Copper cent hoarding & selling

[Dozer D]

Those of you that are copper cent hoarding, are you still finding quantities in the same volume per box, or are they starting to drop off? Also, has anyone tried selling off their copper hoards, what is a good price per coin , per pound? I may be thinking of selling mine off & restart all over again.

 

[Styfflin]

I've been saving all of my copper cents for almost two years. It feels like I'm finding the same or slightly less copper cents and noticeably less wheats per hunt, both rolls and bags. On the flip side, I've found a lot more Indians this year. That is probably just luck and increased volume more than anything else.
I only tried posting copper cents for sale on Craigslist twice, and I didn't get any hits.
I guess I haven't figured out how many pounds of copper cents is "enough" for a respectable bullion hoard. I have eight coin counter bags stuffed to the max, and no inkling of what that might be in terms of pounds.
Since my leaning is towards even higher volumes of cents in 2015, I have to figure out what to do about all that copper. Throwing it back doesn't seem like a good option.

 

[SilverHoarder07]

I've been saving all of my copper cents for almost two years. It feels like I'm finding the same or slightly less copper cents and noticeably less wheats per hunt, both rolls and bags. On the flip side, I've found a lot more Indians this year. That is probably just luck and increased volume more than anything else.
I only tried posting copper cents for sale on Craigslist twice, and I didn't get any hits.
I guess I haven't figured out how many pounds of copper cents is "enough" for a respectable bullion hoard. I have eight coin counter bags stuffed to the max, and no inkling of what that might be in terms of pounds.
Since my leaning is towards even higher volumes of cents in 2015, I have to figure out what to do about all that copper. Throwing it back doesn't seem like a good option.

I was running a few hundred dollars worth through a Ryedale every week and selling 68 lbs lots on eBay ($100 FV) and after all fees and shipping pulling about $22 profit per. They sell fairly quickly too.

At the time coppers were averaging 29-31% in my area.

 

[ArkieBassMan]

Until the price of copper rises and/or there is renewed rumblings of doing away with the one cent coin, I believe you will have a somewhat limited market.

 

[jrf30]

the market is fine. the prices are down though. I was getting 1.6 cents per penny. Now 1.4 cents is a stretch, and I won't sell there, so I eep adding and stacking. W hen the price goes back up I'll sell again at 1.6 cents.

As for drop offs. YES. As another billion is added each six months, that means more new ones. The older memorials are still about the same percentage versus the newer memorials, but when you add the new shields, that drops the overall amount of memorials to start and thus the amount of copper ones. Dropping badly here. Almost done searching. Just because the ratios are getting so low. I've got about 430,000 pennies sitting in the garage though. Yep, well over a ton. As opposed to having that money in the bank earning nothing anyway, I'll sit on it until prices go up a little again. there IS a market though. "Price cures all ills."

 

[enamel7]

Copper has fell off quite a bit. A month ago it was sitting at 3.05. Now down to 2.88.

 

[cdickrun64]

I have $300 fv sitting in my basement. Throwing them in the coin counter next week....no market for them here in upstate ny. Craigslist= no hits, ebay not worth the time/effort.

 

[BuffaloBoy]

I have $300 fv sitting in my basement. Throwing them in the coin counter next week....no market for them here in upstate ny. Craigslist= no hits, ebay not worth the time/effort.

I agree I might dump mine and free up some bankroll also.