Copper Thefts Getting Out of Hand

More and more we are hearing about the increase of copper thefts across the nation. It is becomming obvious that this increse in the price of copper has spurred a movement if you will. This will only get worse as the price of copper rises. On this note, I would advise that those of you with larger hoards of copper cents should take extra precautions in making sure they do not get stolen. I would even keep it on the down low that you have so many copper cents. Keep on hoarding though as it will pay off in the end.

It's Been a While

Well, It has been a while since my last post obviously. I've been busy all summer and didn't really get a chance to follow much of the copper market. As it stands right now the price of copper has stayed pretty steady as the price of zinc and nickel have fallen. However, nickels are still worth about 7 cents each at the time of this post so it is still advisable to hoard them. It also goes without saying that you should still be harding your copper pennies as well since that price has stayed the same. Just keep at those hoards a little bit at a time. I don't see the price of copper going down anytime soon or ever for that matter.

The Hyperinflation of the U.S. Dollar

Hyperinflation happens when inflation is out of control. In this scenario, prices raise rapidly because currency is losing its value. The U.S. dollar is getting dangerously close to a hyperinflation state. It is becoming less and less stable every day. In 1913, you could buy the same for $.04 that you can now buy for $1.00. This means that the U.S. dollar has lost 96% of its value in less than 100 years. Even if it only follows that same rate, by 2100 it will cost $25 to buy what we can buy for $1.00 now. The scary thing about this is, it is not following that same rate, the value of the U.S. dollar is beginning to drop more and more rapidly. For this reason, hoarding metals with actual face value is a very safe way to make sure your investment will always be worth something. Right now, you can instantly double the value your investment with pre-1882 copper cents and nickels. I believe a market will develop for these metals within the next two years or so. Hoard now, while you still can.

Running Totals:
Copper Cents: 2650
Nickels: 1000

Face Value: $76.50
Metal Value: $155.55

Zinc Keeps Climbing

The price of zinc keeps climbing, meaning that if it keeps up this same trend, soon every penny in circulation will be worth more than face value. The total melt value of a zinc (post-1982) penny today was $.009586, just shy of face value. If zincs become worth more than face value and keep climbing like the coppers did, I think the US Treasury is going to have to do something about it, they cannot keep producing pennies at a loss. I see them either changing the composition of the penny to steel or completely doing away with it. Remember, a copper penny became worth more than face value only 2 years ago.

Running Totals:
Copper Cents: 2650
Nickels: 1000

Face Value: $76.50
Metal Value: $158.77

Hoarding Nickels

If sorting through rolls and rolls of pennies is just not your thing, then you may choose to hoard nickels. I actually do both. The composition of the common nickel is 75% copper and 25% nickel. The price of copper alone is enough to make a nickel worth more than its face value but the price of nickel is increasing too. You do not have to do any sorting with nickels since they have held that composition since 1947, though you may want to sort through to look for older nickels. I do both nickels and pennies to have diversity with my hoard but this is entirely up to you.
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Running Totals:
Copper Cents: 2200
Nickels: 800

Face Value: $62.00
Metal Value: $130.39