Copper anyone?

capy325 · Dec 10, 2010

Since I've been such a good boy this year, I have it on good authority that Santa will be bringing me a ryedale! I do believe I may need to add onto the house as I plan on removing every single copper cent from circulation on this side of the Mississippi river! :thumbsup:

fistfulladirt · Dec 10, 2010

Hope you get one, love that enthusiasm!

jrf30 · Dec 10, 2010

capy325 said:
Since I've been such a good boy this year, I have it on good authority that Santa will be bringing me a ryedale! I do believe I may need to add onto the house as I plan on removing every single copper cent from circulation on this side of the Mississippi river!

Love my Ryedale!

SFBayArea · Dec 10, 2010

So which side of the Mississippi are you on? Left or right? Hoping you're not on the left side.. my competitors are growing along with the Portland Mint guy..LOL.. pennies boxes might soon turn into all Zincolns.

CHAINCHOMP · Dec 10, 2010

SFBayArea said:
So which side of the Mississippi are you on? Left or right? Hoping you're not on the left side.. my competitors are growing along with the Portland Mint guy..LOL.. pennies boxes might soon turn into all Zincolns.

at least it would be easier to carry like 10 cent boxes from the bank :laughing7:

oh and good luck on dominating the whole states worth of copper cents 8)

SFBayArea · Dec 10, 2010

To be honest, I can only do a box of pennies per day max. It's not much but it's draining. So 7 boxes per week and thus 30 boxes a month and 30x25 = $750 per month. Averaging 20% coppers and around 50% profit from it. One can make $75 per month on copper cents if you do a box of cents a day. I'm better off finding a day job. One also gets worn out from doing that many boxes so I haven't in reality done that many yet. Most of the work is to package the Zincolns to dump or spend. I'm not making a dent in the penny population as I would hope to do.

One a sidenote, I've looked throught about $1500 in pennies last few years yet no 1950 wheatie. I wonder how much longer the streak can go before I get one.

Ltrain · Dec 11, 2010

SFBayArea said:
To be honest, I can only do a box of pennies per day max. It's not much but it's draining. So 7 boxes per week and thus 30 boxes a month and 30x25 = $750 per month. Averaging 20% coppers and around 50% profit from it. One can make $75 per month on copper cents if you do a box of cents a day. I'm better off finding a day job. One also gets worn out from doing that many boxes so I haven't in reality done that many yet. Most of the work is to package the Zincolns to dump or spend. I'm not making a dent in the penny population as I would hope to do.

One a sidenote, I've looked throught about $1500 in pennies last few years yet no 1950 wheatie. I wonder how much longer the streak can go before I get one.

With a Ryedale you could probably do 10-15 boxes a day, easy.

SFBayArea · Dec 11, 2010

Ltrain said:
SFBayArea said:

To be honest, I can only do a box of pennies per day max. It's not much but it's draining. So 7 boxes per week and thus 30 boxes a month and 30x25 = $750 per month. Averaging 20% coppers and around 50% profit from it. One can make $75 per month on copper cents if you do a box of cents a day. I'm better off finding a day job. One also gets worn out from doing that many boxes so I haven't in reality done that many yet. Most of the work is to package the Zincolns to dump or spend. I'm not making a dent in the penny population as I would hope to do.

One a sidenote, I've looked throught about $1500 in pennies last few years yet no 1950 wheatie. I wonder how much longer the streak can go before I get one.

Click to expand...

With a Ryedale you could probably do 10-15 boxes a day, easy.

That is true, however the part that takes up all the time, is the re-rolling and counting cents to dump. One of my banks does allow me to make a deposit in coins and they count them and can credit my account days later. However, I just don't trust them. Most of the time when I pick up dime boxes from Brinks, they have rolls that are short. With that in mind, I just don't trust them to count my change and give me the correct number in deposit. That being said, I am forced to re-roll them for dumping and spending which takes up a ton of time. Wish I had a counting and coin wrap rolling machine that does all the work for me.

bgretz1989 · Dec 11, 2010

Im in the same boat you are in when it comes to rerolling coins. its the killjoy of the hobby but i ordered the plastic coin tubes http://www.wizardcoinsupply.com/fast-wrap.html they are less than $12 and it sure speeds things up.

capy325 · Dec 11, 2010

I gotta say if I had to re-roll my dumps I'd give up this hobby and take up golf. I'm currently searching 8 boxes of halves and 12 boxes of dimes a week. When the ryedale gets here I plan on adding 8 to 10 boxes (bags if I can get them) of cents to my weekly rounds. Every bank in the area has a coin counter and with enough accounts I don't have to burden any of them more than once a week. :icon_thumleft:

fistfulladirt · Dec 11, 2010

capy325 said:
I gotta say if I had to re-roll my dumps I'd give up this hobby and take up golf. I'm currently searching 8 boxes of halves and 12 boxes of dimes a week. When the ryedale gets here I plan on adding 8 to 10 boxes (bags if I can get them) of cents to my weekly rounds. Every bank in the area has a coin counter and with enough accounts I don't have to burden any of them more than once a week.

You are a lucky hunter to have that many banks with counters. Lots of banks in my area, but maybe 5% have counters. When I inquire why not, they reply that "we just can't justify the cost".

SFBayArea · Dec 11, 2010

silver spoon said:
im just curious whats so special about the 1950 wheaty!is it an error or something or is it low mintage!

People are lucky to have coin counters at their banks.. I haven't heard of any bank that has coin counters in my area otherwise I would be using them. Thus I have to continue to count and re-roll dumps.

As far as the 1950 wheatie, it's not special. I'm just commenting on how I still haven't gotten one after looking through $1500 in pennies over the years. I'm on the west coast so certain philly coins are harder to come by based on my location while I find "S" mint wheaties frequently. I'm sure if I was on the east coast, I would be itching to find "S" mint wheats.

CardsNCoins · Dec 13, 2010

SFBayArea said:
........As far as the 1950 wheatie, it's not special. I'm just commenting on how I still haven't gotten one after looking through $1500 in pennies over the years. I'm on the west coast so certain philly coins are harder to come by based on my location while I find "S" mint wheaties frequently. I'm sure if I was on the east coast, I would be itching to find "S" mint wheats.

Just got a 1950 S wheatie out of a roll and remembered this thread. You'll hit one soon I'm sure.

HH

Nick