I have a friend who works at a local high volume supermarket in the business office. They get boxes and boxes of pennies in all the time. High volume use with 17 cash registers. Lots of penny turnover. She buys me $20 a week and makes sure they are "old" types and not new production. I then "dump" the zincs back to them and she sees to it that they go right out to the cash registers first ensuring they leave the store fast. The manager has no problem with this as she expalined that they were for an elderly shut in relative who likes to look for Wheats. I'm not elderly nor am I shut in but the story works and I got 15 wheats with a 1919 on my first sort plus 3 Euros.
Sorting percentages seem WAY DOWN. Getting around 22 to 24 %.
Yeah I know it's a BS story but you know where I got it from? This forum! :)
I was getting up to 30 to 35% but it seems low these days unless I hit the banks on the edge of the inner city where I get huge % yields and lots of wheats. Canadian copper is off the scale at close to 75%.........even in regular change. what's up with the high percentage of canadian copper in the USA? Old stock?
Maybe the old Canadian pennies are coming out now that the Loonie is on par with the Greenback? Before it was really hard to spend Canadian change in the US... maybe that is changing now?
I would not recommend the BS story. No need to tell exactly what you are doing, but why make up a fake person. That said, some days I'm collecting coins for my yet to be born kid... but at least my kid is on the way.
“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
The Canadian coppers have been more common in the US for a long time. Not surprising, as they are mistaken for a US cent by a sorting machine, and far more common than Canadian zincs.
Consider what happens when a mix of US and CAN cents are dumped into a machine. The steel cents are easily sorted out by a magnet (and probably thrown away Stateside), which means only the CAN copper and zinc make it through, as their compositions are identical with US cents. Since Canada used copper until 1996, and only used zinc for a few years, the majority of CAN cents found in the US are statistically likely to be copper.
There may come a time when it's easier to find Canadian copper in the US than in Canada. How's that alloy Recovery Program doing on copper up there?
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The vast majority of the Canadian pennies I get are copper. It's in the 80% plus range. I live right next to the border so we've been getting these forever. Plus the high fuel price mean all the jugs of pennies are coming to banks. Lot's of Kings and early QE2's also. I recently did a $15 purchase of pennies at a local bank and got 29 Canadian copper pennies and only THREE post '97's! I did however get THREE Euro 2 cents which are steel and magnetic. Very interesting.
Found a source for Pennies.......
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Posted - 07/19/2008 : 17:55:04
