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fhbob
Penny Sorter Member
USA
39 Posts |
 Posted - 07/26/2008 : 00:52:51
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So I just recently learned about all this and of course the first thing I did was go to my big jar of change and seperate all of the pre 82's and nickles.
So then today I went to the bank and picked up $10 dollars in pennies. 2 of the rolls were CWR and the rest were the plastic bank wraps. So anyway, I found Like 2 coppers in the bank wraps, and it seems that thats what my bank has the most of is the clear bank wraps. Is it just too late to get into pennies?
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Bobby Deese |
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misteroman
Moderator
USA
1246 Posts |
Posted - 07/26/2008 : 01:13:50
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First off,welcome to the site.
Secondly unless you have a hoarder in your same small town, you should be fine.You can always go to another bank if your town has one and if not the next time you go to a bigger town/city save up and buy a little more.
Definitely not too late |
****Always buying wheats and Pre 82's!!!! See post or PM me for details****
http://realcent.forumco.com/topic.asp?TOPIC_ID=2014 |
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Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 07/26/2008 : 04:34:59
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fhbob, welcome to the group! I got into collecting/hoarding copper only since February of this year and asked myself the same question over and over before jumping in with both feet.
At this point there seems to still be tons of copper remaining for us "small fish" to enjoy finding reasonable amounts. Like most things you will run into cycles and get skunked and find nothing but regardless it is a lot of fun.
The forum has a great group of folks with tons of different experiences. Also, let me be the first to tell you a secret, sometimes denied. Yes, you can find Indian Head pennies in circulation! I have found three at random so far and I’m dumbfounded every time I do. Second, if you want to get going fast you "need" a Reydale. Lastly, enjoy yourself and remember it is the experience of the trip versus the destination that counts the most here.
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DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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TXTim
Penny Pincher Member
237 Posts |
Posted - 07/26/2008 : 07:51:57
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Welcome!
Yes, it's too late. HCBT got it all already. |
Beer is my currency. |
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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 07/26/2008 : 08:31:52
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| Welcome - we still have time - enjoy !! |
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scooter
Penny Pincher Member
154 Posts |
Posted - 07/26/2008 : 08:40:14
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There are a a couple of reports here and there of percentages droping but we all get skunked once and a while, You just got skunked on your first try which is a pain in the A$$. Keep trying. Be carefull i tryed to kick it up a notch and now i look like i got hit by a truck.
Watch out for back problems. |
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HoardCopperByTheTon
Administrator
USA
3602 Posts |
Posted - 07/26/2008 : 11:07:28
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It's never too late. No Tim, I didn't get it all yet.. heck, I didn't even get all the Indians yet. Interestingly, my percentages seem to be increasing lately. Normally I get about 20%, but I got a couple of boxes of CWR the other night that yielded 38%!!! I think this is one of the best times to jump in. Lots of old penny jars being cashed in right now to buy gas and groceries.  Welcome to the forum fhbob. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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NotABigDeal
1000+ Penny Miser Member
USA
1848 Posts |
Posted - 07/26/2008 : 11:27:22
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Welcome fhbob. As long as there are ANY coppers left, it is not too late. You will probably want a Ryedale to maximize the time that is left though.
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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starwarsgeek171
Penny Hoarding Member
USA
602 Posts |
Posted - 07/26/2008 : 11:34:15
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| I'll be collecting down to 1%. Hooked! Welcome, fhbob. Up to low 30%s in my area. |
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legacypac
Administrator
Canada
1653 Posts |
Posted - 07/26/2008 : 13:20:48
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In Canada I am getting 45 percent copper from sorting when I exclude the new minty fresh boxes I keep finding. Maybe 35-40 percent of the many US pennies I find in my Canadian change are copper so we have a long way to go before it is not worth saving pennies. That said, the mints keep putting out new debased coins, and pulling the older ones for "alloy recovery", combined with private sorters accumulating means this deal is a limited time opprotunity.
The other easier ways to collect (little work or sorting required) including buying copper pennies off others here, and buying boxes and rolls of nickels. Also a great investment are Canadian Pure Ni Nickels which can be acquired from the Canadian members here.
As others point out, a Ryedale is definately a must for serious hoarding.
Some sort to sell now and make a little money on the side, others collect for a long term commodity metal play, some for insurance in an economic collapse. Most enjoy building an international coin collection for a penny or nickel a coin. Many like finding (or hoping to find) very old coins.
However you choose to pursue the opprotunity, #1 is have fun and remember to find ways help out others by sharing what you learn and giving to charity. |
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NDFARMER
Penny Collector Member
USA
294 Posts |
Posted - 07/26/2008 : 14:14:41
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Welcome aboard Fhbob, No it is definitely NOT too late to get into copper hoarding. I agree completely with HCBTT. My percentages have been going UP lately also. I agree the economy is forcing people to take their jars of coins to the bank to pay the higher expenses.
If you are not having good luck with the banks nearest you, you may have to go out further and find different banks. There may be a hoarder near you or you may have just hit a bad cycle as copper catcher said. Wait a few days and try it again.
Good Luck. |
COPPER - the "poormans" precious metal!!! |
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Flbandit
Penny Collector Member
USA
428 Posts |
Posted - 07/26/2008 : 14:58:30
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| Welcome. Still finding about 25% in Central FL. Although we all get skunked from time to time. |
Are you throwing that out? |
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fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 07/26/2008 : 16:20:39
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| Welcome Fhbob. I started only about 6 months ago, I'm doing fine. You just got a fluke. I've had it happen too, but Yes, Fhbob there is a copper Santa Claus, and you will see him very soon. |
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
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fhbob
Penny Sorter Member
USA
39 Posts |
Posted - 07/27/2008 : 21:06:03
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| Good to know, thanks for the responses you guys |
Bobby Deese |
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GhettoGold
New Member
USA
18 Posts |
Posted - 07/29/2008 : 00:24:26
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| Avoid bank of america like the plague. That's my best advice to avoid getting a box of sh!t. |
www.cuttingthroughthematrix.com --- Clearing the rubbish from the road to reality. |
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HoardCopperByTheTon
Administrator
USA
3602 Posts |
Posted - 07/29/2008 : 09:41:34
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| Picking up another 24 BOS from BofA this week. I'm a contrarian. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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WulfgangKreed
Penny Sorter Member
USA
36 Posts |
Posted - 07/29/2008 : 10:15:17
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| I think its too late to get into copper sorting..... Just leave it to us, we'll take care of that job! lol. I believe we should start the copper sorters union! However, I can't go on strike until the job is done. |
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SANITARIUM_INMATE
Penny Sorter Member
92 Posts |
Posted - 07/29/2008 : 11:31:37
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quote:
Originally posted by GhettoGold
Avoid bank of america like the plague. That's my best advice to avoid getting a box of sh!t.
My BofA gets rolls and rolls of coins from the car wash place right up the road from it. I get all kinds of weird percentages, but it is always over 20%. Welcome to the club fhbob. |
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nutsforcents
New Member
USA
2 Posts |
Posted - 07/29/2008 : 18:25:11
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| hi, long time reader but new member. i have been sorting for about a year and half and have done pretty good so far as i only go through 1 to 2 boxes a week. it is never to late, if your local bank is not going good find another small town bank that wraps their own. it has served me pretty well with normal 20+%. and the harder times get the more penny jars will be turned in. don't give up and keep looking! |
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Ardent Listener
Administrator
USA
2625 Posts |
Posted - 07/29/2008 : 19:12:02
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quote:
Originally posted by fhbob
So I just recently learned about all this and of course the first thing I did was go to my big jar of change and seperate all of the pre 82's and nickles.
So then today I went to the bank and picked up $10 dollars in pennies. 2 of the rolls were CWR and the rest were the plastic bank wraps. So anyway, I found Like 2 coppers in the bank wraps, and it seems that thats what my bank has the most of is the clear bank wraps. Is it just too late to get into pennies?
When it's too late it will be all over for the rest of us too. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Cody8404
Penny Collector Member
USA
340 Posts |
Posted - 07/30/2008 : 13:39:48
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| Smaller banks are the best. Loose coins they have just taken in are generally better. |
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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Art Tatum
Penny Collector Member
USA
395 Posts |
Posted - 07/31/2008 : 02:10:11
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It's never too late! I have a nice bag of corrosion free pennies for you to buy if you like!
$500 face value! |
my machine is running! |
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Economist
Penny Sorter Member
USA
77 Posts |
Posted - 09/06/2008 : 17:54:48
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| (weighted) average copper percentages have been hovering in the 27% range (national average) since 2006. I haven't done any scientific tests yet, but I don't see any trends in the percentages yet. When I do see major trends, you all will be among the first to know! The thing of it is that, even though it seems, from inside the community, that there is significant hoarding going on, there really isn't. Hoarders have yet to dent the copper penny supply in a significant way. |
"Truth is treason in the empire of lies." -Ron Paul, from _The Revolution: A Manifesto_ |
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legacypac
Administrator
Canada
1653 Posts |
Posted - 09/06/2008 : 23:33:14
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| We are actually going to need some industrial scale sorters (Jackson Metals for example) to really dent the copper supply. Just don't buy from my little Bank of America branch that gets all my US zinc dumps now and you will do fine. |
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Ardent Listener
Administrator
USA
2625 Posts |
Posted - 09/06/2008 : 23:58:48
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| I suggest anyone new coming into the game now first buy boxes (at least $250 worth to start from several banks or branches over a period of time) and then weigh them as to get an idea of their copper/zinc precentages.......(see box hoarding thread). If your percentages are good then you can consider either hand sorting them or going for a Ryedale sorting machine. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Topic |
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Is it too late to get into Copper Hoarding?
