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c140cessna
Penny Collector Member
USA
419 Posts |
 Posted - 08/13/2007 : 07:36:42
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I've often wondered just how many Base Metal Coin Hoarders are out there? There are a few hundred folks registered on this site...but there are only a few dozen that post with any regularity....then there are others that I'm sure are just lurking around here reading and not posting. This site might represent 10% of the overall hoarding population?
I'm guessing that there are probably no more than 500 people in the US/Can that could really say they are hoarding....by that I mean stopping by the bank on a regular basis to get pennies for the specific motive of collecting metal to some day cash in for profit.
I bet there are only 10 - 20 super hoarders. I'll define Super Hoarder as someone sorting more than $100 FV per week. To be a Super Hoarder, you pretty much need a Ryedale Machine....and the motivation to process massive amounts of coins every week....and finance the hoard.
My final question: I wonder how many are processing Multi-Hundred-Face-Value per week? I'm guessing less than 5 to 10.
I ask these questions as I often wonder about my goal of 3 Tons to 5 Tons of Copper per year. At times I'm putting in 10 - 15 hours per week and I often wonder if there is anyone else even close to this level of insanity/genius. I've hoarded over 2 tons of pennies/nickels in 5 months.
Seriously.....I view this as a coin toss (pun intended) between insanity and genius.....I guess I'm a "Hoarder Savant".
Curious to hear others opinions.
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n/a
deleted
43 Posts |
Posted - 08/13/2007 : 09:33:13
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quote:
Originally posted by c140cessna
Seriously.....I view this as a coin toss (pun intended) between insanity and genius.....I guess I'm a "Hoarder Savant".
Look at it this way - once the crowd wises up to this being a good thing the glory days will be over and the percentages will dry up. It's that way with everything, including the stock market.
But I know what you mean about wondering if this is insane. I just ordered a Rydale machine and still wonder if it is insane. But in 2003 I wondered if my large purchase of "junk" silver coins - pre 1965 silver dimes and quarters was insane. I got everything for less than 4 times face value, when silver was about $5 per ounce. Now those same rolls sell on ebay for almost 10 times face value, depending on the current price of silver.
Part of the problem with penny hoarding is that pennies have negative connotations in society. Traditionally penny hoarding is considered miserly, and because of the devaluation of the dollar the penny as money is almost worthless. People even just throw them away to get rid of them. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/13/2007 : 11:28:20
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If $100 a week makes you a superhoarder, what classification shall we use for those that go through several hundred per week? The few, the proud, the "obsessed". That is what my girlfriend calls it.. she says I am obsessed with pennies. My sorting varies from a few hundred per week up to $1000 per week depending on the day job (which allows me to finance the hoard) so I guess I qualify for that elite group when we come up with a proper name for it. Shall we call ourselves MegaHoarders? I think you underestimate the actual # of Super Hoarders. I think there are several of them that either do not post or have not even registered for this site. A lot of times when I log on I see 3 times as many guests as registered users logged on. The nature of hoarding is often secretive.. for fear of being ridiculed by others or for security reasons. On this board we can share with like minded individuals and learn from each other as well as get a vicarious thrill when one of our fellow members has a good day. I think as a minimum, the super hoarder population would encompass the total number of Ryedale machine owners. That would be counting each owner once rather than the total number of machines shipped as some of the elite like c140cessna own 2 machines. I am thinking of getting a second machine myself. My Ryedale machine has performed much better at doing exactly what it is supposed to do than a $500,000 machine we bought for work last year to process glass. I need to step up production so I can keep ahead of c140cessna in the race to have the biggest copper hoard. I do have one advantage.. I don't have to roll my zinc to turn it in.. and I just picked up a second Glory CN-12 for bagging my zinc. Each one of those machines will count 1800 coins per minute! I know of at least one other Mega Hoarder that lurks on this site but is not registered. He processes about $250 per week with his Ryedale machine.
I would like to see the really serious hoarders like c140cessna post a hoardcode in their signature so we can compare progress as we each near our goals. Let's have a race to 3 tons!
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350:US5Ni6700:CA5Ni1150 |
Edited by - HoardCopperByTheTon on 08/13/2007 11:41:36 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/13/2007 : 13:22:38
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HCBTT,
I do not know how many Ryedale Machines are out there (50+ ???)...and there may be a few Commercial Machines ($10,000+ Machines)...so I'm gueeing that most of these guys are doing $100FV - $200FV per week....I'll call them Super-Hoarders.....but guys doing $500FV - $1000FV per week....probably less than 10 guys. These are the Mega-Hoarders.....you, me, 3 guys I know up in Canada, perhaps 1 guy in Texas....that's my best guess...
My hoard is down by quite a bit, because I've sold 1 ton of base metal coins in the past 4 months....that said, I still have a pretty good hoard for only getting serious about it since March 2007 and buying the Ryedale Machine.
I'll try to keep my Hoard-Code updated as much as possible. I'm still selling and buying where it makes cents!!! But I mostly just selling...to fund future hoarding.
I'm sorting about $500 per week with a few weeks bumping up against $1000.....but the day job is busy and funding that level of hoard is becoming a problem...
Currently have: 300 Lbs .999Ni, 1070 Lbs US Cu, 1720 lbs CA Cu. I've sold about 1000 lbs of .999Ni and a little over 1000 lbs of Mixed Cu.
I guess the race is on.....from this point going forward..... |
Edited by - c140cessna on 08/13/2007 13:24:21 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/13/2007 : 13:25:00
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This should post my Hoard-Code....
M41/0.48USMI:US1Cu160000,CA1Cu282000,CA5Ni30000 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/13/2007 : 13:28:20
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Very impressive hoard code. Thanks for posting it. Check out the new poll I just started on what level hoarder all of us are.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350:US5Ni6700:CA5Ni1150 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/13/2007 : 13:55:12
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c140cessna, My Hoard is down a bit too.. sold off about 35 bags of copper (a little over 1000 pounds) I will have to run my Canadian copper through the counter and add it to my HoardCode, but it isn't very significant. So the race is on to see which of us can hoard 3 tons of copper cents first. I just ordered 4 hopper extensions for my Ryedale.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350:US5Ni6700:CA5Ni1150 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/13/2007 : 14:45:46
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quote:
Originally posted by HoardCopperByTheTon
.....So the race is on to see which of us can hoard 3 tons of copper cents first. I just ordered 4 hopper extensions for my Ryedale.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350:US5Ni6700:CA5Ni1150
HCBTT - you got a pretty good jump on my right now: your 666k = 4500#, against my current 2800#. You should spot me 1700# to make it an even race. But since I'm getting about 29% Cu here vs your 20%....Let's look at the math: you need 4500 more lbs.....4500/0.20 = you need to sort 22,500 lbs.....I need 7300 more lbs....7300/.29 = I need to sort 25,200 lbs....I'll also score some Canadian to bring up my average over 29%...
Should be an awesome race to 3 Tons!
I'm currently on a $500FV-$800FV/week pace...call it $650/wk x 0.29 = $189 Cu/wk = 125 lbs/wk.......7300 lbs/125lbs per wk = 58 weeks....my goal is 3 Tons per year...should be able to do it by next March 2008.
This is oing to be fun!
M41/0.48USMI:US1Cu160000,CA1Cu282000,CA5Ni30000 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/13/2007 : 15:40:58
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c140cessna - I guess I do have a pretty good jump start on you. <EG> But you have been outsorting me lately and I have been selling off most of my production. And you are right about having a serious advantage on me when it comes to copper percentages. How about I sell off another 20 or 30 bags to make it sporting? I only need 1400 more pounds to get to 3 tons. Should be fun!
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350:US5Ni6700:CA5Ni1150 |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 08/13/2007 : 17:54:16
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quote:
Originally posted by c140cessna
I view this as a coin toss (pun intended) between insanity and genius.....I guess I'm a "Hoarder Savant".
Like any persuit in life, those who follow similar interests in what you do consider you an equal among peers, to those who have no interest in your endeavors, they wonder if you need to be fitted for a strait jacket. Collectors of all kinds know this all too well.
Considering you are exchanging depreciating paper money for a form of money that actually increases as inflation gallops along, genius is the only word for it.
My hat is off to all of the super hoarders stashing away the humble penny by the bucketful.
One question remains, will the winner of the hoarding race recieve, much like in the olympics, a gold medal, or would a bronze medal be a more fitting prize? (Namely a brone medal cast from some of the hoarded cents.)
I'm a piker compared to you guys, I'll admit it.
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly. |
Edited by - pencilvanian on 08/13/2007 17:56:33 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/13/2007 : 18:01:42
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Right......what was I thinking.....I set our target at 9000# each...that is 4.5 tons each....not 3 tons.
You now have 4500# and I have 2800# for a delta of 1700# between us. Spot me 1000# in the race to 3 tons and it should be pretty close...we'll call that the "3 Ton Race".
Well have another race to 4 tons....you need to spot me 500#.
Last race to 5 tons...heads up from here....should take us both about 9 months to 1 year from here...
Three races total:
A) "3 Tons Race" - HCBTT = 6000#, C140 = 5000#.
B) "4 Tons Race" - HCBTT = 8000#, C140 = 7500#.
C) "5 Tons Race" - HCBTT = 10,000#, C140 = 10,000#.
To keep it interesting, each race will have a bet of 1 American Silver Eagle. And 1 additional American Eagle for the best of 3 races...worst case, the loser (you) will have to pay 4 Eagles of about $50-$60. Or we could just go race by race and re-handicap at the start of each race....
Let's get it on!
M41/0.48USMI:US1Cu160000,CA1Cu282000,CA5Ni30000 |
Edited by - c140cessna on 08/13/2007 18:08:21 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/13/2007 : 20:16:21
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I like your idea of 3 races. I will go ahead and spot you that half a ton by taking 30 bags (1,000 pounds) out of my primary hoard and putting them in a reserve for sale. If I sell off any of my existing hoard it will come out of these reserves, but the reserves will not count towards my total weight. The net of my total hoard less the amount held in reserve will be my weight for competition purposes. I don't want any of your silver, and I certainly don't want to give up any of mine (I consider you a serious competitor) As pencilvanian suggests, the prize should be copper rather than silver. This is more in the nature of friendly competition to spur both of us on towards reaching our goals rather than gambling.. with the winner mainly getting bragging rights. I propose that the bet be 1 copper penny for each race.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350(150000 Reserved):US5Ni6700:CA5Ni1150 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/13/2007 : 20:55:14
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OK, we'll call the silver wager off. I do propose that the loser provide the winner with some type of homemade trophy with a penny decoration theme....something like your grade school kids would build with glue/construction paper/cardboard/etc...
Since pennies represent such a large area of my life....I've been think of making some kind of super cool things around the house using pennies. Perhaps going crazy with the hot glue gun and some pennies and covering an lamp base of something like that....
I wish there was some way to post pictures on this site...I have some neat hoarding related pics. One is over on the Ryedale site - I had about $2000 in Pennies and $3500 in Nickels in boxes in a big stack in my garage....check it out if you get a chance.
M41/0.48USMI:US1Cu160000,CA1Cu282000,CA5Ni30000 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 08/13/2007 : 21:58:05
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I look at that picture every day. That picture is the background on my computer screen.. LOL
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350(150000 Reserved):US5Ni6700:CA5Ni1150 |
Edited by - HoardCopperByTheTon on 08/14/2007 00:29:44 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 08/14/2007 : 01:55:16
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Genius is 1 percent inspiration and 99 percent persperation and 13 percent madness.
Gentlemen, start your Ryedales. The race is on!
________________________
"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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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 08/14/2007 : 07:36:08
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"I bet there are only 10 - 20 super hoarders. I'll define Super Hoarder as someone sorting more than $100 FV per week. To be a Super Hoarder, you pretty much need a Ryedale Machine....and the motivation to process massive amounts of coins every week....and finance the hoard."
My goal for a while has been to do 1 box a day. It takes me about an hour when I am top speed to sort a box using my homemade semi-automatic sorting table. So only 7-8 hours a week (plus two trips to the bank one to pick-up and one to return) to go through $175 FV not using a Ryedale. That is less time than most people spend watching TV and that is how I look at this hobby. Its decompression time...helps me relax after a day at work.
So at $175 FV a week, I consider myself a recreational sorter or hobby sorter, but then again I take my hobbies a bit more to the extreme end of things than most people
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 08/14/2007 : 09:57:37
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| I think you are pretty close to the truth. I thought I was over the top when a reached a total of three boxes of pre 1982 cents and 1 box of post 1982 cents. Since I reached that level I have only been saving my pocket change. With the bills in congress I think I am a bit behind the curve. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/14/2007 : 11:02:25
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quote:
[i]Originally posted by horgad
So at $175 FV a week, I consider myself a recreational sorter or hobby sorter, but then again I take my hobbies a bit more to the extreme end of things than most people
$175 per week places you firmly in the Super Hoarder category. You may be the the only guy to achieve that level without a Ryedale machine. It is just a hobby for me too. I suppose I take my hobbies to the extreme end of things also.
How do you dispose of all your zinc?
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350(150000 Reserved):US5Ni6700:CA5Ni1150 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 08/14/2007 : 12:02:57
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[/quote]"How do you dispose of all your zinc?"[/quote]
I got an account at a credit union with a free and fast coin counter. Disposing of the zinc is not bad as long as I keep up on it and as long as the banks machine is working good. I carry the zincs into the bank in a 10 gallon pail about 3/4 full (so that it can be lifted and poured without spilling). Once I got behind in my returns and had to make 4 trips to the car to get the job done.
If everything goes smoothly, I can return a weeks worth of zincs (~12,500) in about 20 mins. On the other hand, I have spent an hour there before when the counting machine was acting up... |
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n/a
deleted
43 Posts |
Posted - 08/14/2007 : 12:51:13
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quote:
Originally posted by horgad
So only 7-8 hours a week (plus two trips to the bank one to pick-up and one to return) to go through $175 FV not using a Ryedale. That is less time than most people spend watching TV and that is how I look at this hobby. Its decompression time...helps me relax after a day at work.
I agree totally. Time spent on this is decompression time and very relaxing. I even think opening the rolls is relaxing. Sorting is very relaxing. I take the zincs to the CU and that is not a hassle. As I said before, the only part of this that is not relaxing is getting the raw pennies from the bank. I tried to bribe my kids to do it but they said no way. Still would like to find a way to get home delivery of penny boxes or bags. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/14/2007 : 13:40:32
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quote:
Originally posted by horgad
"How do you dispose of all your zinc?"[/quote]
I got an account at a credit union with a free and fast coin counter. Disposing of the zinc is not bad as long as I keep up on it and as long as the banks machine is working good. I carry the zincs into the bank in a 10 gallon pail about 3/4 full (so that it can be lifted and poured without spilling). Once I got behind in my returns and had to make 4 trips to the car to get the job done.
If everything goes smoothly, I can return a weeks worth of zincs (~12,500) in about 20 mins. On the other hand, I have spent an hour there before when the counting machine was acting up...
[/quote]
I think those credit unions with the free counters are one of the best deals. I haven't been able to find one in my area, but if I find one now I am not sure I would switch from my current system. I would probably just talk them into selling me all their bulk bags. I use a Glory CN-12 high speed counter to bag up my zinc in shipment bags provided free by the bank. It counts 1800 coins per minute so it doesn't take long to count out a bag. I run this machine simultaneously with my Ryedale sorter.. the cat doesn't like it much  I just picked up a second one of these machines on eBay the other day because it was going way too cheap and I really like this particular machine. Figured it wouldn't hurt to double my capacity. I generally haul in 12-16 bags of zinc each week to drop off at the bank. I put them on my cart and wheel them in so I don't have to make more than one trip or compress my spine from hauling all that weight. A lot of times I pick up 24 boxes to haul out at the same time I am dropping off. The entire transaction at the bank takes about 5-10 minutes and I don't have to worry about if their machine is acting up or wait for them to change bags. I know lots of guys say you should not get any coins from your dump bank. They say it is like really upset me to the point of seeing yellowing in your own pool.. that you will get your own sorted coins back. I think of it more as a river than a pool. Your zinc goes in and just flows downstream to someone else. I monitor my percentages and they have been running consistant with the percentages from all my other source banks so the current must be swift enough at this bank.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350(150000 Reserved):US5Ni6700:CA5Ni1150 |
Edited by - HoardCopperByTheTon on 08/14/2007 13:41:48 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/14/2007 : 13:48:50
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quote:
Originally posted by creekrat
As I said before, the only part of this that is not relaxing is getting the raw pennies from the bank. I tried to bribe my kids to do it but they said no way. Still would like to find a way to get home delivery of penny boxes or bags.
You could get a cart to haul them with and then talk your favorite teller into ordering you a month's supply at one time so you only have to pick up the raw pennies from the bank once a month.
"Preserving REAL coinage.. 2 tons at a time"
HoardCode0.1:M49/15USCA:US1Cu666350(150000 Reserved):US5Ni6700:CA5Ni1150 |
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How many Hoarders in USA/Can?
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