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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
 Posted - 07/20/2007 : 09:09:25
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Copperheads, when do you think one has a "hoard" of copper pennies? The dictionary definition is simply to store and save money or a supply stored up or kept in reserve. Someone could store up a roll or two of copper, but that doesn't seem like a "hoard" as I understand the definition. It wouldn't be a "supply." Since pennies came in mint bags of $50, maybe $50 should be when one has a "hoard." Certainly a ton, or even a quarter ton, of copper would be a hoard. Or another thought on "hoard" might be when it would be something nice off the face value alone.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/20/2007 : 10:14:05
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Great question! I tend to think of a hoard as being an accomeulation of something beyond an immediate need or use for that item(s). Most hoards are hidden or secret in nature because of either ridicule and/or thief from others.
(I really do know how to spell accu*ulation.)
****************
Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 07/20/2007 : 10:24:53
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| I concur, Ardent. I couldn't have defined it better myself. |
Edited by - Crash on 07/20/2007 10:25:20 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 07/20/2007 : 13:26:15
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My definition is unique - nothing officiaL - in that I equate horading to ones efforts or labor. Since you have to put in some effort to get the copper sorted from the zinc....I think that anyone that has invested over 40 hours (a week of standard work/pay) of their time or the equivalent wages....can pretty much say they have a hoard....otherwise...it is just not significant enough to say you have been hoarding. For the guys hand sorting this may be 5 boxes of copper....for guys with automation - it might be 300 lbs.
I'm a complete nut job......my short term (1 year) goal is 3 tons. My longer term goal is 10 tons inside 5 years. I'd love to get to 20 or 30 tons inside 1 decade....but I'm skeptical the penney will exist that long.
You guys might think I'm crazy, but I plan on having as much $ in base metals as I'll have in my 401K by the time I retire. I'm now 41 years old, and plan on working until 60-ish.
I plan on having more copper pennies than anyone in the world....except for a commercial operation or the mint/FED.... |
Edited by - c140cessna on 07/20/2007 13:27:31 |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 07/20/2007 : 19:15:59
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| A hoard is a "reserve" in this instance. People can "hoard" anything- its fear based= thinking that they won't be able to get any MORE (kinda like the pennies with all these Rydales running 24/7 haha). Don't mean this in a bad way but take it as you will- I seem to have dug a hole I don't have the words to get out of. Don't mean to offend that is my take on hoarding. HH Mark |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/21/2007 : 00:03:09
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quote:
Originally posted by ME CO
A hoard is a "reserve" in this instance. People can "hoard" anything- its fear based= thinking that they won't be able to get any MORE (kinda like the pennies with all these Rydales running 24/7 haha). Don't mean this in a bad way but take it as you will- I seem to have dug a hole I don't have the words to get out of. Don't mean to offend that is my take on hoarding. HH Mark
My Ryedale is only running an hour or 2 a day. I tried running it while I sleep but the dang thing makes too much noise and keeps me awake. It also has this annoying habit of running out of pennies whether I am asleep or awake. I realize I am definately underutilizing this great piece of equipment. I guess I better crank up production before c140cessna passes me.. even if it spoils his plan of having more copper pennies than anyone in the world. 
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 07/21/2007 : 01:09:43
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Oh don't worry about running out. I ran some numbers once, and figured out that if you had all the pennies produced since 1959 in a single place, the pile would be 1000 feet long by 1000 feet deep by 10 feet deep, almost 22 acres of pennies 10 feet deep. It would take 1000 Ryedale sorters, 2.5 years running 24/7 to process these coins ONCE. Perhaps a double check on these numbers is needed.
The reality is that most Zinc coins will be processed many times before this arbitrage is complete.
Trust me, there is much work to be done. and less than one tenth of those machines have been produced. I know with my couple hundred dollars worth a week, my machine is sitting about 166.5 out of 168 hours per week.
The reality is that there will be a slow extraction of the copper pennies from circulation now. The melt ban has throttled the activity, and mostly put this back into the small to heavy hobbiest, and the hoarders interest.
One other thing. I make the machines and make a little money on them, I will not quit my day job from selling Ryedale sorters, think of say a luthier making guitars for private buyers. This is an extreme nitche market product.
More than anything else, I personally love to sort the pennies, the machine makes fast work out of it, and it is in one way like a time machine, delivering you back to say May or June of 1982. You get to then feel the mass of those nice brass coins and pile them up for inspection when time permits.
Oh and by the way....Thanks to all here who have been plugging the machine lately. I truly appreciate it, it makes me feel like my efforts are not in vain, I know it is not a perfect device, but it hopefully holds it's own place against the monster penny processing machines. Andy
Ryedale
Hoard Copper Pennies,
The market will develop |
Edited by - Ryedale on 07/21/2007 01:10:26 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/21/2007 : 02:12:13
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You are our hero, Andy. I nominate you for patron saint of realcent.forumco.com.
In archaeology, a hoard is a collection of artifacts purposely buried in the ground. This would usually be with the intention of later recovery by the hoarder; forgetfulness, or the death of the hoarder, meant that some hoards were never recovered. They survive, to be uncovered by metal-detectorists, members of the public and archaeologists much later.
Main Entry: hoard
Pronunciation: 'hord
Function: noun
Etymology: Middle English hord, from Old English; akin to Gothic huzd treasure, Old English hydan to hide
: a supply or fund stored up and often hidden away
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"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
How to read a HoardCode:
You must be logged in to see this link. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/21/2007 : 02:17:04
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I've got to say, I have lots of great coin machines, but my Ryedale machine was the best purchase of all of them. I love sorting pennies too, and this machine allows me to sort a whole lot more of them in a lot less time. A machine that is truly worth every penny of the purchase price and then some.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/01/2007 : 06:05:17
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Posted - 07/20/2007 : 10:14:05
Great question! I tend to think of a hoard as being an accomeulation of something beyond an immediate need or use for that item(s). Most hoards are hidden or secret in nature because of either ridicule and/or thief from others.
WOW. This one should be in the dictionary. I like this. Short and to the point.
Carl |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
Posted - 08/01/2007 : 14:27:02
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Here are some "Hoards" to cut your teeth on:
You must be logged in to see this link.
My favorite:
1998 Midwest MegaHoard
Littleton bought the largest coin hoard ever,
holding 1.7 million Indian Head cents and Liberty and Buffalo nickels!
Hidden in the walls of a Midwest collector’s house,
the stash had been out of circulation since the 1950s and '60s.
The coins, weighing 7.6 tons, were stored in canvas sacks and 55-gallon drums.
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/02/2007 : 07:16:37
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WOW. So if Littleton has so many coins why are they known to be the highest priced on line dealer? Why are they known to sell people over priced and over graded coins? Why are thier albums known to be junk? Why are they known to be known to suck people in on a mail a coin to you system? Not sure but I've never heard anything good about that company so where are they selling enough to make the money to buy all that stuff?
Carl |
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Topic |
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What Is A Hoard?
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