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wheeler_dealer
Penny Collector Member
USA
402 Posts |
 Posted - 01/10/2010 : 11:33:38
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Poll Question:
If an unlimited amount of copper cents were available to purchase in presorted form, delivered at 1.3 times face. How much would you purchase today? ( your answer should reflect willing and available resources. This could include other investors who have funds available)
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2old
Penny Pincher Member
188 Posts |
Posted - 01/10/2010 : 18:09:19
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| Just to be clear, you mean 1982 and before Lincoln Copper cents? |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/10/2010 : 18:18:01
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| I don't have much money so it would have to be 500 or less. However if I had a lot of money I would buy as many as I could since I can sell them for 2 cents a piece. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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snappy
Penny Collector Member
USA
301 Posts |
Posted - 01/10/2010 : 20:55:37
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| you should have included a 0.00 I am still getting a good % at face. And I like sorting. |
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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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/10/2010 : 22:03:59
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| you need getting them at face because all long as I can get them at face I will not paid extra for what I can sort |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/10/2010 : 22:18:39
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Would the "Ugly Abes" be removed?  |
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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jacer333
Penny Pincher Member
USA
119 Posts |
Posted - 01/10/2010 : 23:35:55
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| and are the BU's still included? :p |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/11/2010 : 15:30:19
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| I think everyone finds fault with the polls at this site :). I too wouldn't really buy any at that price currently since the finding is so easy. Also if they were promised at that price today, perhaps they'd also be here tomorrow or the next day. So i'd happily wait until things changed dramatically. |
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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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/11/2010 : 15:38:12
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People buy for different reasons. I wouldn't buy because I can sort my own at face.
Others who have weighed the options, feel it is better to let someone else do the work and just buy them presorted. Goes back to what I said before. You know you can prepare a meal at home cheaper, but like the convenience of going out to dinner where it is prepared for you. |
You don't have to be the BEST you just have to be.......SLICK
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copperhead57
Penny Collector Member
USA
255 Posts |
Posted - 01/11/2010 : 17:12:24
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At this point, I will not pay a premium for something I can get for face value.
However,I might pay a premium whenever they disappear from general circulation. |
copperhead57 |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 01/11/2010 : 23:11:00
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When they disappear(like Silver) everyone who desires them as a hedge will pay a premium. Considering the time and work involved to accumulate any volume I would think this premium would be like a gift.
Considering the drive to bank,gas and time,to and from, opening $25.00 box, sort and re-wrap return trip to dump zinc. Avg 30% NET approx $4.00 per hour. Yes I know most of us buy quantity, probably bagged and auto sorted even so they potential profit can't be that much higher.
O.K. go ahead and poke holes in my numbers it's O.K. I have tough skin.
What could I net per hour with a fully auto system? vs hand sort? |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/11/2010 : 23:54:04
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are these unsorted or "unsorted" wink wink
i mean would there be wheats and maybe an indian or whatever?
i might buy a bag. if my copper sorting went below a 10% yield i might change my tune. |
Come to the new and improved realcent: http://realcent.org
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Topic |
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Buying copper cents
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