| Author |
 Topic  |
|
rakattack
Penny Pincher Member
105 Posts |
 Posted - 02/23/2010 : 20:33:51
|
I know this is a Copper Penny Bullion Forum, but I just use it for CRH-ing results and reading other people's CRH-ing results. I find it too tiresome keeping coppers after collecting about 30 lbs of it. I just throw it with the zincs and roll em back up 
|
|
|
thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/23/2010 : 20:42:26
|
| What is CRH? |
Come to the new and improved realcent: http://realcent.org
|
 |
|
|
Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 02/23/2010 : 20:44:04
|
CRH = Coin Roll Hunting.
|
|
|
|
garnede
Penny Collector Member
USA
386 Posts |
Posted - 02/23/2010 : 20:46:19
|
| On this forum you probably are. |
|
|
|
Nickelless
Administrator
USA
5580 Posts |
Posted - 02/23/2010 : 20:48:57
|
quote:
Originally posted by rakattack
I know this is a Copper Penny Bullion Forum, but I just use it for CRH-ing results and reading other people's CRH-ing results. I find it too tiresome keeping coppers after collecting about 30 lbs of it. I just throw it with the zincs and roll em back up
You need to have a talk with our top-posting member, HoardCopperByTheTon. That, and you need to get a Ryedale. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
Edited by - Nickelless on 02/23/2010 20:50:55 |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/23/2010 : 20:52:47
|
| I don't do the copper thing |
Trolling is an art. |
|
|
|
Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 02/23/2010 : 20:54:16
|
| Why on earth would you search penny rolls then "just throw it with the zincs and roll em back up"? What's the point?? |
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 |
|
|
|
Nickelless
Administrator
USA
5580 Posts |
|
|
knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 02/23/2010 : 21:47:03
|
| Save them a little longer until you have $90-95 and sell them here. Someone would give you 1.3 easy. |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/23/2010 : 21:58:04
|
| I collect Gold/silver/ And the P's. =) |
Trolling is an art. |
|
|
|
Kurr
1000+ Penny Miser Member
2906 Posts |
|
|
rakattack
Penny Pincher Member
105 Posts |
Posted - 02/24/2010 : 00:20:16
|
quote:
Originally posted by Nickelmeister
Why on earth would you search penny rolls then "just throw it with the zincs and roll em back up"? What's the point??
Why not? I only hunt for wheats and indians (if I ever find one ). It's a faster turnaround profit if I need to sell my coins. Skipping looking for dates really speeds up the process. I can go through a box of pennies in about 15-20 minutes where as if I look at dates and sort out copper it can take me up to an hour to go through the box.
quote:
Originally posted by Nickelless
quote:
Originally posted by Nickelmeister
Why on earth would you search penny rolls then "just throw it with the zincs and roll em back up"? What's the point??
Ditto. If you're already sorting through pennies and find coppers, why not keep adding them to your stash?
I don't sort for coppers, just wheats. |
Edited by - rakattack on 02/24/2010 00:22:15 |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/24/2010 : 00:43:40
|
Keep turning them back in.. that way there will be more for those of us that really want them.
I bought out Neckro's copper hoard. I have even bought silver and gold from him.
I sell off some of the copper and buy silver with it. Much faster than CRHing to find silver. Sold off some copper at coin club tonight and then bought a roll of silver dimes in the auction for 11x.
I used to sort pennies the same way as rakattack.. but back then they were all 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. |
|
|
|
rakattack
Penny Pincher Member
105 Posts |
Posted - 02/24/2010 : 00:55:00
|
| I see auctions on eBay for 10 lbs of copper going for $30 + $6.95 shipping and they're actually selling!! I MIGHT just have to start sorting for coppers again. That's more than 2x face :) |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/24/2010 : 00:59:53
|
| I might just have to start selling on eBay again. That's almost enough to cover the new fees. |
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. |
|
|
|
rakattack
Penny Pincher Member
105 Posts |
Posted - 02/24/2010 : 01:03:17
|
| Hey, let the little guys sell off first! ;) |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/24/2010 : 01:09:41
|
| I could probably move a ton or two before you get ramped up. |
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. |
|
|
|
rakattack
Penny Pincher Member
105 Posts |
Posted - 02/24/2010 : 01:14:58
|
| Hey! Don't make fun of me ;) |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/24/2010 : 01:21:07
|
You said you didn't sort out the copper cents. Ya gots to have a few on hand before you start sellin' 'em on the Bay. I figured I could move a couple of tons real fast to get a little extra silver money and be out of your way before you wanted to run your first auction.
Many of us have just continued to sort and stack up copper waiting for the price to come back. |
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. |
|
|
|
rakattack
Penny Pincher Member
105 Posts |
Posted - 02/24/2010 : 01:32:25
|
HCBTT, for your info I have 30 lbs on hand, even though it's nothing compared to your tons of copper :)
I used to sort coppers before it got too tiresome. |
Edited by - rakattack on 02/24/2010 01:33:01 |
|
|
|
Nickelless
Administrator
USA
5580 Posts |
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/24/2010 : 02:41:49
|
quote:
Originally posted by rakattack
HCBTT, for your info I have 30 lbs on hand, even though it's nothing compared to your tons of copper :)
I used to sort coppers before it got too tiresome.
30 lbs is 3 10lb auctions or 1 30 lb auction. Throw them on the bay and see if you get any bites.
If HCBTT puts 100 auctions up, consider that to be chumming the water. Put yours up for 1 dollar less and see if you can get someone to take the bait. |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
psi
Penny Collector Member
Canada
399 Posts |
Posted - 02/24/2010 : 08:59:26
|
| It's not common at this site for a member to admit to sorting pennies just for the old stuff and tossing the other copper, but I bet there are more penny sorters out there of this type than there are copper hoarders. For me the old stuff is the main reason I sort (entertainment) but bringing coppers back to the bank seems counter-intuitive, more hauling for less benefit. For now I just store it, but I know there are buyers on this site and elsewhere. |
|
|
|
AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 02/24/2010 : 09:06:51
|
| I have the ACE and have done about 90lbs in a few months. Then I realized all the mint marks and potential error coins I am missing (WAM, CAM) and started hand sorting again. I use the ace now exclusively for 82's. I dont mind the hand sorting, I know I am not going to be a huge opperation but the though of letting a 92 CAM go into the reject bin bothered me. Still love the ace. Its a nice litte machine. If you are small time, its definately worth the cost. So long story short, yes I keep coppers:) |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
|
|
|
|
NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 02/24/2010 : 09:12:04
|
quote:
Originally posted by rakattack
I see auctions on eBay for 10 lbs of copper going for $30 + $6.95 shipping and they're actually selling!! I MIGHT just have to start sorting for coppers again. That's more than 2x face :)
Where are you seeing these auctions where 10 lbs. are selling for $30.00? I see several 5 lb. auctions for $9.99 with no bids. |
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. |
|
|
|
barrytrot
Administrator
USA
721 Posts |
Posted - 02/24/2010 : 10:26:07
|
quote:
Originally posted by kirkland
It really is not a great thing to do, dumping the coppers with the zincs. Copper cents have a melt value of over 2 cents a piece and it is odd as to why one would not keep them and sell them for a profit later on. If you ever need to sell some of your coppers, you can do so on this forum, or maybe eBay. Still, I hope you enjoy your Wheat Penny, Dimes, and other cool finds in your "CRH-ing."
Kirkland 
The REAL value of a copper cent including shipping is currently 1.35x. Subtract out shipping and you are looking at 1.22x. That's no where near "2x", so not keeping copper makes sense in many ways.
Keeping copper means you have to allocate space and capital. Simply hunting for "cool finds" means your capital isn't tied up and you still get most of the gains since the copper gain (right now) is minimal.
"Cool finds", I would argue is at least as profitable (in current trade) as copper. Cases in point:
- 2009 and 2010 BU coins sell for way over face.
- Every other year BU coins sell for over face.
- Wheats 4x+
- Mint errors go for $10 to $100 or more
- Double dies go for $10 to $100 or more
Meanwhile, "copper" goes for (after shipping) 1.22x. (NOTE: This is not including those "professional sites" that are getting 2x or higher now. This is "selling on this forum" based on ACTUAL prices realized.)
That said: I'm in for the long haul. Once cents can be melted they are instantly worth whatever copper is plus shipping. That's a nice gain! |
|
|
|
Topic |
|
Am I the only one who doesn't keep copper?
Forum Locked
SACRILEGE!!
