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#41
08-28-2007, 11:03 AM
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Re: how likely is a run on the banks?
You can not collect copper pennies for 'profit.'
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#42
08-28-2007, 03:36 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
You can not collect copper pennies for 'profit.' [/ QUOTE ] Incorrect.......there are individuals paying at least $65 for every $50 bag of pre-1982 copper pennies.
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#44
08-28-2007, 04:01 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
lol... and please calculate inflation from pre-1982 to now. Then tell me if holding bags of pennies from pre-1982 to now would yield a positive return. [/ QUOTE ] HUH?? Who said anything about holding them for 20+ years???? A normal roll of pennies from most banks in this country will contain roughly 15-20% of pre-1982 pennies. Obviously it would take mucho time to sort through the rolls before coming up with $50 of pre-82's, but to say it is not profitable to collect these is incorrect. By the way, there are machines available on Ebay that will automatically sort the pre-82 coppers for you.
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#45
08-28-2007, 05:19 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
You can not collect copper pennies for 'profit.' [/ QUOTE ] is it illegal? b/c it seems people are willing to pay more than the value of the pennies. if somebody is willing to buy for more than it costs me to collect, sounds like a profit opportunity...though not a big one. Barron PS: i think it is illegal though to melt copper pennies right? i dunno about this htough
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