I know I'm usually going on about silver stacking, but there's also a select few real weirdos who also stack base metals.
I'm sure a lot of silver stackers were called weirdos in the 60s when silver was still in the circulating coins. People realized the value of the silver was higher then the facevalue of the coins.
Well the same thing has happened with nickels and pennies. The government realized it early and has been making them out of cheaper alloys for quite a few years now and here in Canada they stopped making them all together in 2012.
So what's a coin collector/ precious metals stacker to do?
Stockpile!
For a couple years I made it my mission to buy every single penny I could find, with a special focus on sealed bank rolls.
I would contact charities with penny drives and he classified adds. Your be surprised how many people have penny jars or huge tubs that they don't want to worry about rolling and are willing to sell them by weight.
It's amazing how quickly you can amass quite a horde. I've since stopped feeling that I have more than enough now and quickly ran out of room to store them all.
Just a warning, if you have trouble convincing your wife the value of silver, it's even worse with copper... 😂
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I have suggested holding copper like silver and gold, though I do feel that although their value will increase against the US dollar over time that these metals should be in products since that is where they have the most utility. I had imagined using their weight as a method of energy storage via gravitation. Though I would love to implement a more complex gravitationally augmented electrochemical energy storage, a generator, strings, and pulleys would add utility to your stockpile while you wait for their solid state value to rise.
I don't even know what all the means, but sounds like I'm doing something right.
I never find coins with silver in them (except for very rarely a WW II era nickel) but I frequently find copper pennies (pre-1982 here in the U.S.) and I always keep them. They are currently worth something like 2.5 times face value. Still not much but who knows what the future will bring. Copper is another one of those very useful metals after all.
It certainly does hurt to tuck a bit away, it really is free money if your getting them for $0.01
Well I can't say I have that many pennies but I did keep them once they announced they were phasing them out, especially the ones with mainly copper, I also strip it from burned out electronic power cords, nothing hardcore tho. They did have a copper shortage in the USA during ww2. As a welder I see the value in nickel because of it's alloying qualities and more and more heavy industrial applications in oil refining require stainless steel and nickel alloys equipment so I keep the small change with the dates that used mainly nickel. I guess i'm an odd ball like that.
I think there's a few of us, also storing some base metals as well. I do have all the old wire and copper pipes that we removed from my house during renovations as well.
Might seem a little crazy now but in potential TEOTWAWKI long-term environment, copper would come in handy for small transactions. A silver dime might have significant value, too much for some transactions.
In the U.S pennies have been basically zinc for decades, time consuming to search through. But nickels are still made of copper, nickel, and manganese.
They actually switched our nickles earlier in 1983, but pennies were still copper till in mid 90's. I do also tuck away the early nickles, but not to the same extent.
Wow! You would need a special fortification for all those stacked metals at the end I guess
Yeah, it does get hard storing them all safely and smartly
Dude. I had a huge stack of pennies at one time! The only thing with copper is the space it takes up if you don’t have a lot! The US stopped with copper I think in like 1982!
Your copper stack is massive!
It's definitely a bit excessive. I should really consider parting with some of it.
You never know!! It may come in handy some day! ;)
I have now a serious problem finding places to stack my silver. They occupy too much space...Three months ago I bought some copper rounds and casually showed them to my daughter in Canada. The reaction was fast and strong : You are taking these to Brazil. I have no place for more silver, so there is no place for copper. Why don't you stack only gold ? That's life. You can get rid of a wife but you can't get rid of a daughter...
Yeah, gold does take up much less room that all this copper...lol.
I was thinking doing the same when copper hit 1.29 in 2016 (for the simple reason that below 1.5$ it's undervalued).
After doing some conclusive research I came to the conclusion fuck that shit there is no way I have enough space to store any of it....
I just did some calculation right now so stay with me brother.
So you could double your investment everyday, considering that you could sell copper and change penny all day, based on those numbers, but the practicality of this system would need further work... :P
Yeah, you get alot of the zinc and never pennies as well, which you then need to sort and return or discard. which would limit the utility of this plan, but otherwise your exactly on the right track.
I had not thought about it but how about doubling your money!!!!
Screenshot from the coin calculator says $1.00 in 1909-1982 US pennies is worth $2.11. Double your money almost instantly! It is illegal to melt these coins in the US but probably not illegal in Canada! Its a rush for the border, bootlegging pennies!
Yeah, it's definitely free money if you can get around the legality of melting them.
Hey sir.... If you are on discord.. Look me up: @em3#7760
I'd like to encourage you and speak about the ssg mess.
Okay, so another option to stacking silver, I don't have a wife though, I only need to convince myself. Thanks for the enlightenment.
Well as you can see from our posts we love copper!!! glad we aren't the only ones! thanks for sharing
Nice stack of copper. I'm with you on saving copper, From pennies to scrap wire, i save it all. I get a lot of copper doing from E scrapping.
Yeah, I've been collecting pre 1982 pennies for years now. Used to see them all the time, but are now getting to be rather scarce. I still sort through them though, hehe.
it's funny, I was just going through my one bag of pre '82 pennies and thinking should I keep them or add. Came to the conclusion, no space but if you had space it could be a good ROI. More people every year, more buildings, pipes, etc ... could be a great long term play ;)
If they are all pre-82.... Keep them. 100% keep them. Unless you are moving 3-5 times in the next 5 years...then the hassle...maybe sell. But at least list on Craigslist or ebay and try to get $10 over face value in profit or 20% if we are talkibg about $100 facevalue or more.
I stacked copper pennies for a while. I probably have 2 or 3 full boxes....about $50-75 worth. But havent sorted any in years. For a while it looked like copper was going to moon. Now I don't know.
:-)
So...Can you melt those coins and make them into badass looking bars? That would be amazing.
I would guess that’s illegal! At least in the US I think it is!
It only became illegal to melt pennies and nickels in 2006 or 2007. Around the same time melt value started to exceed face value (post World War II nickels are back down below face value now I think). Seems like a pretty difficult to enforce law though. At least if you are only doing it on a small scale.
Oh wow! I didn't know that! I should have taken advantage of that and make some cool stuff with pennies! I think its odd those machines that combines quarters and pennies to create one of the stamped flat designs aren't illegal! haha
Some people do melt them, but yes it is illegal.