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Shattered
Penny Hoarding Member
USA
523 Posts |
 Posted - 01/16/2010 : 08:29:22
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I have a full box of 2009 LP4 pennies and then some extra rolls. Should I sell these or just cash them back in. I was reading in another thread and they are selling on eBay for good prices. If I sell them should I sell them here or on eBay? Also what price would someone be willing to pay?
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"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
Edited by - Shattered on 01/16/2010 12:47:16 |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/16/2010 : 08:40:38
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| Are they P or D mint? |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/16/2010 : 08:44:32
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| Don't take my words if you wish to do something else, but I think you should sell them on FeeBay. It would be better than taking them back to the bank because you can make a profit (at least if the fee doesn't outdo your price). As long as you can find a buyer, then you should be good. If worst comes to worst, you can return them to the bank. If you have time to take a picture and post your auction, then FeeBay would be the way to go. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/16/2010 : 09:11:40
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| If you sell them here you don't have the feebay fees. Even if you take a little less here than what you would get on feebay you are still further ahead. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 09:18:05
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They are P mint.
Thanks for the replies so far. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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2old
Penny Pincher Member
188 Posts |
Posted - 01/16/2010 : 09:42:07
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| I just paid $73.00 for D mint on eBay. P Mint sell for slightly higher. I would keep them if you can. The have an extremely low mintage. Should fetch $200.00 a box within 18 months, IMHO. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/16/2010 : 11:34:41
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| I would keep what I want and then sell the rest here. |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 12:43:32
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Sorry I recounted it is 65.
I'm worried that some of the rolls may not be solid. What if there are old ones in the middle of the roll? Is this common? Would it be wrong for me to sell them as full rolls if I don't know for sure? The only way I could check is to break them open but I don't have a roller so I don't know what to do. I don't want to rip someone off by selling them mixed rolls.
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"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/16/2010 : 12:47:33
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I think you should keep a few for yourself and sell the rest here on the forum. I see the new pennies as a quick flip rather than a hold. I think the price will actually decline over the next few years rather than increase. The Feabay and Paypal fees really take a chunk off the top. I would be interested in buying or trading for them myself. Definately don't turn them back into the bank.. they are worth a premium.  |
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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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 12:52:27
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| Would people buy even if it is not guaranteed to be a solid roll? I would feel really bad if I ripped someone off. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/16/2010 : 12:58:10
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| I would be willing to take a chance. I can crack them out.. check them.. and then reroll them with one of my machines. |
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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/16/2010 : 13:07:25
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| You may want to go back to that bank today and pick up a few more boxes. These things tend to run in streaks.. if you got some new ones there this week, there is a good chance they have even more in stock that came in with this shipment. The next shipment might not have any. |
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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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 13:14:43
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quote:
Originally posted by HoardCopperByTheTon
You may want to go back to that bank today and pick up a few more boxes. These things tend to run in streaks.. if you got some new ones there this week, there is a good chance they have even more in stock that came in with this shipment. The next shipment might not have any.
I spent all my money on theses boxes yesterday so I'm running on empty.
But I still don't want to sell to anyone if I don't know for sure they are solid rolls. How do those people buy boxes for $150 on feebay know the bank rolls are solid? |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/16/2010 : 13:30:18
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lol.. they trust that the seller knows.. and if they crack one open and find out they are not solid they flame the seller in feedback and then force a return through PayPal.
You can often get a good idea by weighing the rolls. This will at least tell you they are solid zinc. If they tossed in a handful of dirty pennies to mess up the solid rolls, there is a good chance some of those will be copper and you will see that in the weight of the roll. The only way to be absolutely sure is to open the rolls and check them. The trick of the coin processors of tossing in ugly pennies with the new ones before rolling is nothing new. They started that back in the old days when all pennies were copper to discourage hoarding of BU rolls.
I am willing to buy or trade for them "as is" knowing that you can't be sure they are solid rolls. Since I have the capability of rerolling them by machine, it is not a big deal for me to open them and sort out any non-conforming pennies if there are any. That is one of the advantages you have dealing here rather than on eBay. You have made full disclosure and whoever you sell them to here would be buying them based on what is known, with no extra expectations. |
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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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/16/2010 : 13:38:40
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| Shattered, if I was you, I would make a deal with Hoard. He knows the risk, and is willing to take it. Chances are, you have full BU rolls. |
You don't have to be the BEST you just have to be.......SLICK
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 13:44:23
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| Thanks for the help everyone. I will not use ebay because of the fees and the possibility of ripping someone off. I may create a sell thread here make sure everyone knows the risk. I have already received a few offers through private message so I may sell them without making a thread. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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chris6084
Penny Collector Member
303 Posts |
Posted - 01/17/2010 : 13:19:48
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quote:
Originally posted by Shattered
Sorry I recounted it is 65.
I'm worried that some of the rolls may not be solid. What if there are old ones in the middle of the roll? Is this common? Would it be wrong for me to sell them as full rolls if I don't know for sure? The only way I could check is to break them open but I don't have a roller so I don't know what to do. I don't want to rip someone off by selling them mixed rolls.
This is a risk. I had about half a box of rolls that looked BU. I weighed each roll, and there were a few that were slightly heavy. I opened those up, and they were solid with the exception of 1-2 coppers. I then opened up a few that weighed right on, and they were solid with a few old zincs. I almost sold those, and would have ripped somebody off, so I am glad I checked. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/17/2010 : 13:23:29
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| If all this is the case, then go ahead and dump them out, figure out your situation, and then take an accordingly course of action. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/17/2010 : 13:28:38
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| Yeah.. they toss those dirty ones in there to mess us up. This is the advantage of having your own rolling machines.. you can check them out to be sure they are all the right date.. and then reroll them. Any time you find a couple of rolls that are contaminated, you have to assume the all of the rolls in that batch are contaminated. As long as they are properly described as potentially "dirty" rolls.. everyone knows what they are buying. |
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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chris6084
Penny Collector Member
303 Posts |
Posted - 01/17/2010 : 13:41:13
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quote:
Originally posted by HoardCopperByTheTon
Yeah.. they toss those dirty ones in there to mess us up. This is the advantage of having your own rolling machines.. you can check them out to be sure they are all the right date.. and then reroll them. Any time you find a couple of rolls that are contaminated, you have to assume the all of the rolls in that batch are contaminated. As long as they are properly described as potentially "dirty" rolls.. everyone knows what they are buying.
Yeah, I opened all of the rolls, and all were contaminated. Probably some guy at the rolling machine that knows how much money some of us were making on these BU rolls, so he decided to throw in a handfull of dirties to spoil them for us.  Makes me hope that of all the boxes I sold of LP 1's and 2's were truly BU. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/17/2010 : 14:15:19
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| Yeah.. that spiking started long ago.. when all cents were copper. |
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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65 2009 LP4 rolls from the bank
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