And that, my friends, is what pushed me towards pennies.
Now, hear me out.
Whenever I open a box of pennies, I know that about 20% of the coins will be copper (at least in my area). That's $5 face value of copper pennies. But those copper pennies are CURRENTLY selling on eBay, for twice face value (search 'copper penny bullion'). So I'm pretty much GUARANTEED $5 profit per $25 box of pennies. I never get skunked.
Now check this out:
1) Pennies, nickels and dimes are commonly ordered by businesses, so they aren't getting these "nuisance avoidance fees" that the halves are getting.
2) Less money is tied up at a time.
3) For the average $5 in profit, you have to return HOW MANY halves? You can't spend that much money on coinstar gift cards, so that means you can only use the bank machines. With pennies, $50 in copper profit would be about $150-200 returned to the coinstar machines - a lot more doable (home improvement projects with Lowes cards, Christmas shopping on Amazon.com, etc.)
4) It takes the same amount of effort to order pennies as it does halves - but almost every bank has them in - no more "road tripping" or calling a zillion banks.
5) People aren't nearly as worried about competition - in fact, the faster copper leaves the penny supply, the faster the melt ban will be lifted - and instead of being worth 2X face, they'll be worth 3X face!
6) I can manually sort 1 box per hour, but there are machines (ryedale, others) that can mechanically sort them. At $5/hour, that's not great pay. HOWEVER if one honestly calculates the time spent FINDING and DUMPING halves vs. pennies, I'm not sure halves pay any better at all.
If it wasn't for this forum keeping everyone excited about halves with other people's finds, I think that the AVERAGE CRH'er would be discouraged after finding nothing in 5 boxes. It's these dream boxes that people post (and the bad ones that they don't post) which give people hope in silver CRH>
I really think that copper is where it's at. Yes, I'd rather have silver than copper - but for the amount of time I've spent at this, and the work I've done, vs. the amount you've spent at this vs. the silver you've found - I'll take my copper profits and simply buy silver.
It's just my two cents and I'm sharing it like this to try to be convincing that pennies really are worth looking at.