With the possibility of a host of new hoarders chasing a shrinking amount of copper pennies in circulation, we may have to start looking at some of the rounds and bars that some of swore we would not buy. I went to my LCS yesterday to pick up my usual two bags of pennies to sort. He sorts change the public brings in for 8%. He searches the halves, quarters and dimes before bringing them to his dump bank. However, he simply counts and bags the pennies in the plastic bags in $50.00 increments. Well, I walk into the store and he starts grinning from ear to ear pointing at one of his cases. I get closer and notice it is full of copper rounds and bars. The pennies are the only copper of non-numismatic value he has ever sold there. The sizes vary from 1/4 oz rounds at 75 cents to kilo bars for $22.50. I started saving my pennies several years ago before I was lucky enough to find this website. My question is whether or not to take a chance and keep sorting pennies from circulation until the numbers drop too low to be feasible or to pay the prices of the rounds and bars now before the price rises. I'm leaning towards doing both by sorting as much as I ever have in pennies and turning some of my zincs into 1/2 ounce and one ounce rounds. If this helps, I never pay taxes on my total and there are never any receipts even for my gold purchases. Just looking for a little advice. Thanks in advance for the great advice this place site is known for.
Geaux Tigahs! Beat Bama!