Guaranteed Coin Investment

DonWillis · May 15, 2011 7:06AM

What if someone offered an investment in coins that guaranteed you wouldn't lose a cent and promised that you could potentially double your money within one year?

Would you do it?

How much would you invest?

coinlieutenant · May 15, 2011 7:07AM

Oooh!!! A coin annuity tied to pickled pig feet derivatives backed by the full faith and trust of the government! I'm in!

erickso1 · May 15, 2011 7:08AM

I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed.

Zoins · May 15, 2011 7:11AM

How much could I invest?

LeeBone · May 15, 2011 7:12AM

Why, wadda ya got?

dogwood · May 15, 2011 7:13AM

"...potentially..."

Nada.

magikbilly · May 15, 2011 7:13AM

I'd rather invest in uh...opinions of opinions.

Eric

scotty1419 · May 15, 2011 7:14AM

<< I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed. >>

I'm with him.

ricko · May 15, 2011 7:15AM

It would be very tempting, however, the devil - as they say - is in the details. Certainly something of this nature would require a large investment, and the market for such activity would be somewhat limited. I have no doubt there would be those who would jump at the chance. Cheers, RickO

ambro51 · May 15, 2011 7:15AM

Yes. I do that a lot.

I get a copper cent in change for One cent..

and its worth 2 in copper.

In one year, I can melt it..and double my money.

Aegis3 · May 15, 2011 7:16AM

I'd think "Ponzi" and run away.

Mar327 · May 15, 2011 7:17AM

<< 

<< I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed. >>

I'm with him. >>

I'm with them, I don't believe anything is guaranteed but taxes and death. Wishful thinking, however.

Bear · May 15, 2011 7:18AM

The best way I know of doubling your money , is to take

it out of your pocket, fold it in half and put it back in your

pocket.

erickso1 · May 15, 2011 7:18AM

<< Yes. I do that a lot.

I get a copper cent in change for One cent..

and its worth 2 in copper.

In one year, I can melt it..and double my money. >>

American financial system collapses in 6 months. US monetary system is thrown out. Your penny is worth value in copper.

But copper was just found to be radioactive and cause cancer. Now you owe money to dispose of the copper.

JamesMurray · May 15, 2011 7:19AM

<< I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed. >>

The OP didnt mention a guarenteed return , only a guarentee you won't lose a cent.The return is potential only.

Rampage · May 15, 2011 7:20AM

That would not be considered an investment in my opinion. I agree that it sounds more like a Bernie Madoff-type scheme and would politely decline the offer.

Swampboy · May 15, 2011 7:23AM

I'm in for twenty bucks.
Same as I bet in Vegas on the Ms to take the AL pennant.

291fifth · May 15, 2011 7:24AM

Run for the door. Scam alert!

erickso1 · May 15, 2011 7:26AM

<< 

<< I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed. >>

The OP didnt mention a guarenteed return , only a guarentee you won't lose a cent.The return is potential only. >>

Second sign of a bad investment is a guaranteed return of capital.

Nothing in investing is guaranteed 100%, including the return of 100% of your capital.

Obiwancanoli · May 15, 2011 7:28AM

If it's being offered by Don Willis, my heart, soul, retirement plan - and inheritance.

derryb · May 15, 2011 7:29AM

Will it improve my grades?

DonWillis · May 15, 2011 7:29AM

ambro51 already got it.......

------------------------------------------------

All US cents minted prior to 1982 have a copper value of $0.026.

Copper cent melt value

Not too many people are talking about this and it is illegial (today) to melt them. But they are selling on ebay.

So all you have to do is pull the cents out of your pocket and throw them in a bucket until you have enough to sell. You can potentially double your money. Or, if you change your mind you still haven't lost a cent!

blu62vette · May 15, 2011 7:29AM

First inclination, run.

Second thought would be, who is offering it just to see if there is any chance of reputability. Once that part fails I keep running.

JamesM · May 15, 2011 7:30AM

Big question is what coins we are talking about.

ambro51 · May 15, 2011 7:30AM

DorkGirl · May 15, 2011 7:34AM

<< First inclination, run.

Second thought would be, who is offering it just to see if there is any chance of reputability. Once that part fails I keep running. >>

That's my thought too, but then the copper thingy just dawned on me.......

astrorat · May 15, 2011 7:49AM

Two responses:

1. If the doubling is guaranteed, I will invest $10,000. Since the return in guaranteed, please give my my $20,000 now and I'll leave you alone at the end of the year.

2. If the doubling is guaranteed, why in the world would that information be shared unless it was a scam. One hundred percent return in a year in this economy is to die for ... or to go to jail for.

GRANDAM · May 15, 2011 7:53AM

But it is illegal to melt copper cents and I would go to jail.

jessewvu · May 15, 2011 8:00AM

Not everyone in the world is all about themselves, some people actually look to help others out. I tell a lot of folks to buy stuff from the US Mint if I think it's going to sell out and they could make a profit. I don't get a cent but am glad to see others make some $. There are two astronauts in training right now that I've done the very thing for. One of them has offered to take a coin up into space if he gets selected to go.

Don, to answer your question, I would invest as much as I possibly could without spending more than I could afford to lose.

seateddime · May 15, 2011 8:04AM

Depends on the person/company.

If it was legit I could raise 100m

DonWillis · May 15, 2011 8:09AM

The OP states:

guaranteed you wouldn't lose a cent

I didn't say you were guaranteed to double your money. But I did say you are guaranteed not to lose.

you could potentially double your money

With the copper value already 2.6 X the face value it's not hard to imagine making 100% profit on your investment. Sales on ebay look to being running 1.8 to 2 times face already. Of course it is against the law to melt the pennies. They are being sold as investments.

tahoe98 · May 15, 2011 8:13AM

<< The best way I know of doubling your money , is to take

it out of your pocket, fold it in half and put it back in your

pocket. >>

...

astrorat · May 15, 2011 8:18AM

<< The OP states:

guaranteed you wouldn't lose a cent

I didn't say you were guaranteed to double your money. But I did say you are guaranteed not to lose.

you could potentially double your money

With the copper value already 2.6 X the face value it's not hard to imagine making 100% profit on your investment. Sales on ebay look to being running 1.8 to 2 times face already. Of course it is against the law to melt the pennies. They are being sold as investments. >>

Boooo! Hisssss!

coinsarefun · May 15, 2011 8:30AM

<< The best way I know of doubling your money , is to take

it out of your pocket, fold it in half and put it back in your

pocket. >>

I vote bear for:
Best thought on the boards this year

LindeDad · May 15, 2011 8:34AM

But it gets to be a lot of penny pinching to make a buck or two.....

kaz · May 15, 2011 8:44AM

Let's say I accrued 5 million copper cents-- how much would that weigh? How much space would it take up? Doubling your money is one thing, but if you need an earthmover to haul it around...

MICHAELDIXON · May 15, 2011 8:52AM

I'd mortgage the farm and bet...I mean...invest it all!

AUandAG · May 15, 2011 8:54AM

My ebay fees would quickly gobble up those profits! Shipping copper bars (or cents) is not
cheap either. Is there really a nice profit to make and where can you buy refined copper at
that price?
bob

Perhaps I could go into the business of making copper bars. I've thought about this an actually
inquired locally about raw .999 copper and found it not available at reasonable prices. Anything
less than triple 9 is not usable in electrical circuits. No impurities is a must.

seateddime · May 15, 2011 9:57AM

<< ambro51 already got it.......

------------------------------------------------

All US cents minted prior to 1982 have a copper value of $0.026.

Copper cent melt value

Not too many people are talking about this and it is illegial (today) to melt them. But they are selling on ebay.

So all you have to do is pull the cents out of your pocket and throw them in a bucket until you have enough to sell. You can potentially double your money. Or, if you change your mind you still haven't lost a cent!

>>

I will take this one step further. I have been doing this for years just for fun. I also had been buying $1000 a month in half dollar boxes and pulled a ton of silver, proofs, 2003-2008's, varieties and better dates - it has been a lot of fun but now the catch.

The work it takes to redeem these coins is a lot. You can pay 5-10% at the banks to count them for you but rolling them takes time so if you don't want to have a garbage can with 10,000 coins you need more than weekend to count and roll or give up $500 think about that side of it too before you run to the bank. PS- I have lots of $500 in halves for sale at face.

Constantine · May 15, 2011 10:11AM

I have been saving copper cents for a couple years now and have 50 pounds. Nice thing too is that it weighs down the safe! I figure that I missed out on the generation able to pluck wheaties and so this is my opportunity to have some fun as well and like it has been said, it is doubling your money copper bullion wise. So there is really nothing to loose except storage and the time value of money. But copper may keep up with inflation, you never know.

yellowkid · May 15, 2011 10:14AM

<< I would invest 0.

First sign of a bad investment is a guaranteed return.

Nothing in investing is guaranteed. >>

BillJones · May 15, 2011 10:18AM

<< What if someone offered an investment in coins that guaranteed you wouldn't lose a cent and promised that you could potentially double your money within one year?

Would you do it?

How much would you invest? >>

I'd file it under,"This is a load of #$%@^%&." I buy coins that give me enjoyment. I've been a collector since 1960, and if you want a guranteed income, go look for an FDIC insured savings account.

MercCrazy · May 15, 2011 10:26AM

I just sold $600 face value copper cents on ebay for $185 shipped per $100FV lot.

After fees, I profited about $50 per lot. And I already have another $200 ready to go.

Strongly considering buying a Ryedale...

johnny9434 · May 16, 2011 4:21AM

<< Run for the door. Scam alert! >>

i was wondering why john ponzi came to mind

Ahrensdad · May 16, 2011 4:33AM

This sounds like the type of come on that one would expect from a scammer, so I would likely not invest. Nothing in life is guaranteed, and as HRH has been quoted here saying, there is no santa claus in numismatics.

PS: Just to add Don, I'm not implying you're a scammer.

Ahrensdad · May 16, 2011 4:38AM

Very interesting post. Kind of fun.

Sonorandesertrat · May 16, 2011 4:42AM

Pass---sounds too much like a scam. The word 'potentially' has no real value, and a guarantee that no loss will occur is only as good as the company making it.

bestmr · May 16, 2011 4:42AM

I do that. It gives me something to do and I can find some wheaties now and then. However, an even better alternative, for those that live up north, would be Canadian nickles dated 1955-1981. Worth just under 11 cents atm