PM from NPR about pennys

[OneBiteAtATime]

If the USA stops minting, do you think they will employ a reclaiming program like Canada has? Additionally, do you think they will "lift the melt ban," so to speak? And if those two scenarios play out, do you think there will then be a wider market for them, at a level closer to their spot price?

Yes and no. The almighty government hates competition.

[kiwiman]

I thought the piece was fair and informative enough.

[68Camaro]

Yeah, not a bad segment. I'm amazed that it's news though, and viewed as odd.

[johnbrickner]

If the USA stops minting, do you think they will employ a reclaiming program like Canada has? Additionally, do you think they will "lift the melt ban," so to speak? And if those two scenarios play out, do you think there will then be a wider market for them, at a level closer to their spot price?

maybe, yes, and yes.

[uthminsta]

maybe, yes, and yes.

I bet when they finally stop making them here (probably by the end of the decade), they DON'T do "the program," and they PROBABLY won't lift the ban for some time afterwards. I just have a feeling it will be their way of keeping the public either placated about the change, or - more likely - entirely unaware of the change. Placated because, as they will say, "they are still everywhere, and you can still use them every day."

And if that happens, I say the copper market still develops.

[RichardPenny43]

Too bad they did not mention realcent. Good program though.

I'm glad they didn't mention RC.
Anyone who listened to this with interest will find us, RC doesn't need to be advertised.

[uthminsta]

I'm glad they didn't mention RC. Anyone who listened to this with interest will find us, RC doesn't need to be advertised.

I agree. Hoping that with your avatar, you should get this... Realcent is like Disco Stu.

[RichardPenny43]

Disco Stu doesn't advertise.

disco-stu.jpg (56.96 KiB) Viewed 2330 times

[uthminsta]

BINGO, Poochie!

[Zincanator]

I enjoyed listening to the stories, thanks for posting a link.

[Shazbot57]

Let's check the timeline, shall we?

Viewing profile - zchace
Joined: Mon May 12, 2014 8:45 am
Last visited: Tue May 13, 2014 9:30 am
Total posts: 2

Planet Money Episode 539: What's A Penny Worth? May 16, 2014 9:48 PM ET

Well, that's about the size of it. A gal like her, story investigator / interviewer that she is... I wonder what the chances are, of her actually seeing the value of this copper "mining" endeavor, rather than just putting the time into research, gaining a perfunctory understanding of why some people do it, getting the story done, shrugging and moving on to the next story. I don't mean to disparage her, just know it's very unlikely she will ingest any of the truth or reasoning from what she discovered. Right?

Oh, and for those two big words up there... here you go...
https://www.google.com/search?q=perfunctory
https://www.google.com/search?q=disparage

I don't think we'll hear from her again. She couldn't get anything crazy or sensational so the story is done. Thanks to all for posting the link to her story. I for one am glad she didn't mention RC. Falls into my category of "be careful what you wish for".

[blackrabbit]

Hey this is on the local public radio station right now. Penny roll hunters are famous now even if Realcent is not. Better get while you can!

[Zincanator]

I still think the public at large would be way more enticed by a get-rich-quick scheme and will scoff at the 'labor intensive' efforts required by roll hunting methods. We can just keep capitalizing off others' laziness at present.

[uthminsta]

I still think the public at large would be way more enticed by a get-rich-quick scheme and will scoff at the 'labor intensive' efforts required by roll hunting methods. We can just keep capitalizing off others' laziness at present.

+1. Certainly. Labor intensive is basically what EVERYONE thinks this is, when I explain what it is I do.

[scyther]

I still think the public at large would be way more enticed by a get-rich-quick scheme and will scoff at the 'labor intensive' efforts required by roll hunting methods. We can just keep capitalizing off others' laziness at present.

+1. Certainly. Labor intensive is basically what EVERYONE thinks this is, when I explain what it is I do.

Depends what you consider "labor". Handsorting is very time consuming and not very profitable at the moment (to say the least), but it's not difficult and doesn't really feel like labor.

[kiwiman]

before I bought my ryedale I hand sorted over $600 and found it very relaxing.

[uthminsta]

Right. Agreed 100%. But when I explain it to someone, they never think it's worth it. Because for THEM, it's labor, and doesn't pay off well, and blah blah blah

[Numis Pam]

‘IF’ Zoe is really a good writer, I want to see
RealCent the Novel
Chapter Titles:
Country, the Powers that Be, and the Moderators (an ‘Au’ rock group)
Greshem and the Law
Mr Rydaye
HCBTT – Hoard Copper by the Ton
Henry Smedforth & Son
Is Market Harmony possible?
Why do we all Love/Hate Thogey’s Widow?
Bows and Arrows (Beauanderos) and the Philosopher’s Coin
Adam Youngs, Super Hero
Johnny Flyfish, where are you?
It’s all Good with the ScrapMan
Will Jonas Ever Make it to College?
Shinn-o-suke, is that Japanese for Cu?
Does Barry have the Trots?
TX-Bullion is Black Gold, but the East is Slick
Silver is not an AGgressive Metal
I Pity the Fool that Meets John Doe
Don’t You Want to be a Copper Catcher Too?
Shake, Shake, Shake, Sheikh Yer Bu’Tay
Numis Pam & Red Rock Girl, Sister Act

Sweet! But I guess she wasn't very inspired huh?? ...

[John_doe]

‘IF’ Zoe is really a good writer, I want to see
RealCent the Novel
Chapter Titles:
Country, the Powers that Be, and the Moderators (an ‘Au’ rock group)
Greshem and the Law
Mr Rydaye
HCBTT – Hoard Copper by the Ton
Henry Smedforth & Son
Is Market Harmony possible?
Why do we all Love/Hate Thogey’s Widow?
Bows and Arrows (Beauanderos) and the Philosopher’s Coin
Adam Youngs, Super Hero
Johnny Flyfish, where are you?
It’s all Good with the ScrapMan
Will Jonas Ever Make it to College?
Shinn-o-suke, is that Japanese for Cu?
Does Barry have the Trots?
TX-Bullion is Black Gold, but the East is Slick
Silver is not an AGgressive Metal
I Pity the Fool that Meets John Doe
Don’t You Want to be a Copper Catcher Too?
Shake, Shake, Shake, Sheikh Yer Bu’Tay
Numis Pam & Red Rock Girl, Sister Act

Sweet! But I guess she wasn't very inspired huh?? ...

I pity any fool that wants to meet me.