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Valued Member
 United States
107 Posts |
That is actually my intent. I will run all pennies through once to sort copper from zinc, then I can change the comparator coin to a Wheat, and re-run the copper only, which will sort them out. The base feeder can run Penny/Nickels. You can buy the wheel to make it run dimes/quarters, but really no need as these are pretty easy to spot check. I would honestly sell the copper at spot price to anyone who actually wanted to buy it. It really isn't too cost effective due to shipping cost, but if a collector wanted to pay the shipping, I can assure you, nothing 59-82 would be looked at as far as Varities/Errors. I have been picking up $100 a week in pennies in anticipation, and from the sample rolls I hand sorted, averaging a wheat every 3 rolls, and about 15% copper. Wheaties I am not sure how the best way to sell these would be. As a collector I do have a bit more attachment to these. Since I bought my first Red Book many a years ago, I have always wanted that 1909VDB, and 1955 double die. I was thinking I could sort them by year, and just make a 50 cent roll that only has 1-2 pennies from each year 1909-1959. This would be kind of cool as a gift for kids or for people trying to fill albums. |
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Pillar of the Community
United States
8517 Posts |
If you sold your coppers without separating the wheats out you would do better than the other copper bullion sellers on ebay. Heck I probly would buy some if they weren't picked over. I bought a bunch from an old guy up in Washington that just didn't wanna mess with going through them by hand. Found some good stuff but he doesn't sell very often. 68 pounds was probly too heavy for him on a regular basis. I know my mail carrier didn't especially like it lol. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
107 Posts |
True, but I would forgo some of my own collecting.
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Bedrock of the Community
United States
19964 Posts |
Quote:
The Rydale sorts by comparing metal alloy... Zinc and tin were used with memorial cents from 59-62. Hummm....I find it hard to believe that it's able to pick up the difference between the trace amounts of tin. http://www.youtube.com/watch?v=kz4oAAemjJILincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad
11/28/2012 09:34 am
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Pillar of the Community
United States
959 Posts |
Not really a bad price for the Ryedale either; if you can afford the cash outlay for the cents and able to wait till its legal to melt, not to mention the machine itself. I have a large copper hoard, and often wonder what I'll do with them if I decide to move. Also, as CND pointed out, there are ones like the '99 WAM, which BadThad sold for around $500, would not be found. That one coin would pay for a Ryedale itself. |
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Valued Member
United States
107 Posts |
If the 59-62 has the same composition as wheaties, then I will definitely have to do hand sorting. When it arrives and I set it up, I will make a video for you. Those analyzers are highly accurate. The cheap model I bought, I ran the comparator coin as a zinc, a copper, and a wheatie. I finally had to run it during sorting with a zinc in the comparator. I started with a copper, but noticed the wheaties were dumping with the zincs. When you run a coin through it has a reject side, and anything that doesn't match the comparator coin, goes out that side.
If you look at my post history, you will see the hand fed model I created. The Ryedale is just that, on steroids, with a automated feeding system.
Edited by Kritler
11/28/2012 10:25 am
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Pillar of the Community
United Kingdom
4208 Posts |
Kritler - I think it would make sense to run it with a Zinc as the type coin. This way, foreign coins and other interesting things are put with the copper - that includes any 1943s. Only filters out the unwanted ones.
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Pillar of the Community
United States
622 Posts |
Kritler, If you are approaching this as a business or investment, I would advise against pulling certain varieties of wheat's before you sell. How would you advertise this? I imagine your write up on ebay: "I have unsearched wheat pennies...well sort of. I pulled this one, this one, this one, and this one, but all the other great ones could be there". Plus, it would be cost prohibitive to take the time to search every Wheat penny but only pull 3 to 5 varieties when there are many more worth pulling. Either sort them or don't, but don't play around with partial sorting. Just my advice. OO |
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New Member
United States
20 Posts |
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Pillar of the Community
United States
2224 Posts |
Referencing the article Doom1692 linked in the above post, whoever wrote that article has sanity issues. First of all, he uses way too many exclamation points(!) If you scroll to the bottom of the article to where people post comments, somebody got him to admit that there are "146 copper pennies in a pound of copper". Copper is currently $3.61 per pound. Whether or not it's legal to melt it into bars or not, I'll take a $3.61 per pound of copper in the form of $1.46 ANY DAY. Maybe somebody can point out something positive that this article is trying to convey, but I have to admit that article had me laughing out loud.
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Moderator
 United States
189340 Posts |
Quote:
Whether or not it's legal to melt it into bars or not, I'll take a $3.61 per pound of copper in the form of $1.46 ANY DAY. I agree. Keeping the copper in its cent form protects against a price crash. |
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Valued Member
United States
107 Posts |
Picked up 3 boxes yesterday, one box was entirely hand wrapped, I was pretty excited until I realized these were hand wrapped by someone culling copper!
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Pillar of the Community
United States
959 Posts |
Wasn't me Kritler, all though you are in the state I want to live in.
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Valued Member
United States
107 Posts |
My impression from the Banks out here in AZ, is there are not many active CRHers. Whenever I do a pickup, tellers are so curious, and have no idea why I would be getting so much coin.
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Valued Member
United States
370 Posts |
I picked up a copper sorter as well, been hitting all the banks, they are now asking me to order coin and not raid what they have on hand. I picked up 50 of hand rolled and it was 68% copper, my sorter has a counter makes it easy to track, but only a few wheat cents. one case was all new, reluctantly I started opening them and found 2 error coins, one that is struck so light it's hard to read and another that has a clipped edge.
Best part of hitting all the banks, I now have an account at a credit union that has a coinstar in the lobby where I can dump for FREE!
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Replies: 25 / Views: 3,554 |
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Posted 11/27/2012 9:19 pm
