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 Copper Penny Bullion Investing
 Is anyone buying copper pennies?
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thedrifter
Penny Sorter Member


USA
96 Posts

Posted - 12/29/2009 :  14:36:20  Show Profile Send thedrifter a Private Message
Is anyone buying? We could talk price, and term coditions etc.
I am new to this as a seller, but I am familiar with subject.

The Drifter

HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/02/2010 :  20:57:25  Show Profile Send HoardCopperByTheTon a Private Message
Sure, there are people buying. Typical selling unit is either $95 or $100 face. Ideally you would find a buyer somewhere near you so you wouldn't have to pay for shipping. Where are you located?

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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Kurr
1000+ Penny Miser Member



2906 Posts

Posted - 01/02/2010 :  21:42:28  Show Profile Send Kurr a Private Message
Welcome to the forum!

He's right most people sell in 95.00 or 100.00 units. Have you been sorting long? Gotten any cool finds?


The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?

KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

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slickeast
1000+ Penny Miser Member



USA
2533 Posts

Posted - 01/02/2010 :  21:46:47  Show Profile Send slickeast a Private Message
He might be located in a different spot everyday. He is "thedrifter"


Sounds like a movie name. Don't talk to strangers, don't stop for hitch hikers, you never know, it just might be "THE DRIFTER"

You don't have to be the BEST you just have to be.......SLICK

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dakota1955
1000+ Penny Miser Member



2212 Posts

Posted - 01/02/2010 :  21:53:35  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
welcome if you really wish to sell this is the place to do it
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limted
Penny Sorter Member



USA
48 Posts

Posted - 01/03/2010 :  17:26:55  Show Profile Send limted a Private Message
I would like to know where to sell copper pennys also i live in kokomo indiana
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/03/2010 :  17:31:21  Show Profile Send HoardCopperByTheTon a Private Message
There used to be a guy in Indiana paying 1.8 cents each.. but I think he got enough.

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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snappy
Penny Collector Member



USA
301 Posts

Posted - 01/03/2010 :  19:39:36  Show Profile Send snappy a Private Message
I just updated my profile to try to sell some.. My pile is getting rather large.

Selling Ryedale sorted USA cents
1.5 each + shipping over 500fv 1.5 each +1/2 shipping
If you pick up 1.35 each
located MT/ND boarder.
after Ryedale sorting they are hand sorted to remove canadian then rechecked with Ryedale to insure all copper and count out $50 FV then placed in cloth bags and sealed with #1 copper wire.
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misteroman
Administrator



USA
2565 Posts

Posted - 01/04/2010 :  12:00:42  Show Profile Send misteroman a Private Message
I buy occasionally but usually when I can get a deal. If I wasn't coming to Fla I would've purchased CW's $400 face a week or so ago in a sec

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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AGgressive Metal
Administrator



USA
1937 Posts

Posted - 01/04/2010 :  12:03:25  Show Profile Send AGgressive Metal a Private Message
quote:
Originally posted by limted

I would like to know where to sell copper pennys also i live in kokomo indiana



That is close to Cincinnati, no?

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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misteroman
Administrator



USA
2565 Posts

Posted - 01/04/2010 :  12:10:48  Show Profile Send misteroman a Private Message
Also if anyone reads this and wants to bring some to the FUN show and sell some CU send me a PM and let me know what you're bringing.

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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Dave
Penny Pincher Member



156 Posts

Posted - 01/05/2010 :  05:18:35  Show Profile Send Dave a Private Message
I live in the Rochester NY area. I would like to find a buyer in my area, so if anyone is out there, please let me know. Thanks
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thedrifter
Penny Sorter Member



USA
96 Posts

Posted - 01/07/2010 :  10:51:14  Show Profile Send thedrifter a Private Message
I have not been sorting long. I sorted though $100 this past summer just to see what the percentage was, and just finished my first $100 in nickles the other day, for the same purpose. I found one 1987 Canadian nickle. I bought a Penny Miser recently. I will be in NE Tennessee until spring and the NW Colorado until Fall. (I winter in TN and summer in CO). If I can find a buyer I will start sorting in ernest. (Although one of my busy seasons at work will start in Febuary and last through March). I think a price of .50c per pound off the melt value as quoted by Coinflation.com, plus shipping is reasonable?

The Drifter
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misteroman
Administrator



USA
2565 Posts

Posted - 01/07/2010 :  11:53:32  Show Profile Send misteroman a Private Message
quote:
Originally posted by Dave

I live in the Rochester NY area. I would like to find a buyer in my area, so if anyone is out there, please let me know. Thanks


Dave,
I'm in Grand Island and buy pennies. Where are you at?
Derek

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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misteroman
Administrator



USA
2565 Posts

Posted - 01/07/2010 :  12:00:47  Show Profile Send misteroman a Private Message
Drifter,
2x face is a little high(150 a lb X.02 =$3) but people are getting that sometimes so go for it. At 2X though you might have to ship for free. Just make sure you ship enough to cover it.
Also what is the deal with the 87 nickel? I thought it was 79 and under you save.

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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Lemon Thrower
1000+ Penny Miser Member



USA
1588 Posts

Posted - 01/07/2010 :  12:21:46  Show Profile Send Lemon Thrower a Private Message
prices have come way down.

Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X


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thedrifter
Penny Sorter Member



USA
96 Posts

Posted - 01/07/2010 :  16:05:51  Show Profile Send thedrifter a Private Message
I guess my math was wrong or I just was not expressing myself correctly. Coinflation has a penny valued at .0225873. If we agree that it takes 150 pennies to equal a pound then X 150 should be about $3.388-.50= $2.88 per 150 pennies.

Its all negotiable.

I collect all canadians

The Drifter
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Lemon Thrower
1000+ Penny Miser Member



USA
1588 Posts

Posted - 01/07/2010 :  17:08:05  Show Profile Send Lemon Thrower a Private Message
quote:
Originally posted by thedrifter

I guess my math was wrong or I just was not expressing myself correctly. Coinflation has a penny valued at .0225873. If we agree that it takes 150 pennies to equal a pound then X 150 should be about $3.388-.50= $2.88 per 150 pennies.

Its all negotiable.

I collect all canadians



true, but no one will buy them from you for that. pennies are available at the bank, and they can't be melted down. that is a blessing and a curse. it means you can get them for face value at the bank all day long. it also means no one will buy them from you for anything close to what they are worth.

do a search on feebay's completed transactions to get a sense of the market and remember to back out shipping and feebay fees.

Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X


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Dave
Penny Pincher Member



156 Posts

Posted - 01/08/2010 :  11:45:25  Show Profile Send Dave a Private Message
Derek, I sold 50lbs to someone in Rochester yesterday. As soon as build up my supply I will contact you. Thanks for offer, Grand Island is only 1-1.5 hrs away.
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misteroman
Administrator



USA
2565 Posts

Posted - 01/08/2010 :  21:26:11  Show Profile Send misteroman a Private Message
Yup or can meet in between as my Dad lives in Gasport which is close to halfway. W?hat did you get for them

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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