Why would you pay that much?!!!

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

Why would you pay that much?!!!

Postby Shifty51 » Fri Jun 15, 2012 9:42 am

I have recently become aware that people are buying sealed $25 boxes of pennies on Ebay for around and often over $25 + $15.95 S&H...Why would anyone pay that much for something you can get for free? Getting pennies is the easy part...
He who does not respect the penny is not worthy of the dollar
User avatar
Shifty51
Penny Sorter Member
 
Posts: 95
Joined: Mon Dec 05, 2011 10:42 am

Re: Why would you pay that much?!!!

Postby ZenOps » Fri Jun 15, 2012 9:58 am

Might not be a US customer.

A Euro 10 cent piece which costs about 13 cents US to acquire, only has 3.65 grams worth of copper (and some aluminum and zinc)

Which makes a US or Canadian copper penny an extreme bargain by a factor of 10x, even with shipping.
Beaver collector
User avatar
ZenOps
Penny Collector Member
 
Posts: 402
Joined: Sat Sep 10, 2011 7:00 pm

Re: Why would you pay that much?!!!

Postby creshka46 » Fri Jun 15, 2012 10:54 am

ZenOps wrote:Might not be a US customer.

A Euro 10 cent piece which costs about 13 cents US to acquire, only has 3.65 grams worth of copper (and some aluminum and zinc)

Which makes a US or Canadian copper penny an extreme bargain by a factor of 10x, even with shipping.



But you can't export pennies in bulk like that... Can you?
Pennies: $4200 - (0) indians - (5)steel - (1) George V Canadian
Nickels: $6500 - (62)war - (23)buf - (1)V nic - (4) key date jeff's
Dimes: $5000 - (24)roos - (2)merc - (2)AgCAN
Halves: $8000 - (7)'64 - (33)40% - (1)walker
User avatar
creshka46
Penny Hoarding Member
 
Posts: 724
Joined: Wed Jun 01, 2011 6:19 pm
Location: Spokane, WA

Re: Why would you pay that much?!!!

Postby ZenOps » Fri Jun 15, 2012 11:34 am

For commerce there is a $5 limit, for "numismatic" purposes $100.

So one box of nickels or four boxes of pennies at a time. Its worthy to note that the maximum export on US pennies was $1 from 1972 to 1974 (copper shortage years)
Beaver collector
User avatar
ZenOps
Penny Collector Member
 
Posts: 402
Joined: Sat Sep 10, 2011 7:00 pm


Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: No registered users and 110 guests