Not to bad actually! I am realistic in the sense that I know I cannot expect to get 2x face through eBay sales but if I can average around a 15% profit margin (about $4 per $15 sold) I'm happy with that.
I go through thousands of cents as it is already looking for wheaties and IH so the way I see it it doesn't take any more time to pull out copper while I am sorting. I sell them in rolls in $15 lots plus $5.80 for small flat rate shipping. Each lot fits snugly in a small flat rate box so its perfect!! Conveniently enough six small flat rate boxes for snugly inside a medium flat rate box so if a buyer wins multiple auctions (3 or more for it to make sense) I charge $14 and combine shipping.
Sales usually wind up around $28-$29 (including the $5.80 for shipping) so after fees and any misc supplies I may have to get occasionally such as tape, I NET between $3.50 - $5.00 depending on the final price. I also will sell as a buy it now price base on the current price of copper. Typically I will sell those at about 90% melt value and include free shipping. I just had a few listed for $28.49 plus free shipping...current melt at the time was about $31 and change.
There are plenty of people who buy copper cents because they don't have time or patience to find it themselves. I now have repeat buyers who bid immediately and/or buy it right away during a fixed price sale.
As I said I am not getting rich doing this but since I search all these coins anyways I may as well get something for it in return! I truly enjoy it and not to mention it adds money to my "buy the wife nice birthday, anniversary and Christmas gift" fund!!!
I could do a little more thorough write up on this I I wasnt typing it all on my phone!!!!
HH!
