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 Copper Penny Bullion Investing
 2008 BU pennies
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n/a
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7 Posts

Posted - 05/19/2008 :  00:32:27  Show Profile Send n/a a Private Message
Is it worth saving these when you are sorting for copper? I have been finding several that could be MS-67 or above. It seems to me not worth it considering since the mintage is at least 2 billion per year.

misteroman
Administrator



USA
2565 Posts

Posted - 05/19/2008 :  00:59:21  Show Profile Send misteroman a Private Message
saving them singular,no Saving boxes,if you have the extra money,yes

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 - 05/19/2008 :  08:32:45  Show Profile Send horgad a Private Message
quote:
Originally posted by misteroman

saving them singular,no Saving boxes,if you have the extra money,yes




Ok here is a question. Last Friday I got 7 Brinks boxes that are loaded with 2008 Ds. They are obviously uncirculated and running about 50% per roll. Because of the dilution the boxes are only maybe 10% copper. So the question is what should I do with the boxes? Also these are probably the only 2008 D uncirculateds that I will find, since I usually only see 2008 P uncirculateds.

1. Return them unsearched to the bank
2. Crank them through the Ryedale and return all of the zincs
3. Hand sort out the 2008 Ds with the hopes that someone, sometime will want to buy bags of loose 2008 D uncirculateds
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 05/19/2008 :  14:15:06  Show Profile Send HoardCopperByTheTon a Private Message
I pretty much never get new pennies mixed in with my Brinks rolls.

If you had a proper wrapping machine you could roll your own.

I think there might be a market for a few loose bags.. just depends on if you want to sort them out or not.

You should at least pull out the copper.. even 10% is worthwhile since you have the equipment to properly sort them. Whatever you decide to do, these should be the first ones you sort.

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 14:15:47
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horgad
1000+ Penny Miser Member



USA
1641 Posts

Posted - 05/19/2008 :  14:23:56  Show Profile Send horgad a Private Message
quote:
If you had a proper wrapping machine you could roll your own.



At this point, I would be happy with a counting machine and a few cloth bags so I could package them up properly. I think that I will take a stab at sorting out an even $50 or $75 worth and quit after that.
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 05/19/2008 :  14:26:34  Show Profile Send HoardCopperByTheTon a Private Message
If you were closer I would loan you one of my spare counters. You should just buy one.. they don't cost that much.

You might also check with your local coin dealer. Chances are that he might be interested in a couple of bags.. and I bet he has a proper counting machine you could use at the shop.

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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misteroman
Administrator



USA
2565 Posts

Posted - 05/19/2008 :  14:43:43  Show Profile Send misteroman a Private Message
If you have the time I would hand sort them and put the 08's aside.And like the wet cat said a dealer may have some interest in them and might actually be able to trade for something you want and get a little more for them.

Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
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