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topeka
Penny Pincher Member
160 Posts |
 Posted - 04/30/2008 : 16:57:53
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Poll Question:
I think it is only a matter of time before the media starts describing penny/nickel hoarders as toothless hoosiers (no offence to those from the great state of Indiana).
Poll Question:
I believe the average penny hoarder on this site is ____
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Silver..poor mans gold
Copper..peasant silver |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 04/30/2008 : 17:08:09
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| Ya doesn't has suppergeenious in tha pole. So, I isn't gonna vot. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 04/30/2008 : 19:27:47
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| well i don't think stupid people are going to care about sorting pennies so i put above average intelligence. |
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Centsearcher
Penny Pincher Member
USA
107 Posts |
Posted - 05/01/2008 : 14:01:44
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| people who realize that we need "real" money in the US are hard to find now-a-days, so I voted above average. |
--Misplaced Numismatist--
Democracy: The only system where any two idiots can out-vote a genius
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 05/18/2008 : 17:21:41
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| I doubt the folks here could be called sheeple or lemmings. We can see the edge of the cliff and reallt don't want to run off it. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 05/18/2008 : 23:56:59
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quote:
Originally posted by texcattlerancher
Ya doesn't has suppergeenious in tha pole. So, I isn't gonna vot.
I voted borderline genius.
You know most people with insanely high IQ's seem weird to the rest of us? Well we (penny hoarders) seem weird to everyone else, so we must be supergeniuses! |
"99% of all lawyers give the rest of them a bad name" 
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/19/2008 : 00:09:01
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I think it used to be higher.. but I have seen sporadic evidence with some latecomers who finally are starting to see the light that the average is sliding somewhat. When Joe Six-pack starts hoarding coppers we will be back down to average.  |
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 05/19/2008 00:11:11 |
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norcal
Penny Pincher Member
USA
107 Posts |
Posted - 05/19/2008 : 00:48:01
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You dont gotta be a genius to know that selling a penny for 2 cents is a good thing.
Or do ya? |
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Nickelless
Administrator
USA
5580 Posts |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 05/19/2008 : 05:46:46
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I thought we were a pretty bright bunch of people until that Irrational Thinkers thread was started. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 05/19/2008 : 08:22:20
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I use to think I was bright until I started to spend so much time working on my penny hoard. Now I am not so sure.  |
Edited by - horgad on 05/19/2008 08:22:46 |
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fb101
Administrator
USA
2856 Posts |
Posted - 05/22/2008 : 21:16:54
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| Just curious. Does average know how to tie shoelaces or not? |
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Loophole29
Penny Sorter Member
78 Posts |
Posted - 05/22/2008 : 21:48:25
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quote:
Originally posted by fb101
Just curious. Does average know how to tie shoelaces or not?
What are shoelaces? |
Sorting in Jersey |
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eharrison
Penny Pincher Member
USA
234 Posts |
Posted - 05/22/2008 : 22:13:11
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quote:
Originally posted by Loophole29
quote:
Originally posted by fb101
Just curious. Does average know how to tie shoelaces or not?
What are shoelaces?
Those things you use to keep your teeth clean. |
Freedom is popular
That's why I voted
Ron Paul! |
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the_cent_guy
Penny Pincher Member
USA
114 Posts |
Posted - 05/22/2008 : 22:24:38
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| It should be "dumb as a box of pennies" |
"It's funny,you know me and the boys are talking about what to do with all this extra coin. And I was like.. I'm renting a clown.. Ha, and I did! Bobo here.. And uh.. I really underestimated the creepiness.."
http://www.youtube.com/watch?v=gdfvWAp5GUw
Copper Cents For Sale:
http://tinyurl.com/5ec4mp |
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n/a
deleted
20 Posts |
Posted - 05/23/2008 : 09:46:54
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| well i know my fellow ron paul supporters on this site are genius |
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Ryedale
Administrator
USA
523 Posts |
Posted - 05/23/2008 : 09:56:41
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quote:
Originally posted by eharrison
quote:
Originally posted by Loophole29
quote:
Originally posted by fb101
Just curious. Does average know how to tie shoelaces or not?
What are shoelaces?
Those things you use to keep your teeth clean.
That would be Tooth in my case |
Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 05/23/2008 : 10:44:46
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quote:
Originally posted by knibloe
I thought we were a pretty bright bunch of people until that Irrational Thinkers thread was started.
Just found this. Glad you weren't dissing the Rational Thinkers Only Club. All the really smart, and still rational, hang out there. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/21/2009 : 12:43:12
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| Look if everyone on this site was rocking above average intelligence, they would have a job that paid enough to allow them to just purchase what they needed without doing all the grunt work. But what do I know and what is average anyway. Compared to other US citizen's, the entire world, or just the industrialized nations, we may be or we may not be. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/21/2009 : 12:50:54
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| Haha, propping yourselves up. |
Trolling is an art. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 08/21/2009 : 13:01:42
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quote:
Originally posted by fb101
Just curious. Does average know how to tie shoelaces or not?
VELCRO is the the way to go. |
You don't have to be the BEST you just have to be.......SLICK
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twocents
Penny Collector Member
398 Posts |
Posted - 08/21/2009 : 14:01:22
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Contrary to what you have stated, JobIII, you have to trust me that the intelligent become rich by working hard, being educated (traditionally or non-traditionally), and most often by pinching pennies or at least making sound financial decisions. There are plenty of rich people that are unable to stay rich or at least fail to become richer. There are also plenty of smart people who never accumulate wealth. No smart, wealthy person who actually earned his or her money would ever buy a copper cent for 1.5 X face when they could have it at face value. So it is not about having a job that pays enough to buy copper, it is about taking advantage of an opportunity for arbitrage, whether your income is 4, 5, or 6-figures.
So I vote for above average. We are all just people working to play an angle to our advantage and hopefully having some fun while we do it. |
Just my two cents! |
Edited by - twocents on 08/21/2009 14:02:51 |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/21/2009 : 14:44:09
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well put. But I still think that the most intelligent individuals would see this as a waste of time. Sure it's an investment, but there are other easier ways to invest. People are buying at 1.5 because they don't want to spend the time and trouble doing so. What's the difference between buying copper now at 1.4 or 1.6 and selling it at 2 to 3 x fv. That 0.5 isn't so big now. BTW we are not getting out coppers at face. We have to factor in the costs of time and money. bringing our ultimate gains ever closer to what someone would get by buying sorted cents. The only bonus is the rare and uncommon cents you'd find searching first hand. I still don't think this hobby is for the above average. But i'm not trying to insult anyone on this site. Plenty of normal people find a loop hole and make use of it.
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Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 08/21/2009 : 15:54:14
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Saving/Hoarding Coppers is just one of the things that I do involving coins. I search halves, buy and sell BU boxes, buy 90% and silver and gold bullion.
You can't be narrow minded and only deal in one part of the coin world. Plus with the system I have I come out ahead every time. I dump and pickup on the same day..unless I am moving very large quantities that week.
If you are driving to the bank for 1 box of pennies and it yields 25% copper you have $6.25 in copper. That is worth 6.25 x 1.35 = 8.44. A $2.20 gain is not worth the time.
But if you get $1500.00 and have a 25% yield you have 375 in coppers. That is 375 x 1.35 = 506.25 or a 131.25 gain. I can pick this amount up, run them through the Ryedales and dump them in about a 5 hour period. So that equals 26.25/hr. I could also do this 5 days a week if I wanted to, I have the resources. But can I sell that many a week...probably not. But that is still a theoretical week profit of 656.25. Well worth the time.
Now this is by no means a way to make a living. The payout will be in the future when copper is $10/lb and/or when the melt ban is lifted.
So that makes it worth my time. I also think that $100fv for $145 SHIPPED is a fair price. |
You don't have to be the BEST you just have to be.......SLICK
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barrytrot
Administrator
USA
721 Posts |
Posted - 08/21/2009 : 16:10:19
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quote:
Originally posted by JobIII
Look if everyone on this site was rocking above average intelligence, they would have a job that paid enough to allow them to just purchase what they needed without doing all the grunt work. But what do I know and what is average anyway. Compared to other US citizen's, the entire world, or just the industrialized nations, we may be or we may not be.
I disagree with this statement.
This is an entertaining hobby for me and others as well. Many people have a hobby and I think it is pretty nifty to have one that is also a hedge against inflation.
Also, there is a (generally) pretty active BST. People here do have jobs and many of them do purchase to add to their holdings.
Also as a final side note: Intelligence can be used to increase the ability to earn money but it can also be used for a variety of other pursuits. Using your skills/intelligence for non-monetary purposes can often be more rewarding. |
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How Bright?
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