krach (OP)
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October 19, 2013, 08:05:05 PM Last edit: February 10, 2014, 02:52:58 PM by krach |
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Now accepting ALL coins supported by coinpayments! You might have Silver or Gold but do you have copper? Can you buy Silver or Gold below spot price? We offer Copper Pennies below spot price: OUR PRICE 199$ in current BTC price for 65.1356 pounds of copper and 3.4282 pounds of zinc in our 95% copper pennies(10,000 pennies) FREE SHIPPING IN THE USA Metal value total is around $216OVER 25$ BELOW SPOT PRICE!Oder via PM, Or use the website which uses bitpay -Order via PM for Bitstamp BTC price, I think Bitpay uses Mt.Gox- http://pennyhoards.com/FAQ: Is it legal to melt US currency? NO, it is illegal to melt pennies. However if they are done away with then it would be legal. Canada is phasing out pennies (for example). Can you ship outside the US? We can ship to Canada PM for rates. Can´t you just do this yourself? Yes, these pennies are still in circulation. You can also hunt for silver quarters, dimes and nickels. However it would take a long time for you to hunt for 10,000 copper pennies by hand. Why copper? It is used in most electronic devices as well as things like bullet shell cases and other usefull things. If you are a conspiracy theorist then you will see that the copper market is less manipulated than the gold or silver market. Isnt the box of copper huge?! No, It is not that big really. It is kind of heavy though. Can I order larger ammounts? YES! If you would like to oder one ton of copper pennies then get in touch. PM or post any more questions Thanks
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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johnniewalker
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October 20, 2013, 04:20:32 AM |
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These are useless to me as bullion-its illegal to melt them down.
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krach (OP)
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October 20, 2013, 08:41:03 AM |
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"These are useless to me as bullion-its illegal to melt them down." Yes they are illegal to melt down at the moment. The will change in the future, nobody knows exactly when. Canada is phasing out the penny- http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002#.UmLiFRCbGSoCheck out all other copper bullion, it is often +100% spot price not under spot. This is a long term buy. BTW melting of silver coins in the 60s 70s was illegal, and could still be. I am not a lawyer so I dont want to make claim something that is not true but here is an interesting site http://wiki.answers.com/Q/Is_melting_silver_coins_legal"Is this offer USA only?" Yes, there is an issue with shipping or sending large ammounts of this kind of coinage over boarders. Why? Because then you could melt it.
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krach (OP)
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October 23, 2013, 10:46:36 AM |
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A few IFs about copper pennies: If the penny is discontinued then is should be legal to melt the coins. Canada is phasing out the penny (for example). If the copper price crashes then the goverment has backed up your coins-They are worth at least one cent each no matter what. If the goverment that created the coins does not exist anymore then they will have value due to the copper content. What other metal can you buy below spot price in large ammounts, for bitcoin?!
Virtual is good, Physical is better
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tim-tams
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October 23, 2013, 02:42:38 PM |
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These are useless to me as bullion-its illegal to melt them down.
It doesn't matter if you can't melt them down, they still have inherent value. A 90% silver quarter sells for $4-5 these days, even though it's only worth 25 cents and technically it's illegal to melt them. Still, it has value.
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DebitMe
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October 23, 2013, 07:48:47 PM |
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Has anyone used this service and can comment on its authenticity?
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Morbid
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October 23, 2013, 07:51:15 PM |
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isnt it easier to just go to abandoned factory and strip the copper off large cables?
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krach (OP)
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October 23, 2013, 08:09:39 PM |
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"Has anyone used this service and can comment on its authenticity?" Nobody here has ordered yet. However you can look at my past sales of domains, all were postive transactions. If you want we could organize an escrow service. "isnt it easier to just go to abandoned factory and strip the copper off large cables?" Well to be honest - No. Why? 1. That is illegal, you are risking jail time for collecting copper. 2. It takes a lot of effort,logistics and planning 3. Most of the copper in abandoned buildings has already been stripped by the owners or by someone else. Why not sit back and trade or mine bitcoin and just order a 60 pound box of copper deliveried to your home? Much easier indeed! " It doesn't matter if you can't melt them down, they still have inherent value. A 90% silver quarter sells for $4-5 these days, even though it's only worth 25 cents and technically it's illegal to melt them. Still, it has value." Yes that is why it is a good deal.
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krach (OP)
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October 23, 2013, 09:15:05 PM |
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krach (OP)
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October 25, 2013, 06:45:27 PM |
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Littleshop
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October 25, 2013, 06:55:32 PM |
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isnt it easier to just go to abandoned factory and strip the copper off large cables?
Compare: exchange a few PM's and send BTC online vs gather tools, get in a vehicle, trespass, find copper, cut off copper (hope they are off!), strip wires (hard) No. I think it is easier to buy the copper here.
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krach (OP)
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October 28, 2013, 01:12:07 AM |
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krach (OP)
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October 28, 2013, 08:55:33 PM |
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krach (OP)
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November 12, 2013, 02:49:01 PM |
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krach (OP)
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November 12, 2013, 06:30:18 PM |
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Lots, my partner has a whole wearhouse. If you want tonnage then let me know.
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krach (OP)
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December 21, 2013, 07:58:41 AM |
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bbbbbump
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krach (OP)
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January 19, 2014, 11:34:15 AM |
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johnniewalker
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January 20, 2014, 12:57:55 AM |
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You guys must have A LOT of time on your hands (or developed some contraption to filter out the pre-'83s, which would also take a ton of time). I always find these listings funny (they're all over eBay). To the person that said its irrelevant that you can't melt them down, they're still bullion...WRONG. They're a penny. They are worth 1 cent. All I saw on the first page was IF. Copper bullion is worth peanuts anyway. My solution: have a cigar box and chuck your pre-'83 pennies in there. By the time copper is worth anything (if that happens in our lifetime) you will have more than 10,000 pennies. Doesn't it just seem illogical to anyone to pay more than face value for something that is (don't be mistaken...and I don't listen to "ifs") legal tender? I'm sorry to knock you here and don't want to come off as a troll...but seriously?
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krach (OP)
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January 20, 2014, 07:13:26 AM |
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" All I saw on the first page was IF."
I wrote IF because I dont want to mislead anyone. Buying these copper pennies partly a speculation that someday in the future it will be legal to melt them down simmilar to how it went with silver US coins.
"Copper bullion is worth peanuts anyway."
These are worth double the face value and you can get them from me for below spot in a 60 pound box that fits in your basement, under your bed or in the corner of your room. Of course copper will never be gold or silver and nobody is saying that.
"My solution: have a cigar box and chuck your pre-'83 pennies in there."
Yes I also suggest doing this since they are worth more than double the face value. When you get 60 pounds(100$) by doing this let me know.
"Doesn't it just seem illogical to anyone to pay more than face value for something that is (don't be mistaken...and I don't listen to "ifs") legal tender? I'm sorry to knock you here and don't want to come off as a troll...but seriously?"
These are being hoarded in such a big way it is silly. Pre-1964 silver coins are legal tender and people pay more than face value. If you have a lot of time you can sort them yourself, or even buy a machine to sort them. Or you can buy them already sorted and sent to your doorstep, of course that costs more than sorting them yourself, but it will save you a lot of time.
Why should you pay more for a 1964 dime? You can find them in circulation. Yes there are not that many, I know. Why? They were hoarded and sorted out manualy and by machines.
"or developed some contraption to filter out the pre-'83s,"
My partner has lots of really really big machines with armored cars coming daily to supply them.
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spartan82
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January 20, 2014, 04:25:13 PM |
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if you are actually successful in melting these pennies into bars, how does one tell that they are actually melted pennies/illegal bullion??
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