thinking of buying a COOL BLUE Ryedale Penny Sorter

[MoneyBags]

one question I have though is it can do like 10-15k pennies per hour, so what are the best ways to get like 50,000-100,000 pennies weekly without pissing off the banks?

 

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[JobIII]

Hi Merc,

There isn't a great market for copper cents right now, it's definitely a buyers market. I've sold copper cents on Ebay, coin forums like this one, Craigslist, and at local coin shops. The price varies a lot between 1.1-1.9 x face value. Yes, I have seen people selling copper cents for just 1.1 x face. The average buying price is between 1.3-1.4 x face (shipped or delivered).

~JobIII

 

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[Merc Crazy]

Last time I sold some culled out copper ($700 worth) I got 1.65 including shipping... not worth it to me if I can't get at least that...

 

[JobIII]

That's pretty good, better than anything I was getting even through occasional Ebay sales. My first thought would be to try and see if that contact would want more copper. I've had luck checking in with buyers to see if they wanted more. Even if it takes a while to make the sale, you're doing really well to get 1.5 or better. Have you tried Ebay yet?

 

[Merc Crazy]

That's pretty good, better than anything I was getting even through occasional Ebay sales. My first thought would be to try and see if that contact would want more copper. I've had luck checking in with buyers to see if they wanted more. Even if it takes a while to make the sale, you're doing really well to get 1.5 or better. Have you tried Ebay yet?

That's where I got that price, granted after fees it was a bit lower. I sold it all during a 2 day period when copper jumped a bit something like a year and a half ago.

 

[JobIII]

I hate how bad of a bite the fees from ebay/paypal are.

$700 in copper cents. Sold/shipped at 1.65 x Face so the auction would end showing something like this $1085 + $70 (S/h). Then Ebay takes $100, paypal $34, shipping $70. And the total is now $951 or 1.36 x Face.

 

[Merc Crazy]

That was hand sorted too. Haha.

 

[JobIII]

Sorting $700 in copper cents by hand is no small task.

 

[Merc Crazy]

Sorting $700 in copper cents by hand is no small task.

Thanks, I've got another $200 or so laying around that was also hand sorted... boring days at work = sorting boxes of cents/nickels.

 

[mercury1]

one question I have though is it can do like 10-15k pennies per hour, so what are the best ways to get like 50,000-100,000 pennies weekly without pissing off the banks?

Probably need to hit multiple banks for that. Also that's a lot of zinc to dump. I've got about $300 face from hand sorting. I started with cents picking up 4 to 6 boxes per week but I'm down to one box per week because I'm just going to sit on the Cu and I figure over time I'll have as much as I really want to deal with. Also I'm more into the Ag now. Are you selling your Cu or sitting on it?