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JobIII
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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PennySaved
1000+ Penny Miser Member
USA
1720 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? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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G Powerbuck
Penny Collector Member
USA
256 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
1000+ Penny Miser Member
2212 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
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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daviscfad
1000+ Penny Miser Member
USA
1664 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
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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giddyup99
Penny Pincher Member
USA
154 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? |
Experience is what you get when you don't get what you want. |
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G Powerbuck
Penny Collector Member
USA
256 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 Pincher Member
138 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
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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PennySaved
1000+ Penny Miser Member
USA
1720 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. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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JobIII
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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phildogg
Penny Sorter Member
51 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
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/24/2009 : 16:37:53
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| Interesting. Not one member only searches for silver. definitely interesting! |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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copperpennies
Penny Pincher Member
USA
222 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 Pincher Member
USA
187 Posts |
Posted - 08/25/2009 : 17:16:04
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| I stick w/ coppers but those are some close results. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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Megaman
Penny Pincher Member
USA
173 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
1000+ Penny Miser Member
USA
1507 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 Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Cody8404
Penny Hoarding Member
USA
602 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 Pincher Member
USA
125 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. |
Running total:
Halves searched:$14,445.50
90% found: 122
40% found: 481
Dimes Searched $2100
Found: 5 |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 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
1000+ Penny Miser Member
USA
2408 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/
http://wherewillyoubein2012.blogspot.com/ |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/15/2010 : 16:16:43
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| Beauanderos. You have to pace yourself. Some banks will do that others if you build good relations first before ordering large amounts may be less likely to close you out down the road. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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What should one search for?
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