Where are we at in Copper penny price?

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Where are we at in Copper penny price?

Postby wagsthadog » Sat Feb 11, 2012 12:12 am

Hi all-

It seems that most of the guys on the forum that started sorting pennies from like 2008 or earlier seem to be grandfathered in to their banks and can get cents pretty regularly, but some of the new guys on the forum, from reading the posts at least, seem to be having a hellova time getting in on the penny biz due to fees and b*tchy tellers. SO, it would seem that getting significant amounts of pennies to sort at face is becoming a greater challenge...?

That said, what are coppers going for face now? I know 1.3-1.4 x is about common, are we cracking 1.5 or 1.6 yet? I won't lie I may take some profits around 2xface...

Highroller, what are you seeing in the big time trends??

Thanks, wags
User avatar
wagsthadog
1000+ Penny Miser Member
 
Posts: 1040
Joined: Wed May 14, 2008 10:00 am
Location: Illinois

Re: Where are we at in Copper penny price?

Postby everything » Sat Feb 11, 2012 3:20 am

Copper itself is doing great. Here is a very recent story that tells little, but gives a possible hint of what is to come. When is the drought in metals equities going to end, will it all keep following the money supply?

http://www.businessweek.com/news/2012-0 ... -says.html

I thought someone had a graph going of the ebay sales.
everything
Penny Hoarding Member
 
Posts: 817
Joined: Wed Oct 12, 2011 11:43 pm
Location: Central Wisconsin

Re: Where are we at in Copper penny price?

Postby cupronickel » Sat Feb 11, 2012 10:42 am

1.58 with shipping included
cupronickel
Penny Pincher Member
 
Posts: 181
Joined: Thu Jul 21, 2011 8:53 pm

Re: Where are we at in Copper penny price?

Postby misteroman » Sat Feb 11, 2012 10:47 am

lots of people buying at 1.4 which seems fairly common now. think we're a loooong way from 2x being common. once it gets around 1.7-1.8 ur going to see ALOT coming out!!!
misteroman
Too Busy Posting to Hoard Anything Else
 
Posts: 4333
Joined: Sun Feb 17, 2008 10:00 am
Location: WNY

Re: Where are we at in Copper penny price?

Postby hobo finds » Sat Feb 11, 2012 10:56 am

hobo finds
Too Busy Posting to Hoard Anything Else
 
Posts: 5953
Joined: Mon Dec 29, 2008 3:00 pm
Location: Tucson


Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: No registered users and 43 guests