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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/10/2009 : 09:04:36
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I would have to check to make sure that little green light my Ryedale if I was getting 98% copper sorting.... but congrats Hoard on those box finds!!
Anyway, my two cents or penny thought on this subject.
Well if you were one of the "big guys" i.e. those sorting hundreds of thousands of dollars are not seeing legislation anytime soon to lift the melt ban and you already have tied up lots of money and now sitting on copper what would you do?
A) Keep sitting on the copper
or
B) Cross the boarder to Mexico to a refiner just over the boarder for the quick melt.
So the prices of copper has gone up and down and I would suspect it is a lot like silver hard mining and a some point people just hold back until prices increase.
I think I remember someone figuring and giving an estimate on how long it would take to effectively pull out all the copper in the system. It is not going to happen overnight! Also, I think it is safe to say this board activity is much like our missile defense system. If we are under attack i.e. the copper is leaving, we all will know very quickly!
When we will see copper leaving fast is when the Obama administration finally rolls around to doing away with the penny, which I predict they will before his term expires. I think the Mint will tell the banks that all pennies will be shipped back to the Federal Reserve to be “reclaimed” i.e. to help save the enviroment so another green shoot can grow! Excuse me…..I think I need to go to the bathroom I’m feeling a little sick……
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 07/10/2009 : 12:04:44
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Hoard-
Great score! I saw 4 boxes like that once & they also held quite a few wheats - did you find more of those than usual?
CopprCatcher-
If they do ever recall pennies our ultimate exit strategy will be realized! |
Beer is my currency. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/10/2009 : 15:35:30
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Does anyone know how long it took for the majority of 90% silver coins to vanish from circulation after 1964? Two years, three or more?
Obviously at that point there was little to take it's place so the coins lingered in circulation. It would be hard to say if you did away with the penny how long it might take before they too would vanish and be deemed collectable or melted.
I never heard of Indian Head pennies been melted or the older Large Cent pieces. But they all had to go somewhere! So do you think all were either lost or kept in coin collections? |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
 Posted - 07/11/2009 : 09:02:02
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[quote]Originally posted by HoardCopperByTheTon
Things have come full circle. Now that we all want solid zinc new pennies, we get copper. Last night I sorted 2 Brinks boxes.. figuring I would generate a little zinc to dump for lunch money. Had to check the Ryedale when it looked like everything was coming up on the copper side. It was fine. I love when you can count the zinc by hand. Got 44 zincs out of that box. That's 98.2% copper.
I had the same thing happen to me the other night. My wife obver drew the checking account and I figured I would sort some pennies and make a deposit. I did two bags and they were at least 90% copper. Each bag only held a fistful of zincs. Strangely, only 4 wheats for the two bags. |
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double dot
Penny Sorter Member
USA
55 Posts |
Posted - 07/11/2009 : 22:24:40
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Very interesting thread that I had read before and have thought about off and on. Thank you slickeast for getting it rolling again.
There are lots of great tidbits in each page.
Some things to keep in mind regarding the apparent arbitrary distribution of new coins and the disappearnce of old coins in different areas. I have no proof only theories.
Money and therefore coins could be considered as a disease vector for a pandemic. Although some consider metal to be antiseptic in all cases, post Clinton, the possibility exists for an secretive but formal policy for coins to be returned to the areas from which they were received. This would reduce the speed with which coins could spread disease. This would cause increased granularity in high copper collecting areas relative to non-collecting areas. This type policy may have been already implemented in other areas with repetitive used items subject to travel. Use your imagination - rental cars / reduction of items carry on items and luggage size shrinkage.
The appearance of large amounts of new coins in some areas and not in others may not be only because of growth or decline of population or money in those areas. An anti-smuggling program at the southern borders could be fought with massive dumps of new +/or old zinc pennies in the major southwest cities near the southern borders – Houston, San Antonio, El Paso in Texas alone. This would reduce the copper coins near the border to zero and the coin inflow to border rural areas from the nearby major cities would not increase copper supply.
In Puerto Rico, with the main smuggling in of Santo Domingoans and drugs in via ships, a steady supply of copper going out could be fought with massive replacement of copper pennies with old and new zinc coins. The new 2009 Lincolns are readily available in San Juan but not the 2008 new coins showing up in 2009 elsewhere. This might be a visible technique to discourage smuggling. I would assume the labor of coin sorting would probably take place in Mexico and Dominican republic due to cheap labor.
A policy could also exist to retire a certain amount of copper pennies each year upon the introduction of a larger quantity of zinc pennies. This policy would be implemented at different times of the year in different cities/regions. This in theory would reduce the grungier old coins although the grungiest are not copper but zinc. |
Crouching Teller, Hiding Copper |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 07/13/2009 : 19:20:03
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| I'm starting to see very high copper percentages here in Indy. Been getting nothing but 100% copper in my change. Just turned in the last week. Someone is dumping who had a lot of copper. I'm thinking it might be Brinks, unless it's some of our group. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/19/2009 : 18:19:52
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Wow, I hope it's not happening in Ft Wayne also....if so, I'm missing the fun!!
Good luck with that Tourney, I hope the copper fairy keeps the stream flowing!!! |
"May your percentages ever increase!" |
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sheba
Penny Pincher Member
USA
191 Posts |
Posted - 07/19/2009 : 20:24:13
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Congrats to those who have had or are having high yield copper finds! Awesome! Hope it keeps up for you all who are finding that condition of things in the 'great penny hunt'.
We are getting a pretty steady 20 - 25% copper per roll (we only hand sort, so numbers are quite small) with a very few 'wheaties' ... we do get some copper Memorial cents that appear to be UNC ... Those are saved aside, but not sure if there is much interest in them from a numismatic standpoint.
sheba |
woof ... wag ... whine |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 07/21/2009 : 00:31:31
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out of three brinks boxes i have gotten about 30 coppers
Most are solid zinc rolls
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Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
Edited by - jtm3 on 08/04/2009 17:00:03 |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 08/04/2009 : 17:18:39
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| Jtm3, where are you located? |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/04/2009 : 20:33:13
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Western Loudoun County Va, Picked up a box today and got around 9% copper 7 Wheats and only 3 Canadians.
Way different than the N.F. boxes I have been getting from a different bank more recently.
But I am out to get another box tommorow. I I'll pick them up at my normal(of late) bank.
There may be a big time sorter in the area. =( |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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Brinks is Sorting out the Copper
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