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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 03/29/2007 : 01:53:06
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Full box of $25(2500 cents)
601 copper (25.24%)
25 wheat
5 candian
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RUNNING TOTAL:
2223 Copper
43 wheat
20 canadian
1 Guatemala coin?(1979)What is this made of?
and a 250gram .999 pure copper bar(Jetco USA) |
Edited by - Ridewithme38 on 03/29/2007 02:02:23 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/29/2007 : 03:24:09
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quote:
Originally posted by aloneibreak
had time for 15 rolls tonite
531 zincs
200 coppers
18 1982's
0 wheats
1 canadian 1992
200/750 = 26.6%
got a couple boxes im waiting to get to - just been workin too much overtime
I know how that is.. I just got home from work myself. I have about 80 boxes I'm waiting to get to.. and I am picking up 12 more in the morning.
The good thing is I got a great new cart delivered today that I bought on ebay. It has a flat platform and will handle 300 kg (660 pounds) It is perfect for hauling pennies out of the bank without compressing my spine.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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deleted
37 Posts |
Posted - 03/29/2007 : 08:10:27
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You haul pennies out of the bank on a cart.
How about being less obvious to what you are doing, as nothing can be positive from doing such a thing. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/29/2007 : 12:06:36
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quote:
Originally posted by SNOOPY
You haul pennies out of the bank on a cart.
How about being less obvious to what you are doing, as nothing can be positive from doing such a thing.
Can you think of a better way to haul 190 pounds of pennies? Criminals are basicly lazy. They are just like the rest of the public.. they don't want pennies either. They would much rather rob the guy that just got a wad of nice easy to carry folding money out of the ATM. I suppose I could throw a tarp over the stack of pennies.. but that wouldn't fool anyone, would it? Actually the bank where I do my major pickup and use a cart, I do it during hours when there is noone else around.. they go from bank to trunk in just a few minutes. The downside of wanting to sort lots of pennies is you have to buy and lug lots of pennies. Just think what I am saving on gym membership with this penny workout though.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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n/a
deleted
37 Posts |
Posted - 03/29/2007 : 13:09:59
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Interesting
All the best. |
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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 03/29/2007 : 13:46:22
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Damn i wish i had the funds to buy carts full of pennies from banks!! Or the time to sort through 12 box's! Thats amazing HoardCopperByTheTon!!
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RUNNING TOTAL:
APROXIMATELY..i forgot to count a box!!
2824 Copper
68 wheat
25 canadian
1 Guatemala coin?(1979)What is this made of?
and a 250gram .999 pure copper bar(Jetco USA) |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/29/2007 : 16:38:37
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I use a millitary tactical harness to starp 1 box of nickels to my back and one to each side. Then I carry 2 boxes in each arm, for a total carry capacity of 7 boxes. If I'm getting more than that, I take 2 trips.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/30/2007 : 03:36:45
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quote:
Originally posted by Ridewithme38
Damn i wish i had the funds to buy carts full of pennies from banks!! Or the time to sort through 12 box's! Thats amazing HoardCopperByTheTon!!
Oh, I'm not so sure I have either. I recycle the funds by cashing in the zinc ones as I get them sorted. Today I bought 12 boxes (600 rolls) and only sorted 20 rolls. Do you see a pattern here? Maybe that's why there are walls of pennies sitting around here waiting to get sorted. Damn, I need one of those machines bad. Seems I buy more pennies than nickels. Today I got 12 boxes of pennies and only 3 boxes of nickels. The pennies are much more affordable. This is my weekly order from this particular bank. The bank guy told me today that their central vault where they ship the coins to this branch from told him they were running low on coins and were not sure about being able to fill next week's order. I asked "Should I up my weekly order so I can run them out of coins and then they will have to get me some new, shiny nickels?" He said no, but that my weekly order was not a problem and he would get my order for next week in early so they could try to accomodate me. I didn't even have to use my cart.. the bank put them on their cart, wheeled them out, and loaded them in my trunk for me! How's that for customer service? Especially for a guy that only has 10 bucks in his account. They asked if I wanted any of the suzy or Sacky dollar coins. Just to be nice I took 60 of them. They loved me for it. If you want to get in the good graces of your bank offer to buy all their dollar coins. They always have to ship them back to the fed because noone wants them. If you take the dollar coins off their hands and just go out and spend them they will definately treat you right when it comes to your coin orders.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/30/2007 : 03:54:26
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quote:
Originally posted by Canadian_Nickle
I use a millitary tactical harness to starp 1 box of nickels to my back and one to each side. Then I carry 2 boxes in each arm, for a total carry capacity of 7 boxes. If I'm getting more than that, I take 2 trips.
Don't you just hate how it seems every time you are strapped down like that the only parking spot available is at the very far end of the bank's parking lot? <WEG> Damn, Canadian_Nickle you are a stud! It is all I can do at my smaller pickups to tote out 6 boxes of coins in 2 cloth grocery sacks (a box of nickels and 2 boxes of pennies on each side). If you figure Canadian steel core nickels are lighter than US nickels but that each box contains about 25% pure nickel nickels which are heavier that would make the weights about the same, so you are carrying about 160 pounds of coins.. or do you just convert the weight to kilograms so that they seem lighter?
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/30/2007 : 04:07:55
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Sorting Report for today:
20 rolls customer wrapped pennies
211 copper
4 wheat
4 Canadian
21.1%
Buying report for today:
12 boxes bank wrapped pennies
3 boxes bank wrapped nickels
60 Suzy and Sacky Dollar coins
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 03/30/2007 : 09:25:08
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Man, I love my Ryedale Coin Artist!!!!!!
In just a few hours before work today, I sorted 8 more boxes (20,000 coins)....31% Copper.
In just the past week, I've hoarded over 100 lbs of copper.....and returned a little more than 230 lbs of zinc. That's nearly 50,000 coins sorted! Some day, I'll go "Wheatie" prospecting in the hoard...for now, just rat holeing them in 3 gallon cat litter pails.
Pretty much everything near Flint, Mi runs about 30% Cu......that said, I've passed on a few boxes that looked to be brand spankin' new 2007's.
40 year old guy trying to look out for my family. My great country is headed for the dumpster....and worst yet, no one knows/cares it is happening..... |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/30/2007 : 11:13:54
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quote:
Originally posted by c140cessna
Man, I love my Ryedale Coin Artist!!!!!!
In just a few hours before work today, I sorted 8 more boxes (20,000 coins)....31% Copper.
In just the past week, I've hoarded over 100 lbs of copper.....and returned a little more than 230 lbs of zinc. That's nearly 50,000 coins sorted! Some day, I'll go "Wheatie" prospecting in the hoard...for now, just rat holeing them in 3 gallon cat litter pails.
Pretty much everything near Flint, Mi runs about 30% Cu......that said, I've passed on a few boxes that looked to be brand spankin' new 2007's.
I am sooooo jealous. I gotta get me one of those machines! Those are some amazing stats. What is the most coins you have sorted in one day or one weekend?
When you return the zinc rejects do you get to return them in bulk or do you have to roll them up?
Cat litter pails, huh? Now I know why my cat is always pawing in my copper penny bin. And here I thought she was just trying to help me sort.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/30/2007 : 11:46:13
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I'm too lazy to sort by hand so I considered the Coin Artist that is currently seeling for $600 (plus shipping?). Assuming that you make 1 penny on every copper that you find, you will need to find 60,000 copper pennies to break even. If you are getting 25% copper pennies, you will need to sort 240,000 pennies to break even. 240,000 pennies is 96 boxes. I figured that given how much time I have to devote to my hoard that it would take me about 10 weeks to gather enough penny boxes to break even.
As such I am hoarding nickels and unsorted pennies for now. There is alway the chance that all pennies will become nickels (as purposed that the Fed Bank guy). If that happens, all the sorting will be for naught. If on the other hand I do manage to collect a million or so pennies and it becomes clearly profitable to sort the coppers (copper prices stay high, melt law goes away, market for them develops, etc), I can always sort them then (2 years down the road or so).
Now if I had the time to collect, sort, and return 25+ boxes of pennies a week, that would be a different story. |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 03/30/2007 : 19:11:04
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Just bought my frist box of nickels(I've only bought a few rolls before). I found one 1944-S war nickel in the bunch. There were also three canadian nickels but they were steel. Also when the teller went to go get my box I peaked over into her tray and saw a 40% silver .50 cent piece. It was a 1967, so I bought that too. I thought that was a pretty good box to start off with. Its always a good day when you find some silver. Also a few weeks ago one of my buddies had a party and I helped him clean up the next day. I found on the floor a 1880 canadian ten cent piece. Im not exactly sure what year it was I could only read the 188, but it was the oldest coin I have ever found. I thought our friends in canada might get a kick out of that.
david |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/30/2007 : 19:33:17
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Nice! those 1800's dimes are all sterling .925 silver.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/30/2007 : 19:35:52
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Now that I have my coin artist, I smanaged to swing some funds from a hard-money investor to increase my sort capacity. Next week I have 7 boxes of nickels coming into one bank, 6 boxes each at 2 others, and 5 boxes each at two more local branches that may take another week to come in. Look for some big sort reports starting next wed/thurs.
________________________
"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
How to read a HoardCode:
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 03/30/2007 : 20:27:27
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Wow I wish I had the funds to go though and save the amounts you guys are doing. keep up the good work to all and good luck with your percentages.
david |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/31/2007 : 03:49:42
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quote:
Originally posted by davycoppit
Just bought my frist box of nickels(I've only bought a few rolls before). I found one 1944-S war nickel in the bunch.
Congrats on getting a Silver nickel in your first box, David. I think I get 1 silver nickel out of every 3-4 boxes so I got a little burned out on sorting nickels and went back to sorting pennies. That is great that you got a 40% Silver Half too. I always ask for half dollars whenever I go to one of my banks.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/31/2007 : 04:41:50
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quote:
Originally posted by horgad
I'm too lazy to sort by hand so I considered the Coin Artist that is currently seeling for $600 (plus shipping?). Assuming that you make 1 penny on every copper that you find, you will need to find 60,000 copper pennies to break even. If you are getting 25% copper pennies, you will need to sort 240,000 pennies to break even. 240,000 pennies is 96 boxes. I figured that given how much time I have to devote to my hoard that it would take me about 10 weeks to gather enough penny boxes to break even.
Now if I had the time to collect, sort, and return 25+ boxes of pennies a week, that would be a different story.
I was doing some calculations similar to you earlier today and came to pretty much the same conclusion. I assumed you would have to discount the copper off of spot price if you wanted to move it rather than just keep it in your hoard so my required #'s came out slightly higher. If you had the coins available and you had the machine, you could theoreticly sort that many pennies in one weekend with that machine. I actually have about 100 unsorted boxes in stock right now since I seem to be much better at aquiring than sorting.. so it would make sense for me to get the machine.. it could pay for itself in one weekend. How is that for a ROI? What is the most pennies anyone on the board has reported sorting in one day or one weekend? Don't forget, if you don't have to have all the bells and whistles, Rydale does offer a stripped down version of the machine without the counters of $100 less, so your required # of coins to pay for the machine would be lower. I also approached the same question from another direction. If you have unsorted boxes of pennies then you have working capital tied up in zinc. Assuming the same 25% yield ratio, then 75% of all your unsorted pennies represent capital tied up in zinc. You have to sort those boxes of pennies to free up that capital. By this calculation you would only need to sort about 32 boxes of pennies to free up enough capital to buy the machine at $600. So if you are more than 32 boxes behind in your sorting it makes sense to buy that machine. Which would you rather have your working capital tied up in.. zinc pennies or a machine that automates your sorting operation giving you vastly increased sorting capacity and is much less error prone than hand sorting? I know my sorting is not keeping up with my buying so it certainly makes sense for me. Even though I had a pretty good day sorting today, I only sorted 40 rolls, but I acquired 346. I guess I fall in that 20-25 box a week category where it definately makes sense to buy the machine.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/31/2007 : 04:52:52
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Sorting Percentages for today:
I actually sorted 3 different batches today.. but I am still falling way behind.
Batch 1:
10 Rolls customer wrapped pennies
114 copper
22.8%
Batch 2:
20 Rolls bank wrapped pennies
184 copper
4 wheat
1 Canadian
18.4%
Batch 3:
10 Rolls Customer wrapped pennies - picked up this group today
196 Copper
39.2%
Coin Buying Report for today:
Washington Mutual - Livermore
17 Rolls Bright shiny new Washington Dollars
320 Rolls customer wrapped pennies - They told me these came in from a customer who brought in all she could carry for 3 straight days after rolling up what her husband had dropped in an Alhambra water bottle. To quote my favorite animated corpulent adolescent "Ssweeeeeeeeeeeeeeeeeeeeeeet!" See batch 3 of sorting report above.
Work:
6 Rolls bank wrapped pennies from daily Loomis cash drop off.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
Edited by - HoardCopperByTheTon on 04/01/2007 11:16:42 |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 04/02/2007 : 15:15:36
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Picked up 20 dollers in nickels today. Out of that got 1 pure canadian nickel. There were also quite a few pre 1960 nickels. No war nickels however.
david
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Frugi
Administrator
USA
627 Posts |
Posted - 04/02/2007 : 15:33:37
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Bought 200 customer rolled cents on Friday. This was a lucky find and the teller was extremely happy to rid herself of them & so was I. Here are the counts.
10,000 Lincoln Cents
6,352 Zn
3,621 Cu
22 Wheats
5 Cu Canadian
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/03/2007 : 00:54:06
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quote:
Originally posted by Frugi
Bought 200 customer rolled cents on Friday. This was a lucky find and the teller was extremely happy to rid herself of them & so was I. Here are the counts.
10,000 Lincoln Cents
6,352 Zn
3,621 Cu
22 Wheats
5 Cu Canadian
Wow, over 36%! Great find Frugi. You must be using a machine to sort those kind of #'s.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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n/a
deleted
132 Posts |
Posted - 04/03/2007 : 04:58:54
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20 Rolls
202 Copper
2 Wheat
3 Canadian
Hummmm........3 gallon cat litter pails
Now thats an good idea ! Better than my empty
1 gallon paint cans.
The paint cans will hold 100 rolls of cents and
is roughly 35 pounds so a good guess would be
300 rolls + or - and weigh approx 100 to 110 pounds.
"To the uninformed, pocket change.
To the informed, an investment." |
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Frugi
Administrator
USA
627 Posts |
Posted - 04/03/2007 : 07:50:15
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I wish I could say that I am using a machine or a coin artist, but the fact of the matter is I'm not. I envy all of you guys that have gotten a machine from Ryedale. I am getting married in Sept. and I can't seem to find any extra money for anything right now. If I bought a coin artist I wouldnt be able to buy any coins. I do plan to buy one, I just need more time to raise the funds. I enjoy hand sorting anyway.
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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Sorting percentages II & buying reports
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