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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/13/2007 : 00:42:30
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quote:
Originally posted by horgad
"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
You should probably wait for eBay to have a listing fee sale and put all the boxes of nickels up at once with a fixed price for each box based on what you think they would reasonably bring. Otherwise the listing fees can hit you pretty hard. Ebay is about due for a sale day.. they seem to run one about once a month. For shipping you can use the $8.10 Flat rate box. You can easily fit 2 boxes of nickels in one of those. To get any more nickels in you will have to take them out of the box. The flat rate box works great for pennies.. almost like it was designed to fit 3 boxes of pennies.
I have a couple of very sensitive scales and after I had tried weighing a few rolls I decided I better check to see if their was a significant weight difference. I put an old worn silver nickel that I had found in a roll a couple of weeks ago on the scale and it weighed the same as a regular nickel.
Glad you found a silver nickel. I know what you mean about sorting all those nickels.. and you have more of them than I do. I have a deal with my boss who collects nickels. I loan her a box at a time to go through and she has to give me all the canadian nickels. She hasn't found a silver nickel yet, but she is finding a few older ones to plug the holes in her book.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
Edited by - HoardCopperByTheTon on 03/13/2007 01:54:05 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 01:09:02
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quote:
Originally posted by Frugi
12 Customer wrapped rolls of memorial cents
600 lincoln cents:
384 Zn
214 Cu
2 wheats
Wow, 36% copper. Those were some sweet rolls. Looks like you're the winner for the day.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 01:16:15
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quote:
Originally posted by MaDeuce
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
Those cheapo scales are all you really need to sort pennies with. I have a $120 scale and an $80 scale. I bought one of the cheap ones for something like $11.99 including shipping. It worked just fine. I ended up selling it to someone at coin club for $15.
I figure there are basically 3 ways to sort the pennies.
1. Visual - Eyeball the date or use a magnifying glass. Sort rate about 5 minutes per roll.
2. Digital scale - Sort rate about 1 roll per minute.
3. Rydale machine - Sort rate about 6 rolls per minute.
Automation looks like the way to go.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 01:25:58
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quote:
Originally posted by Canadian_Nickle
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.
That's great that she is going to set all the coins aside for you. Congrats on getting one of those Rydale machines. I will get one eventually.. I was a bridesmaid again last night. Thought for sure I would catch everybody sleeping. The guy that sniped me either used a sniper program or has a very good finger. I am curious what she will quote you for the large coin order.. bet it will be kind of high. I wouldn't pay for delivery myself.. it cuts into the money I want to put in the hoard. You can usually find a few banks that will give you the coin for free. That is why they have a bank on every corner.. so if you don't like what one bank tells you, you just walk across the street. You might try checking with whatever bank your company uses.. lots of times they can be very accomodating. I have one of our commercial banks order me 12-15 boxes of coin every week.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 01:49:22
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Sorting percentages for today:
4 rolls customer wrapped pennies
45 Copper
2 wheat
22.5% - Not even in the ballpark with Frugi
Didn't get to buy any coins today.. I am going through withdrawals.. or is it that I did too many withdrawals last week to do coin purchases.. hmmm.. not sure. I did get my order in for 12 more boxes of pennies for Thursday pickup though.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 02:13:09
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Shipped out 7 boxes of pennies this morning.
She asked "So, are you out of pennies now?"
I said "Honey, I will never be out of pennies"
She says "It figures.. you probably have more coming this week, don't you?"
I just smiled, ducked, and headed for the door.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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DadaOrwell
Penny Sorter Member
99 Posts |
Posted - 03/13/2007 : 11:16:52
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I've calculated that an hour spent sorting pennies probably would probably be worth about a buck fifty return. However that buck fifty will go up and down with the price of copper. And it doesn't include the time and expense acquiring the pennies.
Doesn't really seem worth doing at that price, plus you have to reroll the zincolns to turn em in. So for now I'm just hanging on to them zincolns and all.
Bank of america takes whatever from customers and pays up as long as its rolled, no charge
Want freedom?
Move to New Hampshire!
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/13/2007 : 11:59:37
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quote:
Originally posted by DadaOrwell
I've calculated that an hour spent sorting pennies probably would probably be worth about a buck fifty return. However that buck fifty will go up and down with the price of copper. And it doesn't include the time and expense acquiring the pennies.
Doesn't really seem worth doing at that price, plus you have to reroll the zincolns to turn em in. So for now I'm just hanging on to them zincolns and all.
Bank of america takes whatever from customers and pays up as long as its rolled, no charge
Want freedom?
Move to New Hampshire!
You must be logged in to see this link.
I haven't done the calculations but assumed that the phrase "Would you like fries with that?" would be much more profitable. You are probably about right on your calculations, but you can improve that yield quite a bit with automation. Just get a Rydale automatic sorter and another machine to rewrap the pennies. My wrapping machine will wrap 10 rolls per minute. As for the cost of acquiring the pennies.. we are pretty much all guys here.. that is the "thrill of the hunt"
It is much easier to just hoard the mixed boxes, but many of us have limited capital so we try to seperate out the zinc so we can plow the money back into more unsearched boxes. Besides, what other hobby do you know of that returns a buck and a half an hour and you can do it while you are watching TV? How many of those virgin boxes have you accomeulated so far?
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 03/13/2007 : 12:15:30
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HoardCopperByTheTon,
What type of machine are you using for rolling? The commercial ones I've seen are even more expensive than the commercial sorters. As I recall, the commercial ones do about 30 rolls a minute, so yours ain't no slouch by any means.
MaDeuce |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 03/13/2007 : 23:05:04
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sorted $10 worth today
672 zincs
284 coppers
40 1982's
2 wheats 52-d, 42
2 canadians 68, 97
284/1000 = 28.4%
getting quite a few 82's stored up - maybe have to look into one of these cheap scales ya'll are talking about |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/14/2007 : 01:10:09
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quote:
Originally posted by MaDeuce
HoardCopperByTheTon,
What type of machine are you using for rolling? The commercial ones I've seen are even more expensive than the commercial sorters. As I recall, the commercial ones do about 30 rolls a minute, so yours ain't no slouch by any means.
MaDeuce
MaDeuce,
Actually my machine is a commercial one.. made by the same company as the one that does 30 rolls a minute. Made by Glory. It is the model WS10.. a tabletop model that only weighs 100 pounds (You need a sturdy table) for those folks that don't want to spend $24k on a wrapping machine. I just won a second one of these on eBay (It was going way too cheap) It will be arriving this week. I have seen this model for sale by used bank equipment sellers for about $1900.
Here is a link to the machine I just won so you can see pictures of it.
You must be logged in to see this link.
I think the pure count rate if you are not wrapping is about 2600 a minute. I also have a couple of Glory sorting/counting machines as well as a few other sorting/counting machines.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/14/2007 : 01:41:57
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Sorting percentages for today:
2 Customer wrapped rolls of pennies
29 Copper
1 US dime - Woohoo, does this mean I am making $1.60 an hour, DadaOrwell?
29%
Looks like I just edged out aloneibreak. But if you figure 25-50% of those 40 82's are copper he still has the best percentage for the day. You really should get one of those scales, aloneibreak. You can sort a lot faster with them than by looking at the dates.
No coin buying today.. now I am really going through withdrawals. I spent all my money at coin club tonight. Did really well in the raffle.. won 2 Silver Eagles, a Silver Dollar and a 2 peso gold piece.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/14/2007 : 21:40:45
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$132 in mixed customer rolls of Canadian Nickels from meridian and BMO
566 .999NI oe
34 rye
8 12s ye
1 rabbit
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609/2640
= 23.06%
Also: 1 steel war nickel, 1 copper penny
+++++++++++++++++
Running totals:
Sorted: 156,880
Found: 38,490
Average: 24.53%
+++++++++++++++++
________________________
"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 - 03/16/2007 : 01:34:35
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Sorting percentages for today:
8 rolls of Nickels
nada
10 Rolls bank wrapped pennies
128 Copper
2 wheat
1 Canadian
25.6%
Coin buying report for today:
12 Boxes Bank wrapped pennies
198 Rolls were BU 2007-D
402 Rolls were mixed
Got these from a Comerica branch where my company has some accounts. Today the bank manager realized I don't even have an account there. She talked me into opening up an account. Now that I have an official account at this bank should I up my weekly order? <G>
I listed a bag and a box of copper cents on eBay this week starting below melt just to test the market. I will post links to the auctions in the Buy/Sell area for those that want to monitor how they are doing or want to just buy their hoard rather than sorting to get it.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/17/2007 : 02:58:09
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Sorting percentages for today:
20 Customer wrapped rolls of pennies
200 Copper
6 wheat including a 1929 in F-VF
1 US clad dime
20%
This guy liked to roll his pennies fat.. a lot of rolls contained 52 or 53 coins.
Coin buying report for today:
Wells Fargo
2 boxes bank wrapped pennies
1 box customer wrapped pennies
Washington Mutual
14 roll customer wrapped pennies
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/18/2007 : 01:42:38
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Sorting percentages for today:
20 Rolls pennies
203 Copper
6 wheat including a 23 and a 19-S
1 Panama cent
20.3%
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/19/2007 : 01:58:46
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Sorting percentages for today:
25 Customer wrapped rolls of Nickels
Found 1 US dime
I find dimes in penny rolls all the time, but this is the first time I found one in a nickel roll.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/19/2007 : 02:00:28
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I've found a few dimes in nic rolls. Maybe 1 every 3 boxes or so
________________________
"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 - 03/19/2007 : 10:15:20
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quote:
Originally posted by Canadian_Nickle
I've found a few dimes in nic rolls. Maybe 1 every 3 boxes or so
I think you probably sort more nickel boxes than I do. It was nice that it was a bonus dime and all the nickels were still there.
Did you ever get that quote from your Credit Union lady on what they would charge you to order your 10 boxes of nickels and 20 boxes of pennies? I got cornered by the bank manager of the bank where I have been getting my larger weekly orders and talked into opening an account. Put in $100.. Got a free travel mug and a really cute piggy bank. Then I wrote a check to myself for $90 to go buy more pennies.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/19/2007 : 13:42:01
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The credit union will only give me the boxes of customer coin that they get in, but TD has aggreed to order in 10 boxes of nickels and 20 of pennies every 2 weeks for me. For free with my business acct.
________________________
"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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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/19/2007 : 16:54:00
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$100 box of C. Nickels. Machine rolled from BMO.
400 .999Ni OE
24 rye
10 12s ye
2 12s gh (one 1947 ml!)
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436/2000
=21.8%
+++++++++++++++++
Running totals:
Sorted: 158,880
Found: 38,926
Average: 24.50%
+++++++++++++++++
________________________
"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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MormonMetal
Penny Pincher Member
USA
150 Posts |
Posted - 03/19/2007 : 18:12:36
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6 boxes
4 boxes new 2007 cents
2 remaining boxes
1243 copper cents
3750 zinc cents
1 dime
1 plastic penny
6 Canadian pennies
My wife did manage to use a few rolls of the 2007's for little "pots of gold" for my daughter's kindergarten class.
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 03/19/2007 : 22:36:51
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Hey MM. Welcome to the forum. 4 out of 6 skunked is too bad. Hopefully, you'll have better luck next time.
________________________
"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 - 03/20/2007 : 02:20:56
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quote:
Originally posted by Canadian_Nickle
The credit union will only give me the boxes of customer coin that they get in, but TD has aggreed to order in 10 boxes of nickels and 20 of pennies every 2 weeks for me. For free with my business acct.
That's great that you worked out a deal for decent size shipments. Now all you need is a good sturdy cart to wheel it out of the bank with.
Sorting percentages for today:
Today's nickel batch was a little more interesting than yesterday's.
1 Box Customer wrapped Nickels
2 1943-P Silver War Nickels (Neither was the double eye variety)
2 Honest Nickels - Canadian .999
2 Singapore 20 cent pieces
1 Mexico Bi-Metalic Peso
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
Edited by - HoardCopperByTheTon on 03/20/2007 02:21:38 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/20/2007 : 08:36:36
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quote:
Originally posted by Canadian_Nickle
Hey MM. Welcome to the forum. 4 out of 6 skunked is too bad. Hopefully, you'll have better luck next time.
I wouldn't mind hoarding a few boxes of uncirculated 2007 pennies. If they stop making them this year, they could end up worth more than circulated copper pennies. If they don't dtop making them, take them back at the end of the year or sell them e-bay to collectors.
By the way, I figured out the other day that US Mint is losing about 4 mil+ a month making nickles now. They make 100 mil+ a month! So they stand to lose 48 mil a year if prices don't got down. You can almost feel the pressure building to change the nickel composition...I can't imagine them resisting the change for more than 2 years. |
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Sorting percentages II & buying reports
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