Hyper Inflation is Coming! Protect Yourself with Pennies?? Check out coppers current value at www.coinflation.com. I also have a land sales site at www.landsforless.com if you are interested in some land.
Пікірлер: 2 152
@Emperor99920018 жыл бұрын
Gold is the money of kings, Silver is the money of the citizenry, Debt is the money of slaves.
@Allis1isAll3 жыл бұрын
Backwards mate debt is is the money of kings
@josephbolz45503 жыл бұрын
A lot of stupid Kings
@jeffreytdr57862 жыл бұрын
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
@breotan9 жыл бұрын
Copper is called the poor man's silver. Why? Because if you invest in copper, you will be poor.
@jplattimore8 жыл бұрын
if u bought 5000 in copper pennies 3 years ago and the same in silver, which one kept it's value,,,
@SavingSoulsMinistries8 жыл бұрын
+jplattimore *drops mic
@Remrie8 жыл бұрын
+jplattimore Worst case scenareo if the bank won't take them, is just take a trip to the nearest coinstar, and you only lose 10% of the face value if the melt value tanks. So really there isn't much risk at all. Just a lot of storage space required.
@QualityKush8 жыл бұрын
+breotan ha
@jessemix51496 жыл бұрын
If you have a bunch of rare pennies worth thousands he would make a lot.
@HipHopPianist8 жыл бұрын
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
@darthnihiluz530510 жыл бұрын
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.
@frannelk10 жыл бұрын
YOU ARE TOTALLY RIGHT, charging money for your skills pay more than doing metal collection,............ ..................I'm not saying that it is wrong, as a hobby or micro investment to keep you busy is cool.......................however if you fix computers, plumbing, even gardening, etc in few hours your capital grow a lot, consideration that you only are investing your time.
@not8upwthit10 жыл бұрын
That's part of what is killing us now as we've got a service based economy. We don't make anything, there are no factories their all rust buckets now. The government drove away all those jobs by over regulation and taxes. There won't be anyone that can afford to fix anything, we're a nation of consumers and when that stops what have we got left. There are good reasons our grandparents that survived the depression never trusted banks and hoarded food and water. The lived through the soup lines, my grandmother and her family lived in a huge camping area for years. My grandfather hit the road with his brothers at 15 because there was no food. People have no idea and this one is likely to be much worse.
@chadodell48879 жыл бұрын
You people disappoint me.
@not8upwthit9 жыл бұрын
That's just it I'm afraid these fools are going to mess things up.
@jarrodyoung62799 жыл бұрын
Not8upwthit I work in a factory. People will always need airconditioners, airconditioners will always need scroll compressors. Oh and my dad has a farm so.
@jakejones60568 жыл бұрын
I'm just imagining him with Kramer's voice.."Pennies!! It's ALL ABOUT Pennies, Jerry!!"
@MagnumDB8 жыл бұрын
3.5 years later... We still have pennies.
@AnonCudi8 жыл бұрын
lol
@stustuO78 жыл бұрын
+AnonCudi no more in Canada
@Sulfen8 жыл бұрын
+MagnumDB Considering that he's doing for retirement, he might still have 15-30 years before retirement. I doubt that he is putting 100% of his money into pennies, and if he is then hopefully his investment pays off otherwise he's screwed.
@tjfreckles19958 жыл бұрын
+Sulfen I don't know about screwed, pennies are still worth pennies.
@Sulfen8 жыл бұрын
+tjfreckles1995 US currency loses value at an annual rate of 3% due to inflation. The past couple of years with Obama as president have been some of the lowest in recent history but they're still high. So if he retires in 10 years, he could lose between 15% to 30% in face value on those pennies. Typically you don't want to invest in something that loses value which is why companies don't keep their assets in cash, they spent it on things that will keep its value or grow in value and is liquid enough to turn into cash right away.
@Ryan-jx4vh7 жыл бұрын
I would give you my 2 cents, but it looks like you don't need it.
@danielbenedict88184 жыл бұрын
Ryan Guffaw!!!
@TvConfusionn4 жыл бұрын
Hahahahaha
@whenwe91684 жыл бұрын
Lol
@andrewgc198818 жыл бұрын
3:34 "I don't remember exactly how much it cost me" - International symbol for "It costed more than I would admit paying"
@i.o.u.41957 жыл бұрын
Don't listen to the herd, keep stacking that copper ;-)
@thuanpham31788 жыл бұрын
I think the robber will making more money suing you for back injury then carrying those copper away. Lol
@koala42048 жыл бұрын
lol
@austinjoedimatulac8 жыл бұрын
do you english child
@JL-rd8di7 жыл бұрын
Bro, do you speak any other languages other than English? if not, you are a douchebag.
@Kamal_AL-Hinai7 жыл бұрын
Lol xD
@Kamal_AL-Hinai7 жыл бұрын
Austin wtf is wrong with you?? He spoke perfect English
@beaufortninja89178 жыл бұрын
I do this as a side hobby and it's meant as a very small supplement to my gold and silver stack.
@zinknot2 жыл бұрын
It's great because you can basically get them for free.
@empire010 жыл бұрын
Fill your basement with pennies to make a few hundred bucks in 50 years.
@not8upwthit10 жыл бұрын
Lol what will matter is the purchasing power. I'm in my 50's and I can remember collecting a few coke bottles and steeling them to 7-11 for 25-50 cents and coming out with bags of candy and a coke. A loaf of bread at 7-11 in those days was like 10 cents and you always pay more there. That's what we've done to our money in just my life time. When the bottom falls out you may well wish like hell you had $50 because prices will collapse. That's a big part of what the Banksters are fighting, they want things to cost a lot. So hang on we're going for a ride...
@chadodell48879 жыл бұрын
try more like 1,000 or more if you fill up your basement.
@not8upwthit9 жыл бұрын
Selling them to 7-11 lol--- hell just look at a dollar chart over the last 20 years.
@BlueToronto3 жыл бұрын
Lol, at the very least he could swim around in the pennies like Scrooge McDuck.
@noreaster0810 жыл бұрын
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
@karmah888 жыл бұрын
"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"
@Heritagepostfarms9 жыл бұрын
So how much money do you have? $2000?? Lol. Nice retirement fund bud.
@VikingPickles8 жыл бұрын
+Farmer Nate Looks like less than $1000 to me.
@Kramlets8 жыл бұрын
+Farmer Nate It's not like he's retiring next week, I'm sure he has plenty more to save up before he's done.
@milootje0078 жыл бұрын
+Farmer Nate Minus the investment in that sorting machine, the dollarstore cans, time spent, possible medical costs for copper poisoning and a back hernia. xDDD
@PatrickMcManusNY8 жыл бұрын
+milo this had me laughing for a while.
@DaveGunnoe8 жыл бұрын
+Farmer Nate I counted $1000 in the boxes assuming they're all full. Dude is killin' it.
@seeamerica17 жыл бұрын
Looking through the pennies for errors & double die pennies could make your investment even better! Also if you go to the bakery dept at your grocery you can get small empty icing containers usually for free; tell them you need them for gardening.
@ashwadhwani9 жыл бұрын
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 ;)
@zinknot2 жыл бұрын
Yes, It's a perfect barter currency for small things, specially when copper costs more and the copper pennies are harder to find. Plus there is the collector value.
@evanlambson68508 жыл бұрын
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!
@emilphoryew94367 жыл бұрын
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.
@freddyfredrickson8 жыл бұрын
LOL he picks up a handful of sorted zinc pennies and put it into his sorter machine and it puts half of them into the copper penny bucket. 3:38
@lokirfromrorikstead3598 жыл бұрын
He also picked some up from the copper one
@MotiveFilms8 жыл бұрын
+Chris Newman (Fat Libertarian Dude) I thought the same thing. I'm pretty sure you hear him drop the "copper" ones, before he puts his hand in the "zinc" bucket. It all seems super legit. He probably bought the "copper" sorter from someone wearing a tinfoil helmet.
@clintorison16028 жыл бұрын
You do have ears and the ability to process sensory input correct? Then how the bloody hell did you miss that he had half a handful of pennies he had picked up on the copper side that can be heard rather clearly crashing down atop the pennies in the other bin just as he begins to thrust his hand into the zinc pennies on camera, so there would be some of each in the handful he tossed into the machine. As one would quite obviously expect that anyone would do, as opposed to throwing a handful of one or the other type of already sorted coins in the _sorting_ machine if the entire point was to demonstrate the machine _sorting_, which, as you note, it did. Logic is your friend...
@woolleybeart5 жыл бұрын
Damn he lost $0.50.
@jonahjameson8318 жыл бұрын
has the regret set in yet or are you still riding that penny high?
@willlaflam8 жыл бұрын
lmao!
@zee3398 жыл бұрын
+Jonah Jameson penny high, lol
@jrasset78 жыл бұрын
Copper prices suck but they'll go back up.... WAY up. I can't do this. But he'll be alright.
@zee3398 жыл бұрын
Jason Rasset on what are you basing this bull run on copper?
@jrasset78 жыл бұрын
+zee339 Likely a number of factors. Now, I don't really know, I'm just guessing. As China and India continues to industrialise , more copper will be needed. I feel the price of all metals are also artificially low due to influences in manufacturing such as the silver users association. Copper, specifically though is in industry, housing, many applications and as the currency expands with global growth, demand will as well.
@stelity6 жыл бұрын
Good point about the weight of the bucket. You should use a hand truck to move it, but even after being able to move it, transporting the copper to the factory to sell it would require a truck rental. As an investment, it probably isn't worth the time spent exchanging+sorting the pennies, opportunity cost of storing it, and then the hassle to transport it to sell it. As a hobby, it sounds pretty fun.
@NayokeHenji2 жыл бұрын
I use copper to supplement silver and gold stacks, and also as an emergency barter item since it is small denomination and also has real metal value not just face value.
@zinknot2 жыл бұрын
Exactly! The collector value will be higher than the metal value and they are perfect for bartering.
@giverofzerophux90518 жыл бұрын
quick question.. isn't it illegal to smelt pennies for the copper?
@macprepper8 жыл бұрын
Yes, while it is a current currency you cannot melt it. once it's no longer produced like the pennies no longer made in Canada other countries then we can legally Melt it
@macprepper8 жыл бұрын
Yes, while it is a current currency you cannot melt it. once it's no longer produced like the pennies no longer made in Canada other countries then we can legally Melt it
@BlueSpades78 жыл бұрын
+macprepper So even if your smelt the copper directly from the penny, how would anybody know the difference, if not just know that it came from a US penny?
@aptarmbps8 жыл бұрын
just do it when youre a lone
@SoftBreadSoftware8 жыл бұрын
+macprepper That's based on an unconstitutional mandate forced through congress in 2007. It is 100% constitutional to melt currency.
@richardsandwell22858 жыл бұрын
In the UK, our new pennies are made of steel coated with copper, so at least here a magnet would sort them out.
@missinginbc7 жыл бұрын
Copper is a good investment. As soon as they stopped making copper pennies in Canada, I knew copper was going up.
@cultureofcurrency4 жыл бұрын
Goodness that is a LOT! You have an impressive set up.
@JerryDLTN8 жыл бұрын
Copper price in August 2012 = ~$3.40 per pound. Copper price on December 2015 = $2.08 per pound. Copper down 38.8% since 8/20/2012 to 12/15/2015 Dow 30 Index up 33.57% since 8/20/2012 to 12/15/2015
@patdadysworld Жыл бұрын
2022 update copper hit $5 this year
@jasiahcisco87108 жыл бұрын
Even if things don't work out and we don't lose pennies, he has saved up a lot of money that he would normally be spending.
@zero110108 жыл бұрын
+Jasiah Cisco Yeah. Way to find a way to save money that earns no interest. I hate free money too. It really pisses me off when I start out with one sum of money, and after a bit of time without putting more money in I have more.
@zero110108 жыл бұрын
Cody Kehrer Kinda depends on how you store it. Financially successful people don't put millions of dollars in a bank earning 0.025% interest per year as a way to make more money. There are lots of ways to place money into a fairly secure location that will earn you more interest than you will get with that money in a checking or savings account. The more potential for earning interest the less secure (as with stocks and such). Storing money at home is dumb. Dumb really is the best word for it. It lacks insight/understanding/information.
@zero110108 жыл бұрын
Cody Kehrer From a quick google search: www.cbsnews.com/news/higher-yield-10-smart-ways-to-earn-more-on-your-money/
@kellybowman5388 жыл бұрын
Wow that was quick. Thanks for the info.
@bondjam3sbond1768 жыл бұрын
Nice video. Thanks for sharing your ideas
@scstarman3 жыл бұрын
Smart man. I hope you have held on to these copper pennies all these years. The price of copper is almost $10 a pound right now if melted into ingots. I know it's illegal to melt pennies into ingots but three rolls of pennies equals a pound. That's all I'm saying.
@nslouka903 жыл бұрын
It’s illegal if you go around telling everyone you melted pennies for the metal content.
@scstarman3 жыл бұрын
@@nslouka90 You sound like a Karen. I never condoned what the man was doing. I was only trying to point out to those making fun of him (for hording copper pennies) that his economic policy was very sound. Besides, with all the graft and corruption so prevalent in our coutry today, do you really thing anyone even cares about some guy melting down a few pounds of old pennies to salvage the copper. Speeding on the interstate is illegal too. But when kept within reason, the cops won't do a thing. Besides all of that, we will soon be a cashless society. What will the govt. do with all that change when it's turned in? Melt it down.
@lucky4311310 жыл бұрын
i think the reward might be low on copper but with pennies theres really no risk so if you have a place to put it i guess its not a bad idea
@zinknot2 жыл бұрын
Copper is a very important metal. But I'm glad so many people share your opinion and leave copper for me.
@SwampNiggaVideos2 жыл бұрын
oh its hitting big fella. Hope you kept up your stack!
@joebirdwell50718 жыл бұрын
After shooting yesterday I was picking up the brass shell casings. I am not sure of the purity of the copper. Would it be worth keeping or selling back to the reloaders?
@scottc3468 жыл бұрын
You are better off "investing" in ammunition. If the shit does really hit the fan bullets will be one of the best commodities there is. Plus you can defend your horde until the very end.
@justadbeer8 жыл бұрын
+Sarah Mcgee Actually, he is correct. People made a killing these past few years in the US selling ammo to all the crazies waiting for the end of the world and zombie apocalypse. I watched idiots pay 10, 20, even 30 times the face value of a lousy box of .22 shells.
@scottc3468 жыл бұрын
Sarah, let me guess, you're an overly emotional woman who things feelings are facts right? If things got really bad, what do you "feel" you would be able to trade better copper or bullets? Ignorant EuroTrash.
@jonahcottrell28798 жыл бұрын
+Sarah Mcgee obviously you don't no fuck all about anything people are selling ~$18 22lr bullet cases for ~$60-$90 because there's way more supply than demand and that's current day standards
@jonahcottrell28798 жыл бұрын
+MonkeyBoyShit more demand than supply lol
@Chickenlegs418 жыл бұрын
+justadbeer Serious. You saw people paying 30X for a box of 22's? Seriously, I walked into the local hardware, plopped down $10 and walked out w/ a box of shells. Walmart, of course didn't have jack. But the local hardware store always had them. Methinks this so-called shortage was largely a created one. You know the small minded people moaning that the gov'ment is going to take our guns away.
@robertg3054 жыл бұрын
How you holding up during the coronavirus!?
@AlexSGabor4 жыл бұрын
Jacob Horvath Been 8 years of #nocopper #coins in #canada #copperkills #saveyourcopper #coppercoins #snapchange
@JDBajaBlast4 жыл бұрын
@@AlexSGabor this year was supposed to be the last year of the one cent coin in America but covid happened I hope with this fake coin shortage they get rid of them
@choochoo51229 жыл бұрын
I saving coins on amazon then got interested in mineral content vs. numismatic value esp.in coins . there are actually formulaes and jargan involved again in regard to coinage. face or melt as opposed to numismatic value etc.hey thx 4 some valuable insight about the most humble denomination of our currencies namely the little copper penny. you are a cool dude thx agan I just subbed
@dannyp20587 жыл бұрын
yeah good idea over here in the UK I've noticed all the pre 1992 one and two pennie coins are disappearing quickly and a way to go over them quickly if doing it by hand to find the copper ones is get a magnet and all non copper ones will stick to that
@leehodge24157 жыл бұрын
the boxes are empty
@matteedstrom9 жыл бұрын
It is illegal to destroy or smelt money, as it is a property of the gouverment of the state. You can face jail time for smelting copper coins into copper bars!
@macprepper9 жыл бұрын
Yes, for now. Nations in Europe and Canada have discontinued pennies and eventually the United states will also, at which time it will become legal. It costs 1.8 cents to produce a penny. The U.S. lost 105 million last year just producing pennies and Nickels (9.4 cent production cost) at a loss. Government efficiency at its best. BTW I did a search and couldn't find a case where anyone has been arrested for melting pennies. It looks like an unenforced law.
@matteedstrom9 жыл бұрын
Not likelly, they will take them back and scrap them, Not allowing random people to do that. Leaving ammounts of copper to a recycler, and they will have to take youre information like names and numbers to keep track of stolen copper.
@not8upwthit9 жыл бұрын
Not to worry I've heard they are proposing making all coins out of steel lol. Isn't that sad we used to be a very wealthy country with silver coins and dollars that could be turned in for gold. Today our coins are like arcade tokens and our dollars just pieces of paper. Very sad
@matteedstrom9 жыл бұрын
***** Actually you are misstaken there! Even as a Swede i know it is illegal in USA to melt coins, but it is a new law pending, to make it legal.
@matteedstrom9 жыл бұрын
***** Stop assuming stuff, look it up before you post
@Ramiromasters8 жыл бұрын
A good way to calculate the value of metals and look at the periodic table of elements. The quantity of an element goes exponentially higher with each number of protons. But for simplicity you can say that for every 1 piece of Gold there is 100 pieces of silver, and for every Silver there is 100 pieces of Copper.
@scstarman3 жыл бұрын
Copper ingots are selling right now (March 3, 2020) on ebay for $6 to $10 per pound. That fact changes the economics of this practice immensely. His $25 worth of pennies converted to 16 pounds of ingots will now sell easily for $100 dollars and, depending on the quality of the ingots, may sell for as much as $160. ALL DAY LONG.
@JohnnyRockva12 жыл бұрын
a man after my own heart...I do the same thing. I know some day we will reap the rewards from doing this! keep stacking bro!
@reecemorton4786 Жыл бұрын
Still stacking copper? Lol
@JohnnyRockva Жыл бұрын
@@reecemorton4786 yes everyday
@reecemorton4786 Жыл бұрын
@@JohnnyRockva must have a ton by now
@pureforce568 жыл бұрын
Male version of the cat lady
@mattlangstraaat35087 жыл бұрын
congrats.. u were right.. very cool of u to share, wish i would have listened
@CarcassGrater8 жыл бұрын
oh god I'm not sure how I ended up here on youtube but this reminds me of my grandmother's copper pennies collection - she has dedicated OUR (grand children) room to her damn extra retirement but who knows what if they're actually for us O_O
@sidharthafocus10 жыл бұрын
Copper is at a low point on it's chart currently so this sounds like a good plan, Also at a cocktail party you can talk about a one metric tonne of bullion, (err copper penny bullion...)
@dinkydogg50388 жыл бұрын
a penny will be worth more then a paper dollar if SHTF is all my man is tryin to tell you..
@Lisa-qs1xd3 жыл бұрын
Today copper at $3.96 ( actually saw $4.03 somewhere per lb).. $100 worth of pre 82 pennies worth about $268....
@leelandglover77772 ай бұрын
Copper now is over 5$ per pound 2024
@Legna18262 жыл бұрын
Yeah, my penny hoarding time is now. Wish I had started hoarding when you made this video. Hope you still have your stash.😁
@williamzlatos12727 жыл бұрын
Suggestion to your 5-gallon bucket problem. Before you put the pennies in the bucket, go to a home improvement store and get some of those flower pot stands that roll.
@PigInATuxedo8 жыл бұрын
Hello! I am from 3 years in the future. And let me tell you, you are wrong!
@papagoose80678 жыл бұрын
+PigInATuxedo Hello I am from 3 years and 1 day in the future. And let me tell you, you are wrong!
@justinb45108 жыл бұрын
+PigInATuxedo Hello! I am from 3 years, 4 months, 2 weeks and 0 days in the future. And let me tell you, man am I ripped.
@PigInATuxedo8 жыл бұрын
Justin Bates Hello Justin I am from 3 years 4 months 2 weeks and 1 day in the future and I am not ripped. Tell me your secrets Justin.
@jancloddlafront91858 жыл бұрын
+PigInATuxedo Me too
@regressmenot8 жыл бұрын
+PigInATuxedo Hahaha! Me thinks you're right.
@supernewuser9 жыл бұрын
If you took a handful of the zinc pennies out of the zinc bucket, why did your sorter put 95% of them back into the copper bucket?
@coltenmeyer27759 жыл бұрын
Thank you i noticed the same exact thing, it was bothering me.
@michaelwright88909 жыл бұрын
Colten Meyer he probably has not pulled out the zinc ones and uses the zinc bucket for when he starts but it may just not work!
@coltenmeyer27759 жыл бұрын
Ahahahah maybe it defintiley seems sketchy :p
@dogeking34329 жыл бұрын
He grabbed a handful from the copper bucket with his left hand because his right hand was holding the camera, and instead of putting them in the coin loader, he took them to the zinc bucket and tried to grab a bigger fistful to pick up some zinc pennies into his handful, (but that's super inefficient because he dropped some copper pennies into the zinc pile that he isn't going to resort). Then he added the combined handful to the machine.
@alynicholls32308 жыл бұрын
sorting the copper out in the uk is really easy. since new pennies/coins are steel clad, so a magnet gets out the clads.
@PrepperMountainSolutions8 жыл бұрын
Wonder what my 44,000 lbs of telecommunications wire from the late 1970's is worth now! Years ago we got to do demolition on old phone company control centers. I saved thousands of pounds of computer boards, all the wire, terminals and even the copper heat sinks filled a 1 ton truck bed till it hit the axle. Now I know why I saved it all!
@brandonrippeonphoto8 жыл бұрын
Invest in what ever this guy is smoking cause thats some powerful shit
@ranger175a2w10 жыл бұрын
If those are NEW pennies their 90% zinc. Pennies BEFORE 1982 are solid copper.
@moonanddarkness10 жыл бұрын
Yup, that's what i heard too, makes no sense for the government to make a coin denomination with a metal that's worth more than the denomination itself. People used to do what this guy is doing right now.
@chadodell48879 жыл бұрын
Alonso Quintero And it's why they changed it. Which is fucking stupid. Why not get the copper back and use it, government is stupid.
@moonanddarkness9 жыл бұрын
Chad O'Dell Probably not worth the investment.
@skatershawn4109 жыл бұрын
Did you watch the video? He has a machine that separates the copper one from the Zinc ones.
@moonanddarkness9 жыл бұрын
Shawn Huetter But that requires employees too. It might as well be that they aren't that smart..... wouldn't be the first time....
@zekeisme18 жыл бұрын
sorter dont work. lol one handful from on bucket went in both jugs. how is that correct? when u pick them up from one jug that is catching the tail-lings?
@acman09267 жыл бұрын
why when you grab a handful out of the zinc box, then put them in the sorter, did it throw most of them in the copper box?
@thereal_johnle9 жыл бұрын
"Stock market hasn't done so well"...no no no correction YOU (or your money manager) haven't done so well. So stop blaming the stock market for YOUR poor mistakes.
@anthonydaniel99329 жыл бұрын
John L. he could do like our government and invest in something that will lose money - the difference is instead of having to take a loss our government just prints more money and raises taxes. wish it worked that way for me
@thereal_johnle9 жыл бұрын
anthony daniel What are we going to do about it? Might as well try to make some money. We don't have the power to stand up to the government nor do I want too. I like my freedom too much.
@magicstix0r9 жыл бұрын
The hillarious thing: Pennies are mostly zinc, not copper.
@macprepper9 жыл бұрын
Only mid 1982 and later are zinc. You must not have watched the video
@DinoHunter569 жыл бұрын
macprepper Yup, you're absolutely right. And pre 1959 is worth even more.
@choochoo51229 жыл бұрын
forgot to ask how do you get boxes of pennys like that ? do I just go up to teller and ask for box?
@richardsandwell22858 жыл бұрын
Copper price is fairly low at the moment, so its a good time to buy. Copper is a finite resource and is always going to be valuable for the electrical uses alone. So long term its only going to sky rocket in price.
@SergeiTheAnarch9 жыл бұрын
I was under the impression that melting US coinage was illegal...
@coltenmeyer27759 жыл бұрын
No.
@Gunner32109 жыл бұрын
Shrewd _GC Of course it is. Google 'Section 331 of Title 18'. You can face up to 5 years in federal prison for it.
@coltenmeyer27759 жыл бұрын
Gunner is wrong.
@Dtyler1719 жыл бұрын
Shrewd _GC It doesn't matter if it is illegal, people will buy them for melt value, whether or not they are going to actually melt them? Who knows? More importantly, who cares?
@aztkshorty91389 жыл бұрын
Shrewd _GC Actually, you can have a fine of 5000, or 15 years in prison.
@macprepper8 жыл бұрын
If you have a large copper penny collection and would be willing to be in a documentary contact Rich at www.dearpennyfilm.com or dearpennyfilm@gmail.com. Looks like it going to be pretty good!
@MegaMech8 жыл бұрын
+macprepper Does a few bins of pennies and a container thingy that dogs eat out of count as large penny collection?
@Choconagitana8 жыл бұрын
+MegaMech if those bins are full he has over a thousand dollars in pennies sitting there, so yeah I think a "few" bins of pennies counts as a large collection...
@Bluelightbandit8 жыл бұрын
+MegaMech lol
@MegaMech8 жыл бұрын
G Jenkins But its the penny! I haven't seen one in years! Of course people are gonna stock pile them.
@MegaMech8 жыл бұрын
G Jenkins Pennies don't exist in Canada
@joshbrucks7 жыл бұрын
you CAN get silver at a discount. go to the bank and exchange some money for 50 cent pieces. if you find ones old enough, they have silver in them. if you dont find silver, just exchange them for more.
@alan301896 жыл бұрын
Keep the 2009 series pennies also. Current copper spot price is $3.11 per pound, so $1 of copper pennies is now worth $2.08 in intrinsic value.
@chrisdenney41827 жыл бұрын
Smelting them down into bars and sell the on ebay. Some idiot will pay a ridiculous price for them.
@Dozerfreitas7 жыл бұрын
illegal to since 2006 for pennies and nickels
@chrisdenney41827 жыл бұрын
Dozerfreitas Lol. don't tell anyone. just label them as copper bullion. it's equally worthless
@brettoberry67957 жыл бұрын
Ill eagle is a sick bird. If the metal is melted, where is the evidence of a crime?
@cameron65376 жыл бұрын
Imagine the shipping cost
@tonyblack39575 жыл бұрын
Cart it over to Canada , melt it down,
@TheWeaselWhisp8 жыл бұрын
i had a similar thought with exchanging cash to foreign currency & then back again if it goes up etc
@eggslicer23996 жыл бұрын
You can easily tell the difference between a copper or zinc penny by flipping it. If it rings while it's in the air then it's copper. If you flip it and the penny makes a short "tink" sound, then it's made of zinc. (if it goes "tink", then you know it's zinc)
@campc18 жыл бұрын
That $900 would do better sitting in a bank and earning more pennies by the month
@campc18 жыл бұрын
+Mystery Buyer NOT! In fact, the bank(s), plus other investments, PAY ME hundreds of dollars every year. LMAO, just because they are in possession of my money. Laughing all the way, literally, to the bank.
@hellobooom7 жыл бұрын
exactly, people really understand NOTHING about the current climate and or precious metals.
@tubbehht92367 жыл бұрын
you mean the bank would use the money, because that is how banks operate and are able to pay you interest, lol
@psygn0sis8 жыл бұрын
Am I the only one who noticed his sorting machine sucks? He took pennies the were already sorted into bucket #2 and put it in the machine... (they should have all dropped back in to bucket #2).... it spit most of them in to bucket #1.
@genericjonathan41155 жыл бұрын
No he also took a handful of copper ones and put them in the machine as well
@PrepperMountainSolutions8 жыл бұрын
Get yourself a basic business license and use it to bid clean up jobs on derelict homes and buildings. One building I did had massive copper bus bars in it for the electrical. Each one was over 120 lbs of pure copper from the 1920's. 24 in all. Now its buried around here somewhere waiting to be needed. And yes, you can bury copper as long as your soil is not overly acidic. You also can get you a very small backhoe and do cleanups of small residential trash piles and like me, you can get your valuable metals stash to bring home while using the old wheels, washing machines, bed frames etc you find to finance your work.
@almay5808 жыл бұрын
the mint stopped producing memorials and started producing shield pennies. Would the memorials not increase in value in he future as a collectible, if taken out of circulation?
@macprepper9 жыл бұрын
600th comment!!!
@artistfrank85119 жыл бұрын
Congratulations! :)
@joshbyrnesuk9 жыл бұрын
It's better to just have a old coin collection.
@menkio9 жыл бұрын
hey man, i kinda feel bad for you.. my professor brought up this video and basically spent 45 minutes pointing out how dumb america is getting... you really should take some college classes, online also has some good free financial classes for free..
@kunschner9 жыл бұрын
Darrel Oateast Professors aren't too smart themselves.
@eik64859 жыл бұрын
Kunschner Corrections professors are very intelligent rather it's teachers who aren't too educated.
@masscomnet8 жыл бұрын
I can invest the same amount of cash in equities and make 20 times more than you. This is a terrible idea.
@joshanderson37168 жыл бұрын
We both have copper currency. The difference is that Min has some Lead, Brass, and Primer.
@Bill-xx2yh5 жыл бұрын
Do the best you can with what you have. That’s all any of us can do. Good luck to you friend. :-)
@EngineeringNS8 жыл бұрын
But its a crime to melt them down. Don't Get caught. *edit* Very interesting plan! Certainly seems foolproof.
@KonaBroLP8 жыл бұрын
Pennies are 2.5% copper.
@EngineeringNS8 жыл бұрын
k0na_bro LP not the old ones.
@doomerbained8 жыл бұрын
He's saying he would melt them down if they discontinued them
@EngineeringNS8 жыл бұрын
Anthony Delara Yeah, After watching the rest of the video, I realized that. It is a good plan.
@justadbeer8 жыл бұрын
+Anthony Delara Melt them down and do what with them? He is obviously hording these for some SHTF scenario. What his plans don't take into consideration is that if that ever really happened, the entire economy would collapse and his copper would be worthless while his food and ammo would be priceless. His time would be better spent scraping for old copper wire (for free) which is +99.5% pure, or for that matter, any type of metal and cashing it in at a yard and buying his prepping supplies (for an event that's never going to happen) or re-invest it in something that he could turnaround fairly quick. Hell, if he used the 2k in pennies to buy .22 shells he could probably make 10k off of it in Hillary's first year in office.
@kashewz9 жыл бұрын
Half of this video you' keep repeating yourself. How many times did you mention inflation, fiat, countries dropping pennies, etc in this one video? A 2 minute video tops being stretched into a 7.5 min video because someone loves hearing themselves talk.
@jayc76639 жыл бұрын
He states different points. I'd love to see your video. Cheers!
@DeathmetalPersian8 жыл бұрын
+Jay C (fireflames) no, he really doesn't. this is like 2 minutes of content and 5 minutes of pure redundancy. Not to mention all his points are moot because they are based on the insane whim that the penny will be discontinued completely.
@jayc76638 жыл бұрын
I'm sure he posted this video for fun and he could care less what the critics have to say, i would love to see you make a response video and state your points.
@ericmiedema21248 жыл бұрын
+Kayvon Afshar The penny is discontinued where i live so..... yeah
@DeathmetalPersian8 жыл бұрын
Jay C i dont think you understand the fact that one doesn't need to make a video to state the simple reality of things.
@ravemac50082 жыл бұрын
Copper makes a specific sound so if you are only saving these to make money with just bounce it off of something wood concrete and listen to the sound the copper makes. zinc has a dull sound copper has a ring to it also if you happen to find the 1982 small date copper penny minted in Denver do not melt it lol
@rodboy44618 жыл бұрын
i am Electrical contractor i get lots of scrap copper wire most of it get dumped wondering if i should store it
@djdjerojr8 жыл бұрын
'It's always gonna be worth a penny' , wtf is that? In that case stick with the 100 dollar bills because they'll always be worth 100 dollars? What kind of logic is that?
@barroldtrumboma91628 жыл бұрын
Obviously you dont understand. Hes saying by investing in pennies you wont lose money. It will stay at the value of a penny. But if the government discontinues them. They will he worth 3 cents each because it has no more value as a coin, only its metal.
@djdjerojr8 жыл бұрын
+xLADIES MANx13 I get it but the fact that they will always be worth a penny isn't a reason on it's own.
@chameleonedm8 жыл бұрын
+xLADIES MANx13 Except the fact that the buying power of that penny is reducing, not increasing. On top of that, China has stopped buying so much copper, prices are crashing back down to ~2006 levels. So this was a terrible investment.
@eggz018 жыл бұрын
+Dj Djero It is considering why he's invested in them. It means it's safe. if he got loads of 100 dollars, there's no chance of him making money, but with pennies there will. The fact, though, that a penny is always a penny means he'll never go below what he started with. it's either he profits or not because a penny will always be a penny
@djdjerojr8 жыл бұрын
I understand the overall point he was trying to make but that on itself was not a valid reason, the only reason is the value of the metal.
@SoggyCow8 жыл бұрын
only a dude with a ron paul picture would spend endless months buying pennies and buying an expensive penny sorter, rather than researching a couple weeks for a good company to invest in for a couple years at the stock market. i see why theres so many negative views on this video (idea). xD
@PM-vb4od7 жыл бұрын
I guess it's a hobby as well as an investment for some.
@hellobooom7 жыл бұрын
The stock market?? for HOW LONG????
@MrSims-ky2ne5 жыл бұрын
Soggy cow, you could have a pocket full of hundred dollar bills. If the us dollar crashes a few pre 1982 pennies have more value, unless you need to start a fire in which the paper hundreds then will have a higher value (to you only) you don't get it clown shoes 😂
@rexterrocks8 жыл бұрын
I always assumed that British coppercoloured coins were made out of mostly copper. They obviously aren't anymore because I noticed modern copper coloured coins are now magnetic. Coins never used to be magnetic whether they were silver or copper coloured. They still appear to have the same mass. as older coins. I know this as I used to use them for weighing stuff and 1 British penny has weighed 3 and a half grams or one 8th of an ounce for over 30 years. A 2 penny coin weighs 7 grams or half an ounce. They seem to have altered the material yet kept the mass as they haven't changed in size. I would guess that it's because of the monetary value of the coin compared to the value of the actual coin material .
@Ben7seven78 жыл бұрын
The "old man" on Pawn stars was doing the same thing. His son found buckets full of the copper pennies. Eventually the forced the old man to change them in. Anyway this is not something I would recommend anyone doing to this scale but if that floats your boat then go for it.
@alexnaz96638 жыл бұрын
So.....those bennie babies didn't pay off?
@SodiumGated4 жыл бұрын
Vicious
@hashglass10 жыл бұрын
be worth more than paper money one day
@TIB197310 жыл бұрын
Never. Or at least not in our lifetime. Its too abundant and used widely in construction and anything tied to construction can't be too expensive. Also, check with your bank, they have limits on how much change you can turn back in at any given time. also, coinshops don't want common pennies, they have enough, which leaves recyclers who don't pay squat.
@danielbenedict88184 жыл бұрын
TIB1973 recyclers won’t pay for pennies because they cannot legally recycle them!
@cdevidal8 жыл бұрын
Cool thing about the new zinc/copper pennies, they are actually not entirely worthless. The current melt value is 40%, and if there's ever hyper-inflation that certainly will increase. So even new pennies are worth saving. Check out the current value at Coinflation.
@cdevidal8 жыл бұрын
I am? Please explain.
@TheGhjgjgjgjgjg8 жыл бұрын
+Christopher de Vidal id·i·ot ˈidēət/ noun informal Christopher de Vidal
@cdevidal8 жыл бұрын
My question is, what did I say wrong? It is factually correct that each new zinc penny is currently worth 4/10ths of a percent and it is also factually correct that in a hyper-inflation the values of metals rise relative to the currency. If I am wrong, please tell me why?
@cdevidal8 жыл бұрын
Zinc, though readily available and abundant, nonetheless does have a tangible and dependable melt value, per the commodities houses. It DOES have SOME demand. (If nothing more than to make pennies.) In hyper-inflation, the cost of all commodities, zinc included, rises relative to currency, does it not? Isn't it true that in hyper-inflation it takes bundles more monopoly money to trade for an ounce of silver? I'm not the only "idiot" to talk about this. "Hyperinflation will destroy the value of their dollars while inflating the value of your metal wealth in coins." coincollectingenterprises.com/copper-pennies/hyperinflation-coins "In Zimbabwe in 2008, hyperinflation increased caused the bills to get so many zeros (e.g. billion dollar bills, trillion dollar bills) that they eventually said, okay, 10,000,000,000,000 is now equal to 1 new dollar; but the 1 dollar coins, although they probably disappeared from circulation, were reintroduced after the revaluation... as still being worth 1 dollar. (..) In current Argentina, the coins were more valuable than the bills (at least for a time), due to a coin shortage, but also perhaps due to the hyperinflation that Argentina had experienced." valuesystem.livejournal.com/50672.html "it will take more and more worth-less fiat paper currency to purchase the same amount of Gold and Silver." (And copper and zinc and wheat and orange juice and wood and pork bellies and all kinds of commodities.) gold-forum.kitco.com/archive/index.php/t-84999.html "it was possible to buy a block of downtown Berlin property for a handful of gold coins during the Weimer collapse" (And how many copper coins? However many copper coins, multiply that by 6 for the number of zinc coins.) gonzalolira.blogspot.com/2011/02/inflation-hyperinflation-and-real.html As a bonus, if that ever-elusive unlikely deflationary scenario were to hit, the face value on the pennies would be important. Bottom line: All metals have value. Some more than others, but all have intrinsic value. Hyper-inflation has historically inflated the value of all commodities, zinc included. This isn't my opinion but historical fact. Oh and by the way, just a few years ago, the zinc in new pennies was actually worth about as much as one cent in melt value. Today it's worth 70 cents/lb which works out to about 40% of face value on a per-penny basis. But back in 2008 it was worth about $2/lb, or roughly 100% of a penny's face value. We hit another one of those Great Recessions, (or Great Depression II) look out. www.infomine.com/investment/metal-prices/zinc/all/ That's all this "idiot" has to say, you all may have the last word. Good night, God bless.
@dahoser1eh8 жыл бұрын
Are those boxes of pennies in rolls or loose? just curious if you bought them in that box form already sorted pre 1982's
@aus713838 жыл бұрын
1 gallon of pennies = 30 pounds 2/3 of 5 gallons (3.33) = 175 pounds ......this doesn't add up! lol
@edbear84838 жыл бұрын
To save Pennies like this, is called HOARDING!!!!! The Secret Service & US Mint would like to have some words with you.
@danielbenedict88184 жыл бұрын
ED Bear Please share with us what law says someone cannot store pennies, coins or other forms of money. What are the criteria to determine when it is illegal (what items, quantities, $ values, etc.)? If as you claim it is illegal to keep more than a certain quantity, then the government should facilitate the “re-circulation” of said items thru post offices, banks, etc. However, the exact opposite is the case ( which is absolutely fine with penny “hoarders”!) - We see on the news regular stories of someone trying to pay their bill in coins, and the payee business or government agency says they don’t want all that change!
@personofaperson78148 жыл бұрын
that would be a good idea but pennies are now made of zinc with a copper "varnish" but you could do it with pennies made before 1982
@iFrostys8 жыл бұрын
How does that coin sorter determine between copper and zinc ones?
@MrHeadshot19829 жыл бұрын
most penny are not pour copper
@larsentosh97109 жыл бұрын
bud morse pre- 1982, they're almost completely copper
@gmanthatguy8 жыл бұрын
+Jeremy Kelley modern pennies have little to no copper at all
@seanmurphy90958 жыл бұрын
+Jeremy Kelley He's stacking copper pennies which is pre 1982 US pennies and pre 1996 canadian pennies. They were 95% copper.
@copndonuts8 жыл бұрын
*pure
@klanny229 жыл бұрын
Isn't this illegal? Melting down currency for your own profit?
@coltenmeyer27759 жыл бұрын
No.
@Gunner32109 жыл бұрын
***** Yes. It is illegal. Google 'Section 331 of Title 18'. You can face up to 5 years in federal prison for it.
@Gunner32109 жыл бұрын
Colten Meyer What do you mean, 'no', you fucking moron? There is only one version of the law. It clearly states that melting coins is illegal and carries prison time.
@coltenmeyer27759 жыл бұрын
I was hoping the commenter was gunna be like yes it is and then i was gunna say "whyd you ask then?" I notice alotta people post questions they have the answer to so when you do respond they can tell you your all wrong. And shooting heroin is illegal but people do it all the time, whens the last time you seen johny doing life in prison for melting copper into ingots? Never. Now defacing those coins to make other money is probly highly illegal but for melt theres no possible way to tell if it was pennys and no body would be the wiser. Illegal it may be but impossiable no.
@_FrankieV9 жыл бұрын
Gunner3210 Congratulations, you know how to use Google.
@SJsmixedAdventures5 жыл бұрын
Nice to meet you..
@ajmcrobs8 жыл бұрын
use a ramp to sort. Make a ramp, send a copper one down and mark where it lands. do it with a new penny and mark where it lands. throw a bucket under both spots.