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 Copper Penny Bullion Investing
 how many copper cents
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daviscfad
1000+ Penny Miser Member


USA
1664 Posts

Posted - 03/16/2009 :  21:46:45  Show Profile Send daviscfad a Private Message
is in 10lbs? 1459? or do i have that wrong

Inquiring minds want to know

CoinHunter53562
1000+ Penny Miser Member



USA
1805 Posts

Posted - 03/16/2009 :  21:48:10  Show Profile Send CoinHunter53562 a Private Message
10 avoirdupois pounds = about 1464

10 pounds times 454 grams per pound = 4540 grams

4540 grams/3.1 grams per copper cent = 1464
4540 grams/3.11 grams per copper cent (no wear) = 1459

Hope this helps!

My hobby: collecting real money 1 copper cent or nickel at a time.


Edited by - CoinHunter53562 on 03/16/2009 21:49:50
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slickeast
1000+ Penny Miser Member



USA
2533 Posts

Posted - 03/16/2009 :  23:09:15  Show Profile Send slickeast a Private Message
I just use a scale

You don't have to be the BEST you just have to be.......SLICK

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daviscfad
1000+ Penny Miser Member



USA
1664 Posts

Posted - 03/17/2009 :  00:03:05  Show Profile Send daviscfad a Private Message
quote:
I just use a scale

Inquiring minds want to know
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jadedragon
Administrator



Canada
3788 Posts

Posted - 03/17/2009 :  03:21:16  Show Profile Send jadedragon a Private Message
I don't have a decent scale - but do have a fast counter. Figure 150 pennies to the pound and your buyer will never get cheated.

“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
Passive Income blog
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oober
1000+ Penny Miser Member



USA
1304 Posts

Posted - 03/18/2009 :  17:21:02  Show Profile Send oober a Private Message
150 +/-3 or so is correct...
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slickeast
1000+ Penny Miser Member



USA
2533 Posts

Posted - 03/18/2009 :  17:33:30  Show Profile Send slickeast a Private Message
I bought a good used Toledo scale...(think deli/ meat dept in the grocery store) off of e-bay. It has been calibrated. I always make sure that I put more than the weight sold to make sure the customer is getting what they paid for. 10lbs sold = 10.08lbs shipped.

Since I ship so much "stuff" anyways I use it for weighing my other packages so I can print my shipping labels at home.

If the post office is not busy I sometimes ask them to weigh it so I can compare their scale to mine.

146 is uncirculated count for 1 lb of pennies. So 150 +/- 3 should get you close.

I would rather error on too much than too little.

You don't have to be the BEST you just have to be.......SLICK

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natsb88
Administrator



USA
1850 Posts

Posted - 03/18/2009 :  18:26:58  Show Profile Send natsb88 a Private Message
I sell by weight and always weigh a little over to be safe, but if someone is selling by face, I figure 150 to the pound.

Canadians are a little more difficult to deal with since there are several different weights. It depends on your mix, but my experience has been rougly 162 - 165 per pound.

Nate
The Copper Cave


Edited by - natsb88 on 03/18/2009 18:28:26
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 03/22/2009 :  23:19:35  Show Profile Send HoardCopperByTheTon a Private Message
Since the pennies are usually circulated, you have to add some to make up for the wear. I have several high speed counters and a couple of really good scales. I use 150 (3 rolls) per pound for estimating, and if selling by weight I just load them on the scale till they go a little over.

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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