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Copper Pennies

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 21 / Views: 3,390Next Topic Page 2 of 2
Valued Member
United States
54 Posts
 Posted 08/25/2013  10:24 pm  Show Profile   Bookmark this reply Add coinmaster2 to your friends list
I dont keep the copper ones I just keep wheats or interesting coins.
Copper ones are to much work and worth not worth much money.
Pillar of the Community
United States
1217 Posts
 Posted 08/26/2013  04:02 am  Show Profile   Bookmark this reply Add CoinCbass to your friends list
someone somewhere must have heard me complaining. I got a hit on ebay for the 10000 pennies I had listed. Got some good info here. I appreciate your time and help.
Valued Member
United States
256 Posts
 Posted 08/26/2013  11:30 am  Show Profile   Bookmark this reply Add jwguts to your friends list
@coinmaster2
Too much work? I'm not sure what you mean. I just keep dumping copper Memorial pennies into a jar whenever I spot them. My wife and kids do it too, just out of habit. I figure we're at about 45,000 cents.
Pillar of the Community
United States
950 Posts
 Posted 08/26/2013  3:47 pm  Show Profile   Bookmark this reply Add baysinger626 to your friends list
My usual buyer just said he didnt want any more either. Too bad.. we had a good thing going. Why dont they just lift the stupid melt ban already!? That would get things flowing again.
Valued Member
United States
256 Posts
 Posted 08/26/2013  8:14 pm  Show Profile   Bookmark this reply Add jwguts to your friends list
I assume they'll lift the melt ban once they see the Canadian experiment (of discontinuing pennies) is a success. Then the US will discontinue minting cents, and the ban will be lifted.
Valued Member
United States
256 Posts
 Posted 08/26/2013  8:16 pm  Show Profile   Bookmark this reply Add jwguts to your friends list
Of course, if the cent is discontinued and the melt ban abandoned, the supply of available copper will spike upwards and the price of copper will be pushed downwards.
Pillar of the Community
United States
1217 Posts
 Posted 08/26/2013  8:21 pm  Show Profile   Bookmark this reply Add CoinCbass to your friends list
Nalabering - I found a 2009 proof and another one is somewhere but I can't remember the year. I sold a lot on ebay for 142.50 for 100 face. I paid 5$ for shipping. I had a guy contact me from craigslist, so I may work something out. If I had the patience to tie up the money I would keep them, but like some others that posted the copper craze may be dying down somewhat. It's been a ton of fun going through them. I think it's break time to focus on other coins. There will still be copper when I start again
Pillar of the Community
United States
950 Posts
 Posted 08/27/2013  1:31 pm  Show Profile   Bookmark this reply Add baysinger626 to your friends list

Quote:
I sold a lot on ebay for 142.50 for 100 face. I paid 5$ for shipping.
I assume the seller paid for the majority of the shipping cost.. When I ship $100 face it costs more like $15
Pillar of the Community
United States
1217 Posts
 Posted 08/27/2013  3:11 pm  Show Profile   Bookmark this reply Add CoinCbass to your friends list
Sorry - buyer paid the 5$. I picked up the rest. Netted like 25 or so. Craigslist flakes are really annoying me.
Bedrock of the Community
13014 Posts
 Posted 08/27/2013  3:12 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I assume the seller paid for the majority of the shipping cost.. When I ship $100 face it costs more like $15


Flat rate priority shipping
Pillar of the Community
United States
950 Posts
 Posted 08/27/2013  3:57 pm  Show Profile   Bookmark this reply Add baysinger626 to your friends list
from the USPS website..

$12.35
Priority MailĀ®
Medium Flat Rate Box

I add insurance for a few $$ more.
Is there a better way?
Bedrock of the Community
13014 Posts
 Posted 08/27/2013  5:36 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
The USPS website has padded flat rate mailers for under 6 bucks that fit a lot more than the small boxes. You have to order those, but theyre free and come right to your house. Theres a few other box and mailing options they have that can only be ordered from the website but theyre all free for just the boxes or mailers.

Its actually cheaper to send two small boxes than 1 medium box if you can get it to fit. The priority mail also now comes with the first 50 dollars free for insurance so breaking it up into two small boxes would eliminate the need for extra insurance up to 100 dollars. Most of the time its really not worth it to add the extra insurance is the price is close, youll end up paying more in insurance usually in the long run. If something was worth 60 dollars and I got 50 free of insurance I usually just do that since if you send that a couple times and it doesn't get lost youll pay more in insurance than you would for the lost 10 dollars if one does get lost.
Pillar of the Community
United States
1217 Posts
 Posted 08/27/2013  7:28 pm  Show Profile   Bookmark this reply Add CoinCbass to your friends list
All good info guys. It's good for the group to hear these different tricks of the trade
Valued Member
United States
256 Posts
 Posted 08/27/2013  7:54 pm  Show Profile   Bookmark this reply Add jwguts to your friends list
The small flat rate boxes only fit about $15 in US cents, give or take. In this case, with $100, you have no choice but to go larger. I still can't imagine UPS or FedEx beating the post office on that one, though.
Bedrock of the Community
13014 Posts
 Posted 08/27/2013  10:16 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
I cant imagine you wouldnt be able to fit at least double if not triple or more into the padded envelopes if you can get 15 into the small boxes. You may have to roll them with bank wrappers but I would be surprised if you couldnt fit 100 dollars worth into two padded flat rates. That would still be cheaper and still have the added benefit of the extra free insurance.
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