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Gr33nday43
New Member
Uzbekistan
10 Posts |
 Posted - 06/16/2008 : 16:12:05
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So far this is what I have..
1.Get a scale.
2.Get a ryedale.
3.Call all banks in the area to see who has a free coin sorter.
4.Go to the banks, check out the sorters for coins per minute using 50 cent rolls and a stopwatch.
5.Get an account at the banks with good coins per minute sorters.
6.Call around for a good source bank that will order pennies and then get an account with them.
7.Get a cart.
8.Start sorting and hoarding.
UPDATE: Steps 1,2,and 3 have been completed.
With you guys being experienced, are there any steps I missed?
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Edited by - Gr33nday43 on 06/18/2008 12:27:38 |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 06/16/2008 : 16:23:23
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well, you dont need a ryedale if you dont plan on doing too much, you could hand sort.
but if you do alot, put bring tellers treats like chocolate coins on that list. |
*HUCKABEE*
___08'____
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/16/2008 : 16:28:36
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Sounds like you got it down to a science already. I don't know about 3 and 4. Frankly, if you can find a bank with a free coin counter you are way ahead of the game. I wouldn't worry too much about which one is faster. Free coin counting is going to be much faster than you rolling your own zinc rejects no matter how "slow" the free counter is. Also, my dump bank, which has a free counter, does not require that I have an account with them in order for me to "dump" my rejects there.
Welcome to penny hoarding/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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Edited by - TenBears on 06/16/2008 16:29:14 |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/16/2008 : 16:57:45
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quote:
Originally posted by TenBears
Sounds like you got it down to a science already. I don't know about 3 and 4. Frankly, if you can find a bank with a free coin counter you are way ahead of the game. I wouldn't worry too much about which one is faster. Free coin counting is going to be much faster than you rolling your own zinc rejects no matter how "slow" the free counter is. Also, my dump bank, which has a free counter, does not require that I have an account with them in order for me to "dump" my rejects there.
Welcome to penny hoarding/sorting.
most people don't have banks with free coin counters?
There are at least 15 in my area... |
Edited by - Gr33nday43 on 06/16/2008 16:58:14 |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/16/2008 : 17:01:58
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quote:
Originally posted by Gr33nday43
quote:
Originally posted by TenBears
Sounds like you got it down to a science already. I don't know about 3 and 4. Frankly, if you can find a bank with a free coin counter you are way ahead of the game. I wouldn't worry too much about which one is faster. Free coin counting is going to be much faster than you rolling your own zinc rejects no matter how "slow" the free counter is. Also, my dump bank, which has a free counter, does not require that I have an account with them in order for me to "dump" my rejects there.
Welcome to penny hoarding/sorting.
most people don't have banks with free coin counters?
There are at least 15 in my area...
You are lucky to have such a plethora of dump banks. Many here have to count and roll their dump coins themselves before returning them to the bank. |
"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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fb101
Administrator
USA
2856 Posts |
Posted - 06/16/2008 : 17:14:40
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| I'm lucky too. I have a few dump banks with coin counters, and they do not require accounts. One of them has a "5% charge for non-customers", but they do not enforce it. Also, if you call a bank branch, that branch may not have a coin counter, but another branch of the same bank may. |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 06/16/2008 : 20:15:57
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| The credit union I have an account with has a counter that's free up to $200. After that it's 5%. However as a hand sorter with 5 branches I can reach on my lunch hour, it's never cost me anything. I did find out today they won't sell change to non members. A guy came in behind me and wanted some, but left empty handed. I never knew that. |
Are you throwing that out? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/16/2008 : 20:34:39
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quote:
Originally posted by Gr33nday43
[quote]
most people don't have banks with free coin counters?
There are at least 15 in my area...
*Does not have a bank with a free coin counter* 
*Has to count or roll all his zinc coins to return them* 
Has somehow found a way to manage though.. 
Wish there had been blueprints available when I started. |
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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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 06/16/2008 : 20:36:57
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| My dump bank has a decent coin counter and best part is it can hold up too 1500.00 in pennies not quite sure as I haven't tested it out yet. The part that isn't so good is that there is always a half-dollar sorter filling the bins up. Gee some people have no respect for the little guys. |
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jorhyne
Penny Pincher Member
174 Posts |
Posted - 06/16/2008 : 21:02:20
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| Scotty your lucky. I have free coin sorters in two banks near me, but they only hold $100 in pennies at a time. |
Pennies For Sale: http://tiny.cc/jorhynespennies |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/16/2008 : 21:04:02
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by Gr33nday43
[quote]
most people don't have banks with free coin counters?
There are at least 15 in my area...
*Does not have a bank with a free coin counter*
*Has to count or roll all his zinc coins to return them*
Has somehow found a way to manage though..
Wish there had been blueprints available when I started.
same. All the banks around me got rid of their free counters because they were too expensive to operate. I have to use my own machine, and have no limit on how much I can return.
I feel sorry for those who have to roll their zinc. I sorted about $10 in the car today, I then rerolled the zincs and spent them. In the time it took me to reroll three rolls of zinc, my counter could have done 2 bags. And the ryedale could have sorted those pennies faster, but with nothing better to do with 4 hours riding in a car, I could hand sort. |
"99% of all lawyers give the rest of them a bad name" 
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/16/2008 : 21:14:27
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nearest sorter that i have found is 1.5 hour drive
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 06/16/2008 : 21:21:10
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Poor guys.
I have about 15 in my area and spread them out without discrimination.
The best part is three of them are open 24 hours a day - with Cummins Jetsorts - 2000+ per minute! |
Beer is my currency. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/16/2008 : 21:28:12
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I feel sorry for anybody that has to roll their zinc too.. that is the way I started.
*Has plenty of "free" counters available.. all within 20 feet.*
6 counters, no waiting.. 8 if I flip the automatic coin rolling machines to free count mode.
Never having to wait for some half dollar sorter to dump his load in the free coin counter at the bank.. priceless! |
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 06/16/2008 21:29:57 |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 06/16/2008 : 21:30:29
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quote:
Originally posted by HoardCopperByTheTon
I feel sorry for anybody that has to roll their zinc too.. that is the way I started.
*Has plenty of "free" counters available.. all within 20 feet.
6 counters, no waiting.. 8 if I flip the automatic coin rolling machines to free count mode.
Never having to wait for some half dollar sorter to dump his load in the free coin counter at the bank.. priceless!
"Free" counters?
Who gave them to you? |
Beer is my currency. |
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fb101
Administrator
USA
2856 Posts |
 Posted - 06/16/2008 : 21:31:29
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by Gr33nday43
[quote]
most people don't have banks with free coin counters?
There are at least 15 in my area...
*Does not have a bank with a free coin counter*
*Has to count or roll all his zinc coins to return them*
Has somehow found a way to manage though..
Wish there had been blueprints available when I started.
When you started they were printing on pounded bark and hadn't invented ink yet. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/16/2008 : 21:47:18
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quote:
Originally posted by TXTim
"Free" counters?
Who gave them to you?
Well, Free to use.
I gave them to me.. I always buy myself all the best toys.
Nah fb101.. I don't go back to the pounded bark days.
My earliest US copper coin sorted only dates back to 1787. We didn't even have Ryedales back in those days.. we had to sort everything by hand. |
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 06/16/2008 21:48:43 |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/17/2008 : 07:29:41
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| What about electric costs? |
"99% of all lawyers give the rest of them a bad name"
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fb101
Administrator
USA
2856 Posts |
Posted - 06/17/2008 : 07:57:12
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| If you're going to get that cheap, rub the cat. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/17/2008 : 13:38:16
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| They use less electricity than a TV. And I hardly ever have more than 3 machines running at one time. Ever see those videos with the guy spinning a bunch of plates on sticks? I don't want to work that hard.. LOL. |
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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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/17/2008 : 17:48:54
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quote:
Originally posted by Gr33nday43
So far this is what I have..
1.Get a ryedale.
2.Call all banks in the area to see who has a free coin sorter.
3.Go to the banks, check out the sorters for coins per minute using 50 cent rolls and a stopwatch.
4.Get an account at the banks with good coins per minute sorters.
5.Call around for a good source bank that will order pennies and then get an account with them.
6.Get a cart.
7.Start sorting and hoarding.
With you guys being experienced, are there any steps I missed?
Step 8. Drink the Penny Kool-Aid? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 06/17/2008 : 18:30:50
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quote:
Originally posted by HoardCopperByTheTon
They use less electricity than a TV. And I hardly ever have more than 3 machines running at one time. Ever see those videos with the guy spinning a bunch of plates on sticks? I don't want to work that hard.. LOL.
I run my ryedale at the same time as my counter. Never turn off the ryedale (unless I have to) Just keep feeding the ryedale, zincs fall into a Half dollar box, when it gets about 30% full I pull it out and quickly put in an empty one. A few zincs bounce on the floor or countertop, I get those later. Then I pour the zincs into the counter. Only turn it off when the basket gets about $15 then pour them into a $50 bank bag.
Used to do each one seperate, now I can do twice as many in the same time. |
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terminal99
Penny Sorter Member
53 Posts |
Posted - 06/18/2008 : 11:11:49
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| I would add to list to get yourself a digital scale. I got one off Ebay that goes up to 75 pounds. The neat thing is that it has a tare feature that it won't weigh the container just the pennies. |
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Edited by - terminal99 on 06/18/2008 13:30:49 |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/18/2008 : 12:26:46
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quote:
Originally posted by terminal99
I would add to list to get yourself a digital scale. I got one off Ebay that goes up to 75 pounds. The neat feature is that it has a tare feature that it won't weigh the container just the pennies.
Good idea. I just bought one off ebay with a 600g capacity. I also just bought a ryedale and called all the banks. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/18/2008 : 12:31:22
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I agree.. digital scales should be on your equipment list. They can help you quickly sort out dud boxes and dud rolls. A big one for boxes and a small one for rolls.
I pretty much keep the Ryedale running constantly like cyberdan.. just rotating the fill boxes. I do a quick sort of the zinc to pluck out the Indians and old wheats, then dump them in one of my Glory CN-12 counting machines where they are quickly counted directly into $50 bags for dumping at my primary dump bank or I dump them into one of the Glory automatic rolling machines where they are rolled up for deposit in my alternative dump banks. |
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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terminal99
Penny Sorter Member
53 Posts |
Posted - 06/18/2008 : 13:28:02
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[/quote]
Good idea. I just bought one off ebay with a 600g capacity. I also just bought a ryedale and called all the banks.
[/quote]
Is 600 gram capacity enough? that is only a little over a pound. While you're waiting on the Ryedale, buy some boxes of pennies and have them ready to go once it arrives. I went thru 6 boxes at one time when mine came. |
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Edited by - terminal99 on 06/18/2008 13:34:31 |
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Topic |
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Steps to Becoming a Penny Sorter.
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