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deleted
9 Posts |
 Posted - 11/16/2008 : 13:59:33
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OK so my first week and I hand sorted :( 4450 pennies and 1441 of them were copper for a total of 32%. 25 Wheats. Out of curiosity what is the amount everyone sorts normally on a weekly basis? I have got to get a ryedale.
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 11/16/2008 : 14:24:37
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Are your hands still cramped???
If you are going to seriously mine for Cu disks, you are correct, the Ryedale is the way to go. But then there's the decisions of what to do with the zinc...
I hand sort and shoot for a box (or maybe two) a week along with all the CWR's I can find.
I also try to hand sort a box of Halves as well as any CWR's I can find weekly. |
There's profit if you melt things!!
8{> |
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MatLock
Penny Pincher Member
USA
122 Posts |
Posted - 11/16/2008 : 15:09:18
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| 25 wheats is fairly decent in my opinion. For every 25 dollar box I get about 5-6 wheaties. Even more rare would be pre-1940 wheats which I might get one in every 3-4 boxes, and even more rare pre-1930. Also 32 percent Cu is pretty good IMO, most people seem to get around 20 percent. Nice job. :D |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/16/2008 : 17:04:33
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When I first started and I was hand sorting, I was averaging 1-3 boxes a week. Your copper percentage is a nice one with a fair amount of wheats. I say figure out waht to do with a bunch of zincs, then get you a Ryedale. Keep up the searching. Being a hand sorter does have it's advantages.
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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/16/2008 : 20:07:05
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The big advantage of being a hand sorter is that your pennies last a lot longer. Also, you don't have nearly as many zincs to dispose of.. which can be a big problem when you kick up the volume. You got a great copper percentage on this batch.. it should drop to about 20% in the future. When I first started hand sorting I was averaging about 10 boxes a week. After getting my first Ryedale I peaked at 100 boxes per week for a few weeks, but zinc disposal became somewhat of a problem. Now I am much more casual.. only sorting about 24 boxes a week.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 11/16/2008 : 20:18:51
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What Hoard said.
I do about 10 boxes and 5 bags a week = $500. |
Beer is my currency. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/16/2008 : 21:00:05
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| If only I could get bagged coin.. those extra Ryedales would really come in handy. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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phillips24
Penny Pincher Member
USA
142 Posts |
Posted - 11/16/2008 : 21:40:29
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| I'm currently hand sorting as well and averaging around 25% copper. I would love to get a ryedale but funds are low and the wife already thinks I'm crazy. My thing currently still isn't so much how to get rid of the zincs, but how to realize profit from the coppers. I know when copper was up there ebay was a great place to sell, and now especially with the copper listing under bullion. Is now just a "hoard and wait" situation or if push comes to shove and I needed the cash is there still a market out there? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/16/2008 : 21:53:21
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With the current price of copper it is more of a hoard period for a lot of us. The good news is that copper pennies are actually selling above melt value now. In the old days when copper was much higher it was rare to get full melt value in an auction. There is still a market for copper pennies but the price is not what it used to be. If you really had to sell some to prove to your wife that it is still profitable you could sell them in the buy/sell section of this forum.
Send a few postcards in on CopperCatcher's contest.. maybe you will get a new Ryedale for Christmas! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 11/18/2008 : 22:12:50
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If you're sorting for Cu think long term...
Quick turnovers for a net 5% gain will not be as advantageous in the long term (10+ years, What The Hell 50+ years) as just putting 1/2 gallon jugs of 95% Cu disks anywhere you can find to place them and sit back and wait.
If you don't realize ant gain your Heirs will.
PM's and Commodities (although I feel Cu will gain PM status one day (year, decade?) from now, are for the long haul.
Be glad you can sock some away and just go about life as usual.
PS - Try to do something you like, enjoy or find fun at least once a day while you get to walk the planet! |
There's profit if you melt things!!
8{> |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 11/19/2008 : 18:46:29
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quote:
Originally posted by phillips24
I would love to get a ryedale but funds are low and the wife already thinks I'm crazy. My thing currently still isn't so much how to get rid of the zincs, but how to realize profit from the coppers.
Show your wife the copper penny bags listed on AMPEX.com That might get her excited.
There are lots of worse hobbies then saving away some cash with intrinsic value - especially in an economy that is going down the drain. Either copper goes up (inflation) or the face value will buy more stuff in the future (deflation). Not much chance of not winning in the long run. I should go buy some more pennies now. |
“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
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phillips24
Penny Pincher Member
USA
142 Posts |
Posted - 11/19/2008 : 20:15:53
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[/quote]
Show your wife the copper penny bags listed on AMPEX.com That might get her excited.
[/quote]
Anyone sold successfully to apmex before?? |
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4450 Pennies Sorted
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