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barrytrot
Administrator
USA
721 Posts |
 Posted - 11/10/2009 : 12:31:27
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quote:
Originally posted by totalcount
quote:
Originally posted by slickeast
People are selling copper pennies right now on the forum for 1.4 cents each.
Can you tell me where I can put my money and get a 30-40% profit with no risk of losing it?
You are assuming that your time is valueless and that it takes zero money/gas/wear and tear on car to pick up more pennies. I doubt that either is true.
And you are assuming that sorting pennies isn't done as an enjoyable hobby. Name me another hobby that nets positive or even breaks even! |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 11/10/2009 : 14:02:06
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quote:
Originally posted by totalcount
quote:
Originally posted by slickeast
People are selling copper pennies right now on the forum for 1.4 cents each.
Can you tell me where I can put my money and get a 30-40% profit with no risk of losing it?
You are assuming that your time is valueless and that it takes zero money/gas/wear and tear on car to pick up more pennies. I doubt that either is true.
I can order 500.00 of pennies from a bank 1 mile from my house. unroll and sort in about an 1 hour and dump the zincs the same day.
If I sell the same day, I just turned 100.00 into 140.00. On my time, no punching a clock.
I could put 100.00 into stocks, cross my fingers, and carry a rabbits foot and still might lose it all.
Sorting/Hoarding/ Selling copper pennies is not for everyone. My brother collects CD's. So find a hobby you enjoy. I have one I enjoy and will never lose its original value. |
You don't have to be the BEST you just have to be.......SLICK
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totalcount
Penny Sorter Member
USA
77 Posts |
Posted - 11/10/2009 : 20:18:13
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quote:
Originally posted by barrytrot
quote:
Originally posted by totalcount
quote:
Originally posted by slickeast
People are selling copper pennies right now on the forum for 1.4 cents each.
Can you tell me where I can put my money and get a 30-40% profit with no risk of losing it?
You are assuming that your time is valueless and that it takes zero money/gas/wear and tear on car to pick up more pennies. I doubt that either is true.
And you are assuming that sorting pennies isn't done as an enjoyable hobby. Name me another hobby that nets positive or even breaks even!
I still would take the costs into account when calculating the ROI. But you are right, lots of people spend money on a hobby, and if you enjoy sorting it is reasonable to factor in that enjoyment. |
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totalcount
Penny Sorter Member
USA
77 Posts |
Posted - 11/10/2009 : 20:31:42
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quote:
Originally posted by slickeast
quote:
Originally posted by totalcount
quote:
Originally posted by slickeast
People are selling copper pennies right now on the forum for 1.4 cents each.
Can you tell me where I can put my money and get a 30-40% profit with no risk of losing it?
You are assuming that your time is valueless and that it takes zero money/gas/wear and tear on car to pick up more pennies. I doubt that either is true.
I can order 500.00 of pennies from a bank 1 mile from my house. unroll and sort in about an 1 hour and dump the zincs the same day.
If I sell the same day, I just turned 100.00 into 140.00. On my time, no punching a clock.
I could put 100.00 into stocks, cross my fingers, and carry a rabbits foot and still might lose it all.
Sorting/Hoarding/ Selling copper pennies is not for everyone. My brother collects CD's. So find a hobby you enjoy. I have one I enjoy and will never lose its original value.
Wow, 14 a second, sounds like you have 3 ryedales going. That certainly will change the economics of it, and if you are doing enough you can amortize the cost of the machines pretty well. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 11/10/2009 : 22:30:43
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| Great math skills. Yes 3 Ryedales. Gotta speed things up. |
You don't have to be the BEST you just have to be.......SLICK
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Copper exit plans?
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