Selling Pre-1983 pennies for more than one cent

[thegreatfindingfinder]

I just started looking through pennies and I've separated the -1982 from the 1983-2013 because of the high copper content in the Pre-1983. I know they're worth 2-3 cents a piece but I don't know where to sell them to get that much.

 

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[Wickaboag]

I just started looking through pennies and I've separated the -1982 from the 1983-2013 because of the high copper content in the Pre-1983. I know they're worth 2-3 cents a piece but I don't know where to sell them to get that much.

If I knew I could sell the buckets full I have...
If you find it let me know.. ;-)
Wicka

 

[CRHlover]

I just startedCRH amd I have just less than a gallon full lol not worth much to sell right now. I mean maybe like10 buckfor9 dollars worth or something like that but thats probably the best you will get

 

[Coin Town]

I just started looking through pennies and I've separated the -1982 from the 1983-2013 because of the high copper content in the Pre-1983. I know they're worth 2-3 cents a piece but I don't know where to sell them to get that much.

I sell them on eBay...

 

[CRHlover]

I sell them on eBay...

How is that working out for you??

 

[Coin Town]

How is that working out for you??

Not to bad actually! I am realistic in the sense that I know I cannot expect to get 2x face through eBay sales but if I can average around a 15% profit margin (about $4 per $15 sold) I'm happy with that.

I go through thousands of cents as it is already looking for wheaties and IH so the way I see it it doesn't take any more time to pull out copper while I am sorting. I sell them in rolls in $15 lots plus $5.80 for small flat rate shipping. Each lot fits snugly in a small flat rate box so its perfect!! Conveniently enough six small flat rate boxes for snugly inside a medium flat rate box so if a buyer wins multiple auctions (3 or more for it to make sense) I charge $14 and combine shipping.

Sales usually wind up around $28-$29 (including the $5.80 for shipping) so after fees and any misc supplies I may have to get occasionally such as tape, I NET between $3.50 - $5.00 depending on the final price. I also will sell as a buy it now price base on the current price of copper. Typically I will sell those at about 90% melt value and include free shipping. I just had a few listed for $28.49 plus free shipping...current melt at the time was about $31 and change.

There are plenty of people who buy copper cents because they don't have time or patience to find it themselves. I now have repeat buyers who bid immediately and/or buy it right away during a fixed price sale.

As I said I am not getting rich doing this but since I search all these coins anyways I may as well get something for it in return! I truly enjoy it and not to mention it adds money to my "buy the wife nice birthday, anniversary and Christmas gift" fund!!!

I could do a little more thorough write up on this I I wasnt typing it all on my phone!!!!
HH!

 

[CRHlover]

Not to bad actually! I am realistic in the sense that I know I cannot expect to get 2x face through eBay sales but if I can average around a 15% profit margin (about $4 per $15 sold) I'm happy with that.

I go through thousands of cents as it is already looking for wheaties and IH so the way I see it it doesn't take any more time to pull out copper while I am sorting. I sell them in rolls in $15 lots plus $5.80 for small flat rate shipping. Each lot fits snugly in a small flat rate box so its perfect!! Conveniently enough six small flat rate boxes for snugly inside a medium flat rate box so if a buyer wins multiple auctions (3 or more for it to make sense) I charge $14 and combine shipping.

Sales usually wind up around $28-$29 (including the $5.80 for shipping) so after fees and any misc supplies I may have to get occasionally such as tape, I NET between $3.50 - $5.00 depending on the final price. I also will sell as a buy it now price base on the current price of copper. Typically I will sell those at about 90% melt value and include free shipping. I just had a few listed for $28.49 plus free shipping...current melt at the time was about $31 and change.

There are plenty of people who buy copper cents because they don't have time or patience to find it themselves. I now have repeat buyers who bid immediately and/or buy it right away during a fixed price sale.

As I said I am not getting rich doing this but since I search all these coins anyways I may as well get something for it in return! I truly enjoy it and not to mention it adds money to my "buy the wife nice birthday, anniversary and Christmas gift" fund!!!

I could do a little more thorough write up on this I I wasnt typing it all on my phone!!!!
HH!

Wow! That's not bad at all. I might have to look into that! It just gives me more money to go CRH with! Also I do basically all pennies so getting alot of copper pennies should be no problem!

 

[Coin Town]

Wow! That's not bad at all. I might have to look into that! It just gives me more money to go CRH with! Also I do basically all pennies so getting alot of copper pennies should be no problem!

The downside if I had to find one is when you sell some and LOSE money! The break even after fees and everything else is about $17.68 or something. I start all auctions at $.01 and do not set a reserve price. I sold one for just over $17 and lost about $.50 on the deal!

Once you establish yourself as someone who has copper cents people return to buy more and bidding gets higher.

HH and good luck!

 

[usandthem]

I just started looking through pennies and I've separated the -1982 from the 1983-2013 because of the high copper content in the Pre-1983. I know they're worth 2-3 cents a piece but I don't know where to sell them to get that much.

Not all '82s are copper. Some are zinc.