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JobIII
Penny Collector Member
USA
464 Posts |
 Posted - 08/18/2009 : 15:56:21
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Poll Question:
Just curious what everyone thought about searching for silver and copper in bank rolls.
Given the current amount of silver and copper still in circulation what is a better way to find bullion that can turn a profit.
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Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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PennySaved
Penny Collector Member
361 Posts |
Posted - 08/18/2009 : 17:09:28
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I don't know how I would search for both copper and silver; I barely have time to do the $150 a week I sort for copper pennies.
Has anyone on here made this into a full time job? |
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G Powerbuck
Penny Pincher Member
USA
220 Posts |
Posted - 08/18/2009 : 18:20:58
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| It seems like sorting halves is the best way to get a profit right now, but I'm getting tired of all these skunks. I love pennies because the skunks can be better than getting the regular zinc and copper mix. |
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dakota1955
Penny Hoarding Member
801 Posts |
Posted - 08/18/2009 : 19:10:04
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| I do both and I trade off some weeks doing silver then copper |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/18/2009 : 20:31:42
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| I'm trying to swing 4-5 hundred pennies and 2-3 k in halves a week... It gets tough when you look for variety and errors in the zinc years. But who needs a life outside of work and coining. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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daviscfad
1000+ Penny Miser Member
USA
1305 Posts |
Posted - 08/18/2009 : 21:02:33
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| for halves thats not bad but thats a lot of zincers to go thru! I admire that:) |
Inquiring minds want to know |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/18/2009 : 21:18:37
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| I'm down to the bare essential error variety pack in the zinc years. 84, 95, 98-00. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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giddyup99
Penny Sorter Member
36 Posts |
Posted - 08/18/2009 : 21:32:13
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quote:
Originally posted by JobIII
I'm down to the bare essential error variety pack in the zinc years. 84, 95, 98-00.
Have you found enough of these to make it worth it? I have a pile of zinc I was going to start going through, but have no idea if its something I want to get into or not. I found a couple 1960 small dates just as a test to see if I could find something. Haven't looked for any other varieties so far. What kind of success are you having? |
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G Powerbuck
Penny Pincher Member
USA
220 Posts |
Posted - 08/18/2009 : 21:55:22
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| I personally have had alot of success searching for errors. You can also look at the Numismatics section and see what everyone else has found. |
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biglouddrunk
Penny Sorter Member
86 Posts |
Posted - 08/19/2009 : 01:25:33
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| Lets not forget about Nickel. Our friend in the frosty north are sorting Canadian nickels to find a dime worth of 99.999% Ni. |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/19/2009 : 10:28:38
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Nothing against nickel sorting, but i'm not sure it's really worth it in the US right now. Most of the nickels don't melt above 5 cents.
Giddy, I think it's completely up to you. Aside from work, I spend about all my waking time sorting, searching, and picking-up/returning. Some varieties you find 1 in $25 others 1 $1000. It's up to you to decide where to draw the line. I've made my choice based on the rate I find them. Also copper year errors are great because you don't even need to look at them when you sort for copper. Hold onto them in the copper pile and go back when you have time. It's the zincs you're most likely going to return and need to look at them fast or you'll tie your funds up with error searching. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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PennySaved
Penny Collector Member
361 Posts |
Posted - 08/19/2009 : 14:10:47
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Does anyone sort as their main or sole income?
Sometimes I daydream that I could yardsale on the weekends, sort pennies and look for scrap during the week and not have to work a regular full time job. I know most of you are thinking keep dreaming. |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/19/2009 : 14:22:21
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It seems completely possible on paper, but it would be incredible.
lets say your goal is 2k a month profit. You have a buyer that will purchase at 1.3xFV. After shipping you're walking away with 1.2xfv. So you'd need to sell 10k in coppers a month to make your goal.
Assuming 25% will be Cu you'd need to search 40k a month. or 1600 boxes of pennies. 400 boxes a week. Assuming no breaks in the loading and no jams. IT would take about 56 hours with 1 ryedale to sort a weeks worth of pennies...or 27 hours if you were sucking down black betty's or bennies like Kerouac :)
Right now that seems a little too much work. Though you would certainly make a little extra from the wheaties and IHC's you would certainly find. But the banks would hate you. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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phildogg
Penny Sorter Member
44 Posts |
Posted - 08/19/2009 : 17:29:13
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I don't know how some of you guys afford to sort.. thousands a week?
phil |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/19/2009 : 20:49:37
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| Seriously if you were proactive. you could search 10k in halves with 100 dollars. Granted it would become a problem once you started finding silvers :) |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/24/2009 : 16:37:53
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| Interesting. Not one member only searches for silver. definitely interesting! |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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copperpennies
Penny Pincher Member
USA
215 Posts |
Posted - 08/24/2009 : 17:59:44
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quote:
Originally posted by JobIII
Interesting. Not one member only searches for silver. definitely interesting!
Its in the Copper Penny Bullion Investing forum so most people on the forum already sort copper.
Personally I think sorting pennies is better for me that's why i have not sorted halves for about a year. I have more time than i do money. If i had a large amount of money and not much time i would sort all half's and dimes. My guess is i can make .5%-1% sorting half's while making 7%-9% sorting pennies. |
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jtm3
Penny Collector Member
USA
401 Posts |
Posted - 08/25/2009 : 17:16:04
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| I stick w/ coppers but those are some close results. |
Turn your old video game consoles (and games) into GOLD or COPPER!
Buy/Sell/Trade sub-forum
Firearms are second only to the Constitution in importance; they are the peoples' liberty's teeth.
George Washington |
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Megaman
Penny Pincher Member
USA
131 Posts |
Posted - 08/26/2009 : 01:03:27
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Pennies are easier to obtain and find copper but then again silver is harder but much more valuable
But the thrill of finding something rare is always fun no? |
Must hoard more...... |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 08/26/2009 : 06:55:01
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| I think it has to be the variable rate of return we see when looking for silver is what has me hooked with the whole process. Copper still seems to be just about the easiest thing aside from hoarding NiCu us Nickels. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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Cody8404
Penny Hoarding Member
USA
546 Posts |
Posted - 11/05/2009 : 15:03:08
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| I have given up looking for silver, just not finding it any more. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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EZ_Money
Penny Sorter Member
USA
50 Posts |
Posted - 11/05/2009 : 16:34:57
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| I personally mix it up. I try to keep $1000 for only searching halfs. My other disposable income goes to getting pennies and nickels. When I get short on time to sort, I pick up more nickels than pennies. It is so fast to sort through a box of halfs I always get those and do pennies in between. |
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PreservingThePast
Penny Hoarding Member
USA
697 Posts |
Posted - 11/05/2009 : 16:52:11
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quote:
Originally posted by JobIII
I'm down to the bare essential error variety pack in the zinc years. 84, 95, 98-00.
What about 83 and 97 for error/variety?
There's also 88, a biggie in 92, 94, 96, 2001, 2003, 2004, 2006, and possible errors/varieties in 2007, 2008 and of course we all know of the myriad of those in the 2009 coins.
Keeps me well entertained going through all of my pennies. But it is a fun and inexpensive hobby.
Enjoy. |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/05/2009 : 19:09:41
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I don't have time to sort silver for the low returns you guys report, though I'd be the first to admit that it would be a thrill to discover the occasional find.  I like pennies for the constant reinforcement, they may not have a market yet but still my brain goes kaching every time I pull out a CU. My problem is sources, another bank shut me down today!  |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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What should one search for?
