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AgCollector
Penny Collector Member
USA
266 Posts |
 Posted - 02/22/2009 : 18:30:37
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Poll Question:
A while back someone asked about how we prefer to buy coppers- rolled, loose or no preference. I'm curious as to if condition matters to you when you hoard or are looking to buy. What best describes your feeling?
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AgCollector
Penny Collector Member
USA
266 Posts |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/22/2009 : 18:37:57
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| I would say yes, it matters, but that doesn't mean I like one more than the other. I separate and sell "premium" pennies and "ugly" pennies. I get a higher price for the clean and undamaged pennies, and I get a lower price for the ugly pennies, but still high enough to make a little bit. |
Nate
The Copper Cave
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/22/2009 : 19:53:33
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| I should mention that as a hand-sorter, I've been skipping over the more beat up or corroded coppers, but recently was thinking that maybe whoever I eventually sell to won't really care. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/22/2009 : 19:56:41
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| If I am buying a bag a little "junk" on the coins is to be expected. However the majority of them have to been free of corrision and junk |
Copper Penny Investing
www.portlandmint.com |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 02/22/2009 : 21:18:21
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| I keep all of my copper coins, however I separate the nicer coppers in case that matters in the future. I also keep the zinc coins with few or no flaws; usually 10% to 20% of them. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/22/2009 : 21:58:09
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I somewhat agree with Nate. I hoard all coppers, but prefer nice problem free coins. Most buyers prefer them that way also. I class the coppers in 3 groups. Refined, Unrefined, and Ugly. My refined coppers are the equivalent of what Nate calls "Premium." These are after all the "Ugly" or cull coins have been removed from the mix. Unfortunately, refining is very labor intensive and is hard to justify for any slight market premium. Copper Crude (Unrefined) is what I call the standard mix of copper that folks seperate either with a Ryedale or by hand. This will be all copper, with all the Uglies mixed in, just like in circulation. I actually run mine through 2 Ryedales to assure purity of my mix, since copper purity is very important to me. The unrefined copper crude sits in large tubs until refined and packaged. Sometimes it is sold a little cheaper since it does not have the final processing step. If someone just wants pure copper cents at the absolute lowest price I have buckets of uglies I have removed from the mix during the refining process.  |
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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n/a
deleted
146 Posts |
Posted - 02/22/2009 : 22:11:51
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What do people do with really ugly (gouged, scraped, scratched up, badly bent) etc copper pennies?
Since I hand sort & since I haven't seen falls in my sorting percentages, I put them back in with the zincolns & turn them in for more to sort. Of course if my percentages go down and stay that way or I think too many local banks are in trouble I may keep the uglies then. But I'm still not sure what to do with them when that time comes. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/22/2009 : 22:13:58
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| I separate out my wheats into "good" and "junk" wheats. The "good" wheats are problem free, circulated wheats. The "junk" wheats can be anything with excessive wear, rim nicks, corrosion, being cleaned, or being bent. Some of them are nearly problem free but may have a small corrosion spot or two. Until I get the stuff called Verdigone (being sold on coincommunity), the junk wheats will be a full range of nearly problem free to downright nasty. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 02/23/2009 : 06:08:13
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Let's see, if gold is gold and silver is silver, then copper must be copper....
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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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/23/2009 : 07:37:49
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quote:
Originally posted by NotABigDeal
Let's see, if gold is gold and silver is silver, then copper must be copper....
Deal
But that's the thing- gold isn't gold and silver isn't silver...
I'm sure we're all aware, for example, of the premium asked and paid for silver American eagles, for ex. as of right now on bulliondirect's nucleo exchange, people are willing to pay $18.15 for a SAE but only $15.34 if it's a generic 1 ounce round / bar.
Or the premium 90% silver halves have over dimes or quarters.
I'm less familiar with all the gold products but I'm sure there are examples out there too for certain kinds of gold that carry a premium and certain kinds that are discounted.
In any case, enough people have voted "copper is copper" that I will start to save all of them, though I'll probably still separate out the "ugly" ones as HCBTT and Nate put it. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 02/23/2009 : 17:15:10
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quote:
Originally posted by AgCollector
quote:
Originally posted by NotABigDeal
Let's see, if gold is gold and silver is silver, then copper must be copper....
Deal
But that's the thing- gold isn't gold and silver isn't silver...
I'm sure we're all aware, for example, of the premium asked and paid for silver American eagles, for ex. as of right now on bulliondirect's nucleo exchange, people are willing to pay $18.15 for a SAE but only $15.34 if it's a generic 1 ounce round / bar.
Or the premium 90% silver halves have over dimes or quarters.
I'm less familiar with all the gold products but I'm sure there are examples out there too for certain kinds of gold that carry a premium and certain kinds that are discounted.
In any case, enough people have voted "copper is copper" that I will start to save all of them, though I'll probably still separate out the "ugly" ones as HCBTT and Nate put it.
Okay, clarification:
I do not buy uncirculated gold/silver.
To me it's all the same. As far as to what other people pay, that's their business. I DO NOT pay the ridiculous premiums on any gold or silver. I have free pick of bars, rounds, SAE's, whatever for the same prices. Same goes for the gold and ALL the junk 90% I buy. All varieties of all denominations are the same price. Meaning for instance Roosevelt, Mercury, Barber dimes all the same price. Same for quarters, and halves. Dollars are the only demnomination that differs. '21 Morgans can be had for the same price as Peace dollars. I do very few purchases online, so avoid the exhorborant prices. Local dealers only, and I have a good relationship with them.
So to me, and I'm sure some others, gold is gold, silver is silver, and copper is copper....
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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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/23/2009 : 19:51:34
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| I agree with Deal. No sense paying premiums to get the same amount of silver or gold or copper |
Copper Penny Investing
www.portlandmint.com |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/01/2009 : 08:55:20
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| I'm wondering though with very worn coins how much of the original metal content is left? If you have $1000 of very worn copper pennies vs 1k in lighlty circulated what's the weight diff? Same with silver, how much of the minted silver is actually left in a very worn silver dime for instance, that's why when it comes to circulated silver I do take into account condition, I'm less bothered with copper but I guess it can make a difference |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 03/01/2009 : 13:14:10
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| I don't care what condition they are in as long as I can get them through my rolling machine. So they can't be too bent up or beat up to go through the machine. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 07/24/2009 : 13:51:11
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| I throw back the badly corroded ones. Maybe someone who really doesn't care will add them into their hoard and i will give someone else a chance to secure their future. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 07/24/2009 : 14:06:36
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| For LMC's, if they are copper, they all go into the same pile on my end. It's labor intensive enough to separate these out by hand, so to separate them out further would seem like a chore to me. I really don't get too many really rough ones from boxes, so I am lucky from that standpoint. When it comes time to sell, they will be marketed and sold as "average circulated" which to me means anything from bad to BU condition (just like when I buy). |
My hobby: collecting real money 1 copper cent or nickel at a time.
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/24/2009 : 18:00:10
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| I like coins with no grime but it dont matter to me really |
Inquiring minds want to know |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 07/24/2009 : 18:27:09
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I keep mine separated as follows:
AU/BU copper cents
circulated copper cents
ugly Abes
BU zinc cents
wheat cents
2009 cents
Canadian cents |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/24/2009 : 18:58:30
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| I keep them all together. copper is copper for the LMC |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 07/24/2009 : 20:16:24
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quote:
Originally posted by CoinHunter53562
I separate out my wheats into "good" and "junk" wheats. The "good" wheats are problem free, circulated wheats. The "junk" wheats can be anything with excessive wear, rim nicks, corrosion, being cleaned, or being bent. Some of them are nearly problem free but may have a small corrosion spot or two. Until I get the stuff called Verdigone (being sold on coincommunity), the junk wheats will be a full range of nearly problem free to downright nasty.
Well said. You took the words right out of my mouth. Three hundred wheats now and counting in one year of searching. Yeah!!!
So with the above said, I did not vote in this poll.
Enjoy. |
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smartinson
Penny Collector Member
USA
287 Posts |
Posted - 07/24/2009 : 21:01:26
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| When I first started hand sorting, most of the CU cents were in really good condition. Here lately, I am getting a whole lot of really bad ones. They look like they came out of a wishing well or fountain. But I keep them all. CU is CU. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/24/2009 : 22:03:59
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quote:
Originally posted by Silver Surfer
I keep mine separated as follows:
AU/BU copper cents
circulated copper cents
ugly Abes
BU zinc cents
wheat cents
2009 cents
Canadian cents
I have a similar system except separate my Canadian pennies into copper, zinc and steel. |
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Topic |
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Does condition of Cu cents matter to you?
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