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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 02/05/2010 : 17:46:29
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Poll Question:
I think within a few years, whether after the melt ban is lifted, or inflation causes copper cents to rise to say five cents apiece, you will see copper become as scarce as wheaties are now. I don't think they'll ever disappear, but the percentages might be as low as one percent. Would you continue to look for them at that point? What does your "payoff" need to be to keep you motivated? And assume there's a market for people who would readily buy copper cents. 
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Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 02/05/2010 17:48:57 |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 17:56:22
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| So I may be reading it all wrong, but the question seems a bit different from the choices. What exactly are you saying? |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 02/05/2010 : 18:00:00
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| Not quite sure how to frame the question correctly. If, as I assume, copper cents almost disappear, their price will rise. So if searching for coppers becomes like looking for silvers in rolls are now, what would it take to motivate you to continue? What kind of "return" do you need on your effort, to not become discouraged and quit? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 18:02:27
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| I would have a hard time asking that too. I think I would still look for coppers even if it was that hard to find them because they would be worth more than 5 cents a piece. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 02/05/2010 : 18:03:35
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| What is hard for me to fathom is all you guys who search rolls for silver. Sure, once in awhile there's a spectacular payoff, but how common is that? For me, the continual positive reinforcement of a steady twenty percent (in my area) is a much better payoff then looking through box after box of skunks, and then maybe finding one 40% silver. Do the silver sorters ever keep track of how much time they're using for the returns they are getting? Seems to me like copper is a much better use of our time than silver would be. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 02/05/2010 18:05:09 |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 18:06:45
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| Good points, beauanderos. I like them both, but it truly is easier to get copper. Silver is worth more but harder to find. I think it is still worth it to find silver, because it still pays off. |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 18:08:09
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| Another point, copper pennies come in larger quantities and make it difficult to store all them. They get heavy. Silver, on the other hand, won't take up as much room and won't weigh as much. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/05/2010 : 18:22:09
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What beauanderos said.
At a certain point, the number of coins found, multiplied by the value of the coins falls below the point where it is economical to do searches.
Doing box searches for silver dimes, and war nickels, is WAY WAY below this point - into the waste of time category. I just sorted my first (and last) box of nickels. You do silver searches for fun, that's all. It would be more economical to simply go to a coin show to buy silver.
Penny searching at 20 - 30% copper presents a worthwhile activity.
Pennies at under 5% copper probably fall into the waste of time category, unless you are machine sorting. 2500 coins, at 5% copper, worth say...5c each is $6.25. Is it worth the effort?
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Trust the government? Ask an Indian. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 02/05/2010 : 18:33:06
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| Thanks, El Dee. I guess the point of my question really is, if finding copper's drops to the equivalent of the rewards now offered by members who sort rolls, how many would continue the search? Would the "fun" of searching a $25 box of pennies compensate you for your time if your take was only $1 or $2? It takes me forty minutes to slice the plastic wraps, dump out the pennies, and then run one box thru my Ryedale. Of course, mine jams about every 200 or so, so that slows things down. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/05/2010 : 18:37:25
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quote:
Originally posted by beauanderos
Of course, mine jams about every 200 or so, so that slows things down.
Dri-Slide 
Tear, turn halfway around, tear.
Upside down over the hopper, bend and squeeze. Voila!
You'll get the knack.
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Trust the government? Ask an Indian. |
Edited by - El Dee on 02/05/2010 18:42:07 |
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kirkland
New Member
USA
0 Posts |
Posted - 02/05/2010 : 18:37:49
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| Don't cut open the clear rolls. Just tear a tiny bit off the end with your finger and shake the pennies out. To do a box by hand sorting, it only takes me 30 minutes of less, assuming that I would do it all at once. I like to prolong each box so I don't use up all the fun at first and not have any left to sort. |
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When will you stop looking for copper?
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