Hoarding copper cents crazy or smart?

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BullionVault





 Hoarding copper cents can be seen as both crazy and smart, depending on one's perspective and motivation.


On the "crazy" side, hoarding large quantities of pennies can take up significant space and require substantial effort to manage. Additionally, the potential financial gain from hoarding pennies might not be immediately apparent or guaranteed, as the value of copper fluctuates, and there could be legal restrictions or logistical challenges involved in selling large quantities of pennies for their metal content.


On the "smart" side, some people view copper pennies as a hedge against inflation or as a long-term investment strategy. The logic is that the copper content of pennies (which were predominantly made of copper until 1982) could become more valuable over time, especially if the price of copper increases relative to the face value of the coins. Some collectors also value older pennies for their historical significance or numismatic value, which could potentially appreciate over time.


Ultimately, whether hoarding copper pennies is crazy or smart depends on various factors, including individual circumstances, risk tolerance, and investment goals. It's essential for anyone considering such a strategy to carefully weigh the potential benefits and drawbacks before proceeding. Additionally, consulting with financial or investment professionals can provide valuable insights and guidance.

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