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Thread: Value of 5 gal bucket of copper?

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  1. #1
    us
    Jul 2012
    East Coast
    Ace 250, AT Pro, Garrett Pro Pointer
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    138 times
    Metal Detecting

    Value of 5 gal bucket of copper?

    Everyone scolded me for selling my 40%ers for $4 a pop. Well, I am about to sell a 5 gallon bucket of 1959-1982 copper cents. I'd like to hear what people think I should get for it. Thanks.

  2. #2

    Aug 2012
    1,015
    587 times
    All Types Of Treasure Hunting
    I'd start rolling.

  3. #3
    us
    Jul 2012
    East Coast
    Ace 250, AT Pro, Garrett Pro Pointer
    320
    138 times
    Metal Detecting
    Quote Originally Posted by accordselux View Post
    I'd start rolling.
    What for?

  4. #4

    Aug 2012
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    All Types Of Treasure Hunting
    A 5 gal bucket is kind of ungainly. Sure, you can get an accurate scale and start weighing out pennies in 5 lb bags, but rolling would be more reliable. People know the weight of a copper penny, and can multiply it out. That's what I do, at least.

  5. #5
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
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    over 9000
    Infector101 likes this.
    HH
    BuffaloBoy

  6. #6
    us
    Jul 2012
    East Coast
    Ace 250, AT Pro, Garrett Pro Pointer
    320
    138 times
    Metal Detecting
    i weighed 1/2 gallon and got approx 22 lbs. 220 lbs for 5 gal. 220 lbs is 99,790 grams / 3.11 = 32,086 or $320. I'd like to know what people think I could realistically get for it. I was offered $463...

    Not sure what over 9000 means?

  7. #7
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
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    Quote Originally Posted by toorude89 View Post
    Not sure what over 9000 means?
    over 9000 pennies, of course :-)
    HH
    BuffaloBoy

  8. #8
    us
    Dec 2009
    Brookland, AR
    E-trac, White's DFX
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    All Types Of Treasure Hunting
    Melt is $3.57 per pound on copper. If you have 220 lbs., my math says you have $746.13 in melt value (220 x $3.57 x 0.95). With that said, I have no idea where you can sell them for anywhere close to melt. The best way to sell them that I have seen, and admittedly I haven't researched the matter that thoroughly or checked the selling activity in a long time, was to sell them on eBay in $100 face value lots. I believe the weight of $100 face falls just below the maximum weight limit for flat-rate shipping from the USPS. The last time I checked, they were selling for 1.3-1.5 x face value, but that was quite awhile ago. Current prices may be different.
    Last edited by ArkieBassMan; Dec 30, 2012 at 03:00 PM.
    fistfulladirt likes this.

  9. #9
    us
    Apr 2011
    1,164
    619 times
    So basically you were offered 1.4 cents per coin? You could probably negotiate pretty easily up to 1.5 each, which would be my selling point.

  10. #10

    Nov 2012
    Super-Skunksville x1000.
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    C R H 'N
    Quote Originally Posted by FormerTeller View Post
    So basically you were offered 1.4 cents per coin? You could probably negotiate pretty easily up to 1.5 each, which would be my selling point.
    If he's getting this outside of ebay, it's a really good deal for the person buying it. 1.5 is the very minimum if I say the least

 

 

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