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Saving pennies (pre-1982) for copper

 
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dystopia
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Saving pennies (pre-1982) for copper
« on: July 22, 2007, 06:28:51 PM »

Weird.

Stupid Investment of the Week
A thought for your pennies: they aren't worth hoarding
http://www.marketwatch.co...D3F4C}&siteid=yahoomy
Quote
BOSTON (MarketWatch) -- A penny saved may still be a penny earned, but the real question for investors is whether a penny purchased is actually worth a nickel when it comes time to figure their return on investment.

Plenty of small-time investors are betting that the penny will someday be valued like its larger cousin, and so they are snapping up pennies. Taking pennies out of circulation and collecting them is one thing, but paying a premium to buy pre-1982 pennies for their copper value is another and, for most investors, it would be a Stupid Investment of the Week.

« Last Edit: July 22, 2007, 09:16:23 PM by dystopia » Logged Return to Top
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