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A Math Question... 50 Lbs Of Pennies

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 Posted 05/20/2015  12:13 pm  Show Profile   Bookmark this reply Add Jake the Dog to your friends list
I used to work in a beer distro warehouse - those old style kegs can get nasty if they weren't cleaned out properly. You may want to wear some gloves when dealing with those cents in the old keg unless you are certain that it was well cleaned prior to putting the coins in the keg.
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 Posted 05/20/2015  12:27 pm  Show Profile   Bookmark this reply Add Cascade to your friends list
Thanks for the info Jake. Do those old kegs themselves have any value? I'm debating taking an angle grinder to it
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 Posted 05/20/2015  12:30 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
I found this old story on hoarding cents...http://money.cnn.com/2005/06/23/new...nny/pennies/
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 Posted 05/20/2015  12:37 pm  Show Profile   Bookmark this reply Add Cascade to your friends list
Good story ray but I must say how technically worthless his ambition of a retirement plan was. $13,000 goes very quickly and isn't really enough to reinvest for short period gains. I bet he wishes he collected quarters, or better yet SBA's
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 Posted 05/20/2015  2:20 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
My guess is based off of the following assumptions: A 25/75% split between copper / Zinc.
You know, this is not a bad assumption. It should be good enough for a close estimate.
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 Posted 05/20/2015  10:39 pm  Show Profile   Bookmark this reply Add just carl to your friends list
My guess would be somewhere between 10 Cents and one hundred thousand, plus or minus a few million.
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 Posted 05/21/2015  11:44 am  Show Profile   Bookmark this reply Add BadThad to your friends list

Quote:
You know, this is not a bad assumption. It should be good enough for a close estimate.


I usually get 15-20% copper when searching.
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 Posted 05/21/2015  12:27 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
So Cascade, when should we expect the exact count?
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 Posted 05/21/2015  1:05 pm  Show Profile   Bookmark this reply Add Cascade to your friends list
umm by 2018 for sure
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 Posted 05/21/2015  1:40 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list
How long ago did you start amassing these? I know that now the split is around 75/25, but I remember when it was closer to 50/50 and I'm not that old! 1980-82 saw some massive production of copper cents.
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 Posted 05/21/2015  2:05 pm  Show Profile   Bookmark this reply Add Cascade to your friends list
Don't know exactly. They're from a large inherited collection. I'll take a few sample handfuls when I get a chance

https://goccf.com/t/227379
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 Posted 05/21/2015  2:09 pm  Show Profile   Bookmark this reply Add Afab67 to your friends list
"2334, 2335, 2336, 2337..."
"Hello dear"
"Hello"
"Hows the counting going"
"Fine"
"Dinner in an hour"
"Ok"
"What number are you up to?"
Long, long silence.
Then, with tears streaming down his face, "1, 2, 3, 4...."
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 Posted 05/21/2015  2:17 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list


I only laugh because I know too well the pain...
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 Posted 05/21/2015  2:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
umm by 2018 for sure
Calendar reminder set.


Quote:
I only laugh because I know too well the pain...
Same here.
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 Posted 05/22/2015  6:06 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Now picture someone sitting there with a magnifying glass inspecting each one.
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