My Copper Penny Retirement

Gold is the money of kings, Silver is the money of the citizenry, Debt is the money of slaves.

My time machine broke and I didn't have enough power to get back far enough, my good friend you're on the right track I hope these last 9 years haven't treated you too badly

Copper is called the poor man's silver.  Why?  Because if you invest in copper, you will be poor.

I'm just imagining him with Kramer's voice.."Pennies!! It's ALL ABOUT Pennies, Jerry!!"

People forget to invest in themselves. Time and effort hording metals should not be at the expense of learning new skills or starting a new business.

I would give you my 2 cents, but it looks like you don't need it.

3:32 ''I don't remember exactly what it cost me'' That's what people say when they know they paid way more than they should of have

3.5 years later... We still have pennies.

3:34 "I don't remember exactly how much it cost me" - International symbol for "It costed more than I would admit paying"

Don't listen to the herd, keep stacking that copper ;-)

I think the robber will making more money suing you for back injury then carrying those copper away. Lol

So how much money do you have? $2000?? Lol. Nice retirement fund bud.

Fill your basement with pennies to make a few hundred bucks in 50 years.

I do this as a side hobby and it's meant as a very small supplement to my gold and silver stack.

"daddy we're hungry, can we buy some food" "no damn it i need to buy more tubs to store all of our money in"

has the regret set in yet or are you still riding that penny high?

I found on average $6 worth of copper per $25 box. It is kinda relaxing to sort through them. Then a contact at the bank informed me of $100 worth of rolled pre- 1982 pennies they had, a lot of wheaties, where to put them .... lol

One good thing about copper pennies is that they can be exchanges in as small a unit you like unlike an ounce of silver coin which you would have to trade as a whole and costs way much more. Pennies are already fractionalized to the max ;)

Best part of investing in 95% copper cents is #1: you don't have to worry if they're real or fake coins. No one will bother to counterfeit these due to low value & #2: It's hard to have them stolen as the weight prevents them from being easily lifted. Lastly it's a no risk investment costing 1 cent a piece. If in a cash crunch you need to turn them in it's a bit of effort but fully liquid at a bank or sorting machine.

Nickels are easier to store and no sorting necessary. If you want to do the work and get a sorter then pennies are a better return albeit you have to do the work and sort. My sorter didn't work and I returned it and returned all my pennies. Went to a nickle hording with the $100 boxes from the credit union. Nickels may change composition so I would get some now before they decide to change composition, at that time they will probability be driven out quickly then you would need to sort as well. Also with the current war on cash, this is a good way to have cash as the gov's of the world start X'ing cash and make all transactions taxable, trackable esp if/when neg interest rates start up. Get cash, may as well get something that is valuable not paper if you have the storage space!