Archive for the ‘Precious Metals’ Category

25
Apr

   Posted by: RobPatton   in Humor, Money, Precious Metals

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A person I work with decided it would be funny to pay me a small debt, in pennies, unrolled pennies. Little did he realize, that I just love coins.  So I spent about 30 mins of my saturday to sort and roll them.Things to keep in mind.1. Pennies 1981 and older, are 95% copper, after 81, they are about 5% copper.  Pre 82 pennies are worth more in copper, than the penny is worth.2. Wheat Pennies were made 1958 and before.3. Canadian pennies are worth nothing, really.

What I found was this. Of the 1000 pennies:

1958 and prior:      13      1.3%

1981 and prior:    748     74.8%

1982 and newer:   230    23%

Canadian:                 5       .5%

4
Mar

   Posted by: RobPatton   in Precious Metals

Just for ha-has, I took the posted spot prices of Gold and Silver today, and figgured out the percentages.

One Year Returns:

Gold: 33.78%

Silver: 35.49%

So if 1 year ago today, you had invested 1000$ in gold, today you would have $1337.79, $1354.86 for silver.

14
Jan

   Posted by: RobPatton   in Money, Precious Metals

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26
Sep

   Posted by: RobPatton   in Precious Metals

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These undated handout artist renderings provided by the U.S. Mint shows four of the designs under consideration to replace the ‘tails’ side of the Abraham Lincoln penny. during the 2009 observance of the 200th anniversary of Lincoln’s birth and 100th anniversary of the introduction of the Lincoln penny. To commemorate the event, the U.S. Mint, at the direction of Congress, will introduce four rotating designs on the one-cent coin for that year depicting different aspects of Lincoln’s life. The designs will replace the engraving of the Lincoln Memorial on the ‘tails’ side of the coin. The famous profile of Lincoln will remain on the ‘heads’ side of the coin. (AP Photo/US Mint)

I’ll still more interested in pre 1981s.