Stacking #1 Copper as a Precious Metal Investment - Page 2

dont forget about 1942-1945 silver nickels as a possibility to find
you can tell the differance between 42 cupro-nickel and the silver 42 by the large mintmark above monticelo on the reverse

Bump

Please don't burst my bubble as it's fragile and imaginary.

May the farce be with you,

and as always, Wednesday is double coupon day.

I thought I'd add my two cents. First, copper ISN'T a precious metal- it is a base metal as are nickel, aluminum and zinc.

One thing I like about copper pennies is actually something that others might consider a negative. A full coffee can might have, say, 3,000 to 3,500 copper cents in it. At around 2.5 cents each, let's just say the can is currently worth about $80 or so. I purposely keep some in my house as a decoy. If I was a victim of a home invasion, I'd show the very heavy cans with just pennies to the armed invader and tell him he can take them. Chances are that he'd want something lighter that didn't take up so much space.

I personally like nickel even better than copper, and my favorite type of nickel is Canadian .999 nickels, which were made thru 1981 (with the exception of a few years such as war years). There are other countries such as France and South Africa which have had nickel coins as well. I don't care for U.S. nickels, regardless of melt value, because they are only 25% nickel. I once had something like $1,800 in U.S. nickels that I just cashed in at the bank as I lost patience with them as a decent investment, even over the long-term.

As electric vehicles are purchased in larger and larger quantities, the need for nickel should go up sharply. Even Elon Musk of Tesla has openly said he needs a LOT MORE NICKEL!

Regarding silver and gold, I personally like silver better as there is a lot of counterfeit gold out there, even in fake slabs, which is really disappointing. How do you test a coin in a slab without cracking open the slab? With silver I can do the drop test and hear the sound of silver. I can even hear the difference between 40% and 90% silver halves. By the way, of all types of silver, I like halves the best. Dimes can get bent fairly easily and are just too small to deal with IMHO. Also, it is a bit difficult to hear a dime when you drop it, unless it is very quiet and you have really good hearing. Another thing about halves- there are fewer coins to count for when you are selling, say, several thousand dollars of silver to someone. If I had dimes and quarters of any real quantity, I'd trade them for halves in a heartbeat. Silver dollars are nice, but I don't want to pay a big premium over melt value for something because it is popular (like Morgan dollars).

So there is my two cents about base and precious metals.

Oh yeah, I scrap copper wire a decent amount and don't mind having some of it in buckets in my back yard. Again, this can be used as a decoy in case someone who thinks I am rich tries to rob me. I'd just show them all the scraps in my backyard and watch them quietly say "Next" as they walk off.