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PennyProspector
Penny Pincher Member
USA
212 Posts |
 Posted - 02/23/2008 : 21:22:04
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Can one of you that weigh out your boxes please tell me the exact weight of a $50 bag of copper pennies?
I only sort out of $50 bags and then count them back into $50 bags & am trying to get a total poundage/tonage total.
how many pennies to a pound?
or
How many pounds to a $50 bag Etc.
My scale is very small and is for gold and gem stones and I have to do alot of scaling up to get a total in pounds and not grams.... So I figure with this vast storehouse of knowledge why do the work myself when I know one of you must know the answer off the top of your head.
thanks
Penny Prospector
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Happy Prospecting! |
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misteroman
Administrator
USA
2565 Posts |
 Posted - 02/23/2008 : 21:36:16
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best figure I've gathered is 147 per lb.
It comes out to 4998.Give or take wear and stuff like that as well |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 02/23/2008 : 21:52:31
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3.1 grams per Cu Penny....5000 count per $50 bag....5000 x 3.1 = 15,500g = 15.5 kg.....454g/lb.....15,500 / 454 = 34.14 lbs per $50 copper bag.
34.14 lbs per $50 if all copper.
As a side note...copper penny is bullion....1 penny = 1/10 troy oz....10 pennies = 1 troy oz!!!!! |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 02/23/2008 : 23:09:35
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And just to clear things up a scrap yard who would buy the pennies would use regular pounds, not troy pounds and as bullion you would use troy ounces and troy pounds as stated above. I can see 'troy pounds' being a standard for the future of penny bullion.
'Buy pre-82 pennies at 4 times face and selling pennies at 5.2 face' A phrase coming soon to a coin show near you. |
Robber Baron= Robarons |
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misteroman
Administrator
USA
2565 Posts |
Posted - 02/24/2008 : 00:17:13
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^^^ boy if that is true, there are going to be some very Rich people on here.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/24/2008 : 00:29:23
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Just weighed my first box of paper hand rolled copper cents. $25 in copper cents with box = 17 lbs, 3 oz give or take an ounce.
Wow, MY FIRsT BRICK!!! (others are loose, or bagged in $15 bags)
You're right, if Copper goes up to $10 per pound, or if pennies are melted to the point of rarity, THis Forum's hoarders are going to be..... mY BEST FRIENDS!!! [I hope! ;-) ] |
"May your percentages ever increase!" |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/24/2008 : 01:50:28
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| Assuming they are all US copper cents (Canadian coppers come in a variety of weights) it is between 147 and 152 per pound depending on wear.. so I just use 150 per pound. 3 rolls equals 1 pound. 300,000 = 1 ton. |
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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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 02/24/2008 : 09:46:17
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| Can someone tell me how much a bag of zinc cents weighs and how many rolls would a pound make (taking into account wear)? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/24/2008 : 20:09:06
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| According to the Chicago Fed Letter (Febuary 2007) 154 copper pennies = one pound. |
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How many copper pennies to a pound?
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