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Copper hoarding?
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KurtS
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PostPosted: Fri Apr 04, 2008 12:27 pm Reply with quote

For those of you who search bank boxes, have you noticed a trend towards copper hoarding? The reason I ask--I just went through a whole box and did not find a single pre-'82 copper Lincoln. Confused These must be getting mechanically separated by weight.
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coop
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PostPosted: Fri Apr 04, 2008 4:29 pm Reply with quote

It must be the area. In the last box I got from a Casino, it is about 50% copper. I'm not saving them and sitting on them. As long as you can't melt them (legally), I don't see much use in saving them. JMOHO
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Richard S. Cooper
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Dick
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PostPosted: Fri Apr 04, 2008 6:15 pm Reply with quote

I am in the early stages of my first box of "P", but there is a very few '82's so far. After I finish the box, I'll weight the '82's, and let you know what I find. I have close to a dozen boxes, that are not checked, yet. maybe I should look All are un-opened.
Dick

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KurtS
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PostPosted: Fri Apr 04, 2008 7:13 pm Reply with quote

A dozen boxes? From back east perhaps? Lemme guess...you're looking for a wide AM or two? Laughing

Best of luck! Cool
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Dick
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PostPosted: Sat Apr 05, 2008 2:27 pm Reply with quote

Kurt, sorr to mis-lead you, but I only have three from back east, ione I finished yesterday, and two to go. Not the wide "A-M", in particular, more like just getting some "P"'s to fill some holes! I usually buy a box of cents every time I visit the bank, for what ever reason. Soon I will have to visit my local Coin shiop, for another box of square tubes!
Dick

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coop
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PostPosted: Sat Apr 05, 2008 5:39 pm Reply with quote

Dick: Send me a list of what you need. I may have some in rolls I have here. I've started saving nice AU coins from 2000 back when I find them searching. They are always nice for a hole filler till you get something better. You know the coins I'm taking about: The ones that make your heart race hoping you can find something interesting on them. When you don't, I toss them into a tube and the buggers, I toss back into circualtion rolls.
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Dick
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PostPosted: Sat Apr 05, 2008 6:10 pm Reply with quote

Coop, I appreciate your offer, but I think yo uare in the same canoe as I am: A severe shortage of "P"'s! I did find ONE '60-P in the firast box, and three "S", '70,'72, and '74. also two CAnadian cents:'77, and 87. A lot more "D"'s than I expected, a good 20%. I will go thru the whole-shebang, one of these days, and recycle the bad, and ugly ones. I quit returning boxes to the bank over a year ago, so there are many!
Dick

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coop
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PostPosted: Sat Apr 05, 2008 6:46 pm Reply with quote

Most of those years you mentioned in U.S. Cents. I have BU rolls of. So don't write me off yet.

Anyone find any 2008 Cents? I've found 2-P's and 1-D so far. All three in circulated rolls. I found a good way to bring home money from the casinos. BUY IT! LOL

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eagames
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PostPosted: Sat Apr 05, 2008 7:18 pm Reply with quote

Coop,

Which casino around here will sell cent boxes?

Smile

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gription
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PostPosted: Sat Apr 05, 2008 9:51 pm Reply with quote

i keep em.. i hoard em, i always end up with the copper rolls we get at work..

i'm anticipating the day when they'll be calculated like silver.. X times face. once they're allowed to be melted and the spots come into play it should be worth it i think. might take 10 years or whatever, but it seems inevitable to me.. if the internet existed in 1960 i'm sure there'd be a thread just like this about silver.

i havent picked up a $25 box in awhile, but it wouldn't suprise me to see that things have changed since the last time i got one.. predicting the future is half of what this hobby is all about isn't it?
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Dick
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PostPosted: Sat Apr 05, 2008 11:22 pm Reply with quote

I'll bet I can guess where Coop got his cents. And it wasn't in PHX. Coop I just got another '60-P. Now both my albums are complete. Guess I'll buy some more cent folders. HMMM, I wonder how many I'd have to nuy for all my wheats? The ones I have , have more holes empty, than filled! I was getting more "hiole-fillers" when I was buying bulk lots of 1000, or 1500 centsm and getting ten type coins with them. That was before I got into varieties. Now that I think of it, I'd bwetter find some CAnadian cent folders. I have the same problem: lots of cents, but no place to plug them into, (YET)!
Dick

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coop
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PostPosted: Sun Apr 06, 2008 8:03 am Reply with quote

Ed: When I go out of town, I buy boxes there. Seems like the circulated coin in Phoenix are duds. So I get them from small towns/casinos more because they seem less looked at. I got my $25 worth from a casino in Laughlin, NV. They didn't have them in a box, but in a storage container. In the ones I've gone through so far, I thought they were stored for sometime, but I found 3 2008's so far in them so they couldn't have been stored. But they are shotgun style wraps on them, so I don't know if they have a machine to wrap or they get them from a company. But I've found a couple of wheats so far. Only one so far that is an RPM. A few AU coins that I put back for new collectors to fill their books. 2007-D Cents that are BU that I set back, but they have to be very nice. Seems like Phoenix received very few 2007-D Cents in my area. But just got about 20% so far searched.

Dick: On books to get, I've stopped buying in books. I'm more into storage of coins in rolls/boxes/2X2's/20 pocket three ring binder pages. The ones I have in the whitman books (3 page ones) seem to not store well. If you put coins into them you have to push so hard and they can get fingerprints on one edge and be affected by the holder on the reverse. I did find if you use a tissue to puch them in with that helps keep the findger prints off BU ones. But I prefer to have them in 2X2's as you can store them with the least amount of contact on them. Also I store coins in tubes by year/mint mark/variety (if I have that many)other means of good containment.
I bought a bunch of Canadian Cents that were in the whitman classic folders. They are just Cents that have no ID on them on the album and their was one with Canadian Nickels also with no ID on them. I guess that way you don't have a missing hole. LOL I do have a couple of dansco folders, but they also aren't my favorites any more. The are a hassle to get the coins in and out of. Removing the plastic from both edges, pushing the coin in or out of the holder. I go back and refer to coins from time to time. I'm glad I use the tissue when I touch them other wise the copper would be finger printed. I've heard the plastic slidding across the coin can scratch the higher details, So I've stopped going that route. I buy 2X2's from a coin store locally that have boxes that come with them. The brand is Scott/Western. The boxes may good holders for boxed storage. Another space safer in my book. You just need to organize them so you can label them. (Note to self, this need done again.) When placing 2X2's in a holder I use just one staple, as I might need to remove the staple and look at it again under the scope. I always remove the coins when I photo them as the glare is a problem, but can deal with it if I can't remove it. So what works best for each collector is there thing. That's why they call it: "My Collection".

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Richard S. Cooper
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Ryedale
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PostPosted: Fri Apr 25, 2008 12:04 pm Reply with quote

gription wrote:
i keep em.. i hoard em, i always end up with the copper rolls we get at work..

i'm anticipating the day when they'll be calculated like silver.. X times face. once they're allowed to be melted and the spots come into play it should be worth it i think. might take 10 years or whatever, but it seems inevitable to me.. if the internet existed in 1960 i'm sure there'd be a thread just like this about silver.

i havent picked up a $25 box in awhile, but it wouldn't suprise me to see that things have changed since the last time i got one.. predicting the future is half of what this hobby is all about isn't it?


I'm quite close to the Copper Penny Hoarding activities, in fact I have quite a bit myself. I know of individuals who have hoarded over 5 tons of the coppers, doing exactly as you suggested....speculating on a future rule change, or total elimination of the cent coin. Even with the current rules, the coppers are selling above face and at almost 2 cents each, even Apmex has them for $1.49/roll.
I feel the penny is quite rediculous in our current economic situation, do we really need that much resolution in our currency? Andy

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