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 Copper Penny Bullion Investing
 prices for unsearched copper
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Dalsuh
Penny Hoarding Member


USA
757 Posts

Posted - 01/08/2010 :  22:30:06  Show Profile Send Dalsuh a Private Message
Hello.

What do you guys think the price should be for UN-searched copper cents. Cents that have been sorted by the Ryedale or other machines without the wheats removed.

Thanks.

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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 01/08/2010 :  22:38:37  Show Profile Send beauanderos a Private Message
add ten cents a pound, there's less than one wheatie per hundred in general

Hoard now and hold on!

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misteroman
Administrator



USA
2565 Posts

Posted - 01/08/2010 :  22:44:56  Show Profile Send misteroman a Private Message
normal average is about 10 per 2500 or 1 for 250. so for every $2.50 in CU you get an extra $.02.($.02 for cu- $.04 for a wheat).
I say add 0 for the "unsearched CU" unless dealing with the uneducated.

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



USA
6807 Posts

Posted - 01/08/2010 :  23:20:26  Show Profile Send HoardCopperByTheTon a Private Message
Whatever you can get.. just like the searched copper. How can we be absolutely sure you didn't search these and pull out all the 1909-S VDB's?

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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Dalsuh
Penny Hoarding Member



USA
757 Posts

Posted - 01/08/2010 :  23:21:42  Show Profile Send Dalsuh a Private Message
Okay thanks guys. I guess the averages are pretty much the same everywhere.

I will be purchasing from a RCM so I trust they will be unsearched misteroman. I'm not too good at math so what would you guys pay in face value terms. 1.8X, 1.9X, 2X?

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moboman
1000+ Penny Miser Member



USA
2555 Posts

Posted - 01/08/2010 :  23:27:29  Show Profile Send moboman a Private Message
quote:
Originally posted by Dalsuh

Okay thanks guys. I guess the averages are pretty much the same everywhere.

I will be purchasing from a RCM so I trust they will be unsearched misteroman. I'm not too good at math so what would you guys pay in face value terms. 1.8X, 1.9X, 2X?



Unless you're buying from me, how do you know they are unsearched?

I dont think anyone pays as high as 1.8 or 2x face..I'm not sure though. I havent bought or sold any in a long time.

"99% of all lawyers give the rest of them a bad name"


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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/08/2010 :  23:33:42  Show Profile Send HoardCopperByTheTon a Private Message
I would be happy to sell you unsearched ones at that level. I have a lot more unsearched ones than searched ones.. and it would save me a step in processing. I can ship $100 face in a flat rate box.

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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moboman
1000+ Penny Miser Member



USA
2555 Posts

Posted - 01/08/2010 :  23:40:10  Show Profile Send moboman a Private Message
quote:
Originally posted by HoardCopperByTheTon

I would be happy to sell you unsearched ones at that level. I have a lot more unsearched ones than searched ones.. and it would save me a step in processing. I can ship $100 face in a flat rate box.



Hoard will even throw in shipping at that price, lol.

"99% of all lawyers give the rest of them a bad name"


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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/08/2010 :  23:43:36  Show Profile Send HoardCopperByTheTon a Private Message
And I could put them in those free plastic coin shipment bags the bank gives to me.. since I know you don't want them rolled if you are going to search through them.

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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moboman
1000+ Penny Miser Member



USA
2555 Posts

Posted - 01/08/2010 :  23:45:31  Show Profile Send moboman a Private Message
quote:
Originally posted by HoardCopperByTheTon

And I could put them in those free plastic coin shipment bags the bank gives to me.. since I know you don't want them rolled if you are going to search through them.



Cant beat that. Well unless you threw in a free bag to store them in when he was finished searching them since he would have to cut the one bag open to them them out.

"99% of all lawyers give the rest of them a bad name"


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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/08/2010 :  23:50:34  Show Profile Send HoardCopperByTheTon a Private Message
I might have to ship them in the canvas bags.. there is not enough room left before hitting max weight to get another bag in there.

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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PennyPauper
Penny Collector Member



USA
395 Posts

Posted - 01/09/2010 :  00:01:12  Show Profile Send PennyPauper a Private Message
quote:
Originally posted by Dalsuh

Okay thanks guys. I guess the averages are pretty much the same everywhere.

I will be purchasing from a RCM so I trust they will be unsearched misteroman. I'm not too good at math so what would you guys pay in face value terms. 1.8X, 1.9X, 2X?



I think you should pay what your comfortable with,for what you are receiving.Lots of sellers here,lots of different products here.
Depends if your making a play on pure copper,US cents,Canadian,or if you want to find a few wheats buy raw sorted and enjoy your search,then do that.

What I wouldn't do is wait too long,prices on copper cents are going to go up fast.
I am wondering about price structure going forward on the different types of sorted copper cents,in the end you give your customer what they want.
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/09/2010 :  00:09:31  Show Profile Send HoardCopperByTheTon a Private Message
I think you are probably right about getting what you want before copper prices go much higher. I like searching through them myself, but I would be willing to sell off quite a bit of unsearched at a small premium. I would just use the time I save to "sort more!"

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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PennyPauper
Penny Collector Member



USA
395 Posts

Posted - 01/09/2010 :  00:10:33  Show Profile Send PennyPauper a Private Message
quote:
Originally posted by HoardCopperByTheTon

I might have to ship them in the canvas bags.. there is not enough room left before hitting max weight to get another bag in there.



You have to break up one $50 into two 25's to make them fit.
So three bags total.There will be extra space in there too.
If anyone knows a better way I'd like to know.I guess you could try
three $33.33 bags and toss in a wheat.
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/09/2010 :  00:17:37  Show Profile Send HoardCopperByTheTon a Private Message
I usually just stack 2 of the coin shipment bags in the box on top of each other. I guess you could do it side by side. It certainly fills up a box. Whatever way you ship, be sure to use lots of tape!

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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PennyPauper
Penny Collector Member



USA
395 Posts

Posted - 01/09/2010 :  00:22:18  Show Profile Send PennyPauper a Private Message
Tape is King!
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jadedragon
Administrator



Canada
3788 Posts

Posted - 01/09/2010 :  01:49:24  Show Profile Send jadedragon a Private Message
Hoard is the master shipper. But why try to scoop someone else's deal?

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dakota1955
1000+ Penny Miser Member



2212 Posts

Posted - 01/09/2010 :  12:21:25  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
Just a word that with unsearch coins from the ryedale you may also get some zinc because I know does let a few zinc sneak by.
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knibloe
1000+ Penny Miser Member



USA
1066 Posts

Posted - 01/09/2010 :  15:25:59  Show Profile Send knibloe a Private Message
Don't forget that you might get a few extra "S" mint mark coins from hoard.
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/09/2010 :  16:00:54  Show Profile Send HoardCopperByTheTon a Private Message
Usually the few zinc that sneak by on a Ryedale sort are caused by an occasional coin catching a little bit in the ejection slot and then shooting over the chute and landing in the bucket. This is one reason I do a second copper verification sort. This eliminates those sneaky ones.

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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