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What are People Paying for Common Dt. Copper Cents?
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What are People Paying for Common Dt. Copper Cents?
by Recyclersteve » Wed Oct 15, 2025 3:23 pm
What are People Paying for Common Dt. Copper Cents? I don’t want to sell anything right now and have to do shipping and, yes, I will call local dealers. But I’m curious if there are any places around the country where perhaps there is more demand and the price is better…
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: What are People Paying for Common Dt. Copper Cents?
by Recyclersteve » Wed Oct 15, 2025 3:57 pm
I called 4 dealers in my general area (I’ll keep the location confidential) and found very little to no appetite for copper cents. One dealer wouldn’t even buy wheat cents for anything above face!
The most I was offered for wheaties was 2-2 1/2 cents each. Ouch!
The most I was offered for wheaties was 2-2 1/2 cents each. Ouch!
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: What are People Paying for Common Dt. Copper Cents?
by Doctor Steuss » Wed Oct 15, 2025 4:22 pm
Recyclersteve wrote:I called 4 dealers in my general area (I’ll keep the location confidential) and found very little to no appetite for copper cents. One dealer wouldn’t even buy wheat cents for anything above face!
The most I was offered for wheaties was 2-2 1/2 cents each. Ouch!
Out of curiosity, I called the largest shop in my area.
They won't buy bulk wheats right now (they said they currently use wheats to give customer's change). They also aren't buying any sovereign silver, other than Eagles. They are currently selling 90% at spot (no premium), and most sovereigns at $1 over spot.
I'm guessing shops might be getting flooded with people selling, and not much in the way of people buying.
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Re: What are People Paying for Common Dt. Copper Cents?
by wheeler_dealer » Thu Oct 16, 2025 6:31 pm
No one wants pennies anymore
Last edited by wheeler_dealer on Mon Oct 20, 2025 7:45 am, edited 1 time in total.
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Re: What are People Paying for Common Dt. Copper Cents?
by Recyclersteve » Fri Oct 17, 2025 10:56 pm
wheeler_dealer wrote:I called a local dealer yesterday who told me he will only buy $10.00 face at a time at 34 times face. I would imagine there's more sellers than buyers at this price point. Im hearing the price is being driven by overseas buying.
I think you’re talking about silver. This thread is about copper.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
- Recyclersteve
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Re: What are People Paying for Common Dt. Copper Cents?
by wheeler_dealer » Mon Oct 20, 2025 7:46 am
I corrected it. Thanks
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Re: What are People Paying for Common Dt. Copper Cents?
by Silver4face » Mon Oct 20, 2025 8:10 am
wheeler_dealer wrote:No one wants pennies anymore
Not entirely true. I sell wheat PENNIES on a regular basis. And I assure you that these people are not buying them for the copper content.
Buy rolls NOW while you still can!
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Re: What are People Paying for Common Dt. Copper Cents?
by shinnosuke » Wed Oct 22, 2025 4:15 am
The great Yogi Berra once said, “Nobody goes to that restaurant anymore. It’s too crowded .”
If you want some free Bitcoin, I can show you how to get it.
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