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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 06/20/2008 : 08:13:47
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Well I think it is common knowledge that Jackson Metals is still pull copper with the help of Coin Star and Brinks. What this means in real terms is that all the banks in my area i.e. the east coast that use Brinks sending giving out nothing but zinc coated copper. My solution was to use Bank of America because they used another supplier. However yesterday after getting $200 I got totally skunked! All the copper has been sucked out of those boxes too! I will try again next week but will drop down to $100 on my order. For all the talk from others about it taking years before all the copper is taken out of the system, I don't believe it for a minute! I really think the mint has contracted with some of these commercial jokers and all us little people doing this for a fun hobby and small investment are going to get the short end of the stick. If things don’t turn around soon my Ryedale will be for sale and I'll take bags of copper in trade. I was hoping to sock away a little bit more before the supply was cut out totally. I'm curious to know if others have noticed anything or not?
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/20/2008 : 09:05:46
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thats a bummer.
I have noticed the exact opposite. My brinks box average has actually gotten heavier. But my wheat percentage has gone way down. |
"99% of all lawyers give the rest of them a bad name" 
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 06/20/2008 : 09:08:04
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| My Brinks numbers have gone up also. |
Edited by - Tourney64 on 06/20/2008 09:09:32 |
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fb101
Administrator
USA
2856 Posts |
Posted - 06/20/2008 : 10:49:01
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| May I suggest trying a smaller local bank? |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 06/20/2008 : 11:08:52
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My percentages haven't changed either with the Brinks boxes.
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PennehChaos.
Penny Collector Member
USA
269 Posts |
Posted - 06/20/2008 : 13:09:48
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Out of curiosity, where are you on the east coast?
i'm near Charleston, SC, and i've gotten a LOT of mixed-zinc Brinks boxes lately... more than half my pickups. Also several boxes that were 2-5% copper, which are almost worse in a way (i hand-sort). i'm practically swimming in shrink-wrapped zincs right now. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 06/20/2008 : 13:15:08
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My experience has been that the dud zinc boxes were all uncirculated 2008's.
I haven't gotten any dud boxes with mixed zincs yet...yet.
I also haven't been sorting as much lately 'cause I took an accelerated 1 month calculus class this summer and have spent all my spare time studying.
If the wife allows it tonight I'll sort for the first time in nearly 2 weeks and have a couple hundred dollars of zinc to dump on Monday.
Next week I'll order another $600 or so and then I'll see how the boxes are weighing.
I still don't have my first ton yet, so I hope there's copper out there! |
Sorting In Northwest Mississippi |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 06/20/2008 : 14:35:16
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| I'm in NC |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/20/2008 : 14:44:06
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| copper, you've been skunked before, right? What was your normal weight at your pickups before you were skunked? |
"99% of all lawyers give the rest of them a bad name"
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farmer
New Member
10 Posts |
Posted - 06/20/2008 : 14:46:32
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| In e a very out of the way little town-southwest va my % has been 4-5% better the last few boxes-I am a former teacher and coach so a large number of the local tellers are former runners or students so i am taken care of |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/20/2008 : 16:34:49
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It's c140cessna's dumps working their way through the system. The same thing happened to me a few months back. I even cancelled my weekly order at one branch because of it. Then I got an entire shipment of 24 boxes that were all mixed date zincs in Brinks wraps from another bank. I was almost in panic mode. The good news, a few weeks later all the boxes were back to normal percentages. Just get a good scale and you can quickly sort out the dud boxes and return them without even breaking the seal.  |
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 06/20/2008 16:35:42 |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/20/2008 : 17:09:22
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quote:
Originally posted by HoardCopperByTheTon
It's c140cessna's dumps working their way through the system. The same thing happened to me a few months back. I even cancelled my weekly order at one branch because of it. Then I got an entire shipment of 24 boxes that were all mixed date zincs in Brinks wraps from another bank. I was almost in panic mode. The good news, a few weeks later all the boxes were back to normal percentages. Just get a good scale and you can quickly sort out the dud boxes and return them without even breaking the seal.
or buy gas with them |
"99% of all lawyers give the rest of them a bad name"
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 06/21/2008 : 09:53:54
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Here is the deal, most banks around here with the exception of Bank of America use Brinks to deliver their coin. All the Brinks boxes I have checked and re-checked after time are now all duds i.e. zinc. The last batch I got from Bank of America i.e. $200 this time was all zinc. This has me concerned and leaves me without other options with the exception of customer rolled coins which is few and far between.
So, while I am not throwing in the towel just yet, I do wonder. I think I was one of the first guys who reported the Brinks boxes being all zinc at first. I guess I will wait and see and try again next week. :-) |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/21/2008 : 11:22:56
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If you are doing enough volume you can impact your own supply in theory. Do you mark each box you return so you know if you see it again? If you dump zinc, Brinks picks it up, and delivers it unopened back to your source bank. No reason for them to open it.
I mark each roll with a green sharpie S or a date range. I was offered some of my rolls back once. I've also seen from documentation and stamps that penny boxes take interesting trips around between various banks in various cities, never getting opened. |
“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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Nickelless
Administrator
USA
5580 Posts |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 06/21/2008 : 20:19:45
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| I pick up boxes from Bank of America and take back loose coins in $50 bags to my dump bank. My dump bank gets coins from Brinks which I avoid because of past experences and after re-checking as well. So, I don't think I am getting the same pennies. Plus my volume is not that great per week. Maybe I'm just in a different market than most. Anyway, I will try again this coming week and keep my fingers crossed. I'd hate to stop now. :-) |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 06/21/2008 : 21:41:10
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Copper-
I get a lot of that in Houston. I weigh before I look. I get about 30% dud Brinks boxes. |
Beer is my currency. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/21/2008 : 22:05:48
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No dud boxes. ::::Repeatedly knocking on every wood object in sight.::::
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 06/21/2008 : 22:45:39
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Where I live every single bank uses the N.F. string paper boxes to I will dodge the whole Brinks shenanigans their pulling (or plan to do so). Arent these kinds of boxes avil. where you guys live?
Here in MI I havent hit those dud boxes yet, but once in awhile you do hit those very poor you-know-its-been-storted boxes though. |
Robber Baron= Robarons |
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fb101
Administrator
USA
2856 Posts |
Posted - 06/21/2008 : 23:01:49
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| In Phila suburbs I get mostly non-brinks. I just got one Brinks, 1/2 through it, averaging about 25 percent. |
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mooski
Penny Sorter Member
USA
61 Posts |
Posted - 06/23/2008 : 05:54:26
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Hi,
I get Brinks boxes from BofA, and NF Strings from about everyone else.
I've gotten just two dud boxes from BofA. One box was pure minty fresh 2004-D's, and the other box had rolls of 98 percent 04-D's, with one penny mixed in.
I'm going on a 'fun run' tomorrow (assuming I wake up tomorrow at a decent time) and should be getting close to a dozen boxes, mainly at BofA's.
Haven't hit a box of mixed zinc yet.
Or an Indian Head...
-M |
Sorting and hoarding in Seattle, WA |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 06/23/2008 : 17:31:40
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quote:
Originally posted by Copper Catcher
I pick up boxes from Bank of America and take back loose coins in $50 bags to my dump bank.
That is what I do with halves. Mostly only buy BofA and dump at two other banks. I mark all my halves with a perm marker on the rim only. After a while I started getting my own coins back in brinks boxes. I still get 2-3 of prevoiusally owned coins in many rolls. |
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n/a
deleted
478 Posts |
Posted - 06/26/2008 : 17:56:38
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| My bank teller told me high gas prices mean more people bring in the coins for fuel. Lots of 10 to 20 year old jugs of pennies coming on the market. This may be the mother lode before they all go away. The bank I went to says they are overwhelmed with change............. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 06/27/2008 : 14:19:31
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I'm picking up 32 boxes from my main bank in a couple hours, so ya'll keep your fingers crossed that I don't get duds!
I haven't done any drive-buys in a couple months, might be time to try again. |
Sorting In Northwest Mississippi |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 06/27/2008 : 14:32:20
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| On June 26th I picked up $200 from Bank of America and all the boxes were undated but one which read April 25th if I remember right. Unfortunately, all were duds! Nada on copper! I want give up but will try again next week, but this is getting old, fast! I hate to think I might have to pay importing fees to you guys just to get bags to sort. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 06/27/2008 : 18:04:40
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If you are getting all mixed boxes of pure zinc then definitely you are getting someone's dumps. I don't know about Jackson Metals but someones. I'm really sorry this is happening to you. All I would suggest is calling different banks and see if one gets their coins from a different company than Brinks.
As far as I can tell all of my boxes are packaged by CWI with pennies coming from the Federal Reserve Bank in Memphis. Loomis delivers them, I see their trucks in Oxford MS where I work, which is near 100 miles from Memphis.
All 32 of my boxes today had copper, although most weighed in at a measly 14.6 pounds. A handful were 14.8, none weighed 15. But hey, at least I have copper to sort :) |
Sorting In Northwest Mississippi |
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My Copper Supply is Dwinding Fast!
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