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 Copper Penny Bullion Investing
 The determining characteristics of an "Ugly Abe."
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Silver Surfer
Penny Pincher Member


USA
148 Posts

Posted - 07/12/2009 :  22:19:10  Show Profile Send Silver Surfer a Private Message
Verdigris.
General unattractiveness.

Are there any other "qualities" or lack of qualities that you take into account when determining if a cent is unworthy enough to be considered an "Ugly Abe?"



HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 07/12/2009 :  22:20:29  Show Profile Send HoardCopperByTheTon a Private Message
Dings, scrapes, pock marks, bent

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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Ant
Penny Hoarding Member



USA
894 Posts

Posted - 07/12/2009 :  22:24:01  Show Profile Send Ant a Private Message
Stickiness.

Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote

Coins are the metallic footprints of the history of nations. --William H. Woodin
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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 07/12/2009 :  22:27:32  Show Profile Send Silver Surfer a Private Message
How about if the obverse is flawless but the reverse has some visible verdigris? Or vice versa. How about just a spot of verdigris and no other flaws?

"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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Gr33nday43
New Member



Uzbekistan
10 Posts

Posted - 07/13/2009 :  04:07:21  Show Profile  Send Gr33nday43 a Yahoo! Message Send Gr33nday43 a Private Message
copper is copper to me. If anyone is interested in getting rid of your "ugly abes", send them to me. I'll pay face + shipping.
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AgCollector
Penny Collector Member



USA
266 Posts

Posted - 07/13/2009 :  08:07:02  Show Profile Send AgCollector a Private Message
quote:
Originally posted by Silver Surfer

How about if the obverse is flawless but the reverse has some visible verdigris? Or vice versa. How about just a spot of verdigris and no other flaws?



To some extent, it's subjective.
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TXTim
Penny Hoarding Member



629 Posts

Posted - 07/13/2009 :  14:41:50  Show Profile Send TXTim a Private Message
Holes usualy hurt. I got one box that had over 20 drilled out coppers in it!
Not really ugly, just holy!

Beer is my currency.
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theo
Penny Hoarding Member



USA
588 Posts

Posted - 07/13/2009 :  15:08:24  Show Profile Send theo a Private Message
If it has a large amount of a foreign substance on it or its misshapen or defaced in some way. In most cases if I can see the date I put it in my general pile. However, my base standard is that if it is not fit for commerce, I consider it an "ugly Abe."

Edited by - theo on 07/13/2009 15:09:04
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daviscfad
1000+ Penny Miser Member



USA
1664 Posts

Posted - 07/13/2009 :  16:36:48  Show Profile Send daviscfad a Private Message
badthad sells some stuff to get rid of verdigris shoot him a pm

Inquiring minds want to know
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Cody8404
Penny Hoarding Member



USA
602 Posts

Posted - 07/13/2009 :  17:26:42  Show Profile Send Cody8404 a Private Message
Do you keep your ugly abes sepaaaaaae from the other coppers? I do.

Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ.
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MatLock
Penny Pincher Member



USA
122 Posts

Posted - 07/13/2009 :  17:34:04  Show Profile Send MatLock a Private Message
I don't care, copper is copper I keep them in the same hoard.

"ugle Abe", something that makes touching the penny uncomfortable. Or, major dings, one or two is fine with me. Or, bent, of course to any extent. Or, scratched up, one little scratch who cares :)
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theo
Penny Hoarding Member



USA
588 Posts

Posted - 07/13/2009 :  18:02:37  Show Profile Send theo a Private Message
quote:
Originally posted by Cody8404

Do you keep your ugly abes sepaaaaaae from the other coppers? I do.



Yes, I separate and roll them. They will be the first ones into the furnace when the melt ban is lifted. Also if I ever sell some of my general stash, I want to be able to make some representations as to condition. I also separate and roll AUs/BUs and Canadian coppers.
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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 07/14/2009 :  17:05:22  Show Profile Send Silver Surfer a Private Message
quote:
Originally posted by Gr33nday43

copper is copper to me. If anyone is interested in getting rid of your "ugly abes", send them to me. I'll pay face + shipping.



That's right. Copper is copper. But, you don't actually keep severely gunked up and green, corroded copper cents in the same containers with your nicer quality, AU/BU copper cents, do you?

"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

Edited by - Silver Surfer on 07/14/2009 17:07:48
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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 07/14/2009 :  17:21:38  Show Profile Send Silver Surfer a Private Message
quote:
Originally posted by theo

However, my base standard is that if it is not fit for commerce, I consider it an "ugly Abe."



I agree with your summation here. How much scrutiny do you place on each individual cent?

"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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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 07/14/2009 :  17:31:38  Show Profile Send Silver Surfer a Private Message
quote:
Originally posted by daviscfad

badthad sells some stuff to get rid of verdigris shoot him a pm



Yes, I've read good things about verdi-gone. I may have to try it sometime.

"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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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 07/14/2009 :  17:37:56  Show Profile Send Silver Surfer a Private Message
quote:
Originally posted by Cody8404

Do you keep your ugly abes sepaaaaaae from the other coppers? I do.



Same here. If they have the slightest hint of green corrosion (verdigris), they go in with the "ugly Abes."

"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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dbzfan
New Member



USA
11 Posts

Posted - 07/15/2009 :  19:57:43  Show Profile Send dbzfan a Private Message
I have a few wheats that the only way I can tell what they are is the back. I cant even tell what date it is. the face is all corroded. a wheat is a wheat, tho
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dakota1955
1000+ Penny Miser Member



2212 Posts

Posted - 07/15/2009 :  20:03:43  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
If I get a wheat that back I put them in with the copper.
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 07/19/2009 :  11:01:46  Show Profile Send HoardCopperByTheTon a Private Message
I ship them to misteroman.

I toss them in extra buckets when I am "refining" my copper.

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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c140cessna
Penny Collector Member



USA
419 Posts

Posted - 07/19/2009 :  23:01:31  Show Profile Send c140cessna a Private Message
Does anyone else hammer their bent coins flat? I have a pig flat piece of steel and a hammer on the hoarding work bench....flatten the bent Abe out.

The coins that are stuck together....i put in a bucket of water and let them soak....about 75% will disolve apart. The rest i pull apart with a knife and clean up with mineral spirits.

If they are really funky....they go into the trash.

Edited by - c140cessna on 07/19/2009 23:02:16
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slickeast
1000+ Penny Miser Member



USA
2533 Posts

Posted - 07/20/2009 :  13:16:31  Show Profile Send slickeast a Private Message
quote:
Originally posted by c140cessna

Does anyone else hammer their bent coins flat? I have a pig flat piece of steel and a hammer on the hoarding work bench....flatten the bent Abe out.

The coins that are stuck together....i put in a bucket of water and let them soak....about 75% will disolve apart. The rest i pull apart with a knife and clean up with mineral spirits.

If they are really funky....they go into the trash.



You edited your post but are using a "pig" and a hammer?

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

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PreservingThePast
1000+ Penny Miser Member



USA
1572 Posts

Posted - 07/20/2009 :  19:11:36  Show Profile Send PreservingThePast a Private Message
Gosh, reading these descriptions that seems to account for every single penny I search these days. Some really disgusting stuff showing up now.

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