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deleted
12 Posts |
 Posted - 05/20/2009 : 15:05:06
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Anyone store copper pennies this way? If so, are there any issues regarding the type of material the drum is made of, any use of a liner, a cap, or other humidity corrosion concerns? Storage of the drum inside vs. out in a shed, etc.?
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/20/2009 : 17:27:37
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| i would not store it in your attic. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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misteroman
Administrator
USA
2565 Posts |
Posted - 05/21/2009 : 11:58:03
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| LOLOLOL!!! |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Frugi
Administrator
USA
627 Posts |
Posted - 05/21/2009 : 13:24:46
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| If you fill up a 55 gallon drum with pennies, plan on never moving it, and eventually you will have to remove all the pennies by hand, or your heirs will, or they will pay someone to haul it off. The weight of it full would be 1500+ lbs at least. If you ever need to move it quickly, your screwed, unless of course you plan on using a forklift. Even 5 gallon drums end up weighing 200+ lbs. when full. I would stick to 1 gallon, but that's just me, "to each they're own". Organization is overrated and time consuming, especially since you will eventually move them again. |
Real Eyes Realize Real Lies
_________________________
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Save the US Cent! http://www.facebook.com/#/group.php?gid=192523715681&ref=mf
www.pre82.com <-- My website. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 05/21/2009 : 13:58:37
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| I wouldn't store outside, I would afraid of condensation and humidity. |
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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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/21/2009 : 14:23:27
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| you could fill the smaller $25 bags then place them in the barrel. That is a good size to use when reselling when the time comes. I would want a barrel where the entire lid comes off rather than just a bung hole. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 05/21/2009 : 15:03:52
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| If I was to use a 55 gallon drum for copper storage, I would want it to be heavy duty steel and rust free, not plastic that could fail under the weight pushing out on the sides of the drum. I would keep it in a cool dry basement slightly elevated off the floor on blocks or pallets and probably line the drum with something, like heavy duty thick plastic sheeting, or put the pennies into bags, then into the drum for easier removal in the future. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/21/2009 : 19:32:24
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A full 55 gallons of apple concentrate weighs about 600 lbs if I remember correctly. That was the heaviest thing we stored in drums. A drum of pennies, as noted, would be super heavy! and tough to move. There is a reason pennies come in 25 boxes - easy to move and handle. I've had to move my stash once already and I'm really glad I stick to containers holding about $100 face.
A drum might be a good container if, as suggested by Mike2020, you store in bags inside the drum. Hope you have long arms to reach the bottom of the drum, cause you will not want to tip the drum to get the penny bags out. |
“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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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 05/21/2009 : 21:30:39
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| I've been storing copper in 5 gallon buckets but finding that a big tall stack leaves too much inefficient space around ea bucket. 55 gallon drums are one possible solution I've considered. Also like these crates to stack and rack 1 ton in each- You must be logged in to see this link. |
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deleted
54 Posts |
Posted - 05/27/2009 : 16:26:46
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| I've started storing my copper in 3.5 gallon buckets. They sell these buckets at Lowes. I thought it might be a little lighter than a 5 gallon bucket, easier to manage. I did sort a 5 gallon bucket of pennies a few weeks back and had a little trouble moving the bucket (hard wood floors, didn't want to scoot it and scratch them). One thing you wouldn't have to worry about with a 55 gallon drum.... Theft, unless they had a crane! |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/27/2009 : 16:46:57
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| dunkin donuts have 1 or 2 gallon buckets that frosting come in. if you are nice, they'll save them for you. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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n/a
deleted
13 Posts |
Posted - 05/27/2009 : 17:57:27
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| The main problem you could run in to (besides the sheer weight) is verdigris. The 55-gal drum will probably not be airtight. |
Hardcore Lincoln Collector and Copper Hoarder! |
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digitalfour
Penny Sorter Member
74 Posts |
Posted - 05/27/2009 : 18:42:26
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I've got my small stash stored in an ammo can. It can fit just under $50 rolled, probably more loose.
You must be logged in to see this link.
Obviously not for someone with enough pennies for a 55 gallon drum though.  |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 05/28/2009 : 09:57:29
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We use plastic 55 gal drums at work. they have 2-2" holes in the top. They can be sealed and made air tight, but you would have an aweful time getting them back out. Some of our products weigh up to 600lbs as was said earlier.
We also use 15 gallon drums. I have thought about using them. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 05/28/2009 : 17:14:21
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Canvas/plastic bags everywhere. It would suck to move a few of those 55 gallon drums, or even unload one if the cents were loose inside.
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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n/a
deleted
23 Posts |
Posted - 05/28/2009 : 20:32:56
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Assuming a nice smooth floor in an open floor plan building, a pallet, a good pallet jack, & a 55 gallon plastic liner, I would see no reason not to use a 55 gallon drum, but like other have suggested, placing the pennies in smaller & liftable units. Just my thoughts.  |
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n/a
deleted
23 Posts |
Posted - 05/28/2009 : 20:44:57
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| Assuming a nice smooth floor in an open floor plan building, a pallet, a good pallet jack, & a 55 gallon plastic liner, I would see no reason not to use a 55 gallon drum, but like other have suggested, placing the pennies in smaller & liftable units. Just my thoughts. |
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n/a
deleted
23 Posts |
Posted - 05/28/2009 : 20:56:29
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| Assuming a nice smooth floor in an open floor plan building, a pallet, a good pallet jack, & a 55 gallon plastic liner, I would see no reason not to use a 55 gallon drum, but like other have suggested, placing the pennies in smaller & liftable units. Just my thoughts. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/28/2009 : 21:13:00
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quote:
Originally posted by NotABigDeal
Canvas/plastic bags everywhere. It would suck to move a few of those 55 gallon drums, or even unload one if the cents were loose inside.
Deal
Exactly! At least bag them in smaller amounts and place them in the drum....but than whats really the point of the drum? |
Copper Penny Investing
www.portlandmint.com |
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Storage - the 55 Gallon Drum . . .
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