I am 2500 wheats behind in my dating!

[jrf30]

I open boxes and pull the wheats. And get them from the copper side of my Ryedale when I am done sorting. Then, I throw them into a wheat box, and later go through them and put them in rolls by dates. I mark how many of eacht date I have.

I now have a FULL box of wheats pulled and sorted but not yet catalogued by date. I'm a full 2500 coins behind on dating them.

I have about 11,000 already showing by date, but I've never been this far behind in posting dates on new finds. I guess I"m not as excited to date them as I was when I had 500 or so. LOL. But I'll take a weekend someday soon and go through them all. Get them dated and posted, so I know what I have.

Been finding a lot of wheats though lately. Been doing a LOT of pennies. The Ryedale has been working perfectly, the halves are still terrible, so my copper pennies are building up. I haven't sold any in a while, but have an offer of 1.5 cents each for a million coins if I want to sell a large batch. I mioght do that, to drop my inventory back down. I'm not quite there yet with what I have in storage right now, but getting close. And - that's up 50% from my cost, so sorting copper DOES still make sense. At least to me. And that doesn't include all the wheats I'm collecting. :-) I have four full rolled boxes of nothing but wheats and working on my fifth. Soon I may have to sell WHEATS, just for space. Gotta date them first though ...

 

Amazon Forum Fav 👍

Family Maps of Hinds County, Mississippi, Deluxe Edition - Grab it through Amazon!

[jrf30]

My list of pennies by date. About 2500 short of what I actually have, but this from the last update I did. A while back.
My better finds? two of the 1909 VDB, 1911D, 1912S, 2 - 1913D, 1914S, and others. My biggest dates? Over 750 each of the 1956D and 1957D. the "value" on my chart is the BID side a while back from a coin dealer I was working with. have not seen him in 2 years or so, but kept his values to show me the potentia variances. I don't know why there are gaps in the chart, and I can't get them out of this post, so scroll down when it seems to end and you are not at the actual end yet.

Date	Have	Value		Date	Have	Value
1909	2	$1.15		1935	88	$0.04
1909 VDB*	2	$9.00		1935-D	14	$0.05
1909-S		$47.00		1935-S	12	$0.06
1909-S VDB*		$550.00		1936	116	$0.04
1910	11	$0.16		1936-D	15	$0.05
1910-S		$5.85		1936-S	10	$0.06
1911	10	$0.15		1937	106	$0.04
1911-D	1	$3.45		1937-D	30	$0.05
1911-S		$15.50		1937-S	14	$0.06
1912	4	$0.70		1938	43	$0.04
1912-D	1	$4.35		1938-D	14	$0.07
1912-S	1	$9.50		1938-S	4	$0.10
1913	5	$0.39		1939	124	$0.04
1913-D	2	$1.65		1939-D	9	$0.09
1913-S		$4.85		1939-S	22	$0.05
1914	2	$0.32		1940	237	$0.03
1914-D		$125.00		1940-D	76	$0.04
1914-S	1	$10.15		1940-S	65	$0.04
1915	1	$1.00		1941	222	$0.03
1915-D	1	$1.00		1941-D	56	$0.04
1915-S		$6.65		1941-S	37	$0.04
1916	12	$0.10		1942	185	$0.03
1916-D	1	$0.35		1942-D	79	$0.03
1916-S		$0.65		1942-S	32	$0.03
1917	28	$0.12		1943***	136	$0.12
1917-D	1	$0.15		1943-D***	16	$0.13
1917-S	4	$0.16		1943-S***	17	$0.15
1918	39	$0.12		1944	448	$0.03
1918-D	3	$0.16		1944-D	207	$0.03
1918-S	2	$0.14		1944-S	143	$0.04
1919	73	$0.12		1945	355	$0.03
1919-D	5	$0.12		1945-D	117	$0.03
1919-S	18	$0.14		1945-S	94	$0.04
1920	89	$0.06		1946	325	$0.03
1920-D	5	$0.08		1946-D	174	$0.03
1920-S	7	$0.16		1946-S	128	$0.04
1921	6	$0.12		1947	63	$0.03
1921-S		$0.50		1947-D	80	$0.03
1922**		$415.00		1947-S	54	$0.04
1922-D	2	$8.70		1948	97	$0.03
1923	15	$0.07		1948-D	71	$0.03
1923-S	1	$1.00		1948-S	42	$0.04
1924	8	$0.06		1949	90	$0.03
1924-D		$17.75		1949-D	70	$0.03
1924-S	2	$0.50		1949-S	41	$0.04
1925	38	$0.06		1950	98	$0.03
1925-D	1	$0.07		1950-D	170	$0.03
1925-S	1	$0.18		1950-S	60	$0.03
1926	43	$0.06		1951	89	$0.03
1926-D	5	$0.07		1951-D	328	$0.03
1926-S		$3.15		1951-S	94	$0.03
1927	32	$0.06		1952	52	$0.03
1927-D	1	$0.08		1952-D	442	$0.03
1927-S	3	$0.40		1952-S	93	$0.03
1928	39	$0.06		1953	79	$0.03
1928-D	4	$0.07		1953-D	364	$0.03
1928-S	2	$0.35		1953-S	180	$0.03
1929	68	$0.07		1954	26	$0.04
1929-D	12	$0.07		1954-D	157	$0.03
1929-S	13	$0.08		1954-S	57	$0.03
1930	43	$0.06		1955	99	$0.03
1930-D	24	$0.06		1955-D	369	$0.03
1930-S	6	$0.08		1955-S	22	$0.04
1931	3	$0.30		1956	147	$0.03
1931-D		$2.35		1956-D	754	$0.03
1931-S		$50.00		1957	83	$0.03
1932		$0.75		1957-D	760	$0.03
1932-D	1	$0.75		1958	104	$0.03
1933		$0.50		1958-D	661	$0.03
1933-D		$1.00		1956-D
1934	76	$0.04		1957-D
1934-D	14	$0.08		1958-D
	794				9666
	7.59%	10,460	so far in collection

 

Amazon Forum Fav 👍

Treasure of Victoria Peak - Grab it through Amazon!

[SilverForBrains]

Wow that's very useful, thanks!!! Can't wait to hear what you get in the fourth box

 

[jrf30]

Visit the mystical world of eBay. Happens every day.

jrf30, I run a Ryedale (thanks to you) and noticed that the zinc (reject) side gets some wheat action, too. They're usually earlier dates, so I started "double sorting" my cents. Takes twice as long, but I get some wheats that would have been 'rejected' to the zinc side.
.

Ramjet - don't double sort. Not worth the time. here's why and what I do.

The ryedale runs fast. I unwrap two rolls and put them in the top, then start my machine. I then continuously unwrap and pour in, and as fast as I pour in the Ryedale keeps up. When I am done unwrapping and pouring the last roll, the ryedale seems to still have only about 3 rolls worth on top, sorting through. It takes me about 6.5 - 7 minutes to do a complete box. BUT - while I am unwrapping, that is with my hands. My EYES? Are on the REJECT side. For exactly the reason you state. The comparitor is searching for coppers, and rejects everything else. And that means it "rejects" some wheats from before 1943, plus it rejects all the Indian heads. They are a little different composition than 1944 and later coppers, so they get rejected. Some still are accepted, but most are not. So I keep my eyes on the reject side. As dark colored pennies drop into there, I grab them and turn them over. I look. I FIND those wheats that go to that side. And if I miss one here or there? Not worth going for it! Why not? For the reason you said. You run the reject side again, running 80% of the coins a second time. While you are running those 80% coins again, looking for ONE penny, I am running a NEW box of coins, and getting the 9 wheats from THAT box, PLUS one of those I see with my eyes and keep as an older one ANYWAY, so I don't rerun the reject coins. Bottom line - I'd rather run a new batch and get 9 more wheats, one of which is old, than run the rejects and get JUST 1 old wheat that may be on the reject side. Oh - plus I get 19% more coppers again by running a new batch, making the difference even higher. Make sense?

As you do a lot of boxes, you get pretty good at seeing the potential older wheats as they come down the reject side. YOu don't miss them very often. :-) And one more thing that helps me at least. My coin conter at the local bank? It TOO rejects older wheats. HA! For the same reason. they don't match, so they are rejected. And yes, I find maybe one wheat getting rejected by that machine about every 300 boxes of pennies I do. So that helps me to know I am not missing many. And I get it anyway. Although I don't use that as my last resort, because it might let that coin go as accepted, and then it is gone. So I use my eyes while sorting, and use that as my main way to get the older ones.

I don't pick out wheats when I presort any more, since i normally open and dump at the same time, right into the machine. And I'm not looking a the coins I am dumping in the top of the Ryedale, since I am looking at the reject side. So that stops me from finding wheats before I put them in the machine. But I sort the coppers and get them there, and get "almost" all from the reject side, and I save a lot of time by not doing the second sort that you are talking about.

Hope that helps. :-)

 

[jrf30]

So penny CRHing is not bringing returns now, but is a future investment then? The return on silver being the best at this time, simply because currently there is little to no return on copper (the only return being on Ebay to other hoarders). I am guessing that if you can get a machine to do your sorting, and you can do a massive amount, then as long as you have a steady clientele on Ebay, you can make a small profit now.

Is that about right, or am I missing something else?

Nope, not accurate. the profit on pennies IS for now, not for the future alone, and CAN be larger than a small profit. It is volume based though. Whereas you might only get 100 silver halves in 90 days (I know. Some get a lot more. Some get less) you can get 500 coppers out of one box, and if you do a 12 boxes a week (low volume, at 10 minutes per box or 2 hours a week) that is 6,000 coppers per week (plus about 100 wheats per week.) 6,000 coppers can net you about $20 profit, if you sell at the lower price today of 1.5X per penny and sometimes hvae fees involved and sometimes do not. (repeat buyers form ebay you do outside of ebay. New buyers you obtain through ebay and pay the fee) Assume you have NO wheats worth more than 3 cents each, and that is $3 more. So you make about $23 in 2 hours. NOt bad. that is gross though. Then there is buying and dumping and things like that.

By time I add in time to buy and dump, I figure that on COPPERS I am TRULY making about $7 per hour. Me. My caluclations, my time, my averages. PLus the wheats which I did not count, plus the IH (I have only 8, but they add up a little too) plus the FUN of doing it. SIlver? I did the averages for ME again for silver too. This was all in 2011, for both copper and silver. In 2011, I averaged that $7 per hour NET profit for copper and pennies, and came out at about $4 per hour NEt profit for halves. Back east, they do LOT better at halves than here. But here, with 90% at 24X face and 40% at 10X face, and again adding in the time to buy and dump, finding as few as I do out here I came in at a lower net per hour with halves than pennies. PLus of course, most people are NOT selling their silver finds. they are holding them, as I am. But looking at the increase in value in my savings, I am getting less on halves than pennies. And I HAVE sold a lot of pennies. No wheats or IH, but a lot of the copper.

Pennies can work better than halves. ALthough back east, if people are finidng what they say they are finding (And I think they ARE) I would be doing halves 50 hours a week! Sorta like Tim is doing. HEAVY volume. Instead? I am working my time on renting and flipping houses out here in Phoenix, because THOSE pay more than halves and pennies combined! Buying those at "below face value", and making money there. But that's not for this thread. In my spare time ... I do pennies. :-)

 

[usandthem]

I bought about $1000 in silver in the past year with the profits I made from selling pennies. There is money in pennies if you can find a niche.

 

[CC-Hunter]

I'm sure the answer is somewhere else on these forums, but does anyone know why Phoenix is bad for halves or is that just what the numbers bear out? I'm on the east coast, so the conditions in Phoenix won't matter to me, but if there is a reason for the drought in silver halves there it could be something that leads to a drought on the east coast.

As for the pennies, it sounds like ebay is the place to sell them, but if there are other places I'd be curious to hear about them.

 

[ramjet2187]

Ramjet - don't double sort. Not worth the time. here's why and what I do.

<snip>

Hope that helps. :-)

Yes, very much. Thanks.

 

[Gilmore Happy]

I'm sure the answer is somewhere else on these forums, but does anyone know why Phoenix is bad for halves or is that just what the numbers bear out? I'm on the east coast, so the conditions in Phoenix won't matter to me, but if there is a reason for the drought in silver halves there it could be something that leads to a drought on the east coast.

As for the pennies, it sounds like ebay is the place to sell them, but if there are other places I'd be curious to hear about them.

I can tell you why...bc Im the mega searcher. I clear out silver halves on a daily basis. 12-16 banks a day. Dont have time to get in boxes

 

[sagittarius98]

I'm sure the answer is somewhere else on these forums, but does anyone know why Phoenix is bad for halves or is that just what the numbers bear out? I'm on the east coast, so the conditions in Phoenix won't matter to me, but if there is a reason for the drought in silver halves there it could be something that leads to a drought on the east coast.

As for the pennies, it sounds like ebay is the place to sell them, but if there are other places I'd be curious to hear about them.

There is a machine that pulls out halves from Brinks in Phoenix.

 

[hotrod]

Nice

 

[madwest]

Visit the mystical world of eBay. Happens every day.

jrf30, I run a Ryedale (thanks to you) and noticed that the zinc (reject) side gets some wheat action, too. They're usually earlier dates, so I started "double sorting" my cents. Takes twice as long, but I get some wheats that would have been 'rejected' to the zinc side. I run first time through with a 1980 cent then re-run everything using a 2011 zinc cent. I suppose it's twice the wear and tear, but when I saw wheats in the coin machine one day while I was dumping, I realized I wasn't getting everything I should have been.

As with everything else CRH, YMMV.

Thanks again for getting me started on the Ryedale.

If you process your coppers by hand, you can have the machine find the early wheats and there is no need to double sort. You can use a zinc cent as the reference. Everything that matches gets dumped. Everything that is rejected gets looked at for wheats, IH, foreign, etc. It takes no more time on the machine than with a Cu reference.

This approach does activates the accept coil 3x more often than when using a Cu reference. ppl have reported well over 1M coins sorted on a Ryedale with only servicing the hopper parts. There is no evidence that the comparator wears more quickly by using a Zn reference. And, the comparator is a servicable part, just like the hopper is.

 

[Senor]

That is a very impressive inventory of older cents.

I hope you have some valuable ones in the 2500 you've yet to categorize.

Congrats.

 

[jrf30]

I'm over 4 million on my Ryedale. Although I've replaced a lot more than just the hopper parts. Although my comparator is still working fine, and the original one.