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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 11/29/2009 : 06:12:03
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Poll Question:
If we develop the idea of Realcent being a Copper Cent Clearing House and we start getting a steady stream of buyers,and buyers want to contract for larger amounts on a regular basis, how much copper would you be willing to supply weekly. Of course we would adjust our prices off of spot and supply/demand.
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Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 11/29/2009 06:14:40 |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/18/2010 : 10:04:22
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| I think it really depends on how strong a demand could be generated. If one were able to realistically produce $100 a week, but the demand was really high, they may aspire for $200 a week. But that would mean we shared our source of buyers, and how would we share in the selling. |
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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Kurr
1000+ Penny Miser Member
2906 Posts |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/18/2010 : 11:09:39
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| depends what the selling price is. If it's 1.5 I wouldn't sell as wouldn't some others. You get me/us 2c ea and I'd get you a grand a week face in CU. I guess what I'm saying is that my priorities would change greatly if the price increased. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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oktyabyr
Penny Sorter Member
USA
91 Posts |
Posted - 01/18/2010 : 21:48:03
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| Exactly. If its worth it, easy to provide more. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/19/2010 : 08:50:50
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Those that think producing significant quantities is easy have probably not filled a lot of $1000 orders. Zinc disposal gets much more challenging at the higher levels.  |
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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misteroman
Administrator
USA
2565 Posts |
Posted - 01/19/2010 : 09:53:44
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Seeing how I know that comment was directed towards me(I know not in a bad way I think, hoardy) I'll explain why I posted it that way. If I could get 2c for CU I would Be Going to every bank in the area and opening more accounts. I just did a google search and it says there are 481 banks within a 10 mile radius of me which seems a little high but all I would need would be 20 or so max. Any bank I've ever asked for $100 in pennies,I've never had a problem getting so I know getting the unsearched wouldn't be a problem. Heck I'm picking up $1,500 at a bank tom. morning. to fully assure getting 1K face a month in CU I would probably need to sort $5k a mo. (Think it's around 20-23% here normally now) So that's taken care of. Now getting rid of the $4k a mo in zincs. For the short term, if I was getting 2c for CU I wouldn't worry about getting rid of zincs. While I don't have unlimited money, I could def afford to sit on $3k of zincs a month every month for a while. I would take some back to Coinstar and get my gift cards and have ma Dad do the same. Would take some to a bank branch about 15 miles from me where I know they have a counter and get rid of a few hundred there every now and then.
Worse case scenario as s a last resort would be pay someone to take them! Even if they charged me 5% to get rid of them which seems a little high, it would cost me $200 to get rid of the zincs each month. I'm making $1000 on the CU's though extra a month so that would cut my profit to $800 but obviously that would be a worse case scerario. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 01/19/2010 : 11:51:51
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| Agreed with MM. Dumping zinc becomes less of a hassle if the price of copper is good. I gotta believe you could dump at 5% all day long without hassles. I bet with enough zinc, you could schedule a Loomis pick up once per month for far less than that. |
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How Much Copper Can You Supply?
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