December 5, 2011, - 2:30 pm
Just how bad is the economy under Barack Obama? Literally so bad that people are counting and saving each penny . . . and some are making money on it. Could your pennies be worth a lot more than one cent?
You’ll find this video report on extreme penny hoarders interesting, but I wouldn’t go looking to cash in on copper pennies anytime soon. It looks like a lot of work for very little profit (though every little bit helps in the tough Obamaconomy). For those selling the pennies on eBay, the buyers have to pay a lot in shipping. I also wouldn’t bet on the feds ending the penny anytime soon, and thank goodness for that, as it will only inflate prices, with stores and vendors raising prices upward to the nearest nickel or dime. Ditto for sales taxes in every state, which will also be rounded upward.
Watch the video . . .
Tags: ABC News, copper, eBay, economy, extreme penny hoarders, Nightline, Obamaconomy, pennies, penny, penny hoarders, video