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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 07/30/2010 : 11:07:37
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If you could turn your hoarding/sorting into a profitable business, would there be many of you that would quit your 9 to 5 job?
Sometimes I daydream about it :-)
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 07/30/2010 : 11:41:30
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| Yes, if there was enough profit. Unfortunately there isnt :( |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 07/30/2010 : 11:52:55
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I think a day job keeps the coin sorting from going out of hand. For me I find that sorting $2k or more pennies a week puts a lot of wear on the body.
Think of it this way. With a Ryedale and enough money any of us could acquire and sort large volumes of coins, and maybe even have places to dump them.
However, if you are trying to turn them over [for a profit] it requires a lot of extra leg work, so smaller volume per week makes more sense. And this allows you to even think about spreading your hobby into silver and nickels searching.
IMHO, If i could quit my day job I wouldn't, because within my working life-span i feel the coppers will have been pulled from circulation. Which would leave me in a situation that would not be preferable for a 30-50 year old.
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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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Edited by - JobIII on 07/30/2010 11:58:21 |
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rodebaugh
Penny Collector Member
USA
377 Posts |
Posted - 07/30/2010 : 11:53:29
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If I could....I would extract that last tooth, fill that last cavity, whatever......walk 5 feet away and flip a switch that started up 10 sorters and never look back |
http://rodebaugh.ecrater.com/ |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/30/2010 : 12:32:20
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I agree with JobIII. I don't know how he can do $2000 a week, I'm hard pressed to process just enough to return $500 a week in zincs! I think as a group, we would best be served to keep an additional source of income flowing (this economy will get MUCH worse) and just stockpile, the day will come to cash in... but it isn't yet. Maybe when we can easily sell at twice face you can begin to turn a tidy profit, and will be glad you have amassed plenty of boxes ready to sell.  If you want to daydream, fantasize about placing an ad on ebay (a year from now) for $50 face CU... and the bidding is already to $115... and the last minute sniping hasn't even started yet. Membership in this forum entitles you to be considered among the elite who are farsighted enough to realize that great profit will someday ensue for those who are clairvoyant enough to visualize that copper cents will soon disappear from circulation, as did silver, and that when the sheeple awaken to this... the bidding will go wild!  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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twentybux
Penny Pincher Member
174 Posts |
Posted - 07/30/2010 : 13:15:27
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| Can't say to much about my business due to the type of work I am in, however if sorting were profitable enough to sustain my family, I would walk out in a heartbeat from my "day job". |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/30/2010 : 13:31:41
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quote:
Originally posted by twentybux
Can't say to much about my business due to the type of work I am in, however if sorting were profitable enough to sustain my family, I would walk out in a heartbeat from my "day job".
So TB... you say you're a liquidator? How much do you charge for wet work?  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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twentybux
Penny Pincher Member
174 Posts |
Posted - 07/30/2010 : 15:28:11
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| Nah, I work for a gov't entity. The agency I work for does not worry about the economy too much in that "business is always booming". In times like this the "big boys" try to downsize my agency, however they also realize if they do so public safety would be jeopardized. Don't mean to riddle around the question, just can't disclose much of anything. :) |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/30/2010 : 15:50:34
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quote:
Originally posted by twentybux
Nah, I work for a gov't entity. The agency I work for does not worry about the economy too much in that "business is always booming". In times like this the "big boys" try to downsize my agency, however they also realize if they do so public safety would be jeopardized. Don't mean to riddle around the question, just can't disclose much of anything. :)
So what's is like, working for the IRS? |
Come to the new and improved realcent: http://realcent.org
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bman
Penny Collector Member
USA
425 Posts |
Posted - 07/30/2010 : 15:52:25
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| If I could make a living sorting coins I would quit my job in a heartbeat...I HATE my job but it pays the bills. |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/30/2010 : 15:58:53
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| Nope I would not quit my day job. I use sorting for unwinding if I had to sort full time I wouldn't enjoy doing it. |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/30/2010 : 16:03:51
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quote:
Originally posted by bman
If I could make a living sorting coins I would quit my job in a heartbeat...I HATE my job but it pays the bills.
I can appreciate your avatar.
Miller Lite is my second best everyday drinkin beer.
But we go through a lot of old bay around here. runnin out of Old-Bay is as bad a runnin out of coffee.
Just to stay on topic: If you had to depend on it for your survival. sorting would get real old real quick.
Like the difference between leisure fishing and commercial fishing.
Or leisure beer drinking and professional beer drinking. |
Come to the new and improved realcent: http://realcent.org
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 07/30/2010 : 16:59:24
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If it paid the bills and was more profitable than working, I would quit in a second. Sorting can be done on my schedule. If you have enough Ryedales you can make the work load easier and be done faster. If your needs are to sort $5000 pennies a week this could be done in about 8 hours with 4 Ryedales.
But at 20% copper and selling for 1.4X face you are only making $400 profit a week ( if you can sell them all ) Then you have to include your pick-up and dump expenses.
If you could turn them over quickly at 2X face and had no limit on the amount you can pick-up and dump, then you should be able to support yourself just sorting. |
You don't have to be the BEST you just have to be.......SLICK
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 07/30/2010 : 17:00:06
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| I would not quit my day job. It's one thing I'm pretty passionate about. And hopefully you can figure out what I do by my screen name... |
Come to the new and improved realcent: http://realcent.org
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bman
Penny Collector Member
USA
425 Posts |
Posted - 07/30/2010 : 17:04:12
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quote:
Or leisure beer drinking and professional beer drinking.
Where do I apply for that job? |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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Numis Pam
Penny Sorter Member
USA
63 Posts |
Posted - 07/30/2010 : 17:06:10
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| If it got to the point where I could double my money everytime I sorted I believe I would be tempted quit working and just sort more. Or at least sort half time and work half time. Actually my hubby and I are self employed so I definately could not just quit completely. Even working for myself I still dont get to sort all that I would like to. Given the chance I could sort a whole lot more! The real problem though is finding a safe, fireproof way to store it!! |
http://www.extrabux.com/r/4c6f54ba32 1% -27% cash back on purchases. Plus Refer Friends and Get $5 to Spend at Ebay or any of hundreds of participating online stores. |
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battlecat
Penny Pincher Member
152 Posts |
Posted - 07/30/2010 : 17:21:42
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| Hmm, well I would walk away from my job that pays the bills for right now, But not from the job that im trying to get to pay the bills (photography) |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/30/2010 : 20:50:15
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| Not me, my profession which helps people means more to me than money alone could ever provide. |
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Think positive. |
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Bart
Penny Pincher Member
Canada
120 Posts |
Posted - 07/30/2010 : 21:34:32
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If I lived closer to the Canada US border & could take advantage of the bargain postal shipping rates I would quit my day job years ago!
Happy hunting all!!
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Nice. Yes. Very nice. |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/30/2010 : 21:52:27
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quote:
Originally posted by bman
quote:
Or leisure beer drinking and professional beer drinking.
Where do I apply for that job?
Professional beer drinking is a tax shelter, as I've explained before.
You start an aluminum recycling outfit.
You buy 30 cans at a time. Of course they are full of beer and have to be emptied, and are usually sold at a loss.
You can write those losses off against the copper sorting profits.
Of course there are travel expenses to places where cans need to be emptied.
You also may need help procuring and emptying the cans. labor.
Consider the possibilities. |
Come to the new and improved realcent: http://realcent.org
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Edited by - thogey on 07/30/2010 21:55:04 |
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twentybux
Penny Pincher Member
174 Posts |
Posted - 07/30/2010 : 22:17:27
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thogey
1000+ Penny Miser Member
USA
1446 Posts
Posted - 07/30/2010 : 15:50:34
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quote:
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Originally posted by twentybux
Nah, I work for a gov't entity. The agency I work for does not worry about the economy too much in that "business is always booming". In times like this the "big boys" try to downsize my agency, however they also realize if they do so public safety would be jeopardized. Don't mean to riddle around the question, just can't disclose much of anything. :)
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So what's is like, working for the IRS?
Good guess, but not close. If I were an IRS agent I think I would have quit many years ago. No, as I posted earlier, think more public safety. I think of those guys as more of a nuisance. Ha! |
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twentybux
Penny Pincher Member
174 Posts |
Posted - 07/30/2010 : 22:20:14
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| Man, after posting that last note, I see I really boogered up that reply. How in the world do you reply to a post (ie. thogey reponding to bman? Trying to make this darn technology work for me. Thanks! Twenty |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/30/2010 : 22:29:25
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quote:
Originally posted by twentybux
Man, after posting that last note, I see I really boogered up that reply. How in the world do you reply to a post (ie. thogey reponding to bman? Trying to make this darn technology work for me. Thanks! Twenty
Use the last icon on top of the post. What? They don't teach that to undercover cops? And snitches go for $20 nowadays? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 07/30/2010 22:30:34 |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/30/2010 : 22:39:45
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quote:
Originally posted by twentybux
Nah, I work for a gov't entity. The agency I work for does not worry about the economy too much in that "business is always booming". In times like this the "big boys" try to downsize my agency, however they also realize if they do so public safety would be jeopardized. Don't mean to riddle around the question, just can't disclose much of anything. :)
Traffic Cop? |
Come to the new and improved realcent: http://realcent.org
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 07/30/2010 : 23:24:46
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quote:
Originally posted by uthminsta
I would not quit my day job. It's one thing I'm pretty passionate about. And hopefully you can figure out what I do by my screen name...
I think since, "thin mints, and USA" can be spelled within your alias my best guess is you are affiliated with the Girl Scouts of America and you sell or distribute girl scout cookies.
And if I had your job I too would be both passionate and have no desire to leave the business! 
Was I close?
just kidding. |
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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Would you quit your day job for sorting?
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