shinnosuke wrote:Shall we, we mere mortals, yet be declared genius for our piles of copper?
Here's your life hack of the day:
There's a lot of copper swinging around in those Tesla charging stations. Please note that I am not recommending or suggesting or encouraging any of you break the law of the land nor this critical law: Thou shalt not steal. I'm just saying that if you drive a Tesla, you might pull into a non-functioning charging station someday when your last lithium fumes are wafting away.
https://www.zerohedge.com/commodities/c ... rices-soar
JerrySpringer wrote:I really hope some finfluencer does not get on the horn and yab about how the non-zinc Lincoln cents are now worth $0.03 in copper. All it takes for banks to cut us off is a bunch of people to start going into banks constantly asking for the pennies. NAJ.
CRH'ing cents and nickels is a hobby for me and a bit of a way to stack some metal other than silver or gold which, at this point, I would rather play the ETF versions (PSLV, GLD, etc) on than pay the physical premiums. I've about given up on dimes and half dollars CRH'ing. Luckily the few half dollars I buy from banks that are typically non-Ag I can readily spend at the grocery self-serve cash checkout lane.
DC_Penny_Guy wrote:Well, it's back down to $4.92, so....
JerrySpringer wrote:Saw this today:
https://www.msn.com/en-us/autos/news/el ... f335&ei=14
At what point will copper prices get high enough that inevitably the black market will start taking in copper cents to melt? I know it is a federal crime and all that, but the risk/reward ratios for crime are all over the place for any larceny or property related criminal activity. This being government property apparently as far as the 1 cent coin goes might not mean jack if a criminal ring gets into it. I am being half-serious, but all the copper thefts and catalytic converter thefts still go on. Like those elaborate grifts to scam systems with inside information, I'd not be surprised if a long scheme is possible to take in the copper cents and melt them with regular scrap copper as long as they can cover their tracks. We should have a national registry of Ryedales for this now.
Silver4face wrote:JerrySpringer wrote:I really hope some finfluencer does not get on the horn and yab about how the non-zinc Lincoln cents are now worth $0.03 in copper. All it takes for banks to cut us off is a bunch of people to start going into banks constantly asking for the pennies. NAJ.
CRH'ing cents and nickels is a hobby for me and a bit of a way to stack some metal other than silver or gold which, at this point, I would rather play the ETF versions (PSLV, GLD, etc) on than pay the physical premiums. I've about given up on dimes and half dollars CRH'ing. Luckily the few half dollars I buy from banks that are typically non-Ag I can readily spend at the grocery self-serve cash checkout lane.
Good post Springer, but if you are worried about banks cutting us off, then buy rolls NOW!!!! Stop at every bank you see. Buy rolls even if you don't have time to open them. You will eventually have time.
TXSTARFIRE wrote:Wouldnt inflation make copper cents worth more?
Silver4face wrote:I just checked, copper is down to $4.64. That's still pretty good, but $5 cu might be difficult to reach. Every time we get close, it gets smashed down. Sort of like silver and gold.
Recyclersteve wrote:The average person can’t afford to have rolls of unsearched coins sitting around for years because inflation makes them worth less each year.
TXSTARFIRE wrote:Wouldnt inflation make copper cents worth more?
texcollex wrote:I occasionally watch a YouTuber who is miner (Dan Hurd). He recently posted a video about how he is now purchasing small copper claims, because all of the big copper lines have exhausted their most reliable mining areas. He quoted about the huge increase in demand for copper that continues in the electronics industry.
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