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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
 Posted - 09/13/2008 : 16:48:38
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First roll opened had 7 wheats which was my best so far. Later on find another one with 15 wheats and another with 6 wheats. Only ended up with 46 total and just a tad over 30% copper. It started off very nicely and overall the numbers are solid, but it seemed to be feast or famine.
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My hobby: collecting real money 1 copper cent or nickel at a time.
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Steiner
Penny Collector Member
Canada
278 Posts |
Posted - 09/13/2008 : 16:57:08
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| Well done and a nice score. |
Steiner |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 09/14/2008 : 09:36:06
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Awesome find. I get excited when I find wheat pennies too.
Before I found this site and knew about keeping stats, etc. on each roll my best find was two rolls--almost back to back--that each had four wheat pennies and one steel penny each. Since I started keeping my stats the best has only been three in one roll. And that has only happened once. 
But each time I open a new roll, I remember all of the great finds that so many of you on here have talked about and I have high hopes and great dreams of finding something spectacular.
Enjoy.
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Edited by - PreservingThePast on 09/14/2008 09:39:31 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 09/14/2008 : 22:36:34
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quote:
Awesome find. I get excited when I find wheat pennies too.
Before I found this site and knew about keeping stats, etc. on each roll my best find was two rolls--almost back to back--that each had four wheat pennies and one steel penny each. Since I started keeping my stats the best has only been three in one roll. And that has only happened once.
Thanks...hang in there. I get about 1 wheat per 4.5 rolls on average so anytime there is more than one wheat in a single roll I get a bit excited. I think my previous best before this roll was maybe 5 or 6 in a single roll. I have yet to join the steel penny club or the Indian Head club but hopefully with persistence and patience they will come. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 09/14/2008 : 22:45:51
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I was going to mention on the stats thing that I have kept the results on a spreadsheet from day one. I am a small time hand sorter but this could be used for any level of activity I guess. I keep track of # of 1959-82 coppers, # wheat cents, and # of Canadian cents. I also keep track of percentages, where I picked up the coins, where I dumped them and any notes.
At the bottom of the spreadsheet are numbers that indicate frequency (i.e. # wheats on average per box of 2500 cents, # coppers per, # Canadian cents per) as well as an annual projection. If anyone here wants it and has Microsoft Excel 2003, I would be glad to send it over. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/15/2008 : 03:29:11
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| It is really interesting to see your stats posted. I did detailed counts when I did my early test hand sorts. After a few boxes I stopped all the detail. Now I buy coins from various banks and dump the rolls into bins. Next I unroll 4 boxes of pennies at a time into each bin while I watch TV. Then I move the 1/2 full but heavy bins to the basement for sorting. I judge my approx percentages by how many pennies are in the Cu vs reject bin when one gets full (usually about the same time). Since all bins are standard size and I'm running about 50% Cu I can sort three bins of raw into a nice full Cu bin that is too heavy to move very far, and a much lighter and very full "other" bin. I then seperate all the US Zinc for rerolling and return to Bank of America before rerolling all the Cdn Zinc and Steel for spending or depositing in Canada. |
“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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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 09/15/2008 : 12:02:52
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| legacypac: you are getting 50% copper? WOW! |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 09/16/2008 : 12:53:32
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quote:
Originally posted by CoinHunter53562
quote:
Awesome find. I get excited when I find wheat pennies too.
Before I found this site and knew about keeping stats, etc. on each roll my best find was two rolls--almost back to back--that each had four wheat pennies and one steel penny each. Since I started keeping my stats the best has only been three in one roll. And that has only happened once.
Thanks...hang in there. I get about 1 wheat per 4.5 rolls on average so anytime there is more than one wheat in a single roll I get a bit excited. I think my previous best before this roll was maybe 5 or 6 in a single roll. I have yet to join the steel penny club or the Indian Head club but hopefully with persistence and patience they will come.
I think I will have to put myself into the "I don't believe there are any IH in the wild" club. I have a couple from quite a few years ago when we had our own business but none since.
And, at the mere mention of spreadsheets my eyes glaze over. Would you all believe I write it all down by hand in a composition book??? I only do what I must on a computer. They sense my fear and act up everytime I am in their presence for very long. 
Continued great success in your searches. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 09/16/2008 : 13:44:12
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| I don't even count my coppers, I just dump them in a tub and get to rolling the zincs up for now. as far as my percents I can guess from how many zincs I roll up and what I have to replace out of pocket to get another box, which is around 25% to 30% at the moment. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 09/16/2008 : 16:50:18
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quote:
Originally posted by PreservingThePast
quote:
Originally posted by CoinHunter53562
quote:
Awesome find. I get excited when I find wheat pennies too.
Before I found this site and knew about keeping stats, etc. on each roll my best find was two rolls--almost back to back--that each had four wheat pennies and one steel penny each. Since I started keeping my stats the best has only been three in one roll. And that has only happened once.
Thanks...hang in there. I get about 1 wheat per 4.5 rolls on average so anytime there is more than one wheat in a single roll I get a bit excited. I think my previous best before this roll was maybe 5 or 6 in a single roll. I have yet to join the steel penny club or the Indian Head club but hopefully with persistence and patience they will come.
I think I will have to put myself into the "I don't believe there are any IH in the wild" club. I have a couple from quite a few years ago when we had our own business but none since.
And, at the mere mention of spreadsheets my eyes glaze over. Would you all believe I write it all down by hand in a composition book??? I only do what I must on a computer. They sense my fear and act up everytime I am in their presence for very long.
Continued great success in your searches.
Lol....it's weird but I am the opposite. I do everything on spreadsheets. I opened a business with a buddy of mine and we both have Quick Books Pro 2008 for doing invoicing and bookkeeping but after trying that for 2 weeks I switched everything manually to a spreadsheet. I can get the same reporting and details using that. I think I must have been an accountant in my former life. Wait that's not true, as one would know how to use Quick Books right?  |
My hobby: collecting real money 1 copper cent or nickel at a time.
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/16/2008 : 20:30:41
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quote:
Originally posted by kavajava
legacypac: you are getting 50% copper? WOW!
Sorting in Canada is way more expensive then in the US! Since I keep 1/2 the pennies I buy, I have to pull more paper cash out of my pocket to buy more coin every week then you guys do. I just don't have near the zincs to deposit to fund more pennies.
Canada dealt with the same spikes in copper prices as the US did. The US Mint dropped copper in 1982 (as we all know), but the RCM followed another path.
Grab some Canadian pennies you have found and compare them closely. Canada reduced the weight (thickness actually) of the 98% Cu penny in 1980. Then in 1982 they chopped off 12 sides from the coin. Those 12 sides seem minor, but 12 sides X a bazzillion pennies adds up. In 1997 the Mint finally succummed to inflation and changed to a (round again) zinc based penny.
As you know, the US has been struggling to make zinc pennies at a profit for some years. Same problem in Canada. After extensive research and development of a new plating technology, in 2000/2001 the Mint introduced plated steel pennies (and other plated steel coins). They still made some zinc pennies for a few years, but now they are all steel.
There are a LOT of pennies in those 14 extra years of Cu in Canada vs the US (1982-1996). Hence the 50% Cu in Canada vs 10-20% Cu in the US. You must be logged in to see this link. shows the relative values in US dollars.
I expect that the US Mint will move to steel pennies just like Canada did. They present no issues that can't be solved easily for the vending machines and other coin accepting places. The change will wait till after the 2009 100th anniversery of old Abe's mug on the coin. |
“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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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 09/17/2008 : 18:41:20
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Its nice to get a good one every once in awhile. When I first started collecting wheats, about a year and a half ago, it was common to find 25-45 wheats in nearly every box. I wish I had been more diligent in the early going. Today I bought a total of $69 and only got 10 wheats. Of that $69, $29 was what a customer rolled up and turned in. I saw them give them to the teller as I was standing in line. That $29 only had 3 wheats. The time before that when I bought someone's turned in pennies, I got and indian head. You never can tell. I have $143 to sort.(coppers only, wheats already sorted) I'm goin' in.
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mingusdew
Penny Sorter Member
64 Posts |
Posted - 09/18/2008 : 00:04:26
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quote:
Originally posted by CoinHunter53562
I was going to mention on the stats thing that I have kept the results on a spreadsheet from day one. I am a small time hand sorter but this could be used for any level of activity I guess. I keep track of # of 1959-82 coppers, # wheat cents, and # of Canadian cents. I also keep track of percentages, where I picked up the coins, where I dumped them and any notes.
At the bottom of the spreadsheet are numbers that indicate frequency (i.e. # wheats on average per box of 2500 cents, # coppers per, # Canadian cents per) as well as an annual projection. If anyone here wants it and has Microsoft Excel 2003, I would be glad to send it over.
wow, glad i'm not the only stats geek here. I've been recording the results from each box since April or so, and have been logging virtually the same info. I generally only get about 10 or so wheats per box, seems like that's low compared to some people.
I also calculate an estimated value of the resultant zinc waste, by weighing the entire reject pile and dividing it by weight per coin. This info has helped me determine which local bank sorting machines are most accurate in their final counts. Some machines have shorted me as much as a couple $$$ on zinc returns. It's good to have an idea which machines give poor counts, so you can avoid them accordingly. |
If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month.
-Theodore Roosevelt
Fortune favors the informed. |
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n/a
deleted
3 Posts |
Posted - 09/19/2008 : 22:16:06
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| I've been lurking here for a couple of months and thought I'd join in the conversation. I found an odd box myself a few weeks ago. Chock full of 1968-S and 1971-S in AU and some in BU condition. Too bad many of the AU ones had fingerprints on them. No wheats. The box was almost solid copper, but there were some shiny new 2008's and other zincs mixed in. It was as if someone dumped some old, searched through uncirculated bags into a coin roller along with some pocket change. I picked up four boxes during that trip to the bank but only one had the oddity. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 09/19/2008 : 23:15:55
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quote:
Originally posted by NebHoarder
I've been lurking here for a couple of months and thought I'd join in the conversation. I found an odd box myself a few weeks ago. Chock full of 1968-S and 1971-S in AU and some in BU condition. Too bad many of the AU ones had fingerprints on them. No wheats. The box was almost solid copper, but there were some shiny new 2008's and other zincs mixed in. It was as if someone dumped some old, searched through uncirculated bags into a coin roller along with some pocket change. I picked up four boxes during that trip to the bank but only one had the oddity.
Welcome aboard NebHoarder! Sounds like you had a nice box there as you probably had a high copper percentage and a good handful of S-mint coins. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/20/2008 : 01:11:38
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Indeed, welcome NebHoarder. Glad you decided to join. Now post away!
Deal
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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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Odd penny box today
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