Copper Penny Hoarding Is Not Copper Bullion Investing



Do you have coin roll hunting questions? Visit our website: http://www.canadacoinhunting.blogspot.com In this video, I try to differentiate copper penny hoarding from copper bullion investing. Focusing on the staggering differences in the potential return of the two different products and the amount of "bang for your buck" you get for each product, as well as hopefully pointing out how powerful of a potential asset copper pennies can be, I try to explain why we keep copper penny hoarding separate from copper bullion investing. As I mention in the video as well, there are lots of reasons to purchase different products and there is no guarantee that copper pennies will sell for their copper value presently or in the future, so always remember to do your own research for your best purchases and there is certainly no harm in buying what you enjoy and appreciate. As always, we would love to hear your comments and opinions on this topic in the comment section below.

Comments

  1. copper is great but you have to be smart. I collect copper but I get it for free through scrapping then smelt it into bars it's not really that hard to do.
  2. On APMEX, they have 1 ounce copper rounds for 99 Cents! Which is a better deal, maybe onlty like 50 cents over melt, but a better deal. I have two 50 CAL. Ammo boxes full now of the copper cents all 1981 and older as well as a number of Half pound and pound copper bars. Even a KILO Bar, which is pretty hefty and cool.
  3. go to a scrap yard and ask to buy copper piping
  4. Appreciate the info!!!
  5. Great analysis, but trying to cull the copper pennies from the clad is such a pain in the ass!!! Is there anyway to do this more quickly and efficiently than just scanning (eyeballing) them  individually???
  6. I did a little experiment a few months back. I got about $50 in wrapped change from the bank but no pennies. There was very little in there worth taking. I believe the bank probably runs the change through a machine to pull out anything with metal value. The best way to do this sort of thing is try and hook up with someone who empties vending machines or takes the change from a supermarket. I am going to try the same experiment with pennies. I saw another video where the author suggested even our normal junk metal change might be better to have than paper. Its NOT Federal Reserve and he felt it would hold up better if devaluation takes place. Worth considering.
  7. JM Bullion and Provident have the copper rounds for .99 each. Still not a good price. I bought a few speculating on the novelty value. Less than $20 worth.
  8. Thanks for the breakdown!
  9. like the 10 lb bar!
  10. I don't understand copper penny hoarding. It's illegal to melt down U.S coins, so you're never going to be able to sell them for industrial use. Who are you going to sell them to?
  11. Informative Vid CanadaCoinHunting!
    Thanks for taking the time calculating.
    Cheers.
    :)
    'Liked'
  12. I think copper bullion would be a good idea if the copper pennies are gone from circulation and you did not want to hoard scrap. I actually bought my first copper round for $5. I had a gift certificate so I wanted one to hold and compare. Its beautiful, I can feel the weight, nearly pure, I think its something I would buy more of if I could not get pennies. Also the rounds have a seperate value other than copper so just calling copper bullion just copper is not right.
  13. SHARED TO GOOGLE+
  14. I don't mean to laugh or be rude, but those on YT that have videos on their copper "bullion" are fools. Ok its cool and neat to see copper rounds and bars, but getting pennies from the bank is the ONLY way to go. You're getting copper for 0.01c FV and can be returned back at the bank for 0.01c thus breaking even. 
  15. Great video, I enjoyed it a ton!! Keep stacking hard!!!
  16. FYI, I looked into this a while ago, the copper melt value is based on buying a giant industrial sized shipment.  If you wanna buy like 10 tons of copper bullion you can get it for spot.
  17. why the hell does the US spend more on pennies then what they're face value is? It doesn't make sense
  18. Why would you need to melt them down? Copper is copper.
    The cost of melting would be higher then the returns in product.
    You would need tuns of copper to make any money.
    Transporting that much weight would be a cost factor.
    How will they sort through that many pennies to make sure there all copper pennies?
    Banks charge for coin dumping, adding to the overall cost.

    End result, your working for pennies. 
  19. Excellent video.
  20. Very thoughtfull vid. I think that not too many people look at it that way. Smart!


Additional Information:

Visibility: 12761

Duration: 8m 44s

Rating: 117