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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 10/17/2009 : 15:59:48
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What is the current going rate of $100 FV of 59-81 US copper cents (a 68lb. flat-rate box)?
(I hope this thread stays active over time so it can be a sort of price index for the penny market - like an informal "Grey Sheet" of copper pennies.)
Individual copper value:
10/16/09 - $0.0185
10/23/09 - $0.0__
10/30/09 - $0.0__
EDIT: See the posts below - I have named this the Copper Penny Price Index (CPPI). I hope to track, with the input of Realcent members, the market price of a $100FV lot of US copper pennies. Eventually, this could expand to other size lots, but this is clearly the preferred size at the moment due to USPS flat rate boxes.
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 10/17/2009 17:12:31 |
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barrytrot
Administrator
USA
721 Posts |
Posted - 10/17/2009 : 16:02:37
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Good idea. May I suggest a table with the following columns:
DATE, BULLION VALUE, GOING RATE
In each case distill down to price per coin so it is easy to compare.
That way people could see the rate of change in the bullion value vs. the "real life value". |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 10/17/2009 : 16:27:54
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Good suggestion.
Finding the "going rate" is the hard part, so hopefully the big sellers will post some numbers for us. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 10/17/2009 16:28:17 |
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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 10/17/2009 : 16:30:37
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We can call this the CPPI: Copper Penny Price Index |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 10/17/2009 : 17:00:08
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Looking through the "Buy it now", "completed sales", and E-bay, the data for the United States' CPPI, for the week of October 12-16th 2009, is:
Avg. Bid: $135 - Avg. Ask: $140, High: $168 - Low: $130
(Cu Bullion Value: $191.21)
I don't have a formula or a wide enough sample to distill that into a single CPPI number yet. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 10/17/2009 18:52:46 |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 10/17/2009 : 17:06:52
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| It will be nice to get closer to the bullion value, compared to what a person have to leave on the table to made a sale now. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/17/2009 : 18:14:23
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| Is the price going to include shipping? Where all are you pulling numbers from? |
Copper Penny Investing
www.portlandmint.com |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 10/17/2009 : 18:52:16
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I don't if shipping should be factored in or not, but most of the prices I found either included shipping or were pick-up only. Right now I'm just looking at sales on this forum and ebay. Hopefully people will post numbers from deals they are in so it can be more accurate.
Here is the lowest price I found: You must be logged in to see this link.
Highest price: You must be logged in to see this link. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 10/17/2009 18:53:22 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 10/17/2009 : 19:02:31
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Neat idea.  Look forward to you getting the details worked out.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/18/2009 : 00:56:55
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Great idea. I had thought about this, but just don't have the time to track it all.
Oh man.. that guy with highest prices is in my hoarding area. He lives in the same town as one of my pickup banks.. lol. I think he has been in the game a long time.. I recognize the seller name. I don't think you can count that one, since there are no completed sales at that price. You could maybe use it as an "ask" price.
Would like to see seperate categories for direct deals versus eBay deals. With ebay deals you have to factor in the eBay and PayPal fees paid by the seller.
Hopefully you can either add or subract shipping to make all deals comparable. Shipping is a big factor.. adding at least .1x to the price. |
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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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 10/18/2009 : 07:33:23
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| Great idea- I would add that, the $50 face value lot is very popular on eBay and would provide a straightforward additional source of sales data. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/18/2009 : 11:52:36
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Is the next step the formation of the "Realcent Copper Reserve, LLC"?
"We've" got to have hold/control of some kind of a market force in Cu at this point.
There's going to be some lucre involved once the melt ban is lifted!
I'm going to be an avid fan of the CPPI, it's a good idea. |
There's profit if you melt things!!
8{> |
Edited by - Computer Jones on 10/18/2009 11:54:04 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 10/18/2009 : 12:22:07
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| Thanks for the positive responses everyone. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Market Price of $100/ 68lb. box (the CPPI)
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