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 Replies: 9 / Views: 1,238 |
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Valued Member
United States
466 Posts |
Well copper penny hoarders, I'm joining the team. I figure I might as well get involved in what you guys are doing. I figure I might as well place some of these aside to get a jump on something that might get bigger as the years go by. A new year and a new addition to my roll searching techniques. Quick questions: 1) do you store the coppers in Rolls or do you store them in a bucket, plastic tote, garbage can ECT ECT? 2) I don't use coin counters to return my change since no where around has any. Does anyone else here reroll their searched coins, in specific the copper hoarders out there? It will be harder since I will have to recount each roll rather then just pulling few silver dimes and replacing them and such like I do with the other denominations. 3) Going along with question 1. I know silver is usually sold by face value. Would it be wiser to sort the coins into rolls rather then loose in a plaster bucket or something for resale down the road, or would weight be just as easy as a possibility for resale when melting becomes "more popular" and easier to access. I have read places that you can melt the pennies, and places saying you can't. Don't want that to be a focal point at all so thats why I worded the question as "more popular".  I know a lot of people on the forum are talking about this kind of thing so it seems like overkill sometimes, but I haven't really read how different people store their finds and actually search them technique wise. Lets hear it CCF.  |
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Pillar of the Community
United States
1151 Posts |
It sucks that there are no coin counters in the banks in New York, huh googoo?
I usually keep them in rolls, but recently, I've gotten behind on rolling, so right now I have about $5 worth of copper in a bowl.
I'm averaging about 21.4% per $10 searched.
Some people find more, some people find less.
Good Luck with your searching!
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Pillar of the Community
United States
1348 Posts |
I would not roll them. A waste of time in my opinion. When the day comes that they can be melted down it will most probably be by the pound not face value. Unless the price hits maybe 30-50x face.
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Pillar of the Community
1028 Posts |
ahhh googoo; I'm glad to see you're considering something other than dimes to search, I think it'll be much more fun for you.
a)I don't hoard much copper, but I have a little bit and I have personally rolled them up.
b)At my bank I can just return a "special BofA" bag full of coins and deposit that with no loss into an account. All I have ever done is just count how many coppers I have pulled out and then I know the value of the remaining coins which need to be placed in said bag.
c) The coins are generally sold by weight not face value.
Edited by hesgut
01/03/2012 6:29 pm
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Bedrock of the Community
Australia
21786 Posts |
Nothing wrong from a nunismatic point of view to hoard copper pennies, it just costs you a mere one cent per coin to do so. And all you have to do is just accumulate them from change! After accumulating a few thousand, eventually the time will come to examining them in detail, and lots of fun can be had in separating coins in top condition, scarce dates mintmarks, errors and varieties.
Just be careful not to blow your eyes to bits. Sooner or later, you will need a pair magnifying glasses. Standard equipment for gemstone fans.
"Get a little dirt on your hands boy, get a little dirt on your hands" I prefer thin gloves.
And you can still have most of them available for melt value! (win / win situation)
Storage? The melt value ones obviously in bulk form by weight. The others? put 'em in sets to be sold or to keep, if you become an addicted penny fan! Plenty of 'em here in the CCF!
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Pillar of the Community
Canada
3692 Posts |
I used to roll them up by date, but now it's a waste of time - agreed. Now I roll them by type (wheat vs pre-1981 for US, 12-sided vs round in Canada) or by monarch (Victoria, Edward, Georges, Elizabeth).
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Pillar of the Community
United States
1599 Posts |
googoo-welcome to the obsession. I keep my copper in 2 1/2 pound plastic coffee cans. They hold about 25 pounds and stack well. I do not re-roll my culls; BBVA Compass Bank gives me big plastic deposit bags. I dump all my culls add a deposit slip and drop them off at the bank. I used to roll until I learned about Compass Bank. As sel_691 said, you will need some type of magnification. Below is what I use and they work great, allow me to use both hands and are fairly comfortable to wear. Good luck; we will be waiting on some of those great finds.  |
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Pillar of the Community
United States
1150 Posts |
Good luck GooGoo. There is still plenty of copper out there so I'm sure you'll stock up fast.
Oh, and nice clock, JPrine.
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Valued Member
 United States
466 Posts |
I've always searched way more then dimes, just never hoarded copper. I like pennies quite a bit and this should get me deeper into them. Variety searching may get bigger as I will hopefully be grabbing more pennies then the usual one box per week.
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Valued Member
United States
466 Posts |
also I will not be rolling the coppers, but I will reroll the zincolns.
I need to find a nice container for the coppers. Coffee can might be great. Also like the plaster bucket idea as they will be easier for me to get a hold of. My father has about 20 of them.
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Replies: 9 / Views: 1,238 |
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Posted 01/03/2012 4:43 pm
