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$50.00 Bags Of 1973 Unopened Fed. Res. Pennies

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Author Previous TopicReplies: 20 / Views: 9,750Next Topic Page 2 of 2
Pillar of the Community
United States
1031 Posts
 Posted 07/02/2007  11:10 pm  Show Profile   Bookmark this reply Add docsfishn to your friends list
Well they are copper so Benji might have an idea, however that's not legal (as far as I know). On the other hand, that's my brothers birth year?.?
Pillar of the Community
United States
581 Posts
 Posted 07/02/2007  11:32 pm  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list
If the person has time and patience to put them in rolls and sell them on e-bay, he/she might double/triple their money - but that's about it. Don't know how a bag would sell - I'd imagine you'd get at least double face though - as long as it can be demonstrated that it is unopened.
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United States
6563 Posts
 Posted 07/02/2007  11:35 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list
There are thousands of sellers claiming something is "unopened" that are lying to buyers. Even though you know that it really is unopened you might want to stay clear of this or word it very clearly.
Valued Member
United States
459 Posts
 Posted 07/03/2007  12:57 am  Show Profile   Bookmark this reply Add Benji to your friends list
Docfishn why wouldn't it be legal?
Valued Member
United States
314 Posts
 Posted 07/03/2007  01:42 am  Show Profile   Bookmark this reply Add chevrolet454ss to your friends list
Hi,

I would list them on ebay or sell in rolls on ebay. Peaple like me buy them bu cents for sets or roll sets. I collect bu coin pennys from 1959 thru 2007 rolls. Reason someday I going use them build penny books after I get 88 thru 2007 bu coins aslong with 83 thru 86 denver mints.
Most rolls of those pennys cost 2 to 4 bucks each on those bu rolls on ebay. So please dont take them to your bank to get rid of them. Certain rolls like 83 thru 86 rolls cost 15 to 60 dollar each. I not buying 1959 thru 82 cents as of this point since I have bu tolls already. My last roll of pennys I bought I paid 15 for an 1984 bu denver roll.
Its hard to say those 1973 bu coin bags could sell around 200 to 300 per bag I have seen. They are gold to collectors like me who collect bu coins.

Have fun and please dont dump them at your bank
Chevrolet 454ss
Valued Member
United States
470 Posts
 Posted 07/03/2007  08:45 am  Show Profile   Bookmark this reply Add Andrew289 to your friends list
cough ...cough ...weight? What does a bag of these suckers weigh? Shipping would negate any profit potential.
Valued Member
United States
153 Posts
 Posted 07/03/2007  11:10 am  Show Profile   Bookmark this reply Add just4fun to your friends list
He says the bags are around 20 lbs. But will check when he gets back in town next week
Valued Member
United States
264 Posts
 Posted 07/03/2007  1:13 pm  Show Profile   Bookmark this reply Add Madmartigan to your friends list
Benji - the US Mint and Government prohibits the melting of coins. I think they made a big announcement about it back in January or so. Specially for pennies and nickles as the raw metal is worth more than the coin.
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United States
6563 Posts
 Posted 07/03/2007  1:15 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list
You could use a USPS flat rate box for $8.95 and charge exact shipping or a little more if you wanted.
quote:
For one low rate, ship as much as can be properly secured in a flat rate envelope or box to any U.S. destination


There is no limit.
Edited by GO
07/03/2007 1:20 pm
Pillar of the Community
United States
1173 Posts
 Posted 07/03/2007  2:13 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list
Not sure of the exact cost shipping UPS, but shooters all over the country buy (and pay shipping on)bullets for reloading. I've bought 500 or more at a time, and the shipping wasn't outrageous. I'd bet you can still sell them on ebay and make a nice profit.
Valued Member
United States
459 Posts
 Posted 07/03/2007  2:35 pm  Show Profile   Bookmark this reply Add Benji to your friends list
Benji - the US Mint and Government prohibits the melting of coins. I think they made a big announcement about it back in January or so. Specially for pennies and nickles as the raw metal is worth more than the coin.

That "interim rule" expired April 14th, 2007. Melt away...

http://www.usmint.gov/downloads/con...ns121106.pdf

http://bensguide.gpo.gov/3-5/govern...ranches.html


DON'T DRINK THE KOOL-AID, IT WILL ROT YOUR TEETH!
Edited by Benji
07/03/2007 2:39 pm
Valued Member
United States
153 Posts
 Posted 07/03/2007  5:18 pm  Show Profile   Bookmark this reply Add just4fun to your friends list
I am sure that he will not dump them at the bank! I have had long discussion about that! He now understands more of what I have been saying after reading all of your input.

Thank you so very much for all your help. I am really starting to enjoy this site. Still working on photos of items.

It will all come out in the wash soon or later

But, Thank you all very much!
Bedrock of the Community
United States
20753 Posts
 Posted 07/03/2007  9:31 pm  Show Profile   Bookmark this reply Add just carl to your friends list
As already noted, try ebay. Also, as already noted the USPostal Flat Rate box is $8.95 for up to 70 pounds. So on ebay let them bid and don't let it go for less than double to triple face value and make sure the buyers pay for postage, insurance.
To bad your in Kansas. If you were in Illinois I would say take them all to one of the many coin shows we have here and you could probably make some real money.
Valued Member
United States
153 Posts
 Posted 07/04/2007  11:42 am  Show Profile   Bookmark this reply Add just4fun to your friends list
I wanted to let you all know that I talked to him on the phone and read to him all of your comments. Looks like with all your help, he seems very Illinois. Will just have to keep you updated.

Again "Thank You" all.

Have a wonder 4th.
Bedrock of the Community
United States
17884 Posts
 Posted 07/10/2007  4:08 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
quote:
That "interim rule" expired April 14th, 2007. Melt away...


The "interim rule" was made official a couple days before it was to expire so it is still illegal to melt one and five cent pieces.
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