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Wooden Nickel
New Member
Canada
4 Posts |
 Posted - 02/17/2010 : 18:44:47
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I have been thinking about sorting pre 82's for a couple of months. I recently have an opportunity to buy in sorted lots of 10,000 for $.07 a nickel. That’s $500 or 100 lb for just $700 CND. There are 10 lots available. My question is how fast can I flip these for at today’s price. I could buy all 10 lots sell 7 and keep 3 for myself. Nothing like free bullion.
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metalmoney.ca
Penny Pincher Member
Canada
223 Posts |
Posted - 02/17/2010 : 19:00:31
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BUY BUY BUY
thats a screaming buy, IMHO just do it.
One person on here offers to buy "all quantities of canadian .999 at spot +5%"(not sure if thats shipped or not...) please correct me if im wrong someone.
spot today is 8.94 cents (US)
coinflation.com/canada
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metal is a claim on future human labour. let's all go get some while the getting is good, eh? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/17/2010 : 19:04:11
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| If I understand you correctly you are saying you can buy .999 Canadian nickels for seven cents each (Canadian money). If so, I think you wouldn't have any problem selling them as long as you in turn offered them at a reasonable price. And buying them at that price you have a lot of wiggle room on their price and still make a great profit. |
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Think positive. |
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Wooden Nickel
New Member
Canada
4 Posts |
Posted - 02/17/2010 : 19:13:41
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| The only problem I see is the shipping cost would kill any profit. I have no idea what shipping on 1000 lbs would be but my guess is a dollar a pound min. Another option might be ebay and sell 1-5 lb lots at $9-10 a pound + shipping. |
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metalmoney.ca
Penny Pincher Member
Canada
223 Posts |
Posted - 02/17/2010 : 19:29:04
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have you checked the copper cave website?
I think Nate is selling 5 lbs for 66 bucks or so.
It's a tight market, you'll do ok no matter what in my books.
Where are you located in Canada? |
metal is a claim on future human labour. let's all go get some while the getting is good, eh? |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2010 : 19:58:15
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| $7 CND / pound is a great price... |
Nate
The Copper Cave
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subaqua99
Penny Sorter Member
Canada
25 Posts |
Posted - 02/17/2010 : 20:01:43
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| Where are they located in Canda? I'm located in Nova Scotia. Where are all my fellow Canadians located? |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/17/2010 : 21:12:02
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| shipping can be added as an extra charge |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 02/17/2010 : 21:35:24
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| Yeah fasttcarr usually sells canadian nickels at the best price. I dont even think he can sell them that cheap. So its a good buy. As far as reselling them you might could get 11 cents each |
Inquiring minds want to know |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 02/17/2010 : 22:01:40
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| I'll buy 'em! Winnipeg |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2010 : 22:03:24
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quote:
Originally posted by Wooden Nickel
50 lb lots @ spot (9.40 a pound) and approx $1.00/lb shipping is there any interest here for Canadian buyers. Total price is $520. Shipping to the US is too high more than $100 for 50 lbs + any customs charges.
Fair price, but I think you may find more people in the US looking to buy them than in Canada. We don't get hit with customs charges for receiving foreign packages like you guys do, but the postage can be high. I often buy 20 pound lots and shipping from Canada to the US is a little under $30 CAD, so $1.50/pound or so. I imagine that varies by location though. We're spoiled with our flat rate boxes in the US... |
Nate
The Copper Cave
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Edited by - natsb88 on 02/17/2010 22:04:04 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/17/2010 : 22:31:19
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Maybe you could ship them jadedragon and we can drive up to see him and pack then off back to the states.  |
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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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/17/2010 : 23:52:10
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You don't live near the border do you?
If so you could make a number of sells and then bring them accross and drop ship them all in one trip.
But yes, that eats into profits.
Wow, wish I had a vacation to Canada planned for this spring! :) |
"May your percentages ever increase!" |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/18/2010 : 00:01:54
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| at 7 cent each, I would buy all that he had. |
You don't have to be the BEST you just have to be.......SLICK
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1945V
Penny Pincher Member
Canada
153 Posts |
Posted - 02/18/2010 : 06:17:34
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Wolvesdad,
You guys might like vacationing here in Canada
All the snow we ordered this winter wound up in Washington DC for some reason :)
quote:
Originally posted by wolvesdad
Wow, wish I had a vacation to Canada planned for this spring! :)
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 02/18/2010 : 08:06:03
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| yeah I am in northern North Carolina and it has snowed every saturday for the last 3 or 4 weeks. Thats unusual for us |
Inquiring minds want to know |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 02/18/2010 : 10:12:16
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Melt on them currently is 9.14 US or 9.53 Canadian.
I would not sell any for less than 10 each plus freight right now.
Buy em up! |
www.londongoldbuyer.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/18/2010 : 11:51:37
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| I get around the higher freight costs because I live close to the border. You could plan a vacation south and just haul them into the US to ship. Do a big presalo first. Also Canadian pennies have a market in the US. I will not sell the nickels below 10 cents each and I keep selling out. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Junk Woody
Penny Collector Member
Canada
262 Posts |
Posted - 02/18/2010 : 13:42:38
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At that price why worry about shipping?
I would hoard them. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/18/2010 : 22:20:12
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At that quantity not everyone has the free cash on hand to hold such a purchase. What a buy though!
I have liked both of my vacations in Canada so far and am sure there will be more to come, just not for the next two years or so. We are trying to plan a big 'once in a lifetime' trip to Asia with the kids(but with 6 tickets it is going to be expensive). |
"May your percentages ever increase!" |
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Maple_Leaf
New Member
Canada
1 Posts |
Posted - 03/08/2010 : 11:37:32
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Hi all, I have been a lurker here for over a year and have been casually collecting Canadian NI, CuNi and Cu. I am looking to move these out and currently have 4 boxes of Ni, 2 boxes of CuNi and 3 boxes of coppers. I am in BC Canada so the natural person to buy these might be JadeDragon?
Sorry for the thread hijack! I now return you to your regular scheduled program.
Leaf |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 03/08/2010 : 12:49:44
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I have no market for CuNi and I just return them to the bank now. The problem is that the Americans can get CuNi at face all day long by buying US nickels.
Ni and Canadian copper yes, these I'm interested in. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Junk Woody
Penny Collector Member
Canada
262 Posts |
Posted - 03/08/2010 : 21:41:21
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HOWDY Maple Leaf Welcome,
Are you located on Vancouver Island by any chance? |
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mooski
Penny Sorter Member
USA
61 Posts |
Posted - 03/10/2010 : 22:57:42
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Hey - I'm in Seattle, right down I-5!
And if I'll drive to Salem Oregon and back for Wheats... :) |
Sorting and hoarding in Seattle, WA |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 03/12/2010 : 14:17:56
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| So what happened to this guy? Newbies sometimes bring the craziest stories and then leave us without resolution! Easy come, easy go. |
"May your percentages ever increase!" |
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goodcoin
Penny Sorter Member
42 Posts |
Posted - 03/12/2010 : 23:16:46
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Hello Wolvesdad,
Planning a trip for Asia? The world expo is in Shanghai this year. A must see. |
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.999 Canadian nickels for .07
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