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Is anybody hoarding and/or melting pre-1982 cents for their copper content, or five cent pieces?

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  • BillJonesBillJones Posts: 34,839 ✭✭✭✭✭

    I saw long ago that even investing in silver involved a lot in either storage fees or theft risks. Silver takes up a lot of space relative its value when you compare it to gold, diamonds or platinum. You can fill up a safe deposit box with silver and have a small fortune, but certainly not a large fortune. With copper or bronze, the situation is far worse. It takes a lot pennies for it amount to anything. I can't see where hoarding copper cents will amount to much.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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