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 Replies: 25 / Views: 3,550 |
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Valued Member
United States
107 Posts |
Hey Guys and Gals, I have a Ryedale set to arrive on Friday, and have been picking up boxes of pennies in anticipation. I am a numbers person and trying to figure out what I can expect out of each roll in terms of profit based solely on copper. I have not taken into account rare finds, if I ever do have any(crossing my fingers). Now my question to you all is with the sheer volume I will be processing, it would not ever be viable to search every coin. Literally all I planned on was changing the comparator coin to a wheat, and double run the copper, sorting the wheats out. Other then the 1909 VDB, and 1955 double die, I really did not know the Key dates to look out for. I literally just planned on selling the unsearched wheats in bulk to a collector who would take the time to go through them, knowing that they wouldn't find any of those 2 rarities. My question to you all, knowing my intention is. 1. What other high price rarities should I keep in mind in terms of the wheaties? 2. What would you expect the average Wheat penny to be worth sold in bulk knowing that I only tried to search for those 2 types? On a side note, I understand the margins are fairly low, I consider this a long term haul. I imagine in the long run copper>fiat currency :) |
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Moderator
 United States
56855 Posts |
The 1914-D and the 1931-S comes to mind. Also keep an eye out for a 1970-S small date. John1  |
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Pillar of the Community
United States
632 Posts |
The interesting thing about using a Rydale instead of hand sorting is that your chances of finding a key date is higher because the Rydale allows you to go through more coins. But a hand sorter is more likely to find Memorial cent varieties like doubled dies, etc. I have $2000 in boxes of cents waiting for me to hand sort. I have been picking up $75 to $100 a week for the past 2 years and just can't keep up. If I used the Rydale I could more quickly determine if there are any key date wheats in there. Since I look for varieties it will take me much much longer, LOL. At this point I would rather not miss out on finding doubled die memorials, but as my pile of boxes add up I might get a Rydale, LOL... |
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Valued Member
 United States
107 Posts |
There are just so many varieties, I don't even truly care to take the time to look for them. The more valuable ones I would look for just cause I can remember a few dates, but it seems like every coin minted these days has so many varieties. Not sure why this facet of coin collecting doesn't appeal to me.
Edited by Kritler
11/27/2012 1:42 pm
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Bedrock of the Community
United States
19964 Posts |
Do you realize ALL copper cents weigh 3.1 grams? You can't separate wheats from memorial cents by weight.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad
11/27/2012 2:30 pm
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Pillar of the Community
United States
632 Posts |
The Rydale sorts by comparing metal alloy, so since the earlier wheats had a small amount of Tin added, unlike memorial copper cents, if you use a wheat comparator coin the Rydale should sort the earlier wheats from the memorial coppers. Atleast thats how I understand it from reading other peoples post about how they use there Rydales.
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Pillar of the Community
United States
1211 Posts |
You can still seperate copper cents from zinc and then hand sort the rest.
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Valued Member
United States
107 Posts |
Coin analyzers can separate them. They don't use the penny weight, but metal composition. I made a penny sorter for 20 bucks that could sort them, I just got sick of hand feeding. The Ryedale uses a higher end comparator than even the one I used.
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Pillar of the Community
United States
8517 Posts |
Send me all your wheats/coppers and I'll go through them for you.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United Kingdom
4208 Posts |
You should sort coppers out into a bucket and then resort the bucket into memorials and earlier wheats. You could do a whole lot with that thing. does it only do pennies?
Will you be selling any of the copper? We dont have any hunting to do in the UK, very little variety, so it would be cool to have a small flatrate box to sift through.
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Pillar of the Community
United States
2224 Posts |
I feel that if I had a Ryedale I'd miss all kinds of good stuff (the memorial Doubled Dies and 1992 CAM's/1999 WAM's) so I am resisting buying one. Takes longer, but I still do about $75 a week in cents and I don't miss a thing. But good luck with the Ryedale! Quote:
Do you realize ALL copper cents weigh 3.1 grams? You can't separate wheats from memorial cents by weight. Very True! But I have always wondered why it is when I find copper cents in the reject bin of Coinstars they are almost always Wheat cents. Would love to figure that one out. |
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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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Replies: 25 / Views: 3,550 |
Posted 11/27/2012 1:12 pm
