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Originally posted by 2old

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Originally posted by highroller4321

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Originally posted by 2old

IMHO - Statistically, you have a few years to continue to pull out 20-30% copper from the penny population. the first ten or so boxes I did, I paid very close attention to the percentages, now it just seems that I get about 1 box of coppers for every three boxes that I sort. I store all my coppers in weighed, 15 pound lots, in the brinks boxes., I put 12 brinks boxes, in a Staples letter size paper box and cut it down to size. Stack them 2 high. I try to average two boxes a night. But, I also sort out the RB pre 1982 into a coffee can, the Canadians, the wheaties and the RDst zinc into other coffee cans. Those will be placed in 2,500 loose lots in Brinks boxes and vacuum sealed, except the wheaties and Canadians. I do not think I will save more than 10 boxes of RD Zincolns, but, what the heck. I have a goal of sorting out 3-4 tons of coppers and no interest in selling any until the price hits $6.00+ per pound of pennies. I sorted silver years ago, and sold it way too soon, I will try not to make the same mistake with copper cents.

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This may or not be true. If the composition changes in 2010 or 2011 or the melt ban comes off copper pennies will disappear FAST! When the melt ban comes off you are going to get industrial sorters into the game right away. We already saw this happen before the melt ban with Jackson Metals. I believe that the copper % could drop below 5% within 4-6 months of the melt ban or composition changing.

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You are correct, it may or may not be true. However, that is my pace and I can not do much about it. (maybe I do not want to do anything about it.) It is kind of like the turtle and the rabbit. I am curious what you mean by changing the composition in 2010/2011. You thinking plastic? The new ones are pretty crappy and the copper spraying they are giving them is not holding up.
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Everyone wants to go to Heaven, nobody wants to die.

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Originally posted by HoardCopperByTheTon

Highroller.. I don't pull out that many wheats.. but all the Indians. And my packages actually contain a little over 69 pounds of copper. More than makes up for a few missing wheats. If you run your 68 pound bag through one of your high speed counters, you will find it comes up short of 10,000. Sure I'm a little cheaper than you. I would like to be higher than you.. but you have 8 times the inventory I do and you set the market. Also, I offer free machine rolling on my lots.

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