silversnacher
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I have about 20 lbs of copper cents and don't know how to sell them or if I should save them
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Do you save copper?
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silversnacher
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I guess that is a good idea when I have grand kids it will probably be in like 40 ish years so they will be pretty cool then I guess...
BuffaloBoy
Gold Member
I personally hand picked an entire box of pennies for copper, it took FOREVER, I eventually asked myself, "why am I doing this?" and tossed them back.
of course there are people that strongly oppose me, I say don't spend your time sorting copper pennies.
HH
Buff
of course there are people that strongly oppose me, I say don't spend your time sorting copper pennies.
HH
Buff
silversnacher
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How do you find a buyer?
jnb1994
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My personal opinion on it is you should at least have a box of copper. How much is a 25 dollar investment really going to hurt? Anyone can afford 25 bucks and in a couple years or longer it could really be worth a lot, but will never be completely worthless. And if you can find a buyer then even better
Diver_Down
Silver Member
Sell on Craigslist or eBay. Once you have completed one sale, you can continue a buying/selling relationship outside of eBay and avoid the fees.
Did you ever see this article which was posted here a few months back? If Laws Change, 'Penny Hoarders' Could Cash in on Thousands of Dollars - ABC News
Youngs' operation, the Portland Mint, is locked inside a secure facility that deals with armored cars -- selling and shipping to clients in every state -- and works in pennies by the ton. He said he has clients with deep pockets who are storing huge sacks of pennies and he has inquires from hedge funds.
"Just in face value alone, about $270,000 dollars [in pennies] right now," Youngs said. "That is just the face value, that is not even the copper value. The copper value is about three times that much."
IMHO I would say to get at least 100-200 saved then try to sell some of that as long as you have the funds and if not just try to sell the first 25-50 that you get. The number one rule of investing is to be diversified, silver and gold are good but a little copper surely can't hurt if you can afford it. People who put all of their eggs into one basket end up eating plain omelets. It always helps when you are selling something that you can say I have more of those if you want.
Youngs' operation, the Portland Mint, is locked inside a secure facility that deals with armored cars -- selling and shipping to clients in every state -- and works in pennies by the ton. He said he has clients with deep pockets who are storing huge sacks of pennies and he has inquires from hedge funds.
"Just in face value alone, about $270,000 dollars [in pennies] right now," Youngs said. "That is just the face value, that is not even the copper value. The copper value is about three times that much."
IMHO I would say to get at least 100-200 saved then try to sell some of that as long as you have the funds and if not just try to sell the first 25-50 that you get. The number one rule of investing is to be diversified, silver and gold are good but a little copper surely can't hurt if you can afford it. People who put all of their eggs into one basket end up eating plain omelets. It always helps when you are selling something that you can say I have more of those if you want.
silversnacher
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Lol just watched it on you tube a few minutes before I saw your post!
Uncleslick18
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I do like 500 face in pennies a week. I've probably sorted out 100 face in wheats already, been doing it for like 6 months...
I look at it as saving my money, because I am horrible at saving. You can't go spend 100 dollars worth of pennies! So it just sits in the basement, so eventually I will either sell it for more than it cost me, or if worst comes to worst, just bring it to the bank and dump it in the coin machine and get the money back... The nice thing about the cents is that it's impossible to lose! If you have the spare dough that you don't need, why not tie it up so you can't waste it on worthless stuff??
Plus you can find lots of stuff you can make money on, like the wheats if you sell them right.. I also found my 10th steel cent and my 6th Indian head today.
Doing cents is a lot of work and is time consuming, but I have fun doing it...
I look at it as saving my money, because I am horrible at saving. You can't go spend 100 dollars worth of pennies! So it just sits in the basement, so eventually I will either sell it for more than it cost me, or if worst comes to worst, just bring it to the bank and dump it in the coin machine and get the money back... The nice thing about the cents is that it's impossible to lose! If you have the spare dough that you don't need, why not tie it up so you can't waste it on worthless stuff??
Plus you can find lots of stuff you can make money on, like the wheats if you sell them right.. I also found my 10th steel cent and my 6th Indian head today.
Doing cents is a lot of work and is time consuming, but I have fun doing it...
sax player
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Wouldent you loose $ on the shipping?
I can't even imagine the weight of a box of pennies and the postage you need to ship it...
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silversnacher
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You could make the buyer pay it I guess...
USPS flat rate shipping - if it fits, it ships. Just make sure u tape the HELL out of it! They have destroyed a couple of my packages... USPS sucks, & mark my words, they will be out of business in 5 yrs!
