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 Copper Penny Bullion Investing
 Need help on penny premiums and where to sell?
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drpineapple
New Member


22 Posts

Posted - 06/21/2010 :  12:08:48  Show Profile Send drpineapple a Private Message
Can anyone tell me how to go about selling my different copper pennies, I have 30 lbs.? Like where is the best place and going rates? Is there a premium to red AU copper pennies, early wheats, 68s-74s, etc.? Also does anyone buy copper Canadians and where is a good place to sell older numismatic Canadian cents?

misteroman
Administrator



USA
2565 Posts

Posted - 06/21/2010 :  13:11:33  Show Profile Send misteroman a Private Message
the best overall place to sell now is ebay. they kill you a little with the fees but on average you'll make a little more. if you are a smaller sorter it's worth it to pull the above out and sell by themselves

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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EZ_Money
Penny Pincher Member



USA
125 Posts

Posted - 06/21/2010 :  15:16:02  Show Profile Send EZ_Money a Private Message
you can always list them in the sell forum here as well...

Running total:
Halves searched:$14,445.50
90% found: 122
40% found: 481

Dimes Searched $2100
Found: 5
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Roadrunner
Penny Collector Member



USA
413 Posts

Posted - 06/21/2010 :  15:37:04  Show Profile Send Roadrunner a Private Message
eBay can be good, but the fees kill almost all profits.
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battlecat
Penny Pincher Member



152 Posts

Posted - 06/21/2010 :  15:43:32  Show Profile Send battlecat a Private Message
I believe here would be best, unless you can find someone locally to purchase from you.
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EnDThEFeD
Penny Sorter Member



33 Posts

Posted - 06/21/2010 :  16:01:15  Show Profile Send EnDThEFeD a Private Message
It's been awhile since I last sold something on ebay. Yesterday I posted a few coin auctions and saw what ebay now charges for Final value fee!!! I almost fell off my chair - 9%! Add that percentage fee along with what paypal charges and your paying almost 13%...

Drpineapple - I would def try to sell through this site, or try doing google searches to find copper cent buyers, and then if you still cant find a buyer then try ebay, but just be aware of that they ROB you !

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
-- Thomas Jefferson
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JobIII
1000+ Penny Miser Member



USA
1507 Posts

Posted - 06/21/2010 :  16:14:16  Show Profile Send JobIII a Private Message
Ebay if you can sell them the profit is still higher than here. however people are asking for copper here so the demand is here. Some locations on Craigslist are also buying coppers.

Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.



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jadedragon
Administrator



Canada
3788 Posts

Posted - 06/21/2010 :  17:32:49  Show Profile Send jadedragon a Private Message
You'll find that 69 lb lots work well since they fit in a flat rate box.

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog
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Spikeanator6982
Penny Sorter Member



USA
99 Posts

Posted - 07/04/2010 :  15:08:12  Show Profile Send Spikeanator6982 a Private Message
I'm curious as to what prices you guys are buying or selling for? what's a good price to buy at the moment? I just picked some up off ebay for a bit less then 1.41x including shipping. I was hoping for more like 1.3x but figured what the heck, and actually didnt think I would win as a few previous auctions was going to 1.5x+.

Edited by - Spikeanator6982 on 07/04/2010 20:43:29
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Copper Catcher
Administrator



USA
2092 Posts

Posted - 07/04/2010 :  16:08:15  Show Profile Send Copper Catcher a Private Message
You need to sell the wheats by themselves...they will bring more than just regular copper.
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wolvesdad
1000+ Penny Miser Member



USA
2164 Posts

Posted - 07/04/2010 :  16:47:03  Show Profile Send wolvesdad a Private Message
spike's comment illustrates another side of ebay, especially on copper.

It is sometimes hit or miss. One time you'll sell at 1.5 X or better,

and another time it may go for as little as 1.3 X

"May your percentages ever increase!"
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/04/2010 :  17:29:55  Show Profile Send beauanderos a Private Message
it all depends on how saturated the listings are with bulk penny offerings. Offer the older Canadians here. BTW... how many of our Canadian sorters maintain a Canadian penny collection?

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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jadedragon
Administrator



Canada
3788 Posts

Posted - 07/05/2010 :  02:12:44  Show Profile Send jadedragon a Private Message
<=== Has a few Canadian pennies in his collection.

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog
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frugalcanuck
Penny Pincher Member



Canada
103 Posts

Posted - 07/21/2010 :  19:25:54  Show Profile Send frugalcanuck a Private Message
I just started maintaining a penney collection. It is however just from what I have sorted

One box of Nickels

11.65% .999 Ni
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