Copper Pennies http://coincollectingenterprises.com CC ENTERPRISES LLC – COIN COLLECTING AT ITS FINEST – (302) 265-3677 Mon, 22 Apr 2013 14:15:47 +0000 en-US hourly 1 How to Sell Copper Pennies http://coincollectingenterprises.com/copper-pennies/how-to-sell-copper-pennies http://coincollectingenterprises.com/copper-pennies/how-to-sell-copper-pennies#comments Sun, 07 Apr 2013 14:03:49 +0000 coincollectingenterprises http://coincollectingenterprises.com/?p=5442

How to Sell Copper Pennies


 

We get many inquiries and requests for information on how to sell copper pennies. What we will not do is give away our operational procedures. What we will do is give bits and pieces of advice that may help you decide if selling copper pennies is right for you.

After all, how to do something first stems from if you should do something.

Ever heard of ‘Location, Location, Location’ in terms of real estate? For copper pennies, it is:

‘Price, Price, Price’

If you aren’t sure about pricing, it may be very advantageous to search copper penny auctions and pricing via Ebay. Here is a link to a page on our site with listings which will open a new window in your browser:
 

copper penny
 
 
Ebay Copper Penny Auctions

 
 

Now that you have an idea of pricing possibilities, you simply have to note and accept the following:
 
 

Copper pennies are simply not a flat rate. The pricing is sporadic from lows and highs that can yield vast benefits to buyers and sellers if the timing is correct in their favor. Yes, in general, prices are on the rise, however, just like in the metals industry, the price will change with market supply and demand fluctuations.

As a seller, it is critical to remember how pricing and turnover work. Just like in a normal market situation, a seller can simply hold onto their product to wait for higher pricing during fluctuations in pricing. Though this means that the seller is also holding the risk of an opportunity cost loss to already have sold the copper pennies at a lower price to sell more quickly for faster turnover.

This all probably seems quite obvious. But it’s easy to get wrapped up in the idea of something without careful consideration to the risk. Getting involved in selling copper pennies means careful consideration to risk versus reward as far as sell quickly lower price vs seller slower higher price.

The decision is ultimately up to you. Just remember that the last person standing with copper pennies when the penny is eventually eliminated will be the one to gain the most benefit. If your profits now offset that risk of holding for later, sell sell sell. If your ability to sell is not yielding the profits you desire, it may be time to consider holding for a longer time.

Finding yourself torn between selling or holding copper pennies? When in doubt, do both! There’s absolutely no harm (in fact, it’s quite brilliant) to sell copper pennies and convert your profits into holdings.
]]> http://coincollectingenterprises.com/copper-pennies/how-to-sell-copper-pennies/feed 0 Money System Failure: Governments Looting Bank Accounts http://coincollectingenterprises.com/the-money-system/money-system-failure-governments-looting-bank-accounts http://coincollectingenterprises.com/the-money-system/money-system-failure-governments-looting-bank-accounts#comments Mon, 01 Apr 2013 17:06:11 +0000 coincollectingenterprises http://coincollectingenterprises.com/?p=5431 The situation in Cyprus is scary.
 

Governments looting bank accounts of depositors for the failures of banks is scary.
 

Governments regulating withdraws and access to depositors own funds is scary.
 

The lack of world recognition of the magnitude of letting this happen is scary.
 

The acceptance that if it is over 100,000 Euro then less people will be upset so looting can be gotten away with is scary.
 

The mindset that banks are a safe heaven for money, clearly, is inaccurate.
 

We hope the situation in Cyprus will lead to a broader recognition that the general public should have readily accessible and easy to understand information on the stability of the bank they have their deposits located within. If a bank holding a depositors funds is effectively a custodian, then that custodian must be held accountable for their actions.
 

Physical assets may become more the norm a lot faster than anticipated if people do not actively protest what has occurred in Cyprus as wrong, immoral, and inappropriate in every way possible.
 

We extend our sympathies to those in Cyprus for bearing the brunt of this new “bailout plan” without the democratic rights to say, “No, we don’t want any part of it.”

]]> http://coincollectingenterprises.com/the-money-system/money-system-failure-governments-looting-bank-accounts/feed 0 President Barack Obama on Eliminating Penny 2013 http://coincollectingenterprises.com/copper-pennies/president-barack-obama-on-eliminating-penny-2013 http://coincollectingenterprises.com/copper-pennies/president-barack-obama-on-eliminating-penny-2013#comments Fri, 15 Feb 2013 14:20:12 +0000 copper pennies http://coincollectingenterprises.com/?p=5375

President Barack Obama on
Eliminating Penny 2013


 
 

 
 
Pennies

Obama 2013 Exert Transcript on
the One-Cent Coin:

 
 

“I don’t know.”

“It’s one of those things where I think people get attached emotionally to the way things have been,” the president said. “We remember our piggy banks and counting out all the pennies and then taking them and getting a dollar bill or a couple of dollars.”

“This is not going to be a huge savings for government. But anytime we’re spending more money on something that people don’t actually use, that’s an example of something we should probably change,” Obama said. “One of the things that you see chronically in government is it’s very hard to get rid of things that don’t work so that we can then invest in the things that do.”

 

- Barack Obama, 44th President of the United States
 

Opinion on Obama’s Penny Speech 2013

 

Let’s be blunt. Eliminating the penny means admitting that inflation has run rampant and the one-cent, is, essentially and literally, worthless.

The penny is, however, money. Remember that it is still a legal form of currency. So when money becomes worthless, it is an admitting there is a problem with the money system.

Meanwhile, Obama and Bernanke are printing unlimited amounts of money. Buying up bonds and other various things to attempt to stimulate the economy. Eliminating the penny would bring attention to rampant inflation currently going on under Obama’s administration.

This would be a big ‘No No” to do. Therefore, side-stepping the issue is the politically motivated thing to do. And exactly what happened.

In fact, it is important to note that while this article may single out both Obama and Bernanke, this isn’t a political party issue. This is a United States political issue. Meaning, the policies from the mainstream political wings on both sides are manipulated by the financial institutions and their benefactors (think Federal Reserve is neither Federal or a Reserve). This has been going on since the inception of the latest Federal Reserve in the United States one hundred years ago.

]]> http://coincollectingenterprises.com/copper-pennies/president-barack-obama-on-eliminating-penny-2013/feed 0 Penny Nickel Composition Change Findings http://coincollectingenterprises.com/copper-pennies/penny-nickel-composition-change-findings http://coincollectingenterprises.com/copper-pennies/penny-nickel-composition-change-findings#comments Mon, 17 Dec 2012 18:05:58 +0000 copper pennies http://coincollectingenterprises.com/?p=5047

Penny Nickel Composition Change Findings


 

 
Pennies

The Coin Modernization Act of 2010 has officially announced their findings. So what is the answer?

‘We need more time.’

No news is the absolute best news as it means that we all have a lot more time to capitalize on pennies and nickels before the Government takes them in themselves.

Most intriguing is the part on the one-cent coin:

 

“At Present, changes to the metals formulation of the one-cent coin would not yield significant cost improvements over the current formulation because the current market price of zinc is competitive with the prices of the credible alternatives, steel and aluminum.”
 
 

What solution does this leave? Elimination of the one-cent as the only viable solution.

Buy pennies and buy nickels while you can. If supply drops to zero from a coin denomination elimination, whether you’re a bullion investor or a numismatic coin collector, prices inevitably must go up.

 

Read the Official US Mint News Page for the Coin Modernization Act of 2010 Findings: Official US Mint News Page for the Coin Modernization Act of 2010 Findings
 

Read the Official Government PDF file for the Coin Modernization Act of 2010 Findings: Coin Modernization Act 2010 Report and Findings
]]> http://coincollectingenterprises.com/copper-pennies/penny-nickel-composition-change-findings/feed 0 Coin Modernization Act 2010 Reports 2012 http://coincollectingenterprises.com/copper-pennies/coin-modernization-act-2010-reports-2012 http://coincollectingenterprises.com/copper-pennies/coin-modernization-act-2010-reports-2012#comments Wed, 12 Dec 2012 15:07:42 +0000 copper pennies http://coincollectingenterprises.com/?p=5020

Coin Modernization Act 2010 Reports 2012


 

 
Pennies 		A friendly reminder that the Coin Modernization Act 2010 is to report its findings mid-December 2012. That means, any day now, we could get the update on whether the penny is being eliminated or having a metal composition change. This also goes for the nickel being eliminated or having a change in metal composition.

Most likely, any change in metal composition would be a change to steel. Right now, pennies are made of 97.5% zinc and 2.5% copper. Nickels are 75% copper and 25% nickel. Each costs more than twice its face value to mint.


The Coin Modernization Act of 2010 itself was passed on December 14th, 2010 and was enacted to:
 
 

‘provide research and development authority for alternative coinage materials to the Secretary of the Treasury, increase congressional oversight over coin production, and ensure the continuity of certain numismatic items’”

 
 

Since its inception, there are many rumors floating around of trials of new compositions for both the penny and nickel, particularly steel. Taking a look at Canada, one can see the penny was made of steel in Canada by the Royal Canadian Mint, and actually eliminated as of this year, 2012.

The Canadian nickel is currently made of a metal composition of 94.5% steel, 3.5% copper, and 2% nickel plating coming in at a weight of 3.95 grams.

So what happens next? Only time will tell. But one thing is certain.

History repeats. The price to buy pennies sky rocketed as soon as the announcement of the Canadian penny elimination came out. Will it happen again in the United States? Perhaps the impending “fiscal cliff” talks will push the change or elimination of the penny and nickel right over the edge. After all, the cost to make the penny is 2.41 cents.

Hindsight may be 20 – 20. But we can all conclude that buying pennies and nickels now creates huge potential gains for you with their respective face value to fall back on.

Buy pennies and buy nickels while you can. If supply drops to zero from a coin denomination elimination, whether you’re a bullion investor or a numismatic coin collector, prices inevitably must go up.

 

Read the Official Government PDF file for the Coin Modernization Act of 2010: Coin Modernization Act 2010
]]> http://coincollectingenterprises.com/copper-pennies/coin-modernization-act-2010-reports-2012/feed 0 How Many Nickels in a Ton http://coincollectingenterprises.com/nickels/how-many-nickels-in-a-ton http://coincollectingenterprises.com/nickels/how-many-nickels-in-a-ton#comments Tue, 04 Dec 2012 03:53:53 +0000 copper pennies http://coincollectingenterprises.com/?p=4973

How Many Nickels in a Ton


 

Time to break out the math!

There are 2000 pounds in a ton.

A $200 face value bag weighs 44 pounds and contains 4000 nickels.

2000 lbs / 44 lbs = 45.4545 bags which, in dealing with sealed bags, is rounded down to 45 bags = 1980 pounds.

45 bags = $9,000 = 180,000 nickels in a ton.

Though for those wanting to base it off of 45.4545 then:

45.4545 bags = $9,090.90 = 181,818 nickels in a ton.

 
 

Read More: Cost of buying a Ton of Nickels
]]> http://coincollectingenterprises.com/nickels/how-many-nickels-in-a-ton/feed 0 Wholesale Bulk Pure Copper Sale http://coincollectingenterprises.com/copperscrap/wholesale-bulk-pure-copper-punchings-sale http://coincollectingenterprises.com/copperscrap/wholesale-bulk-pure-copper-punchings-sale#comments Thu, 15 Nov 2012 16:08:13 +0000 Copper Investing http://coincollectingenterprises.com/?p=4938

Wholesale Bulk Pure Copper Sale

 
 

Welcome to this hidden wholesale bulk pure .999 copper punchings sale!

Limited time stock. Limited time pricing.

Once we run out, we will close this sale page and remove the pricing advertised below. Buy now, before it’s gone!

 
 

Pure .999 Copper Scrap

Copper Scrap .999 Pure Copper

 
100 pounds of .999 pure copper

Price:

Click Here for Pricing

 
100 pounds of pure copper scrap graded .999. U.S.A. manufactured and material Certification verified. Great for various craft projects, melting, and investing in industrial grade .999 pure copper. 100 pounds is a simple and easy quantity to diverse into the pure copper market without the extra cost of premium purchased copper bars. If you’re looking for a good size quantity of copper scrap punchings, you have come to the right place.

Copper Scrap Specifications

 

  • Made in the United States. Material certification verified.
     

  • Weight: 100 Pounds
     

  • .999 pure copper
     

  • Boxes Mailed: 2 box
     

    • Copper Scrap Shipping

     
    We usually ship within 1-2 business days upon receipt of full payment and correct shipping information.

    All purchases ship secured and insured.

    International Purchases accepted in accordance with U.S. law and Continental U.S. mainland shipping only.

    All sales are final and non-refundable.

    Copper Scrap Disclaimer

     
     
     
    All copper Scrap are considered U.S.A. products having been acquired from U.S.A. copper manufacturing companies, processed, and cut within the United States. Copper scrap comes in various shapes and sizes as being copper punchings of .999 pure copper grade copper material.

    International Purchases accepted in accordance with U.S. law and Continental U.S. mainland shipping only.

    All sales are final and non-refundable.
    ]]> http://coincollectingenterprises.com/copperscrap/wholesale-bulk-pure-copper-punchings-sale/feed 0 Selling Melted Copper Pennies as Copper Scrap http://coincollectingenterprises.com/copper-pennies/selling-melted-copper-pennies-as-copper-scrap http://coincollectingenterprises.com/copper-pennies/selling-melted-copper-pennies-as-copper-scrap#comments Thu, 15 Nov 2012 03:34:03 +0000 copper pennies http://coincollectingenterprises.com/?p=4932

    Selling Melted Copper Pennies as Copper Scrap


     

    Do. Not. Do. It.

    It is illegal to melt copper pennies in the United States. It is also illegal to export them out of the country. We have received a number of requests asking us how to melt copper pennies. This concerns us greatly as when learning and educating about copper pennies, it is important to do so under the guidelines set forth by the laws that govern us.

    We believe in freedom and rights of all people. We believe you own your investments and your wealth. However, a crime is a crime. It is currently illegal to melt pennies (and nickels for that matter). So please don’t do it.

    Need links to the laws? Visit our U.S. Penny Legislation link below:
     

    U.S. Penny Legislation

     

    ]]> http://coincollectingenterprises.com/copper-pennies/selling-melted-copper-pennies-as-copper-scrap/feed 0 The Three Multi-Values of Pennies http://coincollectingenterprises.com/copper-pennies/the-three-multi-values-of-pennies http://coincollectingenterprises.com/copper-pennies/the-three-multi-values-of-pennies#comments Sun, 04 Nov 2012 00:33:46 +0000 copper pennies http://coincollectingenterprises.com/?p=4901

    The Three Multi-Values of Pennies


     

     
     
     
     

    copper penny


     
     
     

    Intrinsic Value

     

    Currency Value

     

    Numismatic (Collector) Value

    Intrinsic Value

     

    All forms of currencies have intrinsic value. This means the actual physical monetary value of the item itself. A penny is made of metal. Therefore, it has metal value based on the metal content. For example, a copper penny is made of 95% copper 5% zinc and weighs approximately 3.11 grams.

    This means a copper penny holds 2.9545 grams of copper and 0.1555 grams of zinc. Of course, wear and tear as well as various anomalies can change this figure. But the point to make is that this is a physical tangible value associated with the penny.
     
     

    Currency Value

     

    A penny also holds a currency value. This value is one-cent or 0.01 of a dollar. The purpose of this value is its trade value and use in a marketplace as a medium of exchange in place of a barter economy. A currency value is very subjective in a global marketplace when incorporating exchange rates and other factors.
    Pile of Copper Penny Bags It is good to note that currencies like the dollar are heavily devalued due to mass printings of more money into the money system. This means the intrinsic value bolsters compared to the currency value from the impact of inflation.
     
     

    Numismatic (Collector) Value

    Finally, a penny holds coin collector numismatic value. This often has to do with rarities of coins, makes, quantity of units produced, models, years, various errors, and other factors.

     
     

    Penny Value Conclusions

     

    What’s the point? Simple. You can convert these three value terms into three different values:

  • Intrinsic = Investment Value

  • Currency = Back up Value

  • Numismatic (Collector) = Supply & Demand Value

     
     

    Metals are useful to society, and have a historic proof of keeping up with inflation at a minimum, often outpacing inflation. What does this mean? Your pennies are devaluing from inflation because of their face value but increasing in value because their metal value is not decreasing with inflation. While everyone else keeps their money in the digital world of banking, you are holding physical value that is increasing at a faster pace than money sitting in a zero percent-to-low-percent interest bank account.

    Worst case scenario, you still have currency value to fall back on as a back up plan. If the metal value breaks historical statistics and turns the other way around, you still have a currency value, proving that unlike a bet in the stock market, your pennies won’t reach a value of zero.

    Finally, pennies will be eliminated from circulation at some point. Every country has done it but the United States. Therefore, once it happens, the total quantity of pennies in circulation will drastically be reduced. Demand, however, for coin collectors will almost certainly stay the same. As a result: Supply drops. Demand holds steady. Value goes up.

    That sums up the three multi-values of the pennies. Thoughts? Feel welcome to leave a comment below.

    • ]]> http://coincollectingenterprises.com/copper-pennies/the-three-multi-values-of-pennies/feed 0 Buy Canadian Copper Pennies – Before it’s too late! http://coincollectingenterprises.com/copper-pennies/buy-canadian-copper-pennies http://coincollectingenterprises.com/copper-pennies/buy-canadian-copper-pennies#comments Sat, 03 Nov 2012 15:46:56 +0000 copper pennies http://coincollectingenterprises.com/?p=4892

    Buy Canadian Copper Pennies

    Before it’s too late!


     

    Canadian Copper Pennies

     
     

    Canadian penny stockpilers have huge advantages over others for their stockpiling of Canadian copper pennies. Why? Because Canadian copper pennies yield a higher copper value than their face value – over 2x as much! – and Canada has officially announced they are eliminating the penny as an ongoing form of currency in Canada (Read more: Canada Eliminates Penny).

    Why is this a big deal? Because a $50 face value (as of the date of this article) holds a weight of approximately 34 pounds and is worth in copper value $120. Every Canadian copper penny holds a value of about 2.4 cents each in copper.

    Here’s the catch. It is still illegal to melt the Canadian copper pennies. Why? Because the Royal Canadian Mint is pulling copper pennies out of circulation. Their hope is Canadians holding onto their pennies will deposit them to the bank, which eventually end up back at the Mint so they can profit.

    Is this fair? That’s up to you to decide. The point is simple:
     
     

    Buy Canadian Copper Pennies: Ebay

     

    Keep your Canadian copper pennies. If you don’t have any, you may wish to buy Canadian copper pennies. Here is a list of Ebay auctions you can explore for buying copper pennies from Canada:


     
     

    Buy Canadian Pennies: Ebay

     

    Don’t forget the basics of supply and demand. There is demand via coin collectors for Canadian pennies. Therefore, even the zinc Canadian pennies and steel Canadian pennies hold numismatic value! Since supply for these little one cent pennies is about to hit zero (meaning no more will be minted in Canada), you may wish to pick up all Canadian pennies. Here is a list of Ebay auctions you can explore for buying Canadian pennies in general:



    Melt Canadian Pennies: Not Yet

     

    Of course, we are not advocating melting Canadian pennies. We are, in fact, saying you should not melt pennies and should not do anything illegal. However, there is absolutely nothing wrong with hoarding Canadian pennies. Once the pennies in Canada have been pulled out of circulation and the melt law surrounding them becomes irrelevant, the laws pertaining to melting pennies is largely thought to be done away with at that point, giving you the ability to cash in big.

     

    ]]> http://coincollectingenterprises.com/copper-pennies/buy-canadian-copper-pennies/feed 2