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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 01/26/2008 : 11:14:31
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I've thought about this question. In my case I'd simply offer $10 for any post 81's the buyer thinks he can find in one of my hand-rolled boxes right there and then. Either he wastes his time sorting - thinking that he'll find some, or he'll take my word for it and see that I'm honest in the long run. I don't know what other's ideas may be.
Technically, couldn't they just weigh a box of coppers (minus the cardboard and wrapper weight, and given slight variations due to wear on the pennies) and know that it was o.k? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/26/2008 : 12:27:51
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Great minds think alike because I too was pondering that question recently. My guess is that the scrap yards or metal recovery centers will have machines that are similar to Ryedale's but on a much larger scale. Ryedale, you might want to start working on that industrial model if you aren't already. Like starwargeek said, they just might weigh the post-sorted pennies in a measured container to come up with a close figure. But I'm still learning towards the buyers putting them through a sorting machine because they will most likely be sorting themselves then.
Now that may lead to the question; Why sort at all now if they are going to sort through them any way? The best answer I can come up with is to recycle your zinc cents now into more boxes of unsorted pennies. In addition, you may find a market for your post-sorted copper pennies long before the melting ban is lifted from investors who want to get in on this opportunity but don't want to go through the work and time of buying and sorting pre-sorted pennies. Also members are finding Wheat and even Indian Head pennies in their post-sorted pennies.
But one could buy and hold boxed weighed (weed out the light boxes) pre-sorted pennies now and wait for a market to develope. But remember, as time goes on the pre-sorted boxes will contain less and less copper cents and may become harder and harder to obtain. So I wouldn't wait for the melting ban to be lifted before I at least stated to hoard a stash of pre- sorted pennies. |
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Cashing in
Forum Locked
Posted - 01/26/2008 : 09:57:07
