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Message
Penny hoarding
Posted on 5/10/26 at 7:52 am
Posted on 5/10/26 at 7:52 am
Seems strange no business around has any pennies… I got 4 Kentwood water jugs full of them in the garage… my mother has two tubs of pennies in her storage room been there since I was in school 20 years ago… with the government discontinuing them .., how long do y’all think before they are considered collectible items ???
13
Posted on 5/10/26 at 7:53 am to lepdagod
200-300 years.
I have a ton in my car
If it made of copper it’s worth something though
I have a ton in my car
If it made of copper it’s worth something though
This post was edited on 5/10/26 at 7:54 am
Posted on 5/10/26 at 7:55 am to lepdagod
Stores are rounding to the nearest nickel so no pennies are coming in or going out.
They'll be like 1980s baseball cards. So many out there that it'll be a loooooong time before they have value.
They'll be like 1980s baseball cards. So many out there that it'll be a loooooong time before they have value.
Posted on 5/10/26 at 7:56 am to lepdagod
350 yrs
Posted on 5/10/26 at 7:58 am to lepdagod
Name 1 coin in America that everyone has hundreds of in their homes that has ever become valuable.
Posted on 5/10/26 at 7:58 am to lepdagod
quote:
how long do y’all think before they are considered collectible items ???
Never until the price of copper is high enough for everyone to start turning them in en mass.
Posted on 5/10/26 at 8:00 am to BestBanker
quote:
Name 1 coin in America that everyone has hundreds of in their homes that has ever become valuable.
Easy and I’ll name 4. Every .10, .25, .50, $1 pre 1964. 90% silver. Some all the way to 1967.
This post was edited on 5/10/26 at 8:02 am
Posted on 5/10/26 at 8:02 am to UptownJoeBrown
quote:
Easy and I’ll name 4. Every .10, .25, .50, $1 pre 1964. Some all the way to 1967.
Something interesting about those metals. Where's the penny?
Posted on 5/10/26 at 8:05 am to lepdagod
If people would just use their pennies instead of hoarding them we wouldn't have had to discontinue them.
Posted on 5/10/26 at 8:06 am to BestBanker
Copper unless 1943. Those were steel to save copper for WW2 ammunition.
Posted on 5/10/26 at 8:07 am to BestBanker
I have a bunch of Indian head pennies. Definitely have a different feel to them since made of actual copper.
Posted on 5/10/26 at 8:08 am to chryso
quote:
If people would just use their pennies instead of hoarding them we wouldn't have had to discontinue them.
How???… can’t that logic be applied to all fiat money
Posted on 5/10/26 at 8:09 am to BestBanker
quote:If it was 1964 then every dime, quarter, half dollar and silver dollar in every house. So hundreds of millions of coins, I can’t name them all.
Name 1 coin in America that everyone has hundreds of in their homes that has ever become valuable.
Folks who understood the economic axiom of Gresham’s Law (“Bad money drives out good”) were then presented with a choice and some, like some of my family, kept saving pre-65 US silver coins.
This post was edited on 5/10/26 at 8:11 am
Posted on 5/10/26 at 8:10 am to UptownJoeBrown
< 1982
Posted on 5/10/26 at 8:10 am to meeple
I get it. People want to hope that something they own will become valuable. And it can, sometimes. That's why I'm holding on to my lawnmower.
Posted on 5/10/26 at 8:12 am to soccerfüt
quote:
silver
And pennies were far less valuable than nickels, dimes, quarters for that reason. Yes, if copper goes up in value, so do the pennies. Hold.
Posted on 5/10/26 at 8:14 am to lepdagod
Penny was a ho, not like she was hoarding if you had the coin
Posted on 5/10/26 at 8:14 am to Kjnstkmn
Would it help the economy if they allowed you to turn (1982 and older) in for copper melt value ? 100 pennies = $2.50 in copper
Posted on 5/10/26 at 8:18 am to 3D
quote:
Would it help the economy if they allowed you to turn (1982 and older) in for copper melt value ? 100 pennies = $2.50 in copper
HOLD ON THERE! If this happens, we'd all hold out for higher valuations! To the moon!!! TIL, if I had cashed in 500 pennies in 2009 and bought bitcoin...
Posted on 5/10/26 at 8:18 am to lepdagod
Bout a year after the 1996 Olympic barbies my dad stockpiled become valuable
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