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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
 Posted - 02/13/2008 : 20:08:00
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I have received 3 boxes now, from two different banks, all three by brinks....stamped #137 I believe that have had all of the copper sorted out. Only about 6 or 7 copper cents in the whole box(the first one I went ahead and sorted)
ANyone else experienced this yet?
Oh, one box dated Jan 30, and the Other was Feb 6
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/13/2008 : 20:27:53
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New zincs, or old?
Paper rolls, or plastic?
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Trust the government? Ask an Indian. |
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fiatboy
Administrator
912 Posts |
 Posted - 02/13/2008 : 20:37:40
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quote:
ANyone else experienced this yet?
Yeah, I have. I've had a few boxes that only had about a dozen coppers. The rest were mixed-date zincs. I assume that I got someone else's rejects, but I wouldn't rule out that armored car companies are sorting copper; they probably aren't, but they might be, and they probably will in the future. Most of my boxes have about 20% to 25% copper, so I'm not too worried. The thought does cross my mind, however. |
"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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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/13/2008 : 21:23:05
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It might be like this:
Banks fill $50 bags that the armored service then picks up. They probably dump these straight into the coin roller. You might have big hoarders around.
I doubt that the armored service is doing it, at least until the melt ban is lifted.
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Trust the government? Ask an Indian. |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 02/13/2008 : 21:37:07
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| The intrinsic value of the cent and nickel have been getting a lot of publicity recently. With the way that the media has been blabbing about the pre-1982 cents, I expect more occasional and serious hoarders to hop aboard the copper train. I was watching one of the TV coin hucksters last night for a laugh since I heard they were going to an internet-only format in early March. Anyway, I heard the guy (Robert?) talking about pennies and he was strongly encouraging all of the viewers to put back all of the cents they find that were minted prior to 1982. I could do without the added competition until I increase my stockpile. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/13/2008 : 21:51:00
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Wolvesdad,
welcome!
Do you mind telling what area of the country you are located?
maybe you are close to one of us and getting our returns???
I agree that you may just be getting the returns from someone, I dont see brinks being willing to invest time and money to hoard something that cant even be sold yet! (you have to be nuts to do that! lol)
however, I have noticed the brinks guy speeding that big truck up when ever he sees me to try to beat me to the pick up banks!!! LOL!
PP |
Happy Prospecting! |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/13/2008 : 22:54:50
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Thanks for the Welcome.
I am outside of Ft. Wayne, IN - near New Haven.
So the Midwest? or mid... I'm not a local, so don't know the exact geographic reference.
NOT new pennies... mixed date, clearly sorted (at 8-12 per box, that beats a 95% accuracy!!)
Brinks plastic wrappers!
The first 'picked clean' box I got with another box dated the day after, but with a different refernce number #45 I think. It had a 20% or better mix of copper!! SO maybe they are installing Rydale machines, just don't have them all up and running yet. No, they wouldn't be sorting to melt, but to sell to 'hoarders' or collectors!
I read an article online about it, some Armored car president was having his university alma mater do a study to make him a sorter for less than $25000 that would last for 5 years or more. |
"May your percentages ever increase!" |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/14/2008 : 07:08:24
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quote:
Originally posted by wolvesdad
Thanks for the Welcome.
I am outside of Ft. Wayne, IN - near New Haven.
I am about 1 hour from you and there are 2 members that I know of within 2 hours It seems hard to believe but it is possible that you ended up with a box rolled out of one of our return bags.
Please keep us posted on future boxs with you being that close to me if it is a trend.... it will soon effect me  |
Happy Prospecting! |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/14/2008 : 07:38:23
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| My boxes are still consistanly at 15 pounds. Strangly so infact as though they were all mixed that way. My scales aren't broken either. The questions are would Brinks be willing to tie-up their capital in copper pennies on a huge scale considering the melt ban? Are they retuning them to the Mint? Is this a sign the melt ban may soon be ended? Brinks may be sorting. If so it only means that now is the time to get your share. If a box feels light put it on the scales before you sort. Mark them and return light boxes to another bank and move on to the next box. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Art Tatum
Penny Collector Member
USA
400 Posts |
Posted - 02/17/2008 : 22:17:04
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Brinks does not extract pennies.
Unless glen is working for them @ .55 cents per hour in a 'sorting room"
which is probably the break room! |
my machine is running! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/17/2008 : 23:49:15
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I got my first 3 of these mixed date dud boxes tonight. After the first 2 rolls through the machine came up with no copper I started checking the roll weights on my scale to see if there were any rolls worth sorting. The scale quickly identified those rolls that had 1 copper each in them. The 3 boxes had 0, 1, and 8 copper cents in them. I am hoping I am just getting a run of someone else's rejects.. or even my own that I keep plowing back into the system. I only get these Brinks boxes from 3 of my source banks. Not absolutely sure which one I got these from, but based on where they were in the stack I think I know which bank I sourced them from. I may have to start putting source codes on my boxes now. Usually I just add them to 1 of the stacks and just peel off a few boxes when I feel like sorting. These boxes were most likely from last Friday's pickup. Guess I will have to break out the bigger scale and start checking box weights like horgad.
How many 15 pounders have you got so far Ardent Listener? Have you got any normal boxes from the same source banks? |
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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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/18/2008 : 01:34:26
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ByTHE TON... question:
Can you tell us what the reference numbers are on those 'dud' boxes? You know, there is the dade and then a number. What is the number on those three dud boxes???
Thanks for providing intel to troops! |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/18/2008 : 07:03:02
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It is kind of odd that we are all hitting this problem around the same time. I got my first dud boxes (not new pennies) 3 weeks ago and I have gotten duds every week since. This week an order of 6 had 4 duds. All the duds have been Brinks boxes full of older zincs. I have seen no paper rolled duds yet.
But I would have to say that Brinks is not sorting them. If they were, I would expect 100% duds not 4 out of 6. The other 2 were actually better than average boxes.
Anyhow I am going to open another account this week to set up another standing order to try and make up for the duds... |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/18/2008 : 09:14:01
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Perhaps all of you are in the same geographic area?
Who was the recycler guy that got the melt ban started - the one with the huge machine and a plan.
Maybe he's sorting and they're his rejects. |
Trust the government? Ask an Indian. |
Edited by - El Dee on 02/18/2008 09:15:39 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/18/2008 : 10:16:52
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| I think it is odd that we are all starting to experience this at the same time too. There are no reference #'s on my Brinks boxes.. they just plain generic. We are not in the same area.. we are very widely spread out. I think that recycler guy was in Ohio, which is where fiatboy is, and I think ArdentListener. Wolvesdad is in Indiana.. I think PennyProspector is around there too. I think horgad is down in Texas, but not sure. I am in Northern California. The other 2 serious sorters in my area haven't reported any duds yet. This is certainly a disturbing trend. It's good that we have this site to share information with each other. We all knew the gravy train would end someday.. just didn't expect it this soon. |
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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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/18/2008 : 14:15:37
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HCBTT - Horgad is in the Indianapolis area as I am too.
El Dee - The large company who is was sorting out copper pennies was in in Southeastern Ohio - Jackson Metals.
What I'm seeing in my last 25 Brinks boxes is a awful lot of 1982 pennies, and also 2007 pennies. The 1982 pennies would tell me that at least I'm impacted by other penny sorters, who are sorting on date only. I agree with Horgad that Brinks is not removing the copper or else there would be very little copper. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/18/2008 : 14:41:28
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There is another possibility. If it is an industrial operation that is removing the copper they might not be fully ramped up yet. The boxes we get could just be a mix of old boxes that were still in the vault and the new fully processed boxes.
If it ends up becoming a solid stream of zinc at some point it will be good to have a few boxes stashed away. At least horgad and I will have pennies to sort for a few weeks after everybody else runs out. |
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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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/18/2008 : 22:17:27
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I've been telling you guys to get with the program....no time to waste on hunting down these coppers!!! I'm getting my tons right now!
Just keep in mind, someone like me - not even a commercial operation...just a serious hobby sorter....is sorting between $700 and $1000/week....I'm dumping between $500 and $700 a week in zinc...that's 20 to 30 boxes of zinc per week that I dump....sometimes at just a few banks....it could easily end up all being processed at the same place and rolled back into Brinks rolls. This problem is only going to get worse as time rolls forward with more hoarders....perhaps commercial??
What if there are big commercial outfits that are hoarding just like us little guys....they may have big money to back them and they may also KNOW that the penny will be changed/eliminated soon...or may not even care and can just wait until it is leagal to melt/process/scrap....
This is exactly what happened in Ontario with the Nickel...in just 6 months it went from an easy 25% to less than 5%...often 0% as nearly every box I found was sorted.
When it changes, it happens fast!
For now, I'm still prospecting the CWR....not touching the Bank Boxes... |
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 02/19/2008 : 01:35:01
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As C140 says, the nickel started to disappear quickly in Canada. I had a number of $30K+ shipments that were all 2007 (i.e., non-nickel).
If the supply is drying up for pre-82 cents in the US, it is the mint doing it. Brinks would never do this unless directed to by the mint. When/if they decide to pull Cu from circulation, it will likely be done by whoever is running the coin terminals (different companies, depends upon region). The pulled coins will go back to the mint -- it will not be a commercial enterprise doing it for profit (at least not on this scale).
I seem to recall seeing a post in the past few weeks about a significant ramp in US production of one-cent coins. Perhaps the ramp is to offset alloy recovery. Who knows...
Ma
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n/a
deleted
34 Posts |
Posted - 02/19/2008 : 05:57:34
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Its sound like an mess big time. I started pulling 59 thru 81 copper last year and was geting around 4 to 5 bucks per box on brinks, or fed boxs from houston texas or cwi 69 banking distract. In last monlth I was flooded with 2008 and 2007 brand new boxs of pennys. I never shorted that much in Jan 2008 or dec 2007 . Reason I was flooded with brand new pennys from serval banks I bought coins from in north houston. I gave up on buying them and started looking at non loomis banks for coins.
This monlth I bought 2 brinks boxes and two fed boxs and shorted them over the weekend. On Bricks boxs all I got was 3 dollars worth copper 59 thru 81 per box and 1 roll of 1982 pennys. On fedboxs I got was like 3.50 to 4 bucks per box and 1 roll of 1982 pennys. It looks I will need go thru 200 bucks worth just to get 25 dollars face on 59 thru 81 copper. It cost 400 bucks to get 50 dollars face on them at that rate I geting them.
Its seems copper cents are leaving in south texas. I think I went over 45 boxes to get 178.50 face on copper pennys since May of 2007 to feb of 2008. I lost track on how many I shorted by hand. Its geting less and less per box I learned after going thru 4 boxs this weekend. Fed dated boxs was on Jan 12 or 22 of 2008 on those boxes.
At the rate I geting copper coins I may need stop but I cant since I need to finish 5 sets on 75 thru 2007 folders with two sets of 41 thru 74 folders to finish building 15 sets of pennys. The time and fuel cost on buying penny boxs is hurting me is why. Its geting tough for me to try hoard all copper cents and build sets, build au/bu rolls of clean zinc pennys to install in sets or build another roll set. I build sets for resale on ebay is reason why I hoard copper pennys.
I dont what do since I am trying build sets and gather up au/bu rolls of unc 59 thru 81 coins to build sets for resale. I guess the pre 81 copper pennys are leaving real fast from bank boxs. All I say its looks like I need to work harder on buying boxs and going thru them before all pre 1981 coppers are gone like your talking about. In last monlth I been spending all my time on Half dollar boxs and nickel boxs since I was flooded with 2007 and 2008 pennys. Since I could not deal with pennys . I went thru 12 boxs of halfs and 20 boxs on nickels instead of doing pennys.
Those copper pennys are going fast it seems and my boxs are less compared to last year. I hope they dont look like dime or quarter bank boxs with nothing in them but clad coins and no silver. Those are bad big time. 3 silver dimes found after going thru 5 boxs last year. 3 boxs of quarters I never found one silver quarter. Looks likes the pennys will be picked clean fast like dimes or quarters are today. Maybe next year no copper anywhere but all zincs.
Chevrolet454ss |
I love those fed boxes and hoard up pre 64 silver coins such as rolls of 64 half dollers. Maybe copper will be very expensive such as silver is. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/19/2008 : 08:16:03
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| Things are still 25-30% in New England, but I am buying as many boxes as possible to prepare for the inevitable. |
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fiatboy
Administrator
912 Posts |
Posted - 02/19/2008 : 19:35:49
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| I got a big fat 38% box today, but I also got a box that only had 18 coppers total. Weird. |
"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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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/20/2008 : 16:13:22
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I did some 'fishing' today. Opened a new bank account. Visited some branches that I have accoutns with already... No massive bank, but I did get 6 boxes and one bag of bank sorted cents...weighs 29.3 lbs. The boxes are all very close to 15 lbs. Two are clearly an ounce or two over 15 lbs. One is 3 oz or more UNDER 15 lbs and the rest in the middle.
The new bank account gives me CUSTOMER WRAPPED ROLLS!!!!
Only got 20 rolls, opened only 7 but already found 3 or 4 wheats ONE Red AU 1950 D!! AND my FIRST INDIAN ever from copper sorting!!! BUT it is U. G. L. Y. apparently someone's find....had been in the ground for years...very pitted, can't make out date!
Again...all boxes were brinks, dated Feb 1st and after, AND NONE DUDS! |
"May your percentages ever increase!" |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/20/2008 : 18:24:58
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| That is great news wolvesdad. I was starting to get worried. I will be getting some more Brinks boxes on Friday.. will let you know how they turn out. |
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 02/20/2008 18:25:19 |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/20/2008 : 20:46:24
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Wolvesdad
Congratulations on the Indian head!!!! (and the new bank)
Hey its 100+ years old who cares the condition... its like hiting the penny sorter lottery!
PP |
Happy Prospecting! |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/21/2008 : 09:12:28
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I was at one of my banks today to cash a check and I noticed that the Brinks truck was making a delivery of coinage there. In fact, I held the doors open for them. They brought it into the vault and at the same time I asked for a box of pennies. I had been wondering if maybe I have just been getting old Brinks stock lately. It took a while for the teller to come back with my box. When she did she apologized for it having taken so long and gave the reason it was because they had to inventory the delivery before they could let me have my box. When I got home I weighed it and yes, it was at 15+ pounds again.
BTW, if you want, add your general location to your signature so we can all better track light Brinks boxes. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Brinks is Sorting out the Copper
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