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Epaphras
Penny Collector Member
USA
382 Posts |
 Posted - 11/28/2007 : 19:47:24
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Poll Question:
Looking through some of the topics, I noticed that there are many that have Ryedales. I do not think I obtain enough cents during the week to make purchasing one of these a wise investment. Obviously, those with Ryedales are big-time sorters, but I wonder if there are any hand sorters who sort just as much ($100 or per week)?
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Edited by - Epaphras on 12/08/2007 20:34:00 |
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n/a
deleted
192 Posts |
Posted - 11/28/2007 : 21:45:22
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When Industrial sorting sees its day, Ryedale will be held up as a genius.
Until then he is merely, "ahead of his time".
I predict that the mint itself will buy his patents, if he has any.
I hope he makes a million "dollars" 1913 dollars that is. |
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 11/29/2007 : 07:35:34
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I use a half-mechanized system that I built myself for about $35. I would say that it gives me about a 40% improvement over regular hand sorting. Using it I can sort a box of pennies including unwrapping in under 30 minutes (average about 35 minutes).
Right now I have time to sort about 14 boxes a week ($350 a week). With a Ryedale I could easily sort more, but I would be limited to about 25 boxes a week because that is the most zincs that I can reasonably dump a week.
Assuming 25 boxes a week at 28% copper and 1 penny profit per copper, a Ryedale Apprentice would pay for itself after finding 37,900 pennies or in about 2 weeks. Any "hobby" investment that can pay for itself in 2 weeks is pretty darn cheap... IMHO
So what is the cut-off point to make a Ryedale worthwhile? 5, 10, 15 boxes a week? Its impossible to say for sure because it depends on how long you plan on sorting pennies and how long there will be pennies in ciculation to sort.
No matter what I bet it would be a blast to use one. 
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Edited by - horgad on 11/29/2007 07:36:41 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 11/29/2007 : 11:08:29
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Heres a guy with a slightly used Ryedale Sorter, (Apprentice) I shipped it on November 12, but find his comments interesting. He is wanting to get out because it's too much work. Anyway he found buyers, and said he's sorting all the time, the machine is paid for already, but wants his time back. Perhaps a good opportunity to anyone thats been teetering on getting a Ryedale Sorter. I sorted $375 this morning, got my standard 29 percent. Sold some coppers last week, got .02 each on $150 face. The market is developing, and I think the price is a solid .02 right now for each copper. JMHO.
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Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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fiatboy
Administrator
912 Posts |
Posted - 11/29/2007 : 13:14:57
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Ryedale user here. It's nice to know that when I pick up $100 or more in pennies from the bank, I can have them all sorted the same day. I sort in spurts, and though I don't use it every day, it's a real treat to hear that atonal chunky clinky sound and see a big ol' pile of copper! Don't forget about the "fun factor" when sorting. It's almost like a toy, to me. (Although I wouldn't recommend kids using it without adult instruction and supervision.)
I certainly don't sort the large quantities that some members here do, but to me, my Ryedale is worth every penny.
Ryedale reminds me of one of those guys back in the gold rush days that made more money selling pans and picks and shovels than the miners made looking for gold.
If you're serious about sorting pennies, I suggest buying a Ryedale.
But in the big scheme of things, what matters most is that you're actually sorting copper. The method you use is secondary to actually having it. |
"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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/29/2007 : 16:27:34
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Very happy Ryedale user here. It is my favorite machine, and I have lots of great machines. I used to be a pretty serious hand sorter before buying the machine. I was doing over $100 a week using a scale, but buying several times that many penny boxes. I used to read the posts about the guys that sorted using the Ryedale machines and I would get machine envy. After I got over 100 boxes behind on my sorting I figured I had put off that purchase long enough. The new machine sawed through my backlog in no time.. freeing up a lot of capital. It paid for itself within a week.. which is almost unheard of for something you are buying for either a business or a hobby. My only regret was that I put off purchasing my Ryedale as long as I did. If you are going to eventually get one, it is best to get it sooner and reap the benefits of having this wonderful machine. We have half million dollar machines at work that don't do their job nearly as well as the Ryedale does. The one downside of the Ryedale is that it almost makes sorting pennies too easy. You find youself hanging out in bank lobbies begging for a few boxes of pennies. You can never have enough pennies to feed the monster. Also, because it is so easy to sort and because you will be sorting a lot more, disposing of all the zinc can get a little tricky. It is hard for bankers to keep that guaranteed smile on their face when they see you rolling in with 400 pounds of zinc pennies on your cart.. LOL.
If you are going to just sort a few pennies, use a popsicle stick.. but if you are going to get serious about sorting, get a Ryedale! |
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. |
Edited by - HoardCopperByTheTon on 03/06/2008 13:15:01 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 11/30/2007 : 15:08:56
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Guy,
As you all konw - I might be the most active hoarder on the board in terms of volume. I've hoarded over 3 tons of copper hoard in just 9 months.....sold/traded over 1 ton of Cu and Ni in that same time. I've processed over 4.4 Million coins. The numbers are very big.....but more impoarantly, the price of the Ryedale is a screaming bargin.....I now own my original Red Box Machine (3.1 million coins) and also have 2 Apprentices...for a total of 3 machines. This is not because I'm swimming in money....it is because I value my time. There have been many times that I have not sorted for 3 of 4 weeks and had to blast through $2500 (100 boxes) - and I also resort for the "Old Wheats" - so figure about 1.5X passes through the machine. When I had one machine, there were times that I'd put in a 12 - 15 hour day sorting. Last night, I sorted $300, including full clean-up and score reporting, packaging zinc for return...everything....and it only required 1 hour 20 minutes....added 65 lbs of copper....it is a real time saver.
Where can you get that productivity in a low volume, semi-custom machine for just $350? That probably has a 70% Residual Market Price if you ever want to sell when done with the hobby....
Think of it this way: if you can get 2 cents per copper, the machine sorts $180/hour.....let's say your % is 25% Cu.....thats $45/hr in your pocket profit...even if you 3X the amount of time to include pickup and drop-off at the banks....thats still $15/hr net....which is like $22/hr gross......that's equal to 3 "McJobs".....and it's on your schedule!
Don't Wait - Go Buy One! |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 11/30/2007 : 16:51:06
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Ignorant question here - how do you resort for the "Old Wheats" ?
Are you searching for collectible dates, or do common wheats get more than 2 cents?
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Trust the government? Ask an Indian. |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 11/30/2007 : 17:31:10
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i have no problem obtaining cents to sort. the problem is returning the zincs. if i had a ryedale there is no possible way i could keep up with returns on my limited capital. im hoping to find a new bank next week that will take a few hundred dollars of zinc at a time. the one i use now throws a fit at 2 coffee cans a week.
i believe very few of us are actually getting $0.02 each yet. there cant possibly be that many buyers when it is still relatively easy to do on your own. uninterrupted i can now hand sort, total, and clean up at the rate of one box per hour. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 11/30/2007 : 19:12:02
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quote:
Originally posted by El Dee
Ignorant question here - how do you resort for the "Old Wheats" ?
Are you searching for collectible dates, or do common wheats get more than 2 cents?
Not ignorant...but a very good question. It seems that around 1942 and older Wheats (I call these "Older Wheats") had just a touch of Tin in the copper.....and the Ryedale Machine is so sensitive, that when it is doing a sorting for copper - it rejects these "Older Wheats" along with the zincs.....it detects that trace amount of Tin and says - "this is not a Copper Penny!"....thus, there is a zinc resort technique, where you use a good zinc as the reference standard with very high sensitivity: This way is selects all zincs, but rejects the "older Wheat".....it sees the older wheat and says "This is not a perfect zinc.....when you do this you find all kinds of older wheat pennies that would have been returned with the zincs. I've found 2 1909 VDB's this way in the past 2 months.....still looking for the 1909 S-VDB!!!!
It sounds complicated, but it is very clear in the Ryedale instructions.....it is very exciting looking at the concentrate of those older wheats and hunting through it.... |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 11/30/2007 : 19:29:51
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Well, I'll be dang'ded.
I know the copper cent was actually BRONZE (5% tin) up to 1962, I think. You must end up with some early Memorials, then?
I had NO IDEA that any machine could discriminate so finely between the compositions. I mean, the difference in weight between zinc and copper is 20% or so. The difference between copper and bronze is tiny.
Good luck looking for the 1909 S-VDB. Back in the 70's when you could still find wheaties regularly, I found a 1909-S in my uncle's penny jug and thought I was a star!
Makes me want to get one of those economical versions of the Ryedale and start sorting, but it's the same old story...getting rid of the zinkers.
c140 - do you warehouse your coppers, or sell them? |
Trust the government? Ask an Indian. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/30/2007 : 19:52:22
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El Dee.. Resorting for the "Old Wheats" is done when you resort your zinc rejects with a zinc standard at high sensitivity to offsort the older wheat cents. The Ryedale machine is so accurate it rejects the older wheats on the copper keep run because they contain a little bit of tin in the composition.
aloneibreak.. that is a very good sort rate. They let you take pennies in in coffee cans? I need a bank like that. You are right about the zinc disposal being a problem at the higher levels. You have to spread the action around a little. Either find multiple banks you can dump at or one bank with a lot of branches. Also consider getting rid of a few at the Coinstar machine if it has a gift certificate/ecard you can use. Even if you only do a couple of boxes a week, having a Ryedale saves you a lot of time.. but I have to admit having all that speed at your fingertips is a temptation to do more. This is why I don't drive my 69 Dodge Charger R/T SE to work.. that, and the high price of gas. I think that trunk would hold a lot of pennies though.
Interesting thing to me when looking at the survey results is the paucity of scale sorters. I doubled my sort rate when I went from hand sorting to sorting with a digital scale. They don't cost much at all and are a good step up if you aren't ready for a Ryedale yet.
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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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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 11/30/2007 : 20:07:55
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| oh believe me i spread my dumps around as much as i can but gas adds up in a hurry. im actually 3 and a half hours from the nearest coinstar so that option is out. ive got the phone book out and counted bank branches within a 100 mile radius of where i live. theres less than 100 total and some of them are small local banks that are only in that town so it seems pointless to get an account just to dump coin. oh well though. i envy some of your multiple banks in walking distances stories, but i prefer the open spaces. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/30/2007 : 20:27:34
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| Yeah, I probably have 45 branches of just my regular dump bank between home and work. I haven't hit very many of them yet. I hear stories from some other hoarders in my area that they are not keen at all on taking in bags of pennies, and some branches don't even want you to bring in a couple of boxes of coins, even if they are rolled. This is why there is a bank on every corner, so if one doesn't treat you right you just walk across the street to another. I am getting pretty well known at my regular banks.. today I walked into one and some bank lady I didn't even know says "I know you.. you're here to pick up the pennies" I just saw that Ryedale started a thread on dumping zincs. It is certainly an area we can all benefit from sharing ideas on. |
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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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 12/02/2007 : 00:27:54
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quote:
Originally posted by El Dee
Well, I'll be dang'ded.
I know the copper cent was actually BRONZE (5% tin) up to 1962, I think. You must end up with some early Memorials, then?
I had NO IDEA that any machine could discriminate so finely between the compositions. I mean, the difference in weight between zinc and copper is 20% or so. The difference between copper and bronze is tiny.
.......c140 - do you warehouse your coppers, or sell them?
I've kept over 90% of my hoard to date....sold a little at the start. I currently have over 2.5 Tons of sorted Coppers. I store them in 5 gallon pails with lids...pack 'em and stack 'em....a ton is not a big foot print...in fact, a 55 gallon drum holds 1 ton.
They Ryedale machines do not use weight as a sort criteria....the use a magnetic field and evaluate how the coin to be sorted "disrupts" the field....copper and zinc has different amounts of disruption....and old wheats with higher tin has a different disruption than regular coppers, or even post war wheats. A very precise little machine!!! This powerful sorting technology takes the hobby beyond metal hoarding and opens opportunities for anyone that like "treasure hunting" for older coins. |
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jorhyne
Penny Pincher Member
174 Posts |
Posted - 12/02/2007 : 14:36:41
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C140, where/how did you sell your coppers?
quote:
Originally posted by c140cessna
Guy,
As you all konw - I might be the most active hoarder on the board in terms of volume. I've hoarded over 3 tons of copper hoard in just 9 months.....sold/traded over 1 ton of Cu and Ni in that same time. I've processed over 4.4 Million coins. The numbers are very big.....but more impoarantly, the price of the Ryedale is a screaming bargin.....I now own my original Red Box Machine (3.1 million coins) and also have 2 Apprentices...for a total of 3 machines. This is not because I'm swimming in money....it is because I value my time. There have been many times that I have not sorted for 3 of 4 weeks and had to blast through $2500 (100 boxes) - and I also resort for the "Old Wheats" - so figure about 1.5X passes through the machine. When I had one machine, there were times that I'd put in a 12 - 15 hour day sorting. Last night, I sorted $300, including full clean-up and score reporting, packaging zinc for return...everything....and it only required 1 hour 20 minutes....added 65 lbs of copper....it is a real time saver.
Where can you get that productivity in a low volume, semi-custom machine for just $350? That probably has a 70% Residual Market Price if you ever want to sell when done with the hobby....
Think of it this way: if you can get 2 cents per copper, the machine sorts $180/hour.....let's say your % is 25% Cu.....thats $45/hr in your pocket profit...even if you 3X the amount of time to include pickup and drop-off at the banks....thats still $15/hr net....which is like $22/hr gross......that's equal to 3 "McJobs".....and it's on your schedule!
Don't Wait - Go Buy One!
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Pennies For Sale: http://tiny.cc/jorhynespennies |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 12/02/2007 : 17:46:06
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Mostly developed contacts on Ebay - then had additional sales Off-Ebay from a lot of these same customers.
Just get in the game and the market will develop. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 12/03/2007 : 21:29:12
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quote:
Originally posted by Ryedale
Heres a guy with a slightly used Ryedale Sorter, (Apprentice) -snip- Perhaps a good opportunity to anyone thats been teetering on getting a Ryedale Sorter. -snip-
That was truly a selfless tip. You are a giant amongst us penny hoarders. Thank you. |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 12/04/2007 : 10:28:21
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quote:
Originally posted by horgad
quote:
Originally posted by Ryedale
Heres a guy with a slightly used Ryedale Sorter, (Apprentice) -snip- Perhaps a good opportunity to anyone thats been teetering on getting a Ryedale Sorter. -snip-
That was truly a selfless tip. You are a giant amongst us penny hoarders. Thank you.
That's no joke. How many people out there that create, manufacture & distribute a product are willing to point out someone else that is selling said product at a possibly cheaper price. Salute to you, Ryedale! |
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 12/06/2007 : 09:49:34
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As I've said elsewhere on this forum, the Ryedale machine rocks. It is a bargain and it works extremely well. I've been using some sophisticated commercial sorters that cost 20x what the Ryedale costs... guess what I use for quality control to check their accuracy? My Ryedale! The great thing about the Ryedale is that it is either working correctly, or it ain't working at all (i.e., it is jammed) - it never mis-sorts. The more sophisticated sorters can subtly misbehave in certain situations, and you'll never know it unless you test their output. Ryedale is the way to go for moderate-scale sorting.
Also, Andy is a great guy and will personally work with you on any problems/questions that you might have. Try getting ScanCoin, Reis, De LaRue, or any of the other bug guys to do that... you'll be paying them $150/hr.
MaDeuce |
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n/a
deleted
34 Posts |
Posted - 12/07/2007 : 01:34:58
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I been doing maybe 100 to 50 dollars worth each week. It took serval monlths just get 100 dollars on 59 thru 1981 cents. It has not been an waste doing all by hand without machices. I been installing all the clean zinc pennys in whitmans to sell on ebay becides pulling the 59 thru 81 cents. I have built an totol of 13 1909 thru 2007 pennys books starter sets and I even been making au/bu rolls on zinc pennys.
Some of coin guys on ebay buy those solid date rolls of those zinc pennys and penny collections. In pennys you can make money 3 ways in there. 1. hoarding copper. 2. selling bu/ au coin rolls. 3. Installing them in books for collections.
I hope my sales on my 13 sets and solid date rolls zincs can help me buy rydale machice where I do more like you guys with machices to short . I want buy more pennys each week to hoard more copper I can sell later for silver coins since they take up less space compared to boxs of pennys.
Chevrolet454ss |
I love those fed boxes and hoard up pre 64 silver coins such as rolls of 64 half dollers. Maybe copper will be very expensive such as silver is. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/01/2008 : 12:53:32
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Thanks for all the advise.
I really do enjoy watching and talking in this forum.
I am a really small player compared you the other folks here. I now have a total of $100 face value pre 1982 cents.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/01/2008 : 16:50:33
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quote:
Originally posted by Cody8404
Thanks for all the advise.
I really do enjoy watching and talking in this forum.
I am a really small player compared you the other folks here. I now have a total of $100 face value pre 1982 cents.
Don't feel bad about totals. Your $100 is $100 more than most people have. You have the edge on the great majority of the population. Keep it up! Remember you have to crawl before you walk.
I hand sort, for now, but I have been doing way more buying than sorting. Debating on the Ryedale.
Deal
p.s. chevrolet454ss, how much are you getting for the complete sets? By complete do you mean COMPLETE, as in 1909 S V.D.B. and other key dates? |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Ryedale
Administrator
USA
523 Posts |
Posted - 01/01/2008 : 19:49:19
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quote:
Originally posted by Cody8404
Thanks for all the advise.
I really do enjoy watching and talking in this forum.
I am a really small player compared you the other folks here. I now have a total of $100 face value pre 1982 cents.
Hand sorters or automatic, all input is appreciated on the forum. We are a unique bunch, that is for sure. Big shot or small timer, at least we are participating in the opportunity. |
Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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fiatboy
Administrator
912 Posts |
Posted - 01/01/2008 : 20:14:01
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quote:
Hand sorters or automatic, all input is appreciated on the forum. We are a unique bunch, that is for sure. Big shot or small timer, at least we are participating in the opportunity.
Well said. 
And chevrolet454ss, you're onto something. Selling complete sets is a great way to make money. Before I got my Ryedale, I was able to put together from circulation a complete Lincoln set minus the 1909-s vdb. Took a little while---and a lot of luck. Big bucks in sets and rolls! AU and up, especially. |
"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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n/a
deleted
34 Posts |
Posted - 01/06/2008 : 03:39:00
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On me building sets from those pennys. I pay like 9 bucks for those 1909 thru 1940, 1941 thru 74 , 75 thru 2007 folders from Ce harris.
I build starter sets minus the big keys like 1909s, 1914d, 31s, 09 s .v.b coin. I dont install 1910 thru 1915 s, 24d, 22d, keys.
Most starter sets will sell for around 85 to 100 bucks on ebay as starter sets. Collectors buy them fill them up with keys later. I have not sold any sets yet since I am working them on still. I see other guys selling them on ebay . 1941 thru 2007 sets will sell for 35 to 49 bucks on ebay minus the 1909 thru 1940 section.
The hard part building those sets are 68 thru 74 s mints, 1970 small date 1941 thru 1950 s mints, 55s is tough. 1982 small dates are tough. You may need go thousands of rolls to find decent au/bu coins to install in them. The 1909 thru 40 section is almost cant be done from going thru bank rolls these days.
On me making bu / au rolls of zinc pennys . They buy them on ebay and build roll sets or collect them to build sets. Before I started roll searching. I paid 325 dollars for an complete roll set of cents from 1959 thru 2007 with extra rolls. Reason you sell those sets without books for 20 bucks each. You are looking at 650 bucks profit from those roll sets. They love those 59 thru 2007 bu sets to install in there books. I even building roll set from 34 thru 58 of used brown cents to build sets later. I will buy the 1909 thru 1933 solid date rolls later aslong with 50 Dansco books from wholesaler. I may try find solid date rolls of proof coins later or I may take apart 50 proof sets of each year to build rolls later.
I hoard copper just like you guys. Reason its by product or rejects I dont want install my sets I build. I just roll up those 59 thru 81 junk copper cents and save them just like you guys do. My hoard of junk copper is geting big as I work on building sets. I may build another 50 folders 1941 thru 2007 sets to use up extra rolls of coins I have collected up.
My copper hoard I dont want sell back to bank like I used do intill this year. You guys is why I started saving those 59 thru 81 junk coppers. I amazed on what is happening with those junk copper pennys. I amazed guys hoard those things with melt ban inplace.
Becides me building penny books. I build nickel, dime, half dollar, quarter , Ike dollar books, Gold dollar books also. I build them all. I may take break from pennys and work on searching half dollar boxes for few monlths to pull silver coins. I cant stop in pennys intill I get finished on my sets to invortary for ebay or my dream coin store I want open in 2009 since I am becoming coin dealer becides hobby guy.
Chevrolet454ss |
I love those fed boxes and hoard up pre 64 silver coins such as rolls of 64 half dollers. Maybe copper will be very expensive such as silver is. |
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By hand or Ryedale?
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