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Thread: Copper penny stockpilers how much is "enough"?

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  1. #1

    Aug 2012
    334
    49 times
    All Types Of Treasure Hunting

    Copper penny stockpilers how much is "enough"?

    As I approach filling up my first 5 gallon bucket when do you think its enough?

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  3. #2

    Jul 2012
    566
    227 times
    Quote Originally Posted by sheepdog_tx
    As I approach filling up my first 5 gallon bucket when do you think its enough?
    One billion coins ought to do it!!!

    I'd say If you enjoy it and have the room to store it just keep going! Can't hurt anything (except maybe your floors or you foundation or even your back:-))

    I just keep re-rolling and filling $25 cent boxes then stacking them like bricks. Seems to work ok. Although I don't have nearly as many as you at this point so storage is not an issue!
    FormerTeller likes this.

  4. #3
    kfs
    kfs is offline
    us
    Jul 2012
    331
    95 times
    All Types Of Treasure Hunting
    Eventually, storing away even pennies get expensive especially since there is no market for the copper because of the ban. What the heck, a billion might be a little over the top but what is another one or two 5 gallon buckets if you are up for it and will not trip over the buckets in the middle of the night.
    TimZim likes this.

  5. #4
    kfs
    kfs is offline
    us
    Jul 2012
    331
    95 times
    All Types Of Treasure Hunting
    How many pennies fit in a 5 gallon bucket any ways?

  6. #5
    Charter Member
    us
    It's there,you just gotta look for it!

    May 2011
    Western Mass.
    Whites M-6 W/ DD6x10 SunRay DX-1 Garrett SeaHunter MarkII used with a Hookahmax
    5,829
    1786 times
    All Types Of Treasure Hunting
    Quote Originally Posted by kfs View Post
    How many pennies fit in a 5 gallon bucket any ways?
    A LOT!!!!!!!!!!!!!!!
    Ever wonder where your thoughts come from?

    Everyone has a right to be WRONG,but,

    it's not RIGHT to be wrong.

  7. #6
    us
    Jun 2011
    Southeastern MI
    1,124
    184 times
    Too much is relative, how much money do you have tied up in copper? ($100 in copper US pennies weighs 68.5 lbs) How much money to you have invested in silver ($30/oz) or gold ($53/gram). Diversify is my suggestion to you. When you make one type of investment, you lose the oppertunity to make another.

  8. #7

    Aug 2012
    USA
    488
    118 times
    Coin Roll Hunting Dimes
    when you all your money becomes "copper pennies"... thats enough
    ***2013 RESULTS***

    Dimes
    CRW 3752$ : 30 Silver dimes -
    MWR 950$ : 2 Silver dimes


    Pennies
    CRW3$ : 7 wheats
    MWR 25$ : 20 wheats

    Quarters:
    MWR 50$: Nope
    CWR 220$: Nope (repacked dumps)

    Nickels
    CWR 10$ : 0 Nope
    MWR 600$ : 13 Silvers 3 buffalos, 1 misaligned die

    TELLER TRAY:
    1 1964

    125$ in halves:
    2 40%

    Reject:
    15$ Foreign money 17 silver dimes, 200$ clad,2 silver quarters
    4.14 ounces of silver collected in 2013

  9. #8
    us
    Aug 2011
    1,863
    799 times
    All Types Of Treasure Hunting
    If you have money to tie up and lots of time to waste. And a very small brain keep going. I have about 200 lbs why tell me why why did i waste my time looking at all the dirty pennies

  10. #9
    us
    you may love what you do. but you still need a hobby

    Mar 2007
    denver
    Whites MXT, vision v3i,
    164
    9 times
    All Types Of Treasure Hunting
    you have not even scratched the surface my brother wants ten TONS bit much for me. my strategy will be let some one else pay for my hoard a bucket holds about or a little over $200 "est from my dumps" i will stock pile batches sell and what little profit their is i will use as free and clear copper hoard i keep all wheats sep their is a small prim to be had if you get enough even for junk years. i will eventually sort my coppers for "cherry picking" dbl die.
    in the end it is really up to YOU i sort pennies dimes and halves at the moment saving silver and copper is a hobby i don't look at it as cost effective nor profitable for time spent.

  11. #10

    Aug 2012
    854
    510 times
    All Types Of Treasure Hunting
    I'm feeling the same way. I've got several boxes of copper pennies. I'm tempted to just start throwing them back.

    I'm also saving pre 82 Canadian nickels and pre 96 canadian cents... sigh.

  12. #11
    us
    Apr 2011
    1,127
    592 times
    I'm up to $500 worth, a bit more than 300 lbs. I've got a bit of discretionary cash, and it's as good a way to save as any - better than most, considering the stock market and current interest rates, even if I sell them at only 1.2 cents each. I don't plan on selling though until either melting is legalized, or until I can get 2 cents each for them.

    To answer the OP's question, enough for me is when I can't afford to tie up any more money saving copper cents, or when I can't afford the time to search.
    Last edited by FormerTeller; Aug 22, 2012 at 11:17 PM. Reason: forgot to answer question

  13. #12
    us
    Sep 2011
    N.J
    383
    80 times
    All Types Of Treasure Hunting
    There worthless until the melt ban is lifted (wont be for at least another 10-15 years)
    TimZim likes this.

  14. #13
    us
    Seeker of enough wealth to quit my job.

    Jul 2012
    Freakmont
    940
    209 times
    All Types Of Treasure Hunting
    They are "worth" sorting , depending on your needs, means and objective.

  15. #14

    May 2006
    CO, AZ
    dfx, Ryedale!
    1,642
    133 times
    WHY do you people KEEP saying that copper pennies are worthless until the ban is lifted. I have sold TENS OF THOUSANDS of coppers for 1.6 cents per penny. That's a 60% gain on my money. tell me ANY stock you can buy today where you can sell it TODAY for a 60% profit, with a ZERO percent chance of ANY loss! I think investing in pennies is a GOOD idea. So give it a rest. "If you have money to tie up and lots of time to waste. And a very small brain keep going" a small brain?? If you don't sort pennies, then don't! But to say you need a small brain to sort pennies? TERRIBLE way to treat fellow CRHers

    Yes, you can sell your halves for a LOT more than the pennies. But when I am sitting on an 88 box skunk streak that doesn't look like it will end (I DO find in hand rolls, and pick up ALL of those while I pick up my PENNIES at the bank) then it's not a CHOICE for me to just go get all the halves I want instead. I have over 3 toms of pennies in my garage, because right now the prices are down so I don't see a reason to sell them for a little less. Nor do I need to. But I've sold them at numerous times at my 1.6X face, EVEN TO TWO BUYERS FROM HERE, and if I like it, how DARE you say I must have a small brain to do it or that it is worthless.

    I praise you for your finds. And wish you the best of luck. But don't tell me that making 60% is bad, especially on the volume I can do in coppers versus finds in silver, or that it means I have a small brain. And no - it wasn' said as a joke. It was said as a mockery of penny hunters. That's not what this forum is supposed to be about!

  16. #15
    us
    Aug 2011
    1,863
    799 times
    All Types Of Treasure Hunting
    It seems theres a lot of young crh that don't have much money. So pennies could be just the thing for them But i don't think so why should they tie up there small amount of money?? I did 200lbs of pennies and the truth be told you can be brain less and find copper all day long. Am sure jrf30 does'nt hand sort 3 tons of pennies?? do you?? I sure hope not. The guys that do pennies because there don't have the cash have to hand sort. If i only had pennies to do i would shoot my self in the head! Silver is over $30 an oz again.

  17. #16
    us
    Jun 2011
    Wisconsin
    678
    109 times
    Coin Roll Hunting
    You will know it when it happens. Until then, keep stacking it up. Once you have a respectable stack, sell if you choose or hold. Whatever you feel good about is the right answer. There is no wrong way to do this hobby. Those who tell you that you are doing it wrong because you are doing it differently than they do it are contemptuous fools with no respect (no respect for the hobby and no self respect for that matter).

    As TimZim said, it is easy to find copper. You do have to have a bit of intelligence though to turn the finds into profit. Not everyone is capable of doing that. Some cretinous hunters think that the only market for anything is the LCS and that if the LCS won't buy it, it is worthless.

    JRF is a great example of someone who routinely makes a profit with cents. You could do it also if that is what you are after. Or, just stack them so that you have a head start when/if everybody starts keeping them for speculation.
    A Penny Sorted is a Penny Earned

    Salute the LOOT

  18. #17
    Charter Member
    us
    May 2008
    Rockwall, TX
    485
    71 times
    Beach and Shallow Water Hunting
    Quote Originally Posted by TimZim View Post
    It seems theres a lot of young crh that don't have much money. So pennies could be just the thing for them But i don't think so why should they tie up there small amount of money?? I did 200lbs of pennies and the truth be told you can be brain less and find copper all day long. Am sure jrf30 does'nt hand sort 3 tons of pennies?? do you?? I sure hope not. The guys that do pennies because there don't have the cash have to hand sort. If i only had pennies to do i would shoot my self in the head! Silver is over $30 an oz again.
    When I grow up, I want to be like Tim... except with better grammar.
    TimZim, Wickaboag and FormerTeller like this.

  19. #18
    us
    Feb 2008
    Great Lakes State
    #7
    8,574
    917 times
    silver surfing
    Faster, easier, and cheaper to look for scrap. Just found 23 pounds worth of copper gutter along the road.

  20. #19
    us
    OCD Coin Hunter

    May 2011
    184
    15 times
    To each his own. Halves still produce for me and I would prefer to stockpile silver anyway, so I don't actively search pennies for copper. However, I certainly wouldn't say someone has a small brain for doing it. In sorting cents for copper you are almost guaranteed to find something (far different than searching halves and dimes for silver) and you aren't tying up a huge amount of money. I've even thought about getting a Ryedale but don't think I would be able to maintain an adequate supply to feed it and make my money back. If you have kids it could also be a good way to introduce them to the hobby - Junior searches his box of pennies while daddy searches his box of halves.

    I think the logic of sorting cents for copper is solid. The only question is do you like doing it and/or are you willing to invest the time and funds.
    sagittarius98 likes this.
    SilverInCirculation.com - My Personal CRH Blog

  21. #20
    us
    Feb 2012
    516
    152 times
    All Types Of Treasure Hunting
    Quote Originally Posted by kfs View Post
    How many pennies fit in a 5 gallon bucket any ways?
    Roughly 25,000.

 

 
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