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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/07/2007 : 01:50:56
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Sorting percentages for today:
20 Customer wrapped rolls of pennies
318 Copper
4 Wheat
2 Canadian
31.8%
Buying Report for today:
Washington Mutual - Livermore
10 Shiny new rolls of Montana quarters
15 Rolls Customer wrapped pennies
Wells Fargo - Richmond
2 Boxes Bank wrapped pennies
Got my first kitty litter container yesterday for storing pennies.. courtesy of the cat at work. Who was it that suggested those? They are great! They sure hold a lot of pennies. Now I am giving the cat at work more tasty treats and such.. trying to get her to go more often. I think my cat at home is going to be changing brands next week too.. so I can get more of those nice sturdy containers.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
Edited by - HoardCopperByTheTon on 04/07/2007 02:14:53 |
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59 Posts |
 Posted - 04/07/2007 : 10:33:47
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by Wes
4 rolls today: 97/200 = 48.5% copper
Small quantity but nice percentage 
Those are some sweet rolls, Wes. Where did you get them? Or have been holding on to them for several years?
Just my local Wells Fargo. Two rolls were loaded with new zinc, but the other two were almost all copper. They were customer rolled and clearly came from a stash that had been held for some time- nothing newer than about 1985, and the 70's pennies still had some shine. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/07/2007 : 11:04:46
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quote:
Originally posted by Wes
Those are some sweet rolls, Wes. Where did you get them? Or have been holding on to them for several years?
Just my local Wells Fargo. Two rolls were loaded with new zinc, but the other two were almost all copper. They were customer rolled and clearly came from a stash that had been held for some time- nothing newer than about 1985, and the 70's pennies still had some shine.
[/quote]
Looks like you hit a main vein in this copper mining game of ours. Better get back and get the rest of that stash before someone else jumps your claim. Customer rolls are best. My sorting percentages have been running about 20%, maybe 25% on a good batch, but I scored 160 Customer wrapped rolls from one of my banks last week that the teller told me were turned in over a period of 3 days by a lady wrapping up all the coins in her husband's Alhambra bottle. My percentages jumped into the low 30's when I started sorting those.
"Customer wrapped rolls are like a box of chocolates.. you never know what's inside"
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Frugi
Administrator
USA
627 Posts |
Posted - 04/07/2007 : 23:31:21
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40 rolls of FED rolled cents in clear plastic.
2000 cents
1602 Zn
398 Cu
At just under 20% Copper these have been my lowest counts in a long time. There was about 10 rolls that were mixed dates and all zinc with no copper at all. With the FED rolls I find I either get high20's or low30's percentage usually..
I also bought 3000 Mixed dates wheat backs at $0.04 each. After searching those I came out with about 150 from the teens, and about 200 from the 20's & 30's. I also got one 1909. All the other 2500 or so were 40's & 50's dates.
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/08/2007 : 01:58:54
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Today was really a lucky day! I found a blank planchet in one roll and in another roll I found 12 wheat pennies. Of the 12 wheat pennies, one was dated 1918, one was a 1925-s and there was one in the group which looked all green and yucky.. what I normally call an Irish cent. Turns out it wasn't that green verdigo that eats into the copper pennies and corrodes them.. it was just some kind of green clay that wiped right off. When I wiped it off, underneath was a 1912-S in VF condition! I never expected to get one of those in a roll.. especially in that condition! It is much nicer than the one in my collection. Then to cap things off, I went to a company safety dinner tonight and they were drawing for a few prizes.. I won a 13" Flat screen TV! Damn, I should have bought a Lotto ticket today.
Sorting percentages for today:
10 Rolls Customer wrapped pennies
124 Copper
13 wheat cents
2 Canadian
1 Blank Planchet
24.8%
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/08/2007 : 02:25:14
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Turns out my last post was an understatement. Right after I made my last post I decided to clean up my desk a little. I had just finished putting the copper and zinc coins in their proper bins and I decided to look at a small pile of wheat cents I had poured out on my desk from a large baggie earlier today because I needed the baggie to ship out 2500 copper cents that I had sold on eBay. I have no idea how long I have had that baggie of wheat cents or where I bought them from. Went through a couple of common dates and then picked one up and it was a 1909-S! I thought Wow.. it really is my lucky day.. what a great find! Slowly.. I turned it over to check the other side.. and OMG!!!... There is the VDB.. and it don't stand for Very Dark Brown. This coin fills the last hole in my penny book.. I never thought I would find one of these.. and I would have had to sort a lot of copper pennies to fill that hole. If I had finally taken the plunge and bought one of these it probably would have only been in G or VG.. the coin I found is a VF!!!
Going to the casino tomorrow and I'm gonna throw a few bucks into the MegaBucks machine.
I still can't believe I found a 1909-S VDB! This is going to make a great show and tell for coin club this month.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 04/08/2007 : 09:21:30
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Good job Hoard,
I was going through a box of concentrate (off a machine) and while looking through the copper for wheat's, I found a wheat pennie that looked a little funny on the back. Turning it over it was a 1943.........For just a split second I thought I had something big. However it was a steel that somebody painted gold. I just had to laugh. I checked it on a magnet and it stuck.
Nice to hear that the good coins are still out there. Ryedale
Ryedale
Hoard Copper Pennies,
The market will develop |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/08/2007 : 10:04:10
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quote:
Originally posted by Ryedale
Good job Hoard,
I was going through a box of concentrate (off a machine) and while looking through the copper for wheat's, I found a wheat pennie that looked a little funny on the back. Turning it over it was a 1943.........For just a split second I thought I had something big. However it was a steel that somebody painted gold. I just had to laugh. I checked it on a magnet and it stuck.
Nice to hear that the good coins are still out there. Ryedale
Thanks Andy. Sorry your 43 cent turned out to be steel. I was totally shocked to find a 12-S in a roll of pennies yesterday. I never thought I would get one of those from circulation. And then last night.. Can you imagine how hard it was for me to go to sleep last night? That hole has been staring at me for 35 years! It was like 1 in the morning here.. and everybody was asleep. I just had to tell someone. And what better place than to share it with my fellow hoarders on this board.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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43 Posts |
Posted - 04/08/2007 : 11:17:13
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"2500 copper cents that I had sold on eBay."
what's the going price? I'm too lazy to check ebay.
"Preserving coinage by the pound" |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/08/2007 : 19:46:29
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quote:
Originally posted by John Law
"2500 copper cents that I had sold on eBay."
what's the going price? I'm too lazy to check ebay.
Like anything sold on eBay, the price can vary wildly. This particular batch was a second chance offer at $44. The winning bidder won one for $45. This week it only went for $33. There really isn't a very strong market for these yet. I even had a box of BU 2006-D cents that went below face at 17 and change. Guess I was due for some good luck.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Frugi
Administrator
USA
627 Posts |
Posted - 04/09/2007 : 15:18:43
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Got to work today and opened a dime roll into my register and found a silver dime. 1958d.
I bought the dime from my drawer and 18 new nickels for face value of $1.00.
By doing this I have increased the value my $1.00 to $2.5874, WOW!
I made $1.5874 profit for 2 sec of my time.
If only I could do this all day long.
That would be:
$47.63 profit per minute per $30.00 investment. or
$2857.80 profit per hour per $1800.00 investment. or
$22862.40 profit per 8 hour shift per $14,400 investment.
We all know I won't find a silver dime in my nickel roll every time so let's think probability. If let's say CuNi becomes valuable enough to where Jefferson nickels would be purchased according to the actual value of the metal not necessarily the assumed value .
Just because a coin contains copper worth something and nickel worth something doesn't mean you get to add the two together and assume you have that much in value.
So for the Jefferson nickels we are either assuming a market will develop for CuNi making the value of a nickel worth at least $0.0889196 at current levels according to You must be logged in to see this link. OR
we are hoping a innovative and cheap process is developed for seperating Cu from Ni. To date the cost of this process is expensive and there is a considerably higher risk of health related hazards involved in refining dirty Cu and/or contaminated Ni.
So if the ban is ever lifted, and lets say Ni increases in value enough to allow for mass melting of nickels and smelters were paying $0.0889196 per nickel & you don't have to sort them, but you must open each roll and remove the paper, lets say this takes about two seconds per roll; then just by buying nickels from the bank RIGHT NOW would mean a profit of:
REMEMBER NO SILVER DIME THIS TIME & TWICE THE INVESTMENT
$46.80 profit per minute per $60.00 investment. or
$2808.00 profit per hour per $3600.00 investment. or
$22464.00 profit per 8 hour shift per $28,800.00 investment.
CAVEAT EMPTOR: The findings of this ramble my not be 100% accurate and have not been double checked for accuracy. In addition costs of labor other than my own are not figured in wth the profit, along with transportation costs are also not figured in with the profit, and the rise of inflation starting from the time at which you buy until the time at which you sell. I really starting rambling because I just love metal especially finding silver in circulation.
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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Edited by - Frugi on 04/09/2007 15:22:20 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 04/09/2007 : 23:50:31
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Got a 1924D penny today, in pretty good condition. Not bright or anything, but I see they are commonly selling on ebay for about 35 to 40 dollars. Am I figuring right in saying that I made a 350,000% increase assuming I sell it for $35? Sounds so silly but I think that is the actual percentage. I only paid $.01 for it. I love silver and gold, but dollar for dollar the recreation factor of penny hoarding is much more fun.
Ryedale
Hoard Copper Pennies,
The market will develop |
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37 Posts |
Posted - 04/10/2007 : 14:37:39
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I made a strategic error today. I went to the bank I always use to drop off my zincs. (I go to Commerce for the free coin counter) and while I was there picked up a $25.00 box. (which I never have done before)
Before I even began sorting I knew I was in trouble. The pennies were machine wrapped with generic brown holders. After sorting I got a dismal %12 copper. Apparently they take the coins that have been put through the on-site counter and wrap them for thier own use. Most of them probably were my rejects !
Learned the hard way not to pick up, where you drop off  |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 04/10/2007 : 16:35:24
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Seeing as this thread is also getting very long, I propose we start a Sorting Percentages III thread on April 14th when the melt ban expires. What do y'all think?
________________________
"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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n/a
deleted
59 Posts |
Posted - 04/10/2007 : 22:24:23
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I concur on sorting percentages III.
I also had bad luck today: 24/200 = 12% copper 
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One of the chief attractions of the life of the wilderness is its rugged and stalwart democracy;
there every man stands for what he actually is, and can show himself to be.
-- Theodore Roosevelt |
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479 Posts |
Posted - 04/10/2007 : 22:37:08
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I'll start a third thread on the 14th unless one of the other Moderators beats me to it.
Any predictions on the melt ban law?
It could go either way, right?
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28 times 13 = 364
We cannot divide the 365.25 days of a year into eqwal parts.
We never have and never will.
We cannot even divide the 365 whole days or integer days into eqwal parts.
But we could have a year that is 364 days long.
I propose that we use a calendar made up of 13 months of 28 days each.
Then every five years we have a five day long party or holiday
that would serve the function that leap days now serve every four years. |
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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 04/10/2007 : 23:00:09
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Are most of us hoping it will end or that it will continue...i'm kind of hoping melting will become common place..this SHOULD increase the value of the nonmelted copper cents...help me put a little more away for my daughter
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RUNNING TOTAL: APROXIMATELY..
5359 Copper
144 wheat
51 canadian
1 Guatemala coin?(1979)and a 250gram .999 pure copper bar(Jetco USA) |
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59 Posts |
Posted - 04/10/2007 : 23:12:43
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I'll boldly predict a melt ban expiration and steel coins very soon to follow. It would be odd if they just let it expire without comment. And it just just doesn't make sense to keep making cents and nickels at a loss.
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One of the chief attractions of the life of the wilderness is its rugged and stalwart democracy;
there every man stands for what he actually is, and can show himself to be.
-- Theodore Roosevelt |
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13 Posts |
Posted - 04/10/2007 : 23:27:54
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Second ever Box:
617 copper
13 wheat
5 Canadian
25.4%
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In the land of the blind, the one-eyed man is King! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/11/2007 : 02:23:00
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I'm predicting the melt ban will stay in effect and the government will dawdle around for a couple of more years.
Sorting percentages for yesterday:
20 bank wrapped rolls
272 copper
3 wheat
27.2%
Sorting percentages for today:
10 Customer wrapped rolls of pennies
242 Copper
4 wheat
2 Canadian
24.2%
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 04/11/2007 : 23:36:35
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I predict they will let it expire buy make no noise about it. The public's mind is already poisoned with the idea that melting is illegal, therefore hoarding is pointless.
4 boxes customer wrapped Canadian nickels, plus one machine wrapped box.
2270/10000=22.7%
Also: One "Free donut" rim from a Tim Hortons "Roll up the rim to win" coffee cup. If you're not Canadian, you might not understand what I mean by that. It was stuck into one of the rolls, beside the nickels.
Oh, and, I just broke the 1/4 ton mark for my pure nickel hoard.
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Running totals:
Nickels
Sorted: 212,880
Found: 51,224
Average: 24.06%
Ni Weight: 512.24lb !!! Quarter ton!
Face Value ($CDN): $2,561.20
Melt Value (26.44$CDN/lb): $13,543.63
Profit: $10,982.43
Profit %: 528.8%!
Pennies
Sorted: 12500
Found: 5922
Average: 47.38%
Cu Weight*: 37.83lb
Face Value ($CDN): $59.22
Today's Value (3.63$CDN/lb): $137.32
Profit: 231.88%
TOTAL INVESTMENT RISK EXPOSURE: $0.00!!!
Unknown opportunity cost of having my money in coins instead of "the stock market": Don't know & don't care.
Rock.
*(Assume .006389lb avg)
________________________
"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 - 04/12/2007 : 03:08:46
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Sorting Percentages for today:
20 rolls bank wrapped pennies
175 copper
1 wheat
1 Canadian
17.5%
Coin buying report for today:
Today was a good day for coin buying! My regular bank finally came through.. after stiffing me so many times in the past. I got twice what I had ordered. The new cart got a good test today.
Washington Mutual - Livermore
24 Boxes bank wrapped pennies - About 360 pounds! My poor little Camry looked like it was driving uphill.
Loomis coin delivery at work:
6 Rolls bank wrapped pennies
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 04/12/2007 : 03:19:27
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Wow - that's quite the pile of boxes.
________________________
"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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/12/2007 : 03:35:41
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quote:
Originally posted by Canadian_Nickle
Wow - that's quite the pile of boxes.
Yeah, but I don't carry them out like you do. At that weight level I have to roll them out. The cart is rated for 300 kg (660 pounds) so I could have piled more on there.
You have to buy more, to have more, to hoard more.
And the sweet thing is the new coin lady asked how many more I would like. She said she would order for me twice a week. All my other banks only get coin shipments once a week. So you know this particular bank is going to get a lot of my business in the future. I like that 1 stop shopping.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
Edited by - HoardCopperByTheTon on 04/12/2007 03:36:27 |
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Ridewithme38
Penny Sorter Member
USA
79 Posts |
Posted - 04/12/2007 : 03:52:13
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You guys always make me feel like a slacker! i'm lucky if i can get the time to go through one box a week...let alone having enough money to buy more then 4 a week! it's amazing the dedication some of you guys have to this hobby..
I kind of feel bad for the grandkids...one day they'll be looking in the basement and find a room completely stuff with copper cents! Poor kids trying to figure out what to do with all of them! Think they'll still be a coinstar by then =)
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RUNNING TOTAL: APROXIMATELY..
6000 Copper
158 wheat
63 canadian
1 Guatemala coin?(1979)and a 250gram .999 pure copper bar(Jetco USA) |
Edited by - Ridewithme38 on 04/12/2007 03:54:43 |
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Sorting percentages II & buying reports
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