State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
Copper sold out? Maybe this is why they stopped producing pennys as they need the copper for the war effort?
They made pennys from steel back in the 40’s so the copper could be used for other things during WW2.
SD Bullion appears to be out of copper as well.
Copper pennies were last minted in 1982. Pennies that were made prior to the change to copper plated pennies are worth (based on this morning’s price of copper) about five cents each because of their copper content.
Thanks for the heads-up, Pastor. I have been hoarding pre-1982 pennies for years. These will also be good for barter. Do you have any information on pre-2004 nickels? Thanks for your time.
I noticed that yesterday and was quite puzzled. Thanks for bringing this to everyone’s attention, David. The game is afoot..
I’ve got several thousand ounces of steel/aluminum knockouts from electrical receptacle boxes saved over many years. Bonus: they are pre-punched, with small burrs at four points (please be cautious), and have the look and feel of real money! Make me an offer!
Full disclosure: These “coins” do not ‘clink’ like silver bullion, but they ‘clink’ better than paper! And you can take that to the bank.
If they’re open.
Apmex is sold out of their big bars too (10oz, 1kilo, etc.). I have bought some copper coins (image of Ron Paul, etc.) because I liked the design, and because copper is a great color coin. We have a lot of copper “straws” (raw copper pieces from the mines) from the UP of Michigan (my wife’s family is from there – actually heavy copper area).
The vast majority of copper produced goes to the construction and electronics industries. These industries buy it before it’s even mined so they get first crack at it. It’s the “leftover” production that goes to metal collectors. So if industry buys more than production there won’t be any left over for places like bullion dealers.
Glad I bought a bunch of 1 ounce copper “trade dollars” years ago and saved copper pennies (nickels also). The wife used to think I was crazy putting half of savings into gold, silver, and platinum. Now she is glad we have them to backstop our retirement.
Ditto, and I do not try to rub it in. Telling a woman, “I told you so,” does not work to one’s benefit in the long run.
One’s food begins to taste a bit “off”…
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