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 Replies: 44 / Views: 5,253 |
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Bedrock of the Community
United States
17884 Posts |
Quote:
There is really no problem separating Copper from anything. All you need is a decent blast funace or temperature controlled torch. With a furnace all you do is throw in everything that is metal and Copper will melt out at 1964.32 F. Note that the Zinc from modern coins will run out first since it melts at 787.15 F. If you know the melting point of all the possible metals you throw in that pot, you could separate them all one by one. Doesn't work that way. Sure zinc melts at 787.15F but you can take your brass cents and heat them to 1000F and they will stay solid an the zinc will not melt out of them. On the other hand if you toss in some pure zinc with them the zinc will melt and will then dissolve the brass cents into the solution. The result will be molten brass with a higher zinc content even though the temperature is well below that of the melting point of copper. That's how they make bronze or brass. Melt the zinc and then dissolve the copper and other metals into it. If you try to do it the other way round, melt the copper and then add the zinc, the zinc boils and you can't be sure what your final composition is. As for all the work involved in making the bars, once the ban is lifted there is no reason to make bars since the coins are of known composition. It then just becomes separate and deliver. As for the work re-rolling the Zincolns, if you are roll searching anyway you would still have to re-roll, so separation of the coppers adds no additional costs. |
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Pillar of the Community
United States
3592 Posts |
coppertop5150...without going through your complicated example...I've searched 50,000 pennies in the last few weeks...set the coppers aside,counted and put them in a bag.Sold $100 FV on ebay for $150. I've made $35 or so bucks after fees. That is a 35 percent return. Are you really going to tell me I was better off with a CD ? And I didn't count my time because I'm already roll searching. Very simple way to make money hoarding/selling copper...and much smarter than buying a CD. |
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Pillar of the Community
United States
7629 Posts |
One major thing being missed in this thread is the fact that some people are buying the brass Memorial cents simply because they are older. Nobody kept wheat cents because of their metallic content - people kept them because they were from a bygone era and would have collector value...and sure enough they do. One of these days the brass Memorial cents will sell at a nickel to a dime each by the bag, and that's what the hoarders are counting on. Undoubtedly it will happen, but whether the time and storage are worth the meager return is debatable.
Regarding re-rolling coins to take back to the bank - anyone who has to do that needs to find a different bank. I have two bank accounts at two different banks. One has a free coinstar-like machine that sorts and counts the coins into bags and spits out a receipt you can deposit. I can have two $50 bags sorted, counted, and deposited in less than ten minutes with NO fee. The other bank I use will hand you large thick plastic bags to dump the coins into, write your account number on the bags, hand them over to a teller, and in two days the deposit of the amount of the coins shows up in your account.
Basically banks that require that you roll your coins to return them are outdated and unnecessary.
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Valued Member
 United States
463 Posts |
Im not talking about melting at all, a small profit is better then just letting the money sit. I made 40-50 bucks on boxes of 2010 p nickels and have done what others have done with wheat/copper cents on the bay as well. Now I'm just holding waiting till I get enough
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Pillar of the Community
United States
3592 Posts |
bryan1234...glad you understand the concept...I think some of these guys don't realize 20-30 bucks here and there adds up....most are looking to get rich the easy way and end up staying broke....kinda like the hare and the tortoise
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Valued Member
United States
463 Posts |
it does I sold 6 boxes of 2010p nickel boxes in oct for 30-50 profit each with fees then bought silver from those proceeds as I couldn't find anymore 2010p boxes and it payed off on the extra silver
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Pillar of the Community
United States
1042 Posts |
Quote:
One of these days the brass Memorial cents will sell at a nickel to a dime each by the bag, and that's what the hoarders are counting on. I don't save/hoard every copper Memorial, but I do hold onto every BU/AU I find. I tried saving all of the copper awhile back, and it didn't take me very long to box up about $400 worth. (I roll-hunt a lot!)  If and when the ban is ever lifted, I plan on having a nice little stash of better-than-average coins to pass down to my kids and grandkids.  |
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Pillar of the Community
United States
958 Posts |
it takes me about a penny a second to sort for copper
or 60 a minute , 3600 a hour , 36000 in ten hours
around 15 hrs for 50,000
pennies
for me to make 35$ for 15 hrs work is not logical. Its 2.10 a hour
But if you like to do it in your spare time a few hours a night 35$ a week
is decent considering you like what your doing on your own clock , no boss and you might find it fun.
i have a feeling you sorting 50,000 cents you will end up gettingthe same coins back from the local banks after a few weeks . But who knows.
then you can venture out further to other banks.
Im not saying not to do it, I'm just saying to hoard and think you will be mega rich if a ban is ever lifted
you would have to have lots of money to set aside on a gamble .
If copper memorials sell for 5cents each in 20 more years . You have to consider the time it takes and money invested.
But for a quick flip 35$ a week is not alot but still something
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Pillar of the Community
United States
958 Posts |
I was basing the 5 cents for memorial coppers on the fact around here dealers pay 3 cents per common wheat and sell um for 5-10 cents each and they are 50 years old.
None of the circulation wheats are special maybe the early S marks might bring a lil more in the future.
I know I am crazy but I save any decent 68-s through 74-s I find. I think those will be in demand in 20 years
selling for as much as 25-50 cents each in good shape and $ 1 dollar for AU stuff
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Valued Member
United States
463 Posts |
"it takes me about a penny a second to sort for copper
or 60 a minute , 3600 a hour , 36000 in ten hours
around 15 hrs for 50,000
pennies "
Not if you use a sorter/machine, like the one in the first post its very simple and gets the job done. Just need a funnel and drop the pennies in and go due whatever you want and let it due it for you. I agree with you 100% on been such a waste of time going through boxes, it takes for ever thats why I am trying to find a simpler solution. Even though it costs 140, its worth it all day long considering how much time I loose when I go through a box
Also I have various accounts at different banks, and even better there are at least 3 of each in every direction from my house (3 miles) so your not going to run into the same coins. Thats my fear with half's so I try to keep every one for a little while and once I find more, I cash in the old ones and pick up more again or even if I'm going away I find a bank to deposit them
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Pillar of the Community
United States
3592 Posts |
[for me to make 35$ for 15 hrs work is not logical/]
coppertop5150...you really need to brush up on your math...using your 50K example....that would be $175 profit,not $35.....like I said the first time...quit trying to complicate things.
Also, my bank sends their pennies to the Fed every Thursday...no problem getting new ones.
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Pillar of the Community
United States
1042 Posts |
Quote:
for me to make 35$ for 15 hrs work is not logical. Its 2.10 a hour I hope the day never comes when sorting through a box of cents starts to feel like work. When/if it does, it ceases to be a hobby.  I work enough... I sort/collect/hoard because I want to. If it ever starts to feel like a job, I'll probably give it up. I probably find/keep about 80 coins out of every $25 box of cents. On average, it takes me about 4 hours to go through a box. The way I see it, it's only costing me about $.20 per hour to do something that I really enjoy. |
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Pillar of the Community
United States
958 Posts |
maineman you math is wrong.
sorting 50,000 pennies would leave you 1/4 to 1/3rd with approximate 10,000- 15,000 copper pennies.
then subtract shipping,listing and paypall cost.
he just said he made 50$ profit of 100$ pennies.
then 35$ after expenses.
You need to check your math.
Yes in my book 35$ for sorting 50,000 is not anough of a reward .
But with a machine it would be eazier and if it was cut down to sorting 50,000 finding 10-15,000
coppers in 2-3 hours . Then your making atleast 10$ a hour wich is not much above min wage but still better then $2 a hour doing it by hand.
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Pillar of the Community
United States
3592 Posts |
Sorry coppertop5150...thought you were refering to 50K copper pennies.....but once again...I already sort through the pennies a week roll searching...seperating the coppers is no extra work..counting them is the only extra step I take
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Replies: 44 / Views: 5,253 |
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Posted 12/02/2010 1:46 pm
