Value of 5 gal bucket of copper?

[toorude89]

Everyone scolded me for selling my 40%ers for $4 a pop. Well, I am about to sell a 5 gallon bucket of 1959-1982 copper cents. I'd like to hear what people think I should get for it. Thanks.

 

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[GlenDronach]

I'd start rolling.

 

[toorude89]

I'd start rolling.

What for?

 

[GlenDronach]

A 5 gal bucket is kind of ungainly. Sure, you can get an accurate scale and start weighing out pennies in 5 lb bags, but rolling would be more reliable. People know the weight of a copper penny, and can multiply it out. That's what I do, at least.

 

[BuffaloBoy]

over 9000

 

[toorude89]

i weighed 1/2 gallon and got approx 22 lbs. 220 lbs for 5 gal. 220 lbs is 99,790 grams / 3.11 = 32,086 or $320. I'd like to know what people think I could realistically get for it. I was offered $463...

Not sure what over 9000 means?

 

[BuffaloBoy]

Not sure what over 9000 means?

over 9000 pennies, of course :-)

 

[ArkieBassMan]

Melt is $3.57 per pound on copper. If you have 220 lbs., my math says you have $746.13 in melt value (220 x $3.57 x 0.95). With that said, I have no idea where you can sell them for anywhere close to melt. The best way to sell them that I have seen, and admittedly I haven't researched the matter that thoroughly or checked the selling activity in a long time, was to sell them on eBay in $100 face value lots. I believe the weight of $100 face falls just below the maximum weight limit for flat-rate shipping from the USPS. The last time I checked, they were selling for 1.3-1.5 x face value, but that was quite awhile ago. Current prices may be different.

 

[FormerTeller]

So basically you were offered 1.4 cents per coin? You could probably negotiate pretty easily up to 1.5 each, which would be my selling point.

 

[50cent]

So basically you were offered 1.4 cents per coin? You could probably negotiate pretty easily up to 1.5 each, which would be my selling point.

If he's getting this outside of ebay, it's a really good deal for the person buying it. 1.5 is the very minimum if I say the least