Looking forward to an awesome week HSM!
I started doing a few things this weekend
- I started collecting and going through all the change I could find to start saving pre 1982 pennies. They are worth $.025 due to their copper content.
- I started saving all nickels I could find. They are also worth a bit more than their actual monetary value and the government may soon change the content they are made out of.
- I also found out some family members have silver they would be willing to sell me for under spot price. I will be purchasing the coins soon. Around $400 worth of coins.
I am very excited to begin accumulating silver, copper pennies, and nickels. Especially the Silver, I love that it is a place I can put my money and not have to worry about it going to 0. I am buying this silver to hold for later in my life, say my 50s and 60s, or even longer! I hope to have over 100 oz. by the end of the 2012. Achieving that goal will depend on how I do trading stocks. I will be using some of my stock trading $ to buy this silver too. So be on watch for when I add my silver position to the first page of the thread. The nickels and pennies I plan on holding until in my 50s or 60s also, maybe even longer...who knows what the price of copper might be then! Very very long term investments on the pennies, nickels, and silver.
FWIW, I will be purchasing some gold at some point this year. Not exactly sure when though.
I ended up with 5 or so pounds of copper pennies and about $20 worth of nickels.
I figure that is a good start, after all I am just 19.
Anybody else into collecting coins on HSM?
