies to be melted, refineries will buy your pennies for brass price, not for copper. So my plan of selling them to refineries to be melted is not a good idea. I'll just pull them out of circulation and hold on to them. Thanks for your response.
@Nozacat I haven't read anything about it however because the copper ones are 95% copper, I don't think that's enough zinc to consider it as 'brass' but #2 Copper which is copper with little zinc and #1 copper being pure copper. Also other things that could change concerning with copper is should the price get high enough and to a certain level that it'll make copper as a 'precious' metal instead of a 'base' metal, that'll certainly change things in how coin dealers would purchase them
@Nozacat And also you're turning down free copper that will be harder to find as years pass. It has been 30 years now since copper was removed from the cent and as the time passes along with people hoarding them, these coins will be hard to get. As someone said earlier and I certainly agree that this is an unwise decision making some points about gold and silver being banned and what I said such as the Dollar collapsing and the Mint stop producing the cent and even the nickel.
@ScorpioBornIn69 I have read that congress is either going to change the metal composition for the penny and nickel or is going to get rid of them. Knowing this, I've started to re-hoard my copper pennies and nickels. I'm even thinking about hoarding my zinc pennies.
Stopped after two minutes. Look. Bags of silver quarters and dimes have a market just like bullion bars of silver do. Those bags can't be exported and they can't be melted either, but there they are being bought and sold daily for their silver content. Identical phenomenon, but with copper. There is a market out there for those pennies. Yes, not the full melt, but today you could easily sell that 25$ in pennies for about $40. I hoard now, sell, and buy silver. Other than the laboritisfreesilver!
@hbono1 I understand where you're coming from. With opportunity cost, I'd rather park my money in precious metals instead of base metals. I know that silver is greatly manipulated and will skyrocket. Copper will get there, but it will be awhile. Knowing that there will be a metal composition change for the pennies, and that China and India are constructing new homes with copper pipping, I can see that the demand will go up. With that, I'll probably start hoarding again.
Remember, when there was a gold standard, we did have copper coins. The nickels that are currently issued with a 75% Cu, 25% Ni composition are the same ones that have been minted since 1866 (except for a brief period during World War II when there were 35% silver nickels which go for more than $2 a piece these days on eBay). If hyperinflation happens, there will be some kind of de-facto gold standard. Trust me, people will need Cu pennies. Everyone should have at least two or three jars full.
@AsifAzimabadi I probably will start hoarding again. I just have to get over my investor's side of me that says to park my money in precious metals more than base metals. Once I do that, then I'll be able to hoard without any nagging from my investor side.
Poor people who do not have the money to buy silver could turn out decently if they just go to the bank and put $10 or $20 a week on several rolls of nickels. Silver will probably do the best, but I don't think it will be the only metal circulating in a SHTF kind of situation. There would be barter and some kind of trimetallic phenomenon (copper-silver-gold) like in Mediaeval Europe. If you're rich get gold, good get silver, decent get cupro-nickel, and poor get copper.
@AsifAzimabadi First off, I think "poor" is a state of mind. If you're able to save $20/week, in 2 weeks, you can afford 1 ounce of silver and you're in the game. Save $20 for 4 weeks, you can get 1 gram of gold. Again, the question is, "would you invest in precious or base metals?" I'm thinking that in a SHTF scenario, gold, silver, and copper would be the tri-metals used, just like before. I'm not convinced that nickel will be used, but I'll keep an open mind.
I think it's better to have both silver and cupro-nickel. If hyperinflation happens, which is not a question of if but when, people will need change for silver coins. Silver will be the change for gold, cupro-nickel for silver, and copper for cupro-nickel. How are people going to buy small things like a can of soda, a box of cereal or a bag of salt? I would suggest hoarding some pre-1982 pennies (you have to sort the 1982 cents) and nickels alongside your silver stash.
There is no way Congress will change the laws that will make melting copper pennies legal UNTIL the morons that make-up Congress corner the market on the metal. And with all the insider-trading they all seem to be involved in, that day is a long way off. But rest assured, they will corner the market on it, only after they pass a law that possession of copper pennies is illegal (so people cash them at face-value, leaving them to waltz right in and scoop them up.
@edwardnorton04 It's conspiracy theories like this that gets me iffy about hoarding copper pennies. I don't doubt that this is a possibility. In fact, this sounds like something Congress and the big players in Wall Street would think about doing.
You should save and accumulate all metals, gold sliver nickel copper and zinc for any barter si tuation that could arise. Why people think they should save a coin with the intention to melt it down only to make it back into another coin is idiotic. Its already a coin !!!! Hyperinflation will make all coins reevaluate to the extreme.
@MrMaineack It's hard to tell what other metals, besides gold & silver, will be used in a SHTF scenario. With that said, I think that hoarding gold, silver, & copper would be the way to go. Nickel and zinc weren't used back in the day, so I'm not sure if it'll be used again. Besides Ebay, how would copper penny hoarders capitalize on the increase value of copper in a hyperinflation scenario if they can't melt them? It is that question that makes me wonder why I hoard them.
@WCNYBC I've started to do that What it boils down to is do you want to invest in precious or base metals. As an investor or survivalist, gold & silver will definately be used to capitalize on your investment or will be used in a SHTF scenario.
aha "lets be civilised" thumbs up for that comment aha i agree copper is very long term. in my opinion it is also much of investing in the chinese economy and in world economy. and of course only risk is the alternative cost!
@sapiensproeliator Thanks for your response. I want my videos to be more for learning, and I would like to think that my fellow people are civilized to carry a conversation or debate in a civilized manner. I respect people's opinions and try to keep an open mind. As for copper, I'll probably start hoarding for my kids. So when they grow up and they have kids, copper will probably hit $20/pound. That'll pay for their hyperinflated education. LOL
Why not invest in both? Why not have most in Silver and some in Copper? I have. Btw, Provident metals has a sale on 1oz Copper "Morgans" (I bought few hundred) for only 99 cents..oops just checked back to $1.89, but some other 1 oz Copper Statue of Liberty rounds for $1.19...I think that's a good buy (along with "todays" Silver prices).
@van1976 When you're dealing with copper, it's by pound. You have to be careful on how much over spot you pay for those 1 oz rounds. Check out my video, "Is copper bullion a good investment?". I show you how to calculate the premiums on them. You got a good deal buying them at $0.99. The money you paid for those copper rounds, you could've used that to buy some junk silver or 1 ounce coins/rounds. Again, it's the opportunity cost.
On Coinflation today they had an article on penny hoarders with huge amounts of pennies. It was an ABC article. I also read a while back about a guy buying a million dollars worth of nickels. Gresham's law is taking effect, hoard nickels and pennies. I have gold, silver, platinum, copper pennies, nickels, and even aluminum cans (each can worth about 2 cents for prices I get). I don't have a large stake in pennies of nickels but I say keep hoarding all you get in change
@tommy35ss As an investor, I would go with precious metals. As a survivalist, I would go with gold, silver, & copper. But with what you're collecting, you're covering all investment philosophies and then some. Since we don't know what metals will be used in a SHTF scenario, that's good that you're hoarding the various metals. We'll never know what's going to happen in the future.
I would hold on to my copper. Flipping one variety of metal for another is rarely a good idea. In the future, you're going to want to have preserved variety, as well as your investment in any particular metal. I would be selling baseball cards, comic books, or anything else that I might possess that could be of value before I'd ever sell my copper pennies. If I never need to make use of that investment, it's something I can pass on to my children. No way I'd get rid of it.
@veritasfiles You have to look at what varieties of metals I'm flipping. I'm going from a base metal to a precious metal. Precious metals, like gold and silver, are rare and have a high economic value. Once silver gets free from all the manipulation, it'll skyrocket. From that point on, I'll cash in and buy real estate and even businesses. I'm sure when copper starts to go up, it'll get manipulated, like silver.
@Nozacat - You'd have to be an idiot to be carrying this box of pennies all day long, just put it in the closet and leave it there, and pass them down to your kids.
@Nozacat That's exactly what I'm lookling at, and in terms of base metals, the only metals I'd really be interested in having are coppper and nicke. Now, I wouldn't put huge amounts of money in them, but for diversity's sake, as well as just adaptability, I think they are a good idea. What if Silver and Gold are either confiscated or become highly regulated, moreso than the base metals? What then? I'm just saying that turning down free copper that you'll never get cheaper than this isn't wise.
I still buy myself to but just from a collectors standpoint. Roughly 12 years ago I was buying Morgan dollars all day long for $7.00. But with Morgans you pay a premium just due to what the are. So I switched to common date junk sinver as they call it, I was buying Franklin and Kennedy halves for a bit over $2.00. I wish the prices would go back down to what they was then.
Now the next question is how old are you. I remember back in the late 70's early 80's gold and silver hit an all time high just like it i now. Now would be the time to sell precious metals not buy. The name of the game for investing is buy low and sell high.
@atrossman49250 I starting investing in PMs about 3 years ago, so I started buying when it was $18-20/oz. I'm in the process of restacking since I cashed out to put a down payment on my house. The highest I've seen silver was when it almost reached $50. When it came back down, that's when I started to buy. So comparing back then today...I definitely agree with you in that you should be selling now. But I believe that PMs, especially silver, will continue to rise, so I'm still buying.
@atrossman49250 Yes, I'm aware of that. But I was reminded later on that if the melt value is greater than the coin value, then people start to hoard it. As an investor, my thought is...do I put $50 in copper pennies or $50 in silver? Check out my video, "How Badly is Sliver being manipulated", and let me know if you would get copper pennies or silver.
Depends if you can actually use the pennies as currency right now. Can you trade pound for pound for a breeder chicken?
People like gold because in a SHTF scenario its even more transportable than silver. If you intend to stay where you are in a real SHTF scenario you want nickels. One shouldn't forget that the US mint changed out their 25% nickel content for 35% silver in war nickels, because nickel was in higher demand and therefore more valuable than silver. Yes, Nickel is king in SHTF
@babelfishdude Thanks for your response. I totally forgot about the War Nickels. Come to think of it, I haven't seen them being sold in coin stores. You've definitely given me something to think about . Speaking about SHTF, I did a video about SHTF and the value of gold & silver. Let me know what you think. The video is called, "Gold & Silver When the Dollar Goes to Zero." I would put the link, but it won't let me post it.
@saberone000 Thanks for your response. As an investor, I don't like parking my money in something that will take a long time to capitalize on. I did make a case for hoarding copper pennies in another video, but as for me, I'm investing heavily on silver.
thelasvegaskidcoins great coins there check it out!
TravisLSosa 2 days ago
but if shit hits the fan you have no use for silver but copper can be mad into bullets
skolmnvikes 3 days ago
There is a place for both silver and copper. The economy is getting worse and you will need money that is real, not the fake paper stuff that soon won't be accepted anymore in return for goods or services.
dishesdealer417 4 days ago
How many times can you say silver is the way to go in 10 minutes....lmao
PapaKryptoss 5 days ago
If your in it just for the silver, just go for the damn generic silver rounds or bars.... If you want to collect then, well that is a different story. But the American Silver Eagle, all though just a bit more expensive than generic silver over a couple bucks spot is probably better than because it hits both markets. Get the .999 and forget about it and dont panic when it loses 10% in a week. I have seen it over and over and it always comes back.
WDTripps 5 days ago
Um... if you melt them down, who the hell is to know that your copper bar used to be a penny? Idiot.
sandorsbox 6 days ago
@sandorsbox Where the fuck is he going to melt them down at? In mom's overn, idiot?
rustyjonesjr 5 hours ago
@rustyjonesjr You can build a foundry out of brick in the back yard and charcoal isn't that expensive. I used to work with iron in my parents back yard and all i used was wood to heat it. (never did much, but it made it malleable) If I can do that, I could very easily melt pennies. And besides, he's the one who mentioned melting them down... idiot.
sandorsbox 2 hours ago
who the fuck is gonna know you melted them down???
TrollingDr 6 days ago
copper is slowly working its way out of everyday use. even copper pennies are getting slowly harder to find. what about when copper turns from a base metal to a precious metal? silver at one was an everyday metal. copper is the next "silver boat" long term you need to get copper. its cheap now and eventually will be precious
jivalst 1 week ago
@jivalst better look up the LONG TERM value of silver as you are as wrong as wrong can be
GENIUS99999992345678 1 week ago
@jivalst
I agree with your assessment on copper value. Silver is great yes, and you should have some, however, you can't buy silver for less than 2.5 times it's actual value like you can by sorting out real copper pre Oct. 1982 copper pennies. What else can you get for 1 cent that is worth over 2.5 cents & hs been recently worth close to 4 cents? When SHTF the cops are going to be worried about someone melting copper. the cities will be burning, that is what they will care about.
dishesdealer417 4 days ago
Then poor it down a copper tube with out the tube melting
le9it9amer 1 week ago
How hard is it to melt copper at your house:)
le9it9amer 1 week ago
anybody whos poor can invest in copper pennies lower middle class silver upper middle class gold. so if you think investing in a silver coin is going change with the law from congress put your head on a pillow. as you said though collectors are the only place right now where anything in this market is going to be sold. congress wont change the laws until the populas demands it. good video for the websites to go to this helped me for investment ideas thanks.
goejeni 1 week ago
@Nozacat Thank you for the thoughts and info.
MRNiceATbeingBad 1 week ago
If you melted them yourself, there is no proof they were once pennies... Just saying.
EthanJM 1 week ago
I'd rather have both; a diversified portfolio. Copper may go up a higher percentage return than silver or it may not. That's why it's good to have both just in case. You wouldn't enter the stock market and only have 1 stock so why enter the metals market with only 1 metal?
stormspottter 1 week ago
nice vid
mrbigdaddyboss 1 week ago
i got a pinnie frome 1821 in english money
xXbghytXx 2 weeks ago
if you can only afford a couple of oz of silver may as well get more copper since you can accumulate more
18wheeler76 2 weeks ago
thanks for the website it really helped me
EricChris8 2 weeks ago
You were making a good point about both copper and silver going up during the inevitable hyper inflation.... but think of this.... when the world paper currency goes to shit. I know that those pennies or I'll be calling them copper coins after that point, those coins are going to be the currency between regular people. You may only have a few of those silver coins and probably won't want to trade them for essentials, but those copper coins are plentiful and you won't feel as bad using them.
UkrainianDragon1993 2 weeks ago
I choose both, a little thing called diversification. There's nothing wrong with having a couple of boxes of copper coins, just weigh up your options and keep a bit of everything that you can. You never know when it might be useful.
mitcha002 2 weeks ago
collect (S) pennies they made so few
s pennies will go up more then the D and P mint marks
kirkis007 2 weeks ago
you must bring them two a scrap yard but you must put them into copper pipe and hamer the ends close even if they no whats in them they will take it.
LOGANUVA 2 weeks ago
wad da fuck bro ?
ILIK3HATERZ 2 weeks ago
what web site is that
76cutlass87 2 weeks ago
quit bein a bitch dude ! , and you dont have to melt them , you sell them to the guy who melts them , also Silver is A great investment , but ROI quick Copper is the way to go
cuginetycoon 2 weeks ago
u ain't learned shit
wizdumb420 3 weeks ago
Good video.
reharlan 3 weeks ago
he has a point. as soon as we are legaly able to melt copper pennies the price of copper will drop. demand will go down when the goverments hand is released.
cplandscaping 3 weeks ago 2
I keep copper pennies, just to keep them. I know they aren't going to be worth anything yet, but in time they will be. I'm just one of those people that can be patient and wait for it to go up.
HauptmannUngerzacht 3 weeks ago
I agree with you! I myself don't recommend copper pennies, but I highly recommed copper bars, and coins rather than copper pennies because the perecentage of it is nothing but zinc! However, copper is a long -term investment deal, and copper will go up due to the demand!I still recommend copper and silver!
enrichment32 4 weeks ago
@enrichment32 When you say "copper pennies", people will think 95% copper pennies. I think you mean to say zinc pennies, which are 97.5% zinc.
alan30189 3 weeks ago
Don't get it back to the bank.
continue to find copper and sell them.
JPMorganSuckBalls 4 weeks ago
Who cares what the law says about metling copper pennies? Are you really that much of a goody goody? Here's a tip, all you need to do is to find a spot away from a police officer to melt them, perhaps in your own house. Silver is better though, much more rare and more industrial uses
Stillwater900 4 weeks ago
@Stillwater900 most police departments these days are so disorganized , they probably wouldnt even know what you are doing
krillin876 4 weeks ago
@Stillwater900 To clarify, when I say melt them, I mean to sell them to a refinery so that they can melt them. I'm not a metalsmith, nor am I knowledgeable in metallurgy. Then again, refineries will buy my copper pennies but will buy them for the brass price and not the copper price, which is why I'm rethinking about selling them to refineries.
Nozacat 4 weeks ago
@Stillwater900 Pretty stupid to melt them when you can sell them for far more than face value. Its illegal and a fire hazard to boot. I would never consider melting 90% silver coins. They are instantly recognizable as 90% silver and easy to sell. Same way with 95% copper pennies. I think the US government will discontinue the penny. Its a useless piece of currency that is costing the government too much to make. Best bet is to just hold on to them. It will pay off down the road.
alan30189 3 weeks ago
@alan30189 He's the one talking about melting them, not me. Fire hazard? If you're a GIRL maybe. I melt jewelry in my backyard all the time in a crucible, its not dangerous at all. Well copper is pretty recognizable no matter what form its in, wouldn't you say? Its the only other colored metal, besides gold.
Stillwater900 3 weeks ago
@Stillwater900 I am sure it can be safe, like deep frying a turkey can be safe also, yet many people burn their houses down every year because they don't know WTF they are doing.
alan30189 3 weeks ago
you are insane
MrDangunsamerica 4 weeks ago
You could sell it to someone in Canada
JamesCalex 4 weeks ago
@JamesCalex what about the shipping?
JPMorganSuckBalls 4 weeks ago
@JamesCalex I've been thinking about putting some copper pennies on Ebay, selling 5 or 10 pounds worth. I just don't have the time to research on Ebay. I guess they'll just sit in my jar for now.
Nozacat 4 weeks ago
If you want a smarter investment as you alwaays pay a premium on coins is to buy scrap silver or gold, they tend to sell for about spot weight and with some the precious stones come bundled with the gold or silver so you get the stones for gold weight which can be good...for 1 gram of diamonds as a free gift if your willing to break out the stones and test them and test your scrap for purity you can have a very wise investment and YOU CAN MELT IT DOWN, if its not currency
BusyBeeCompany 1 month ago
@BusyBeeCompany That's an interesting idea. I've seen some Youtube vids on gold and silver scrap recovery and Ebay has a lot of listings on that as well. With the prices of gold and silver going up, I'll get gold and silver anyway I can without paying premiums. Thanks for the response!
Nozacat 4 weeks ago
I buy mostly generic silver. Every few months I'll buy a numismatic coin that has been just minted before value goes up. I'm talking one numis per every ten generic. Pennies I'm collecting along with nickels but I'm not going to the bank and buying boxes. I'm just doing it passively I check every coin before they go into their respective jars at the end of the day and they're adding up. It also falls into my savings plan. All change, all singles and if times are good 5's.
patrick258181 1 month ago
@patrick258181
I'd say if you think your investing in copper value in the coin then just go out and get these junk things you see beside the road for free, if they are electricaland havnt been taken apart you can collect copper from wires, silver or gold connectors, aluminum and then as part of your look around go to your local town dump and give them the junk....the fact is theres more money available from wire being left with old tv's then there is from pennies.
BusyBeeCompany 4 weeks ago
the most important thing any silver investor must learn is how to detect chinese fakes. buy yourself a cheap digital scale. learn the weights of different coins and bars. get a magnet, use ones you already have to make a comparison to the new ones you buy and finally you can do the sound test on non numismatic coins.
lagoveride 1 month ago
@lagoveride Yes, I've heard some fakes coming out of China. Great suggestions! I weigh my silver coins/rounds to make sure they are real. There was a guy who was trying to sell some ASE to one of my coin dealers. She said that they were fakes. You never know. Arm yourselves with knowledge!
Nozacat 4 weeks ago
I melted pennies for copper in private go ahead and tell the federal government about it.
Dailybabble 1 month ago
@Dailybabble What you do with your pennies is your deal. When i say "melt them", I mean sell them to refineries so that they will melt them, and I'll get paid based on the melt value of the copper pennies. I'm not a metalsmith, nor do I know anything about metallurgy. FYI, "Penalties for violation include fines up to $10,000 and 5 years in prison" Don't want to go to jail just because I melted copper pennies. That would be STUPID!
Nozacat 4 weeks ago
law ? i dident sign any contract to follow any law
evilscotsmin 1 month ago
we use to put pennies in a 10 dollar roll and get 10 bucks for the pennies haha fuckin clowns
CLOVERCITYY15 1 month ago
@CLOVERCITYY15 loser
mattsmoski3737 1 month ago
why are you scared about melting it ? nobody has to know ?? unless your putting it on youtube LOL
thewarlord1944 1 month ago
@thewarlord1944 When I say "melt them" I mean sell them to the refineries so that THEY can melt them. In a SHTF scenario, I would melt them down for ammo...if I knew how to make ammo. Some people have put videos on Youtube melting pennies. That would be funny if someone reported them. That's 5 years in prison for something as stupid as melting pennies.
Nozacat 4 weeks ago
how would they know if you melt your pennies ...seriously lol
TheXXFIREBIRDXx 1 month ago
@TheXXFIREBIRDXx LOL! how would they know indeed.
Nozacat 4 weeks ago
why not just keep the box of pennies....and from here on out buy silver.....that way you have both ends covered
vanityrose12 1 month ago
@vanityrose12 Since this video, I've bought 2 boxes and sorted my change for copper pennies. Along with that, I still have a strong position in silver. Those 2 silver rounds I bought with those boxes of pennies have gone up in value since. Now, I'm in a good position as silver starts to rise. So, in the end, both ends are covered. Thanks for your response.
Nozacat 4 weeks ago
Excelent information. I agree with your ideas on investment. Thanks for this video
TXCoindigger 1 month ago
@TXCoindigger Thanks for your response. Keep on stacking!!!
Nozacat 4 weeks ago
Well they have stopped making the memorial cents, so in 50 or 60 years that will be like a $25 box of wheats
UnnamedThinker 1 month ago
@UnnamedThinker That's why I see copper as a really long-term investment. I've re-hoarded my copper pennies and nickels for my kids or grandkids. I won't capitalize on my investment in copper anytime soon. My other generations will thank me...If I get to live that long. Congress is looking to either change the metal composition of the penny and nickel or get rid of them completely. Either way, they will go up in value. I'm even thinking about hoarding my zinc pennies.
Nozacat 4 weeks ago
@Nozacat dont hoard zinc as of now.they willl always be readily avail for buying at 1 cent..like nickels its kinda pointless right now,until you here on the news that they will stop making them,then a quick ride to the back with $500 will be smart.
18wheeler76 2 weeks ago
Who's gonna know if you melt it or not? do it yourself.
ebayisajoke 1 month ago
@ebayisajoke I would if I knew anything about metallurgy or even the equipment to melt the pennies and to use the copper for ammo. I am a DIY guy. LOL
Nozacat 4 weeks ago
i just keep the copper pennies i get in my change!!! may as well. no use in spending them!!
ovechkin100 1 month ago
Isn't it good to have both copper and silver as a diverse financial portfolio
stormspottter 1 month ago
@stormspottter It is, but as an investor, I want to increase my position in silver before the price goes up like gold did. Copper is a base metal and will be around for awhile. China and India have increased the demand for copper, causing the price to rise, but as technology and advancements in medicine are increasing, silver will be more in demand.
Nozacat 4 weeks ago
can't you still buy scrap bags of silver coins?
micmoable 1 month ago
@micmoable APMEX sells $1, $100, $500 & $1000 face value bags of junk silver coins. There might be others that sell them.
Nozacat 4 weeks ago
This has been flagged as spam show
Youre a moron!
Were gonna melt 'em anyway! :)
We smoke weed dont we?
Sure, invest in silver. Thats fine.
However, you mean to tell me, youre gonna avoid making a profit, on a substance thats as abundant and valuable as copper pennies, just because "the government" doesnt want you to?
The government hates competition asshole; they wanna fuck you!
I'll buy your pennies off you.
Wanna get rid of 'em?
MartialDuartist 1 month ago
@MartialDuartist 1. Your word choices are inappropriate. 2. Since this video, I've increased my copper pennies and nickel positions. 3. I didn't want to melt them, I wanted to sell them to refineries so that they could melt them. 4. I don't smoke weed. 5. The next 2 videos showed me exchanging the copper pennies for 2 ounces of silver. 6. At least we agree that investing in silver is fine.
Nozacat 4 weeks ago
MartialDuartist 4 weeks ago
Comment removed
MartialDuartist 1 month ago
When silver goes to $200 and gold goes to from $ 2000 to $ 3500 Then $.01 will go to $ 1.00 But it will have to be 1982 and before pennies.Not copper from scrap.
moomman89 1 month ago
Don't do it.When the crash comes.Congress will do something.But not to melt.How about .Copper finely being made money in the Constitution.When paper is 0 a copper coin could go to $1.00 with new money.New bills made by our our our government.Not the FED dept note.Keep the copper.
moomman89 1 month ago
Or you could just melt it and not tell anyone.
dragonblack955 1 month ago
or you could melt outside of the US or melt forin coins
willie2022 1 month ago
ya pennies are close to 3 cents now + they changed it so that if you aren't melting them for profit. you can do it. so melt them, say u were making. idk, a wrist bad, soot of armor who the hell cares, then w8 like 2 months then sell it from profit
willie2022 1 month ago
Just throw that shit in the back of your closet and forget about it.
norxcontacts 1 month ago
Copper Penny supply in banks is PLUNGING!
JPMorganSuckBalls 1 month ago
I would keep both, just because, I wouldn't buy any more copper, but I wouldn't have sold that box...
CollectingSilver 1 month ago
Just because its illegal to melt them doesn't mean it would be possible for anyone to know if you did. If you used induction heating or a furnace you could melt them into high quality ingots & make plenty of moola!
madjimms 1 month ago
@madjimms Don't break the law, it's bad. if everyone did it, there would be chaos. If everyone thought they could break the law, then again we'd be in chaos. This is why I hate criminals.
caseykc18 1 month ago
@caseykc18 For one a crime as defined by our constitution must have a victim. Stop being a sheep and learn the difference between common law and socialism with seems to be the style of government people like you want.
ltrain4060 1 month ago
@madjimms I've been thinking about making my own copper ingots! Don't know the slightest thing about metallurgy, let alone the equipment to melt them.
Nozacat 4 weeks ago
don't burn me at the stake for saying this but ounce you melt them down how would you know what the copper was originally?
SynthEnslaved 1 month ago
Copper rounds hold 0 value in a economic downturn. Copper prices are based on industrial demand and if a collapse happens, industrial demand falls along with copper prices. Now if mines aren't mining copper due to a crappy price then you want to hold the industrial goods that copper is in such as electrical wire and plumbing items.
Also silver for trade should have a purity stamped on it. Not everyone knows the % of silver in Morgans or junk silver coin.
YiuTeub 2 months ago
@YiuTeub I have to disagree anyone that is willing to even barter will recognize U.S mint silver coins. Also the fact that is not the content of the the coins that give them value but what people are willing to value there content. Supply and demand. Also they have been standardized for the last hundred or so years.
ltrain4060 1 month ago
@ltrain4060 Some consider it Junk silver. No argument with 100% silver.
Its like having water with 10% shit in it. I don't want it. But I am sure someone that has an item would rather have 2 junk silver coins over 1 100% silver coin. We differ in opinion but whatever you have is better than fiat.
YiuTeub 1 month ago
I am a collector for many years in the early 90's purchased 4 Morgan dollars for $69.00, you can't do that now they are all all xf to unc condition among my other coins that I have silver is the way to go right now silver is about 35 to 40 dollars an oz.
venustianot 2 months ago
You should always have a diverse portfolio. It doesn't have to be one or the other. I only collect silver and copper.
epohnopulse 2 months ago
I agree, you should invest in silver, but you gave wrong reasons:
Even though congress hasn't lifted the "no melting" laws, junk silver coins are still worth more, its the same as copper. The reason silver is a better investment is because silver is CONSUMED, where as over 78% of above ground copper used today is though to have been re-used, and mined before 1960. THAT is why you should invest in silver.
UltimateSh1t 2 months ago
You make some good points. Thanks, take care.
TruthSmack 2 months ago
@TruthSmack Thanks for the reply. Keep on stacking!
Nozacat 2 months ago
A morgan or peace dollar is not an ounce. Weigh it please. It weighs a little under 27 grams and only 90% of it is silver so about 24 grams of it is actually silver. It takes 31.1 grams to make a troy oz (precious metals are measured in Troy ounces not regular ones) so that is NOT an ounce of slver.
dishesdealer417 2 months ago
@dishesdealer417 I did say that it was only 90% silver in the video. That's why I showed "Ugly Betty", my 1 ounce ASE. The point was that I was going from a base metal to a precious metal.
Nozacat 2 months ago
That twenty five dollar box of real 95% copper pennies sells for $50 on ebay so why would you give it away for only 25????????
dishesdealer417 2 months ago 3
@dishesdealer417 Would you buy $25 of Cu pennies from a noob seller or a power seller? I don't know anything about Ebay nor have the time to do all the things required to sell on ebay. I'll take the potential loss for now and make it up when silver skyrockets.
Nozacat 2 months ago
@Nozacat You make some good points. Silver is a better investment, but I will still collect and keep the 95% copper pennies. And, you don't have to melt it to sell it at a premium. Why would you ever melt it? Do people melt 90% silver coins? No, because it is instantly recognizable as 90% silver and traded that way. Copper has been appreciating at 14% per year since 2000. There are not many places you can get that type of return. Go w/ silver, but keep collecting copper as well.
alan30189 1 month ago
@Nozacat Do you still have that box of copper pennies? I am thinking you already got rid of it.
alan30189 1 month ago
@alan30189 the next 2 videos after this one shows me exchanging the boxes for 2 ounces of silver. As of now, I've increased my copper pennies and nickel positions because Congress is looking to either change the metal composition of them or get rid of the penny and nickel. Either way, the copper pennies, nickels, and even the zinc pennies will start to go up.
Nozacat 4 weeks ago
You dont' have to melt it. You can sell it on ebay as bulk copper bullion coins.
dishesdealer417 2 months ago 4
@dishesdealer417 I made another video, Copper Pennies on Ebay, which explains my stance on Ebay. In short, I don't deal with Ebay as a seller or buyer. Then again, that's just me.
Nozacat 2 months ago
@Nozacat I would not turn away from doing this. What ever laws there are now will eventually be dropped and most of all, should the Dollar collapse, these coins will always have it's value due to the copper content. Just after they discontinued the use of silver, they had the same laws to melt the silver. They dropped it sometime during the '70s. This will happen with copper cents as well. And should they discontinue making pennies, this will give the 'green' light for melting the coins
ScorpioBornIn69 1 month ago
@ScorpioBornIn69 I've read that in refineries, they are considering copper pennies as brass. So if congress allows copper pennies to be melted, refineries will buy your pennies for brass price, not for copper. So my plan of selling them to refineries to be melted is not a good idea. I'll just pull them out of circulation and hold on to them. Thanks for your response.
Nozacat 4 weeks ago
@Nozacat I haven't read anything about it however because the copper ones are 95% copper, I don't think that's enough zinc to consider it as 'brass' but #2 Copper which is copper with little zinc and #1 copper being pure copper. Also other things that could change concerning with copper is should the price get high enough and to a certain level that it'll make copper as a 'precious' metal instead of a 'base' metal, that'll certainly change things in how coin dealers would purchase them
ScorpioBornIn69 4 weeks ago
@Nozacat And also you're turning down free copper that will be harder to find as years pass. It has been 30 years now since copper was removed from the cent and as the time passes along with people hoarding them, these coins will be hard to get. As someone said earlier and I certainly agree that this is an unwise decision making some points about gold and silver being banned and what I said such as the Dollar collapsing and the Mint stop producing the cent and even the nickel.
ScorpioBornIn69 1 month ago
@ScorpioBornIn69 I have read that congress is either going to change the metal composition for the penny and nickel or is going to get rid of them. Knowing this, I've started to re-hoard my copper pennies and nickels. I'm even thinking about hoarding my zinc pennies.
Nozacat 4 weeks ago
Stopped after two minutes. Look. Bags of silver quarters and dimes have a market just like bullion bars of silver do. Those bags can't be exported and they can't be melted either, but there they are being bought and sold daily for their silver content. Identical phenomenon, but with copper. There is a market out there for those pennies. Yes, not the full melt, but today you could easily sell that 25$ in pennies for about $40. I hoard now, sell, and buy silver. Other than the laboritisfreesilver!
hbono1 2 months ago
@hbono1 I understand where you're coming from. With opportunity cost, I'd rather park my money in precious metals instead of base metals. I know that silver is greatly manipulated and will skyrocket. Copper will get there, but it will be awhile. Knowing that there will be a metal composition change for the pennies, and that China and India are constructing new homes with copper pipping, I can see that the demand will go up. With that, I'll probably start hoarding again.
Nozacat 2 months ago
Remember, when there was a gold standard, we did have copper coins. The nickels that are currently issued with a 75% Cu, 25% Ni composition are the same ones that have been minted since 1866 (except for a brief period during World War II when there were 35% silver nickels which go for more than $2 a piece these days on eBay). If hyperinflation happens, there will be some kind of de-facto gold standard. Trust me, people will need Cu pennies. Everyone should have at least two or three jars full.
AsifAzimabadi 3 months ago
@AsifAzimabadi I probably will start hoarding again. I just have to get over my investor's side of me that says to park my money in precious metals more than base metals. Once I do that, then I'll be able to hoard without any nagging from my investor side.
Nozacat 2 months ago
Poor people who do not have the money to buy silver could turn out decently if they just go to the bank and put $10 or $20 a week on several rolls of nickels. Silver will probably do the best, but I don't think it will be the only metal circulating in a SHTF kind of situation. There would be barter and some kind of trimetallic phenomenon (copper-silver-gold) like in Mediaeval Europe. If you're rich get gold, good get silver, decent get cupro-nickel, and poor get copper.
AsifAzimabadi 3 months ago
@AsifAzimabadi First off, I think "poor" is a state of mind. If you're able to save $20/week, in 2 weeks, you can afford 1 ounce of silver and you're in the game. Save $20 for 4 weeks, you can get 1 gram of gold. Again, the question is, "would you invest in precious or base metals?" I'm thinking that in a SHTF scenario, gold, silver, and copper would be the tri-metals used, just like before. I'm not convinced that nickel will be used, but I'll keep an open mind.
Nozacat 2 months ago
I think it's better to have both silver and cupro-nickel. If hyperinflation happens, which is not a question of if but when, people will need change for silver coins. Silver will be the change for gold, cupro-nickel for silver, and copper for cupro-nickel. How are people going to buy small things like a can of soda, a box of cereal or a bag of salt? I would suggest hoarding some pre-1982 pennies (you have to sort the 1982 cents) and nickels alongside your silver stash.
AsifAzimabadi 3 months ago
check out the forumsat: pennyhoard dot net
pennyhoardnet 3 months ago
There is no way Congress will change the laws that will make melting copper pennies legal UNTIL the morons that make-up Congress corner the market on the metal. And with all the insider-trading they all seem to be involved in, that day is a long way off. But rest assured, they will corner the market on it, only after they pass a law that possession of copper pennies is illegal (so people cash them at face-value, leaving them to waltz right in and scoop them up.
edwardnorton04 3 months ago
@edwardnorton04 It's conspiracy theories like this that gets me iffy about hoarding copper pennies. I don't doubt that this is a possibility. In fact, this sounds like something Congress and the big players in Wall Street would think about doing.
Nozacat 2 months ago
You should save and accumulate all metals, gold sliver nickel copper and zinc for any barter si tuation that could arise. Why people think they should save a coin with the intention to melt it down only to make it back into another coin is idiotic. Its already a coin !!!! Hyperinflation will make all coins reevaluate to the extreme.
MrMaineack 3 months ago
@MrMaineack It's hard to tell what other metals, besides gold & silver, will be used in a SHTF scenario. With that said, I think that hoarding gold, silver, & copper would be the way to go. Nickel and zinc weren't used back in the day, so I'm not sure if it'll be used again. Besides Ebay, how would copper penny hoarders capitalize on the increase value of copper in a hyperinflation scenario if they can't melt them? It is that question that makes me wonder why I hoard them.
Nozacat 2 months ago
Smart move. I save the ones I get from change, but I buy only silver, and gold on a 20-1 ratio.
WCNYBC 3 months ago
@WCNYBC I've started to do that What it boils down to is do you want to invest in precious or base metals. As an investor or survivalist, gold & silver will definately be used to capitalize on your investment or will be used in a SHTF scenario.
Nozacat 2 months ago
aha "lets be civilised" thumbs up for that comment aha i agree copper is very long term. in my opinion it is also much of investing in the chinese economy and in world economy. and of course only risk is the alternative cost!
sapiensproeliator 3 months ago
@sapiensproeliator Thanks for your response. I want my videos to be more for learning, and I would like to think that my fellow people are civilized to carry a conversation or debate in a civilized manner. I respect people's opinions and try to keep an open mind. As for copper, I'll probably start hoarding for my kids. So when they grow up and they have kids, copper will probably hit $20/pound. That'll pay for their hyperinflated education. LOL
Nozacat 2 months ago
good video man, i invest in silver, and every now and then when i see copper pennies i store them, but i dont actively go looking for pennies LOl
sapiensproeliator 3 months ago
@sapiensproeliator I totally agree. I want to keep my money in precious metals!
Nozacat 2 months ago
Why not invest in both? Why not have most in Silver and some in Copper? I have. Btw, Provident metals has a sale on 1oz Copper "Morgans" (I bought few hundred) for only 99 cents..oops just checked back to $1.89, but some other 1 oz Copper Statue of Liberty rounds for $1.19...I think that's a good buy (along with "todays" Silver prices).
--Van
van1976 3 months ago
@van1976 When you're dealing with copper, it's by pound. You have to be careful on how much over spot you pay for those 1 oz rounds. Check out my video, "Is copper bullion a good investment?". I show you how to calculate the premiums on them. You got a good deal buying them at $0.99. The money you paid for those copper rounds, you could've used that to buy some junk silver or 1 ounce coins/rounds. Again, it's the opportunity cost.
Nozacat 2 months ago
Good vid. I agree with you on all points.
Meathead36 3 months ago
@Meathead36 Thanks for your response. Keep stacking!
Nozacat 2 months ago
On Coinflation today they had an article on penny hoarders with huge amounts of pennies. It was an ABC article. I also read a while back about a guy buying a million dollars worth of nickels. Gresham's law is taking effect, hoard nickels and pennies. I have gold, silver, platinum, copper pennies, nickels, and even aluminum cans (each can worth about 2 cents for prices I get). I don't have a large stake in pennies of nickels but I say keep hoarding all you get in change
tommy35ss 3 months ago
@tommy35ss As an investor, I would go with precious metals. As a survivalist, I would go with gold, silver, & copper. But with what you're collecting, you're covering all investment philosophies and then some. Since we don't know what metals will be used in a SHTF scenario, that's good that you're hoarding the various metals. We'll never know what's going to happen in the future.
Nozacat 2 months ago
There was an article on Coinflation from ABC about the laws maybe changing and massive penny hoarders with over 200,000 dollars face value pennies
tommy35ss 3 months ago
I would hold on to my copper. Flipping one variety of metal for another is rarely a good idea. In the future, you're going to want to have preserved variety, as well as your investment in any particular metal. I would be selling baseball cards, comic books, or anything else that I might possess that could be of value before I'd ever sell my copper pennies. If I never need to make use of that investment, it's something I can pass on to my children. No way I'd get rid of it.
veritasfiles 3 months ago
@veritasfiles You have to look at what varieties of metals I'm flipping. I'm going from a base metal to a precious metal. Precious metals, like gold and silver, are rare and have a high economic value. Once silver gets free from all the manipulation, it'll skyrocket. From that point on, I'll cash in and buy real estate and even businesses. I'm sure when copper starts to go up, it'll get manipulated, like silver.
Nozacat 2 months ago
@Nozacat - You'd have to be an idiot to be carrying this box of pennies all day long, just put it in the closet and leave it there, and pass them down to your kids.
wintercat2 2 months ago
@Nozacat That's exactly what I'm lookling at, and in terms of base metals, the only metals I'd really be interested in having are coppper and nicke. Now, I wouldn't put huge amounts of money in them, but for diversity's sake, as well as just adaptability, I think they are a good idea. What if Silver and Gold are either confiscated or become highly regulated, moreso than the base metals? What then? I'm just saying that turning down free copper that you'll never get cheaper than this isn't wise.
veritasfiles 2 months ago
I still buy myself to but just from a collectors standpoint. Roughly 12 years ago I was buying Morgan dollars all day long for $7.00. But with Morgans you pay a premium just due to what the are. So I switched to common date junk sinver as they call it, I was buying Franklin and Kennedy halves for a bit over $2.00. I wish the prices would go back down to what they was then.
atrossman49250 3 months ago
Now the next question is how old are you. I remember back in the late 70's early 80's gold and silver hit an all time high just like it i now. Now would be the time to sell precious metals not buy. The name of the game for investing is buy low and sell high.
atrossman49250 3 months ago
@atrossman49250 I starting investing in PMs about 3 years ago, so I started buying when it was $18-20/oz. I'm in the process of restacking since I cashed out to put a down payment on my house. The highest I've seen silver was when it almost reached $50. When it came back down, that's when I started to buy. So comparing back then today...I definitely agree with you in that you should be selling now. But I believe that PMs, especially silver, will continue to rise, so I'm still buying.
Nozacat 3 months ago
$50.00 in pennies I can turn in $100.00 in just a few hours. Not so with Silver. But I do like Silver better.
atrossman49250 3 months ago
@atrossman49250 how do you... oh ebay, huh?!
Nozacat 3 months ago
You do realize that all the pennies have to 1981 and older to be copper.
atrossman49250 3 months ago
@atrossman49250 Yes, I'm aware of that. But I was reminded later on that if the melt value is greater than the coin value, then people start to hoard it. As an investor, my thought is...do I put $50 in copper pennies or $50 in silver? Check out my video, "How Badly is Sliver being manipulated", and let me know if you would get copper pennies or silver.
Nozacat 3 months ago
Depends if you can actually use the pennies as currency right now. Can you trade pound for pound for a breeder chicken?
People like gold because in a SHTF scenario its even more transportable than silver. If you intend to stay where you are in a real SHTF scenario you want nickels. One shouldn't forget that the US mint changed out their 25% nickel content for 35% silver in war nickels, because nickel was in higher demand and therefore more valuable than silver. Yes, Nickel is king in SHTF
babelfishdude 4 months ago
@babelfishdude Thanks for your response. I totally forgot about the War Nickels. Come to think of it, I haven't seen them being sold in coin stores. You've definitely given me something to think about . Speaking about SHTF, I did a video about SHTF and the value of gold & silver. Let me know what you think. The video is called, "Gold & Silver When the Dollar Goes to Zero." I would put the link, but it won't let me post it.
Nozacat 4 months ago
im glad you woke up hoarding copper pennies is for suckers
saberone000 4 months ago
@saberone000 Thanks for your response. As an investor, I don't like parking my money in something that will take a long time to capitalize on. I did make a case for hoarding copper pennies in another video, but as for me, I'm investing heavily on silver.
Nozacat 4 months ago