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Gr33nday43
New Member
Uzbekistan
10 Posts |
 Posted - 06/12/2008 : 16:02:18
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I have a question.
I have enough money to buy a handfed ryedale at the moment.
I currently hand sort, which I hate.
I do not want anything more expensive than a handfed(eg coin artist).
Should I buy the handfed and start buying more pennies or invest in more silver?
Thanks in advance!
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/12/2008 : 16:53:11
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Each to his own... but seems like if you are on a limited budget you can buy a lot of pennies (a box nearly) for the price of 1 silver Maple Leaf. Silver coin is going to go up over time, but might go down too! Those pennies are not going to drop in value (other then inflation losses) but some will be worth more then face for sure. I prefer getting stuff at below intrinsic value, so while I buy silver too I like the copper and nickel plays a lot.
A Ryedale, like other equipment, is an investment. And the Ryedales seem to be holding value nicely. If the Ryedale frees up time that you will spend buying pennies, selling pennies, unrolling and rolling pennies, then its a good deal. If it is going to gather dust because you can't or won't feed it, it makes for poor decoration. Only you can know.
Also, not talked about here that I've seen... Right now all US Nickels are made from CuNi so sorting them is pointless (silver war excepted). However, the day WILL come when the CuNi is discontinued in favor of nickel plated steel (Canada switched in 2000). So even if the copper penny play ends someday, there will be a Nickel play for that Ryedale which is already designed to deal with nickels. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/12/2008 : 19:48:02
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What is it you hate about hand sorting? Is it the eyeballing each coin? Maybe a digital scale would be your best investment. If you don't like sorting at all maybe a passive investment like silver is best for you. If you like getting things below their intrinsic value by investing a little effort, then maybe a Ryedale is in your future. If you do get the machine you will have to feed it to get the most value out of it.
A couple of hundred bucks doesn't buy much silver nowadays, but a machine can give you a continuous return in fun and copper!  |
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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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/12/2008 : 19:52:10
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| That's like asking if you should use the money to buy fish or a fishing pole. |
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Think positive. |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 06/12/2008 : 19:54:39
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| Buy the Ryedale, it will pay for itself in no time, then sell enough copper to get the silver you wanted. |
Are you throwing that out? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/12/2008 : 19:56:36
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| Just go bid on a couple of bags of copper on eBay. That way you will have your copper and you won't have to do the sorting. |
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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fb101
Administrator
USA
2856 Posts |
Posted - 06/12/2008 : 21:52:48
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| Tough decision. |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/12/2008 : 21:58:09
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To HCBTT, I don't like hand sorting because it hurts my eyes. I can also quickly look at the coin before dropping it in because i can tell if it is a wheat cent or not. Wheat cents are so fun for me to find then grade and then look at values in the redbook. I think you saved me about $175 by the way. I just found out you can sort by using a scale.
Thanks for the replies and a digital scale will be in my future! Any reccomended scales or just a regular type? |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/12/2008 : 22:42:12
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quote:
Originally posted by Ardent Listener
That's like asking if you should use the money to buy fish or a fishing pole.
Get the fishing pole. It's a heck of a lot of fun, and it makes you much more efficient in your sorting. |
"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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/12/2008 : 23:20:59
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quote:
Originally posted by Gr33nday43
To HCBTT, I don't like hand sorting because it hurts my eyes. I can also quickly look at the coin before dropping it in because i can tell if it is a wheat cent or not. Wheat cents are so fun for me to find then grade and then look at values in the redbook. I think you saved me about $175 by the way. I just found out you can sort by using a scale.
Thanks for the replies and a digital scale will be in my future! Any reccomended scales or just a regular type?
Glad I could save you some money. That is why I asked. I used to sort a lot with a digital scale before getting my Ryedale and found it very easy on the eyes as well as faster.
I like the Ohaus scales but you can get cheaper models and they will work just fine. Try to get one with at least a 200 gram capacity.. 500 is best. That way you can check entire rolls at once and you don't even have to open the roll if it is all zinc. You should be able to find something in the $10-15 range. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/12/2008 : 23:45:13
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| Depends on your goals...are you looking to sort alot and then turn around and sell for profit? If yes, then get a Ryedale. If you are looking strictly to hoard, then spend the money on boxes of pennies or silver, and forget the Ryedale. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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lukeownzu
Penny Collector Member
364 Posts |
Posted - 06/13/2008 : 00:30:43
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| A hand fed doesn't seem very efficient, about like the one I got from Horgad that he made for like 20 bucks, except that it will last longer. I bought an Apprentice, works great, 6 boxes an hour, if you have the investment you can make it back in two weeks. I would highly suggest it, if you can front the 400$ and still have at least 100$ to start buying. That's what I did :) |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 06/13/2008 : 01:41:21
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quote:
Originally posted by Gr33nday43
To HCBTT, I don't like hand sorting because it hurts my eyes. I can also quickly look at the coin before dropping it in because i can tell if it is a wheat cent or not. Wheat cents are so fun for me to find then grade and then look at values in the redbook. I think you saved me about $175 by the way. I just found out you can sort by using a scale.
Thanks for the replies and a digital scale will be in my future! Any reccomended scales or just a regular type?
The Ryedale is well worth the money. I've had my machine fully operational for less than two weeks and I've already sorted $350 in coppers out of just under $1100 in total pennies. If you're planning to sort that kind of volume--which I am, to then resell and buy silver--then a Ryedale is definitely in order. And since a Coin Artist only costs $649 shipped, you could make back your investment in just a couple weeks. I recommend the Coin Artist, hands down. It can sort up to $180 an hour in pennies, which will help you go through massive amounts of coins in no time. Here's a video of the Coin Artist in action:
You must be logged in to see this link. |
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Edited by - Nickelless on 06/13/2008 01:44:41 |
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fiatboy
Administrator
912 Posts |
Posted - 06/13/2008 : 02:29:41
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As stated above, to each his own, and it really depends on your goals.
Here's what I did:
I determined exactly how many copper pennies I wanted.
I bought a Ryedale Apprentice. (Great Machine!)
I sorted pennies until I reached my goal.
I sold my Ryedale, which bought a very competitive price,
And used that money to buy silver.
It worked for me. But everyone has different goals, so again, to each his own. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/13/2008 : 12:12:55
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quote:
Originally posted by Gr33nday43
I have a question.
I currently hand sort, which I hate.
I Love hand sorting! It is like looking for treasure. Although i might end up getting a Ryedale. |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/13/2008 : 12:29:11
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quote:
Originally posted by Nickelless
quote:
Originally posted by Gr33nday43
To HCBTT, I don't like hand sorting because it hurts my eyes. I can also quickly look at the coin before dropping it in because i can tell if it is a wheat cent or not. Wheat cents are so fun for me to find then grade and then look at values in the redbook. I think you saved me about $175 by the way. I just found out you can sort by using a scale.
Thanks for the replies and a digital scale will be in my future! Any reccomended scales or just a regular type?
The Ryedale is well worth the money. I've had my machine fully operational for less than two weeks and I've already sorted $350 in coppers out of just under $1100 in total pennies. If you're planning to sort that kind of volume--which I am, to then resell and buy silver--then a Ryedale is definitely in order. And since a Coin Artist only costs $649 shipped, you could make back your investment in just a couple weeks. I recommend the Coin Artist, hands down. It can sort up to $180 an hour in pennies, which will help you go through massive amounts of coins in no time. Here's a video of the Coin Artist in action:
You must be logged in to see this link.
Honestly, I am not as much as volume as I am for numismatics. A month ago I found a 1910S in AU, which brings about 50-70 dollars! I'm considering getting it slabbed because it is such a rare coin in that condition and I want to keep it nice because I will NEVER sell it. Those types of things make my week and just finding even finding 20 wheats a box for me is REALLY exciting. I love grading them and looking them up in the redbook. I also typically undergrade so I can be surprised. 
So I am going to get the scale, maybe later if I sell a few of my wheaties, then I can buy a ryedale and sort 50% by hand 50% by ryedale.
Thanks!
PS-I know it will be hard but I want to sort about 5 boxes a week.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/13/2008 : 12:30:59
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| I do a combination of both. I use the the Ryedale Coin Artist to do the bulk sort. Then I pluck the Indians and older wheats out of the shiny zinc pile and hand sort the copper side for more treasures. Found a 14-S in VF and 15-S in XF a couple of weeks ago. Sorting large volumes increases my chances of finding more of the better ones. |
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 06/13/2008 12:34:06 |
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scooter
Penny Pincher Member
240 Posts |
Posted - 06/13/2008 : 21:52:59
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| ardents exactly right |
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Topic |
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Ryedale or Silver?
Forum Locked
