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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/08/2007 : 01:11:28
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quote:
Originally posted by John Law
just some change lying around
59 pennies
38 zincolns
5 copper
8 1982
that probably doesn't add up, but there it is.
9.8% copper.
"Preserving coinage by the pound"
John.. I love your signature line! Look on the floor by where you sort for the other 8 pennies.. that's where mine usually end up.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu654000:US5Ni20560 |
Edited by - HoardCopperByTheTon on 03/08/2007 01:32:46 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/08/2007 : 01:44:11
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quote:
Originally posted by Metalophile
I just don't have the time. And even if I did start sorting some pennies, I'm sure my wife could come up with something 'better' for me to do.
You know I could use the boxes of pennies like bricks and build some kind of fallout shelter in case of nuclear attack or dirty bombs.
Metalophile
I know what you mean about not having enough time. Seems I am always behind on my sorting. I don't think there is a guy on this board that doesn't have some female who could not come up with something 'better' for him to do than sort pennies. Not sure about using those pennies as bricks for your fallout shelter.. I have lots and lots of those bricks since I am always behind on my sorting (seems I am better at acquiring than sorting) and I have found they tend to get a little unstable one you stack them 6 or 7 high.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/08/2007 : 01:49:05
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quote:
Originally posted by Frugi
Bought 25 rolls of 1964 DMPL Canadian Ninickels. All unopened in Canadian Bank of Commerce, Montreal blue paper rolls.
Paid with (4) 2005 Canadian .9999 Silver Maple Leaf's
I sold on eBay 25% of my Ni hoard.
I made a 400% return on my investment.
I re-invested 25% of my profit back into Ni.
I have the same amount now as I did before selling on ebay. & NOW
My entire hoard is now paid off.
That's a great story, Frugi. I am a firm believer in churning your hoard for profit whenever possible and plowing the profits back in to create a bigger hoard.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/08/2007 : 02:09:19
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It's great to see all the participation lately. Makes this forum a lot more fun to come and read.
Today's sorting percentages:
20 rolls customer wrapped nickels
No silver
Only 6 pre-60 nickels
20 Rolls bank wrapped pennies
217 copper
5 wheat
1 Canadian
Copper percentage 21.7%
Looks like Pre-82 edged me out again.. he had 22.8%
Maybe I will get some sweet rolls tomorrow. Have a big coin shipment coming in to one of the banks my company has accounts at. They ordered me 12 boxes of pennies and 3 boxes of nickels. I had to promise to pick them up the same day they are delivered since they don't normally order that much coin and don't really have much room in the vault to store it. The Manager at my Wells Fargo branch told me this morning that I will be getting 6 boxes of pennies on Friday. I ordered 12, but you don't always get what you order. I guess the motto is.. Order twice what you need so you get what you want but be prepared to take it all home if it all comes in. I also put in an order for 12 pennies and 3 nickels at one of my other banks.. but they are unreliable.. Sometimes the coins show up, sometimes I never hear anything. Now I just have to figure a way to smuggle all this fresh coin into the house without arousing any feminine suspicion.
Today's buying report:
1 Box of customer wrapped quarters - Checked them quickly with my trusty scale - No silver.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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Frugi
Administrator
USA
627 Posts |
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n/a
deleted
43 Posts |
Posted - 03/08/2007 : 12:19:46
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quote:
Originally posted by HoardCopperByTheTon
quote:
Originally posted by John Law
just some change lying around
59 pennies
38 zincolns
5 copper
8 1982
that probably doesn't add up, but there it is.
9.8% copper.
"Preserving coinage by the pound"
John.. I love your signature line!
we all have to start somewhere!
"Preserving coinage by the pound" |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/09/2007 : 03:27:01
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Today's sorting report:
11 Bank wrapped rolls nickels
Result - Nuthin'
Today's buying report:
12 Boxes pennies
3 Boxes nickels
4 Rolls Nevada Quarters
The Boxes of pennies contained 346 rolls 2007-D and 254 rolls mixed. I think they put BU rolls in with the mixed rolls in each box to discourage hoarding.
Wonder what I will get in tomorrow's coin shipments.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni26560 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/09/2007 : 09:00:47
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2007 uncirculated pennies and nickels could be a hot item if the mint is forced to change them mid year. So far I have not seen any of either. My last batch was unopened boxes of uncirculated nickels stamped inspected in late January, but turned out they were 2006.
Also I have seen some 2006 UC nickel boxes going for about $150 on E-Bay and the 2007 going for $175. To be fair there was also a 2006 US nickel box that sold for only $105. The guy who sold that probably lost money on it or barely broke even after fees...not to mention the hassle.
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deleted
43 Posts |
Posted - 03/09/2007 : 11:27:01
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this isn't a joke, pennies are really still out there in pocket change. I'm not trying to be funny.
4 pennies
1 copper
25%!
I wonder how long until you can't find copper pennies anymore. there was some press when the
copper penny hit two cents, but I don't think people or going through their change yet.
I don't know it they'll go through their big jar of pennies. probably just take it to coinstar.
"Preserving coinage by the pound" |
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Ryedale
Administrator
USA
523 Posts |
 Posted - 03/09/2007 : 13:05:47
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I usually take my (zinc and clad)coins in wrapped with a commercial machine, but I found out my bank has to unwrap each and every roll, and bag it, then send it to the fed in a $50 bag. I was tempted to say OK dummies, heres $300 worth, un-wrap away.
So for an expiriment I checked on the Coinstar machines in the area. I had some zincolns loose, and found one of the "Free" counting machines in town. I got the Amazon certificate because they seem to have almost anything one could need available through their site, plus I need to pick up a book I recently discovered.
Heres my issue. I had about $100 loose, and it took what seemed forever. I did not time it, but Coinstar says the machines count 600 per minute, and it seemed to Ker-CHunk along more like $2 to $4 per min.
What has been your experience wiht Coinstars?
Needless to say this brought on a barage of phone calls when I got home, and I found a local credit union that charges 0% and they do not need to be wrapped. I said I was a business and needed to return lots of pennies. The gal said OK. I am setting up an account next week. 
Ryedale
Hoard Copper Pennies,
The market will develop |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/09/2007 : 13:41:42
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Heh. I'm sure that theyh have no idea how much you really mean by "a lot'.
________________________
"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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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 03/09/2007 : 16:19:38
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Yes, I've found Coinstar to be painfully slow. Definitely not as fast as they claim. And the last two times I used them, I had jams. Of course, when they open it up and you see all the crap that ends up in it, it's easy to see why it jams.
Credit Unions are the way to go. I joined one about a month ago that has a comemins sorter in the lobby for customer use. No fee if you are an account holder, 5% if not. Much better, faster, and cheaper than Coinstar. A little research on this is well rewarded.
I will say that it was amusing to watch them the first time that I cam in with ~10,000 pennies.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 01:41:38
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quote:
Originally posted by horgad
2007 uncirculated pennies and nickels could be a hot item if the mint is forced to change them mid year. So far I have not seen any of either. My last batch was unopened boxes of uncirculated nickels stamped inspected in late January, but turned out they were 2006.
Also I have seen some 2006 UC nickel boxes going for about $150 on E-Bay and the 2007 going for $175. To be fair there was also a 2006 US nickel box that sold for only $105. The guy who sold that probably lost money on it or barely broke even after fees...not to mention the hassle.
Welcome to the board. I follow the prices for pennies and nickels on eBay pretty closely also. What happened with that guy that only got $105? Did he list at the wrong time or in the wrong category? I put up 3 boxes of 2007-D pennies at a reasonable fixed price the other day and they sold out in about 12 hours. I did see one thing that really amazed me.. This one seller put up an unopened box of unsearched pennies, just like we all get stacks of from the bank.. he started it at $29.99 + $10 shipping... I laughed when I saw that auction.. thought, this guy must be crazy to try to sell that. Next day there was a bid.. then a few more bids.. it ended up closing at $62.99 with 6 bidders participating! Amazing! Looks like we are all wasting our time doing all this sorting.. doubt you could get anyone to pay that amount for a solid copper box. Hmmm.. I have about 60 of those boxes laying around here.. maybe I should put one up for auction.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
Edited by - HoardCopperByTheTon on 03/10/2007 02:11:41 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 01:45:59
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quote:
Originally posted by John Law
this isn't a joke, pennies are really still out there in pocket change. I'm not trying to be funny.
4 pennies
1 copper
25%!
I wonder how long until you can't find copper pennies anymore. there was some press when the
copper penny hit two cents, but I don't think people or going through their change yet.
I don't know it they'll go through their big jar of pennies. probably just take it to coinstar.
"Preserving coinage by the pound"
John, Come on.. you know you could sort 2 or 3 times that many if just really work at it. You didn't cherry pick which 4 cents you were going to sort in order to get a good yield percentage, did you? I know I have some slow sort days, but you make me feel real productive. If you don't start sorting at least 10 pennies a day you may have to change your signature line to "Preserving coinage by the ounce"
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 01:54:34
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quote:
Originally posted by Ryedale
Needless to say this brought on a barage of phone calls when I got home, and I found a local credit union that charges 0% and they do not need to be wrapped. I said I was a business and needed to return lots of pennies. The gal said OK. I am setting up an account next week.
Ryedale
Can you take a video camera with you the first time you wheel your cart in loaded down with bags of pennies and link a streaming video here? I would pay to see that. I gotta find me a credit union that will let me drop off in bulk like that. Even with 2 wrapping machines it takes a little time to package up those pennies for deposit.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 02:30:24
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Today's sorting report:
6 Rolls Bank wrapped pennies
60 copper
20%
Today's buying report:
First Bank - Wells Fargo
6 Boxes pennies
I had ordered 12 but they told me I was only getting 6 a couple of days ago. When I picked them up this morning I told them OK, same order for next week.
2nd Bank - Washington Mutual
I had ordered 12 boxes pennies and 3 boxes nickels for this week. When I got there the gal that does the coin ordering was out. They looked in the vault and couldn't find anything. They took my phone number so they could call me when they found my coins. The phone never rang. Looks like they stiffed me again. Met the new lady that is taking over coin ordering last week. Hope she can do a better job.
3rd Bank - Mechanics
I was told by the merchant teller that I really should preorder when I want coin because they do not keep coin on hand in the vault. They were still able to scrounge up a few boxes for me.
1 Box circ quarters
3 boxes pennies
1 box nickels
Finally got some shiny new nickels! Half the rolls in the box were 2007-D!
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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Ryedale
Administrator
USA
523 Posts |
Posted - 03/10/2007 : 08:14:13
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It would be fun to take a video camera wouldn’t it? In the process of calling around, I found one other credit union that takes customers coins but charges 2% for any amount over $5.
Now I buy from my original bank already, and they charge a 5% fee for the redemption machine service, but it goes to charity. I am really torn because it would be nice to be able to "buy" coins from these places by the bag, before going in to the fed. But the zinc overhead becomes too large, so returning becomes "required". I guess buying from two and returning to the 0% place would be good. However If I return to the 2% place, and buy from the 0% and my original bank (no charge at my original place for $50 bags), I may actually get more coins. It may be worth the $2 per $100 of returned zinc, to secure a larger amount of unsorted from the 0% place. I would think people are well aware of a 0% return, and it would quickly become the Hot Spot to return coins. Well have a great weekend. By the way I did not sort any this week, too busy at my regular job. Ryedale
Ryedale
Hoard Copper Pennies,
The market will develop |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 08:45:06
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quote:
Originally posted by Ryedale
I am really torn because it would be nice to be able to "buy" coins from these places by the bag, before going in to the fed. But the zinc overhead becomes too large, so returning becomes "required". I guess buying from two and returning to the 0% place would be good. However If I return to the 2% place, and buy from the 0% and my original bank (no charge at my original place for $50 bags), I may actually get more coins. It may be worth the $2 per $100 of returned zinc, to secure a larger amount of unsorted from the 0% place.
Ryedale
Hoard Copper Pennies,
The market will develop
OK, here's your solution. Buy from all 3 and return to the 0%. Worst case scenario you sometimes cycle your old pennies more than once. But you have multiple machines for processing. If you buy right before you dump and wait a couple of days before rebuying you should be OK. Find out their shipment schedule and time your buys and dumps to have them always shipping your pennies and giving you a look at everyone else's before they ship.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 03/10/2007 : 12:29:32
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Hey nickel hoarders, this company has us all beat.
You must be logged in to see this link.
$49.99 for 4 rolls of nickels ($8 cost)
Somebody is makin' money but it sure as heck aint me.
Granted, they are uncirculated nickels, but anyone could have gone to the banks and traded their FRNs for rolls of new coins.
If these guys can make a killing on coins, so can we.
One word of advice on credit unions, Madeuce is right, "A little research on this is well rewarded". I lived near a credit union near a federal government office, and the credit's motto was
"not for profits
but for service"
they were only opened two days a week. So much for service.
Before going to any credit union, do some research into their hours, policies and minimum balances for accounts. No sense being penny wise and dollar foolish.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/10/2007 : 22:48:35
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Todays Sorting:
10 Bank wrapped rolls pennies
92 copper
2 wheat
18.4%
Today's buying report:
4 rolls shiny new Washington Dollars
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu644000:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/12/2007 : 01:46:07
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Today's sort:
2 Rolls pennies
17 copper
17%
Today's buying report:
14,700 wheat pennies
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/12/2007 : 09:58:19
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"What happened with that guy that only got $105? Did he list at the wrong time or in the wrong category?"
I'm not sure...I didn't pay that much attention to it, but it was definetly not the norm. I was just scanning through the list of completed auctions. I happened to get 5 boxes of 2006 UC nickels last week so I was curious. I might sell them at throw the money pack into more nickels.
Also I was weighing nickel rolls this weekend to see if I could find any silver, but it turns out my scale is not sensitive enough. I found one under roll that had a bent penny in it and one over roll that had all the nickels plus a dime. After weighing most of my rolls (most of which are Brinks clear wrapped), I happened to glance at the nickel on the end of a roll, and it was a 1943 D. The weight difference was too small to notice... So the weighing ended up being a waste of time.
Almost makes me want to unwrap all those rolls and search them. Almost, but not quite...
US5Ni32k |
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Frugi
Administrator
USA
627 Posts |
Posted - 03/12/2007 : 16:33:36
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12 Customer wrapped rolls of memorial cents
600 lincoln cents:
384 Zn
214 Cu
2 wheats
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 03/12/2007 : 17:11:02
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Horgrad,
I picked up a cheapo scale from Harbor Freight, I think for $14.99, that is accurate to 0.1g. That should be good enough to catch the differences you are looking for. I use it as an easy way to figure out if a 1982 penny is Cu or Zn. The next least expensive scale I could find was about $80 or so. I wouldn't spring for an $80 scale, but I could justify $15. So far, it has worked well and I'm very pleased. It may crap out in a year, but I'm not really expecting too much. A good deal for the price.
MaDeuce |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/12/2007 : 22:05:43
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Talked to my teller at the Credit Union today and she said that they usually get in about 2 boxes of nickels and 3 boxes of pennies from their customers every weeek, and they have to pay brinks to take them away. She was more than happy to offer to put them all aside for me to pick up tommorow and to keep doing this every week from now on. They save money, I get nickels/pennies for the Ryedale CoinArtist that's in the mail on its way to me right now. Sweet deal.
She's also going to ge tme a price quote on a delivery of 10 nickel and 20 penny boxes.
________________________
"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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Sorting percentages II & buying reports
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