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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
 Posted - 07/13/2008 : 20:20:18
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When I was hand sorting, I set aside the copper canadians. Now that I have the Ryedale, I visually sort the coppers for wheats. Is there a reason to pull out the canadians?
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 07/14/2008 : 01:53:35
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quote:
Originally posted by knibloe
Is there a reason to pull out the canadians?
They are 98% copper instead of 95%.
Some people like them more.
I think they usually sell for more on eBay.
Some people like them less. |
Edited by - kavajava on 07/14/2008 01:54:37 |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/14/2008 : 02:16:22
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They melt better.
Seriously, after spending an evening handsorting "mixed copper" as I call it, I'm really wondering why bother. I'm pulling very few wheats (all late model) and even less kings, and a handful of US coins that are mixed in with the 3 weights of Canadian copper pennies. I'm thinking these pennies are all going to melt together just fine someday.
What do others think? Is there value in sorting out the three weights of Canadian Cu pennies? |
“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 |
Edited by - jadedragon on 07/14/2008 02:23:09 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 07/14/2008 : 07:05:36
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quote:
Originally posted by legacypac
They melt better.
Seriously, after spending an evening handsorting "mixed copper" as I call it, I'm really wondering why bother. I'm pulling very few wheats (all late model) and even less kings, and a handful of US coins that are mixed in with the 3 weights of Canadian copper pennies. I'm thinking these pennies are all going to melt together just fine someday.
What do others think? Is there value in sorting out the three weights of Canadian Cu pennies?
I think it depends.
If the melt ban gets lifted and we all sell our pennies buy the pound to whoever, then no, mix them all together.
If  and we're bartering with coins for there metal content, I would think one would want them seperate. A 2.5 gram and a 3.24 gram are going to have different buying power. Especially if the price of copper (and other base and PM) keeps going up.
And yes, I do like Canadian coins.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 07/14/2008 : 07:33:10
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The current market on E-Bay is for pure copper US cents. If you leave any Canadians or zincs in there, you will get less for your lots. My guess is this will remain true in the years ahead.
On the other hand, when/if the scrap market for pennies develops it will make no difference if you leave the Canadians in.
Also if one could manage to get enough copper Canadians to get a scrapper interested, you could legally sell them today in the US for a little less than $3.00 a pound. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/14/2008 : 13:55:18
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quote:
Originally posted by horgad
The current market on E-Bay is for pure copper US cents. If you leave any Canadians or zincs in there, you will get less for your lots. My guess is this will remain true in the years ahead.
On the other hand, when/if the scrap market for pennies develops it will make no difference if you leave the Canadians in.
Also if one could manage to get enough copper Canadians to get a scrapper interested, you could legally sell them today in the US for a little less than $3.00 a pound.
Yes, bannish those zincs!
I'd think that a melter would not mind a few higher Cu% mixed in. I can see on ebay the simplicity of "all memorials" or "all wheats"
How many pounds to get a scraper interested? |
“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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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 07/14/2008 : 17:50:38
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Are you throwing that out? |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 07/14/2008 : 21:04:10
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| I have about 15 pounds of canadians set aside from hand sorting. Maybe I will go see a scrapper. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/15/2008 : 12:43:03
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quote:
Originally posted by Flbandit
Are Kings worth a premium? I find a few now and then.
Should have some collector value. I posted a bunch of detailed info from a coin book a couple weeks back. I have not personally tested the market yet.
I'd be curious what anyone finds out visiting a scraper with Canadian pennies in the US. Please report here. |
“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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canadian cents
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