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byro007
Penny Collector Member
USA
399 Posts |
 Posted - 09/23/2008 : 20:02:24
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Someone sent me a response to my CL ad on copper pennies for sale . What would be a fair trade for 1400.00 face in copper pennies for 90%silver coins? He offered me 90% coin at a rate of $7.25 in copper per $1.00 silver. He also lives about an hour from me and I am wondering if you guys think this is a good trade or what you would suggest for a trade. thanks
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Kurr
1000+ Penny Miser Member
2906 Posts |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 09/23/2008 : 20:22:55
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| There are several here who sell copper pennies. I think the going rate is about 1.5 to 1.7 times face for copper pennies. Accordingly, $7.25 face in copper pennies might be sold for $11 or so. $1.00 face of 90% silver is worth $10.13 today according to the melt values on coinflation.com. With silver going up, I might make this trade if I were you -- especially since physical silver is hard to come by these days. My usual dealer sold completely out of 90% this past weekend. |
"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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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/23/2008 : 20:36:20
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| Yes that is the way I am leaning to with physical silver and I do belive the prices are going to go up. I also think that is about what everyone is getting per penny on here and with silver it is more of a liquid asset. |
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fb101
Administrator
USA
2856 Posts |
Posted - 09/23/2008 : 20:37:14
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| I'd take it. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/23/2008 : 21:14:47
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| You can relatively easily find more pennies at face - much harder to find silver for face. If you don't take the deal someone here will. |
“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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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 09/23/2008 : 22:03:09
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| Any time you get to trade up the table of elements at close to par, you usually should. |
There's profit if you melt things!!
8{> |
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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/24/2008 : 12:31:23
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| I am going to do the trade tommarow. I am giving him 1400.00 face in copper pennies and he is giving me 200 face 90% silver. I negotiated him down to 7.10cu per 1.00 face ag. I like the deal. I hope he has some more later on and he wants to do another trade |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 09/24/2008 : 12:51:29
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| sounds like a pretty fair trade--I would also rather have the silver at this point... |
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n/a
deleted
146 Posts |
Posted - 09/24/2008 : 17:02:13
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| Wow would I love to have a chance to do a deal like this one...I say take it :) |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 09/24/2008 : 17:26:35
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I sure hope your car can withstand the weight. That's the better part of half a ton of copper.
Any repair work needed for your car would kill this deal.
Good luck tomorrow! |
"99% of all lawyers give the rest of them a bad name" 
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 09/24/2008 : 17:34:32
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quote:
Originally posted by moboman
I sure hope your car can withstand the weight. That's the better part of half a ton of copper.
Any repair work needed for your car would kill this deal.
Good luck tomorrow!
I don't know what your car is, but this is like 5 large men riding in it. Don't put it all in the trunk! |
"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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natsb88
Administrator
USA
1850 Posts |
Posted - 09/24/2008 : 17:50:27
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quote:
Originally posted by moboman
I sure hope your car can withstand the weight. That's the better part of half a ton of copper.
Any repair work needed for your car would kill this deal.
Good luck tomorrow!
I've pulled that much in stone with a lawn mower. I think about 98% of 4-wheeled vehicles on the road can handle 1000 pounds, so long as it's distributed evenly. I've seen Ford Metros packed with families that clearly weigh more than $1400 face in copper  |
Nate
The Copper Cave
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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/24/2008 : 20:12:15
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| I will evenely distrubute the weight over my car. My car might look a little funny driving to this guys house though. On the way back my car will sure get a sign of releif. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/25/2008 : 06:04:51
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Be careful. I hope you are meeting in a public place. Or you are taking some protection....
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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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/25/2008 : 06:28:51
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| I am actually meeting him at his house but I do carry protection. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/25/2008 : 06:38:35
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His house huh. Just be aware. A lot of variables in an unknown house. A lot of hiding places. Maybe bring a friend to come with you and help unload and watch. Or someone to at least stay in the car. I'm just looking out.
Deal
p.s. By protection you are not talking about mace or something. |
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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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/25/2008 : 06:49:41
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Deal thanks for looking out but no im not talking about mace. Talking about my Glock.
I am still a little uneasy about goin to his house and I am not able to find anyone to come with me so I will just have to be extra carefull and if i see anything out of place I am outta there. I just think it is easier to go there as I will have to unload amost a 1,000 pounds of copper with him. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 09/25/2008 : 08:39:59
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quote:
Originally posted by byro007
Deal thanks for looking out but no im not talking about mace. Talking about my Glock.
I am still a little uneasy about goin to his house and I am not able to find anyone to come with me so I will just have to be extra carefull and if i see anything out of place I am outta there. I just think it is easier to go there as I will have to unload amost a 1,000 pounds of copper with him.
Just a thought, but you might ask for the silver before you start unloading all of that copper. |
"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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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/25/2008 : 13:48:58
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| I just got back from the trade with coins and I am still alive. He was a young guy about 22-25 or so and he was very pleasent to talk to. I didnt even have to go into his house. I just dropped them off by his porch and did the trade from there. I did get alot of bu rolls of dimes mostly in the 60s and bu quarters the rest was just a mix. I will post all what I got on here one of these days soon. Thanks to all for the advice. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 09/25/2008 : 16:52:38
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| haha and you thought you might have a problem.. Thats great that the transaction went smooth |
Inquiring minds want to know |
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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/25/2008 : 20:35:09
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| thanks |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/25/2008 : 20:58:26
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Glad everything went well. Better safe than sorry. I eagerly await the final tally.
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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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/26/2008 : 04:54:45
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Here is what I added up so far:
14-1964 Kennedys
10-Franklins(2-52,1-57,2-58,2-62,3-63)
31-Walkings Libertys(1-17?,2-20,1-34,3-35,1-36,2-37,1-39,3-40,2-41,9-42,1-43,3-44,3-45)
138-Washington Quarters(1 BU roll)
5-Liberty head quarters(mostly pretty worn,1909-1907-1916-1897-1914)
3-Standing Liberty quarters(1929-1930-?)
the rest are dimes and I will take a little bit to add up the mercs and rosies |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 09/26/2008 : 10:15:24
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| Thats nice little mix and very nice to get a bu roll of quarters |
Inquiring minds want to know |
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Would this be a good trade or not?
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