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Re: Copper pennies and nickles as a store of value [Re: PatrickKn]
    #27696131 -

PatrickKn said:
Crisp, uncirculated $100 bills usually bump up in price pretty decently after a few years on eBay.



true but selling anything over $20 on ebay can be risky...


ESPECIALLY actual $100 bills.

Ebays policies are trash when it comes to protecting the seller.

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Re: Copper pennies and nickles as a store of value [Re: badchad]
    #27696132 -

badchad said:
If you had hoarded pennies for the last 5 years, you're losing money.



How so? Copper has gone up and is at record highs.. Also, a penny is still worth a penny so no money is lost even IF copper tanks in price

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Re: Copper pennies and nickles as a store of value [Re: Fiery]
    #27696193 -

Fiery said:
badchad said:
If you had hoarded pennies for the last 5 years, you're losing money.



How so? Copper has gone up and is at record highs.. Also, a penny is still worth a penny so no money is lost even IF copper tanks in price


I stand corrected and (apparently) I was looking at the wrong kitco chart.  In the discussion of precious metals, I think its important people are aware that prices/value fluctuate like other commodities.  For example, it looks like copper is at the same levels it was ~2011.


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

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