Hoarding Cents

[acodym]

I'm from Canada and all penneys up to 1996 are 98% copper when the US coins are 95% copper up untill 1982!! It is not hard at all to find a copper cent in Canada! Over half of your change is probaly copper here!!

[Kingpin]

Then I soak them in Coke for a couple days. I amazed at how good some are coming out.

I'm amazed that anyone would even try to use Ketchup & Coke to remove corrosion from copper coins.

[DrJeffLogan]

I'm not hoarding cents and nickels  - I'm converting every spare cent into pre-1964 silver coins and silver dollars.  Historically the Gold/Silver ratio has been about 1 ounce of gold for 17 ounces of silver - for nearly two thousand years.  Now, the ratio is about 1 ounce of gold for 60 ounces of silver.  In my view, either gold is way overpriced or silver is way under priced.  I said this over five years ago and no one believed me - Since then gold has about doubled, while silver has more than tripled - so maybe silver is catching up to it's 2,000 year history - besides, silver is accessible to millions of collectors world-wide while gold coins are starting to be accessible only to the very, very rich - Just like the housing market - less affordability = less demand. 

[Site Owner]

if you believe in the free market, then silver is priced right as that is what the free market is telling us.  Or, maybe the 2000 year old barometer is no longer accurate as there has been a shift in the supply/demand curve

[acanthite]

if you believe in the free market, then silver is priced right as that is what the free market is telling us.  Or, maybe the 2000 year old barometer is no longer accurate as there has been a shift in the supply/demand curve

..or maybe there is a conspiracy .

And, if only England has not adopted gold standard in the 1900's and served as a model for others to do so.