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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 02/24/2008 : 19:19:03
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Gentlemen, a new player has entered the game. If the changes were the result of the public becoming more aware or the number of serious hoarders entering the market tripling or quadroupling we would have seen a gradual decline in sorting percentages. The rate the percentages have slipped over the past year or so for regular boxes is just about the decline you would expect from the dilution of the penny supply caused by the new pennies entering the coinage stream without much change due to hoarding efforts. But suddenly several of us are getting several complete dud boxes. Somebody is hitting the penny supply pretty hard. It has to be sorting on an industrieal level. Whether it is Brinks, somebody contracting with Brinks, or the mint doing a secret alloy recovery program it is going to affect all of us.
So if this is becoming more commonplace.. as it seems to, here is the plan.
1. Capture as many raw pennies as you can as soon as you can. The sooner you can get raw boxes of pennies the better the odds are that they will not have been cleaned. Even if you don't have time to sort them now it is probably a good idea to acquire them and build your stockpile much as Ardent Listener is doing.
2. Bulk sorting.. If you can find the time, do a primary sort and dump the zinc to free up your capital to capture more raw boxes. Preferably dump it at the bank you have been getting duds from. There are good odds that whoever is doing the industrial level sorting may be getting their street coins back through the same supplier with whom they are dumping their zinc. Send some zinc back to them.. dilute their supply and increase their cost of production. Most of us have a limited amount of hoard capital.. so we can only afford to stack up so many boxes. By cycling your capital to the extent you can, you are able to have that pile of pennies be a lot more copper and a lot less zinc. c140cessna is a master at this.
3. Do the refining or date sorting of your copper hoard later.. when all the good pennies are gone. You can always do the sorting of your copper hoard by date, grade, mintmark etc later. Your efforts right now are better spent just doing the primary sort to free up the copper to add to your hoard and convert that zinc back into more raw boxes. Once you capture the copper it is yours to do with what you want at your leisure sometime in the future. As some on this board have said it is time to get all you can while you can.
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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 02/24/2008 19:40:26 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/24/2008 : 19:50:24
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| Just a point to remember. These raw boxes, that are unsorted are also a commodity. They will be worth more than the $25 face value that you are paying today. Mine have dates on them when Brinks shipped them to my credit union. You can also weigh them and may be able to tell if they are duds without breaking the seal. A year from now, when the copper percentages may be less than 5%, what would you pay to get your hands on a box that came from a period where the percentages were in the 20% range? |
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c140cessna
Penny Collector Member
USA
419 Posts |
 Posted - 02/24/2008 : 19:50:47
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quote:
Originally posted by mickeyman
....There still is no sign that they are after nickels--strange, as those seem to have the best economic payoff. Maybe there are lobbyists who are hoarders, and they have convinced the Mint to go after the lousy coins first.
I have a different opinion....the quarter is the best deal for the mint to hunt...here is why....they do not "pay" for the hoarded coin like you and me....we can't make a "profit" from the quarter as it "costs" us $0.25 and currently has about $0.125 in metal....we would lose on this at 0.5X Face Value ....while the 5 cent is worth 2.5X Face ...we can "profit" on the nickel....
When you are the Mint....you pay for nothing other than the REPLACEMENT coin...the replacement being a chunk of coated steel ....and I bet they are about equal in cost for either quarter of nickel....thus, the best strategy for .999Ni is to go for the more massive quarter first...then the nickel....then the dime....
Hope I made my point....I've thought about this for a while...I was hoarding Canadian .999 Ni 5 cents...back when they were 25% in population.....now they are under 5% around S.W. Ontario....happened in under 1 year. |
Edited by - c140cessna on 02/24/2008 19:55:32 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/24/2008 : 20:08:52
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quote:
Originally posted by HoardCopperByTheTon
.....By cycling your capital to the extent you can, you are able to have that pile of pennies be a lot more copper and a lot less zinc. C140cessna is a master at this.
Thank you HCBTT! You are one of the central figures in this "Copper Brotherhood" that inspired me to seriously get going on hoarding...I remember a year ago...reading your hoard totals and being just floored at someone with TONS of copper pennies....
Geez....feels like it's time for a group hug....
I will agree - I do make a point to churn and burn the working funds...when I first started out - I would at times Bank collect raw, sort that night, wrap the zinc and trade the following day to get more raw....a lot of guys do this when hunting silver halves due to the crazy high cost of half boxes...
I love your idea of fighting the "Man" by sending zinc back through the dud banks!!! Suck My Zinc!....Zink-off....Go Zinc Yourself! |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 02/24/2008 : 20:36:45
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Hello fellow hoarders. I've been lurking the site for the past couple weeks. Figured it's time to jump in, (the water LOOKS to be warm).
If there is indeed some party(s) out there hoarding on a massive scale, it may be worthwhile to start considering alternate sources for cents. I've been turning the numbers over in my head, and it seems to me that buying cents directly from individuals by the pound would make sense. By offering say $1.65/lb, a minor discount from face at 80/20 Zn/Cu, you'd be able to say that your giving a better deal than Coinstar, but still making a slight face profit. Originally, my thought was to offer $.75/lb, but that might give people the impression your ripping them off. Maybe $1.50/lb?
I'm thinking of giving this a try at work, 150 employees + word of mouth.
Hoardcode M40:USDE<1:USCu1:2800 (Hey, I just started, hope I got the code right) |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 02/24/2008 : 20:54:42
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What would be interesting is that one of hoarders that is hoarding on a massive scale is among us here, maybe watching and taking notes.
The armoured car companies maybe using a our map to find where we are, our percents, and are plotting against us.
Or maybe the copper poisoning from sorting is affecting my head. |
Robber Baron= Robarons |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/24/2008 : 21:25:06
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quote: Orignally posted by Robarons
What would be interesting is that one of hoarders that is hoarding on a massive scale is among us here, maybe watching and taking notes.
I think it's you Robarons. |
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Art Tatum
Penny Collector Member
USA
400 Posts |
Posted - 02/25/2008 : 01:19:46
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| nahhhh,Bill does 60 boxes a week(retired) and never reads or posts on here! |
my machine is running! |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/25/2008 : 01:37:54
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quote:
Originally posted by c140cessna
One another note - I have a bank that I dump at into their lobby machine....when it prints my reciept...it clearly states two types of pennies: "New" and "Old"...the total of the two are correct...in fact I tested it by putting in 100 coppers (I nearly cried....). That is strange that they would track the two....
Was it Wells Fargo? I'd like to look inside that machine. Most of those lobby machines dump into boxes that don't need bags to be changed all day. I'd bet that there is a box for each kind of penny, the number on your slip is a verification that all the pennies in the box are accounted for. Pick em up, roll'em up, rebox and presto! Dud box. |
Trust the government? Ask an Indian. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/25/2008 : 07:37:37
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quote:
Originally posted by Tourney64
There are more people out the sorting. I've encountered at least 2 different people in my credit union now. Hadn't gotten a bad roll of CRW coins in 3 years. I now know at least 2 people that are ddepositing reject zincs there. I have their names and have talked to one of them and steered him away from depositing in my credit union to one of Horgad's.
LOL! I guess that is OK since I don't buy at the credit unions. I just hope I don't walk into the CU trying to unload a massive batch of zincs and get stuck behind somebody trying to do the same.  |
Edited by - horgad on 02/25/2008 07:55:34 |
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n/a
deleted
43 Posts |
Posted - 02/25/2008 : 13:32:21
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This is a pretty scary thread.
I've only been sorting by hand for three months. I hate to think I got in the game just as it is ending.
I still find it hard to believe that an industrial operation is behind this, the Mint sounds more believable.
Although wasn't there a guy on here who sorted an insane amount of those Canadian nickels and didn't he say that he was going on to a new project but wouldn't talk about it... just a thought? |
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Art Tatum
Penny Collector Member
USA
400 Posts |
Posted - 02/25/2008 : 13:45:46
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| you need a Ryedale sorter or you are toast! |
my machine is running! |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/25/2008 : 13:52:33
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Hmmm.... Alll interesting info.... And it all started with just 3 boxes. I guess time will tell. I'm going to try and get a few more boxes set aside though before the famine hits! And I already set aside two boxes that had good weight(unopened) with my son's names on them.... SOmething fun they can sort or sell themselves when they are older!
Which, the idea of unopened good weight boxes selling at a premium is a fascinating idea....but will it be more than the copper value? Ie worth it for 'machined' hoarders to relinguish any of their loot? |
"May your percentages ever increase!" |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/26/2008 : 02:38:44
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Maybe Brinks isn't sorting out the copper. I got a box today that wasn't exactly a dud. The box probably averaged 2-3% copper. I just opened the heavier rolls and go 2-6 coppers per roll (of 14 rolls).
Pretty evenly distributed...no 10 count copper roll. None more than 6 per roll and seemed like all the light rolls had at least one copper (only 2 or 3 rolls may have been all zinc)
Just something more to add to the mistery and oncoming famine. |
"May your percentages ever increase!" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/26/2008 : 11:49:57
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quote:
Originally posted by wolvesdad
Maybe Brinks isn't sorting out the copper. I got a box today that wasn't exactly a dud. The box probably averaged 2-3% copper. I just opened the heavier rolls and go 2-6 coppers per roll (of 14 rolls).
Pretty evenly distributed...no 10 count copper roll. None more than 6 per roll and seemed like all the light rolls had at least one copper (only 2 or 3 rolls may have been all zinc)
Just something more to add to the mistery and oncoming famine.
Yes, it mught just be bad luck or perhaps if they are sorting their machine is not as good at sorting as a Ryedale. |
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Think positive. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/26/2008 : 11:59:57
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quote:
Originally posted by wolvesdad
Maybe Brinks isn't sorting out the copper. I got a box today that wasn't exactly a dud. The box probably averaged 2-3% copper. I just opened the heavier rolls and go 2-6 coppers per roll (of 14 rolls).
Pretty evenly distributed...no 10 count copper roll. None more than 6 per roll and seemed like all the light rolls had at least one copper (only 2 or 3 rolls may have been all zinc)
Just something more to add to the mistery and oncoming famine.
Were they '30s and earlier? |
Trust the government? Ask an Indian. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/26/2008 : 19:05:24
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Guys,
I posted this in another thread....but, the reason the ScanCoin machine is tracking and prints on the receipt "New" and "Old" penny and keeps score of each, is because the machine tracks total coin weight in the catch box....it limits it to 300 lbs per bin. By the way...the bin is a complete hodge-podge of mixed coins...no individual bibs per coin type... |
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misteroman
Administrator
USA
2565 Posts |
Posted - 02/26/2008 : 19:36:42
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^^^ well at least that is a little better news.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/26/2008 : 20:13:43
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| I picked up 10 Brinks boxes today from my new bank (opposite side of town from where I usually buy). They are all dated Feb 20th. By weight they range from 28% to 32% copper. So not a single dud. I have 16 boxes to pick up on Friday and 10 on Saturday. I will keep you posted. |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 02/26/2008 : 20:32:07
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If someone can clear this up for me, it would be nice. I believe brinks boxes are white with the brinks logo on it.
Are the red boxes with N.F String and sons, Inc. from Harrisburg, PA from brinks or some other sorting company. These are the only kind of boxes here at any bank here. |
Robber Baron= Robarons |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/26/2008 : 20:43:02
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quote:
Originally posted by Robarons
If someone can clear this up for me, it would be nice. I believe brinks boxes are white with the brinks logo on it.
Are the red boxes with N.F String and sons, Inc. from Harrisburg, PA from brinks or some other sorting company. These are the only kind of boxes here at any bank here.
Here in S.E. Michigan...the Brinks boxes are tan in color and the rolls are the plastic condom type....the N.F. String boses have paper rolls. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/26/2008 : 20:51:19
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We need to start putting "tracers" in our zinc dumps....we should all agree on a color...like red or something....and start spray painting some zincs. Everytime we dump, we need to mix in some tracers....that way when we get dud boxes, we can check for tracers to see if we are just picking up runs for hoarder zincs being reissued...
What do you think? Any other/better ideas...
Would only need a dozen per bag or so...pretty easy if we all agreed to do it. |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 02/26/2008 : 20:58:57
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| I would think any color would work if it were notice-able like red like you said would work,but some other colors may include black, blue, or orange,(for black and blue if you want it to be less notice-able), but would they get taken out if seen? I have seen some in change {red} 4 or 5, but it's been a while. |
*HUCKABEE*
___08'____
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 02/26/2008 : 21:03:35
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quote:
Originally posted by c140cessna
quote:
Originally posted by Robarons
If someone can clear this up for me, it would be nice. I believe brinks boxes are white with the brinks logo on it.
Are the red boxes with N.F String and sons, Inc. from Harrisburg, PA from brinks or some other sorting company. These are the only kind of boxes here at any bank here.
Here in S.E. Michigan...the Brinks boxes are tan in color and the rolls are the plastic condom type....the N.F. String boses have paper rolls.
Same here- tan- plastic rolls |
Beer is my currency. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/26/2008 : 21:10:11
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| Horgad. You and me are getting the same %. They are up for me also. Mine are dated 2/21, but that's when Brinks delivered them to my credit union. I ordered them. |
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Brinks is Sorting out the Copper
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