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 Copper Penny Bullion Investing
 A dud box of pennies?
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jorhyne
Penny Pincher Member


174 Posts

Posted - 12/17/2007 :  17:48:40  Show Profile Send jorhyne a Private Message
Got a $25 box the other day from the bank, still mint or brinks or whatever sealed. Anyway just got around to sorting through it today and I'm 3/4 through it and I've maybe found five pre 1982 cents. I've found probably 15-20 1982's but I have a sneaking suspicion that they aren't copper (didn't they make some zinc ones in '82?).

Are there any big time sorters in the Central Ohio area? Just curious because thats where I am and perhaps I got your resorted dumps.

This is my second box I have tried sorting, the first box was right at 30% coppers.

Another difference between this box and the first one was that the first had a combination paper and plastic rolls, while this one is 100% plastic. Has this ever happened to any of you guys before or is it a pretty rare occurrence?

Pennies For Sale: http://tiny.cc/jorhynespennies

NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 12/17/2007 :  17:51:24  Show Profile Send NotABigDeal a Private Message
It happens. Don't be discouraged.

Deal

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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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 12/17/2007 :  20:45:56  Show Profile Send HoardCopperByTheTon a Private Message
Fortunately it doesn't happen very often.. but it does happen occasionally. I know of at least one fairly serious sorter in the Ohio area.. he is a member here. Is Ohio where that Jackson Metals company is located? They are an industrial level sorter.

One way to minimize the time you spend on dud rolls or a dud box is to sort them by the roll with a digital scale. Just put the roll on the scale. If it is not over 126 grams it is all zinc and you don't need to waste your time sorting it. This way you don't invest a lot of time in the dud box and it won't be as discouraging. Go get a few more boxes. With lots of folks turning in rolls of coins to pay for Xmas there should be some good stuff out there.

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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fiatboy
Administrator



912 Posts

Posted - 12/17/2007 :  23:08:23  Show Profile Send fiatboy a Private Message
I live Columbus, and I've encountered the same thing on more than one occasion. I don't think I'm serious enough to adversely affect your coin hunting, though. (Or maybe I am? haha.) I do know of at least three VERY serious coin hunters in central Ohio. I've met two in person, and although one mainly hunts for silver, I wouldn't be surprised if he also hunts copper. We're talking guys that go through a thousand dollars a day, easy. A lot of scrappers around central Ohio, as well.

And if you're anywhere in Columbus, I do hope you've discovered CS Bank! Open 7 days a week, open late too, and they have free coin counters in the lobby. They have a few branches around town, the newest one has the best fastest, most accurate coin counter I've ever used. There's an offchance they may hassle you about opening an account. If you do, there's no minimum balance. All of the large National City's have free lobby coin counters as well. Their coin counters aren't as nice as CS Bank's, but you don't need an account, and you can find them anywhere from Hilliard to Westerville to High Street to basically everywhere.

Don't give up, though. I've had quite a few boxes of mostly Zincolns, but I've also made up for it by getting some really incredible boxes, as well. Despire all the active hoarders around here, I still average about 25% copper. Good luck on your next search!!

"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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