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AgMan
New Member
12 Posts |
 Posted - 10/11/2009 : 09:29:01
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Just finished sorting my first $100+ awhile back. So I went to my credit union to order $100 of pennies (they told me they order them from BOA). No questions asked, they are happy to order as much as I like. I went to pick them up on Friday, and they gave me 4 $25 sealed boxes of 2009 P Professional Life Lincoln pennies. At first I was discouraged because I had nothing to sort. Then I went home and listed 3 of the 4 boxes as 1 day auctions on Ebay with starting bids of $40. 24 hours later and somebody bought all 3 boxes for $65 each (plus $11 S&H each), netting me a profit of $120! Plus, I get to keep the 4th box for free. My wife is going back Monday to order $200 in pennies. If I get sealed boxes, great... instant profit. If I get old pennies, lots of sorting to do. The way I look at it... that $120 profit means my first 12,000 CU pennies are free.
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twocents
Penny Pincher Member
162 Posts |
Posted - 10/11/2009 : 10:40:26
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| Good for you. That is a nice score. I have only ever seen three Professional Life coins in the wild. I have of course seen the proof coins. |
Just my two cents! |
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HoardCopperByTheTon
Administrator
USA
5231 Posts |
Posted - 10/11/2009 : 10:50:33
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Congratulations! Getting zinc isn't so bad as it was in the past. You could buy boxes of solid copper with the proceeds. You may want to give your buyer combined shipping on those 3 boxes. It is customary to pass the S&H savings on to the buyer when selling multiple boxes. You can easily ship all 3 boxes in a flat rate box for the same price as one. Check out the instructions for shipping copper pennies in the members only section. Even though zinc cents are lighter, the instructions are still relevant. Tape is your friend.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 10/11/2009 : 14:17:22
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First post he finds Ag, second post he's turning a profit on Zn. You're off to an excellent start.  Congrats.
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dakota1955
Penny Hoarding Member
800 Posts |
Posted - 10/11/2009 : 14:26:41
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| Some people have all the luck. |
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HoardCopperByTheTon
Administrator
USA
5231 Posts |
Posted - 10/11/2009 : 21:59:12
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| Nah, it happens that way all the time.. it's just to suck you in. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Dalsuh
Penny Collector Member
USA
399 Posts |
Posted - 10/12/2009 : 01:47:39
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| Those are some excellent numbers. $100 dollar investment to get $120 profit and 1 box free. Very nice. With your luck you should trying sorting some halves. |
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MichaelOnion
Penny Sorter Member
USA
46 Posts |
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metalmoney.ca
Penny Sorter Member
Canada
43 Posts |
Posted - 10/12/2009 : 11:51:12
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| yeah, i got sucked in with a george v in my first box. instant addict. that box also had a couple dimes, and a fair few wheats too. |
metal is a claim on future human labour. let's all go get some while the getting is good, eh? |
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JobIII
Penny Collector Member
USA
464 Posts |
Posted - 10/12/2009 : 12:35:23
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Congrats! I don't want to be a downer here but you should note the following about ebay.
Given the prices you stated above, you actually walked away making 56.81 per box. equaling a total sales of 170.43 minus the investment (75) gets you a total earning of just under $95.00...
It's not horrible, but they will take an immediate cut in the ball park of 13%. |
Selling Coppers 1.35 + shipping. *800.00* ~sold~ |
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AgMan
New Member
12 Posts |
Posted - 10/12/2009 : 20:39:02
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quote:
Originally posted by JobIII
Congrats! I don't want to be a downer here but you should note the following about ebay.
Given the prices you stated above, you actually walked away making 56.81 per box. equaling a total sales of 170.43 minus the investment (75) gets you a total earning of just under $95.00...
It's not horrible, but they will take an immediate cut in the ball park of 13%.
You're right... forgot about the fees. I haven't sold anything on E-bay in awhile. Oh well, I think I'll sell the 4th box too... what do I need a bunch of rolled 2009's for? |
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HoardCopperByTheTon
Administrator
USA
5231 Posts |
Posted - 10/12/2009 : 21:22:13
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| Besides.. you could always just rebuy them later when they are cheaper. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Ordered Another $100
