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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/06/2008 : 13:27:59
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I just started last weekend and have sorted $125 by hand so far with another $75 waiting at home. Should be able to finish those up this weekend.
But within a week or two at the outside I'll be buying a Ryedale, then trying to push through at least $500 a week, maybe up to $1,000 if I get really serious.
As soon as I start selling copper to recoup some costs I'll see about trying to do more if possible.
Hoarding a ton of copper works out to what...not quite $3,000 face value of the pennies?
At a 20% copper/zinc recovery rate that would be ~$15,000 total pennies to sort.
Whoa. This is gonna be fun!
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Sorting In Northwest Mississippi |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 03/06/2008 : 14:41:03
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quote:
Hoarding a ton of copper works out to what...not quite $3,000 face value of the pennies?
At a 20% copper/zinc recovery rate that would be ~$15,000 total pennies to sort.
Whoa. This is gonna be fun!
It is definitely a marathon and not a sprint. I figure that for most people getting $10,000 face of coppers (sort maybe $40,000 face) in a year is a challenge even with a Ryedale and near impossible without one. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/06/2008 : 17:15:17
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Instead of sorting those other 3 boxes by hand just spend the time acquiring more boxes of pennies. Then you can sort them all very quickly once you get your Ryedale. My only regret on getting my Ryedale was that I waited before ordering it. The sooner you get this fantastic machine the better!
Yes, 300,000 copper pennies is a ton if they are US coppers. You are right.. it is fun! |
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 21:54:50 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 03/06/2008 : 21:49:00
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quote:
Originally posted by HoardCopperByTheTon
Instead of sorting those other 3 boxes by hand just spend the time acquiring more boxes of pennies. Then you can sort them all very quickly once you get your Ryedale. My only regret on getting my Ryedale was that I waited before ordering it. The sooner you get this fantastic machine the better!
Yes, 3,000,000 copper pennies is a ton if they are US coppers. You are right.. it is fun!
HCBTT, no wonder your tons take so long to build up. Perhaps it should be Hoard Copper by the TEN Tons.
Just teasing of course, but I think that Ton is closer to 300,000 coins.
I just can't let this slide you know  Andy |
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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/06/2008 : 21:54:04
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And here I thought all along I was just sorting too slow.
Those are LONG tons, Andy! .. not short tons.
Got distracted right in the middle of the post by work so I threw in a couple of extra zeros for good measure.
Maybe I was just thinking of how many tons I would like to have. |
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 22:03:52 |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 05/27/2009 : 10:52:36
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quote:
Originally posted by horgad
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. 
Well, what's your $35 invention? Do tell! |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/15/2009 : 22:33:00
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| i am pretty shocked only 23 voted they had a ryedale but i guess this is an old post |
Inquiring minds want to know |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 07/16/2009 : 04:36:59
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| arent there only a few hundred ryedales in existence? I'm not surprised. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/16/2009 : 05:51:02
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| I use my ryedale and I am not a big time sorter. I like it for the time I save by sorting out the zinc. I then hand sort the copper for wheats and s mint mark. Great time saver. |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/16/2009 : 11:53:09
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| My Ryedale will be coming sometime next week, so I will be sorting with a Ryedale. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/16/2009 : 14:50:08
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| Be careful with using a Ryedale. They are VERY addictive. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/16/2009 : 18:46:41
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| I love My ryedale |
Inquiring minds want to know |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/17/2009 : 02:21:41
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quote:
Originally posted by jonflyfish
Be careful with using a Ryedale. They are VERY addictive.
Jonflyfish, I've had one before. After selling it I had withdrawals for months...(I'm only half joking...of course.)  |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/17/2009 : 19:43:39
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quote:
Originally posted by jonflyfish
Be careful with using a Ryedale. They are VERY addictive.
Jonflyfish, ...(I'm only half joking...of course.)
It's the other half that gives cause for concern! Cheers |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 07/18/2009 : 16:31:50
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quote:
Originally posted by buyingsilvers
arent there only a few hundred ryedales in existence? I'm not surprised.
There might be about 300 or so?
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By hand or Ryedale?
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