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AgMan
New Member
23 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 Collector Member
398 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
6807 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.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Bluegill
1000+ Penny Miser Member
USA
1964 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
1000+ Penny Miser Member
2212 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
6807 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.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Dalsuh
Penny Hoarding Member
USA
757 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. |
PACK THE FORUM EVERY MONDAY NIGHT
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Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
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MichaelOnion
Penny Pincher Member
USA
105 Posts |
Posted - 10/12/2009 : 02:55:23
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| nice job. Sell them while and as fast as you can. Some of us can't get rid of our '09s |
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-M
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metalmoney.ca
Penny Pincher Member
Canada
223 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
1000+ Penny Miser Member
USA
1507 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 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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AgMan
New Member
23 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
6807 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.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Ordered Another $100
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