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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 11/12/2007 : 20:35:12
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Gf is fine.. nothing serious.. just there to get a blood blister popped from when she dropped a can of green beans on her toe at the grocery store.. at least she didn't drop a bag of pennies on it.. besides, I discovered a new source of pennies and got a great story to tell. I wonder if anybody around that gator pond ever rigged up something to cast out and real in coins.
I think I read somewhere that the zinc pennies are actually harmful to fish and wildlife. I am just doing my part like the mint director asked.. to "preserve the coinage" by getting these unwanted pond pennies back into circulation so the mint won't have to crank out so many 2007's.
Great one day record c140cessna! Very impressive. I am going to have to get busy and catch up. How are you going to get rid of that much zinc? That is my biggest problem.
Coin buying was a little slow today. All the banks were closed so all I got was 2 rolls of pennies and 5 rolls of nickels from the Loomis coin drop at work.
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu692500(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
Edited by - HoardCopperByTheTon on 11/12/2007 20:37:02 |
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n/a
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5 Posts |
 Posted - 11/13/2007 : 08:30:18
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Hey guys, just wanted to say I have done my first box of pennies thanks to this bug you guys have given me! :-P
Results from my first box are:
$25 bwr
7 wheats:
1x1950
1x1951
1x1952
1x1956
3x1957
3 Canadian pennies:
1x1940
1x1993
1x2004
1 Barbados penny:
1x2006
Coppers: 808
Percentage of copper: 32.32% |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/13/2007 : 09:17:42
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quote:
Percentage of copper: 32.32%
Congrats, that is a great percentage. If that is close to typical for your area, you may be located in a prime location. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/13/2007 : 11:11:49
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I found a new dump bank last week and tested it out today. With the addition of the new dump bank I should have the ability given my schedule to return 25+ boxes of zinc dumps per week. I am a hair's width away from getting a Ryedale because I don't think it will be possible for me to reserve the time to sort 25 boxes by hand (would be about 17 hours a week).
However, the copper prices are holding me back. We could be on the brink of a major deflationary period. Some days, with the market action lately, I am holding my breath waiting to see if we fall of the cliff or not...
In any case:
Sorted 6 boxes
Returned 10,732 zincs
Kept 4,268 coppers
28.45%
I'm expecting my percentage to trend a bit lower for a while. I am acquiring more boxes now and still sorting the lightest boxes first. So I will have more "light" boxes from my inventory to choose from. Currently I have about 40 boxes in my inventory and I have 70 on order for this week...
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 11/13/2007 : 12:38:14
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4 Boxes:
28.37% copper
7 wheats(lowest wheat/box ever)
13 copper canadian
1 *@&! dime |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 11/13/2007 : 12:39:27
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Sorting analysis Nov 13
$9.00 in cents. CWR
0 dimes
0 Wheats
0 Canadian
0 others
17.1% copper cents
82.9% zinc cents |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/13/2007 : 17:26:10
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quote:
Originally posted by horgad
I found a new dump bank last week and tested it out today. With the addition of the new dump bank I should have the ability given my schedule to return 25+ boxes of zinc dumps per week. I am a hair's width away from getting a Ryedale because I don't think it will be possible for me to reserve the time to sort 25 boxes by hand (would be about 17 hours a week).
However, the copper prices are holding me back. We could be on the brink of a major deflationary period. Some days, with the market action lately, I am holding my breath waiting to see if we fall of the cliff or not...
Go ahead and treat yourself to a Ryedale. You are certainly doing the volume to justify it. Are you going to totally stop sorting just because the copper price dips a little? Looks like you could save about 12 hours a week if you had the right equipment, so that machine would pay for itself in no time. Congrats on getting a new dump bank.
I need to get a few more dump banks too.
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu692500(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/13/2007 : 19:12:08
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"Are you going to totally stop sorting just because the copper price dips a little?"
I won't stop hoarding/collecting boxed unsorted copper, but at the moment I am not in a huge hurry to sort them. The economy just has me a little freaked at the moment and its giving me a case of analysis paralysis. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/13/2007 : 19:51:57
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The way I look at it is.. I am eventually going to sort all my boxes of unsorted pennies. Currently I have about 125 boxes on hand with more ordered for Friday. Whatever the economy does, I still have my money if it is in boxes of pennies. I class pennies into three categories.. Copper, Unsorted & zinc, with copper being the most desireable. We each only have so much play money we can tie up in pennies. I would prefer that what I have tied up be in solid copper, so I want to sort those unsorted boxes as fast as possible to extract the copper, but also to free up that 80% that is zinc so I can exchange it for more unsorted boxes. This is the same reason you sort the lighter boxes first.. so you free up the capital to obtain more unsorted boxes while retaining the highest percentage of copper you can. By cycling your capital over and over you can increase the % of copper you have in your hoard with the same finite amount of capital. Obviously the right equipment helps you do this in a more efficient manner. If you think you might someday buy a Ryedale to do the job, then you might as well get it now and save yourself all those extra hours of work. My only regret on my Ryedale is that I waited a few months longer to buy it than I should have. The amount of capital it freed up by allowing me catch up on bulk sorting more than paid for the machine. Also, it is my belief that boxes of unsorted pennies now will contain a higher percentage of copper than boxes obtained 6 or 8 months from now.. a good argument for buying boxes of unsorted pennies now even if you don't have time to sort them all. But by getting the zinc sorted out and converted back into fresh boxes as soon as possible you convert the zinc component of your hoard into the more desireable unsorted boxes which contain some copper. Then you just do it over and over again until all the boxes you can afford to stack up are all copper. Do you want zinc sitting on your floor or copper? Until you get those boxes sorted you are tying up at least 70% of your operating capital in zinc.
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu692500(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 11/13/2007 : 23:47:11
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Sorting analysis Nov 14
$25.00 in cents. FWR
0 dimes
9 Wheats
0 Canadian
0 others
19% copper cents
81% zinc cents |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 11/14/2007 : 23:47:09
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Sort Report 11-14-07
US Copper:
Amount Sorted = $500 FV (20 "boxes")
Copper Hoarded = $184 FV (7.4 "boxes")
Copper % = 36.9% (typical for S.E. Michigan is 29%)
Composition: 100% Credit Union Loose Bag
Added to Hoard = 123 lbs (US Cu total = 2802 lbs)
Canadian Cu = 2000 lbs
Total Cu = 4802 lbs
Ryedale Machine(s) Total Sorted: 4,074,000 since Mar 2007.
M41/1USMI:US1Cu415000,CA1Cu328000,CA5Ni35000....total Cu = 742,000. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/15/2007 : 02:45:38
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Coin buying Report for today:
$403.75 in mixed change. A guy brought in a coffee can full of change to work today. The Mach 7 ripped through it in about a minute (I love this new machine!). Saved him 36 bucks in Coinstar fees.
Loomis Coin drop at work:
5 BWR nickels
3 BWR pennies
San Jose Coin Club
1 bag of wheat cents
2 Silver dollars
849 Canadian pennies
891 Canadian nickels
81 Canadian dimes
2 rolls copper pennies
580 Ike Dollars
40 rolls shiny new Nevada Quarters
8 bags of copper cents
Also got the 3peat in the all gold raffle.. 2 dos pesos gold coins and an 1897 $5 gold piece in AU.. a pretty good night.
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu692500(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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centsless
Penny Pincher Member
119 Posts |
Posted - 11/16/2007 : 16:48:31
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20 rolls today 4 were machine wrapped
314 copper for 31.4%, including 3 wheats
30 1982's
4 canadian copper
a few of the pennies had been in original rolls for a long time, saw some nice '73's and a very nice '68. in the latest numismatic news the 1969S double die recently discovered in an original roll was graded MS 64. it could possilby bring 6 figures at auction. |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 11/16/2007 : 18:53:06
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Sorting analysis Nov 16
$25.00 in cents. Brinks
0 dimes
5 Wheats
3 Canadian
0 others
18.1% copper cents
81.9% zinc cents |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/16/2007 : 19:49:22
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I'm gonna have to look through all those original rolls of 69-S pennies I have stacked away one of these days. Hey, it could happen.. look how long that one the guy found sat around. Earlier this year I found a 1909-S VDB in XF in a little baggie of wheat cents I bought for 3 cents each.
Got pennies from a new source bank today. I had originally ordered 24 boxes, my standard order, and when I got about half way to work I realized I forgot to pack my trusty cart. I was thinking I was going to have to make a lot of trips to the car. Fortunately, they were told they could not order more than $200 at a time. Not a surprise. They felt bad that they shorted me, but I was cool about it. So now they will be good for 8 boxes every Friday.
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu692500(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/17/2007 : 01:40:46
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Sorting Report for today:
12 CWR dimes
No silver
3 bonus dimes
1 Canadian
5 Boxes BWR pennies
2661 copper
1 1976 Idaho State engraved in field
21.29%
-a few more than I had before..
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu695600(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/17/2007 : 11:15:48
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Report for last half week:
Sorted 7 Boxes
Returned 12,527 zincs
Kept 4,973 coppers
28.4%
Combined with my mid-week report that makes 13 boxes total sorted last week. Which is a new record for me. Also last week I got to "sort" a hand rolled boxed where the person had sorted all his pennies by date and mint mark before returning them.
When I first looked at the box of dated rolls, I thought that I was going to get some old collection of uncirculated pennies or some solid rolls of wheats. However, the pennies looked like very normal circulated pennies...just meticulously sorted. But at least the box was fast to sort and was about 40% copper.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/17/2007 : 14:57:11
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No sorting, but I bought a few.
$50 in Brinks boxes
As an added bonus I picked up some Au as well. A $10 GAE. Not much but every bit counts.
Deal
p.s. No, the gold was not in the pennies, I wish.
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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fiatboy
Administrator
912 Posts |
Posted - 11/17/2007 : 21:21:01
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Today's 4 boxes yielded:
24.4% copper
45 of which were wheats
1 "darn dime"
32 Canadian
Highlights:
I found a 1927 AU slider without the zinc resort.
2 of the Canadians pennies were Kings
And a 1996 British penny jammed up my Ryedale for almost 15 minutes before I got the darn thing out. grrr...
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 11/18/2007 : 17:06:01
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todays $50 sort
Box 1
712 copper
1698 zinc
83 82's
2 wheats (one was a VF 15-d)
5 canadians
712/2500 = 28.48%
Box 2
681 copper
1715 zinc
12 wheats
4 canadians
88 82's
681/2500 = 27.24% |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 11/19/2007 : 11:20:11
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This is not an update because I have only been sorting for about one month. This is my total buying and sorting to date.
cents purchased $1250
copper found $240 = 19.2%
($6 in above are wheats)
If I didn't have a ryedale and a fast coin counter I never would have attempted even doing 10% of that volumn by eye. I have pretty good eyesite but even with half dollars I wear a jewelers headband magnifier. I have done 140,000 halves this year. |
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centsless
Penny Pincher Member
119 Posts |
Posted - 11/19/2007 : 16:57:08
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20 bankwrapped rolls today, got a great %
347 copper pennies for 34.7%, including 8 wheats
8 copper canadian
30 1982's
dont forget to paw thru your unopened rolls of 1972 pennies someday too, HCBTT, as there was a major double die that year also. kinda looks like somebody did around here lately as i found several nearly unc 1972 pennies in this batch.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/19/2007 : 17:26:21
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quote:
Originally posted by cyberdan
This is not an update because I have only been sorting for about one month. This is my total buying and sorting to date.
cents purchased $1250
copper found $240 = 19.2%
($6 in above are wheats)
If I didn't have a ryedale and a fast coin counter I never would have attempted even doing 10% of that volumn by eye. I have pretty good eyesite but even with half dollars I wear a jewelers headband magnifier. I have done 140,000 halves this year.
$70,000 in halves huh....A lot. Must have a hell of a hookup on them. My banks would laugh me out of the place with those kinds of demands. My girlfriend would flip if I had that much involved in halves. How many at a time do you usually get? I gotta ask, what face value in Ag did you pull out of all that? Sorry for all the questions but $70,000 in halves is a lot. I raises questions for me. I like halves. Thanks.
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/20/2007 : 10:45:59
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Report:
5 Boxes Sorted
Returned 9,402 zincs
Kept 3,098 coppers
24.8%
The light boxes are dragging my numbers down, but the good news is that I got a good number of unsorted heavy ones in "deep storage" including a few that I estimate to be 40%.
I also found my very first every zinc penny blank today. I have no idea if it is worth anything, but I thought it was very cool. It was in a machine wrapped box of circulated pennies...which means somehow this thing survived being in circulation long enough to fall into my hands. I had to look at about 450,000 pennies to find it...
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n/a
deleted
8 Posts |
Posted - 11/20/2007 : 12:21:11
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Another strike-out
2-$25.00 brinks box (mulit colored)
ALL ZINC
including 21 canadian zincs
32 82's all zinc
I've been Rydaled again! |
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Sorting Percentages VIII and buying reports
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