5 Gallon Bucket & Milk Jugs Filled With Pennies.

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Author	Replies: 6 / Views: 6,356
Madmartigan Valued Member United States 264 Posts	Posted 06/06/2012 9:16 pm Has anyone ever purchased a 5 gallon bucket of pennies? Friend of mine called me Saturday about an estate sale he was at. In one of the sheds were buckets and milk jugs filled with pennies. The son said he was going to take them in to cash (coinstar I assume). I asked him to wait and I'd come buy them from him. Friend said he didn't see any old pennies looking at the top of the bucket but I'm thinking about further down. This was a older male that passed away last month. Son is selling everything. I figured a average of 4.65 oz per roll of pennies or .09 oz per cent. A 5 gallon bucket should have over 30k pennies in it. Have about 100 cloth coin bags from a equipment auction. So figure will fill up a bag and weigh it. If my math is correct 1 lb (16oz) should be 144 pennies on average. Thoughts? Really hope the guy hasn't turned the coins in. Would hate to think what may be going into that coinstar machine. Report this Post to the Staff

52Raymo Pillar of the Community United States 8515 Posts	Posted 06/06/2012 10:54 pm 181 Zincolns....146 coppers Might have to come up with a happy medium. Oregon coin geek.....* GO BEAVS ! ! ! * Report this Post to the Staff
Buddy Rest in Peace United States 7075 Posts	Posted 06/06/2012 11:17 pm It sounds like it would be a lot of fun to go through all those pennies -- I'd buy them in heartbeat...don't know where I'd put them... When you hear about somebody just tossing pennies into a buckets or jars or whatever and they aren't collectors, well, I think it is your only real shot at truly unsearched coins. I figure all the stuff I get from my bank has been searched and re-searched. Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 06/06/2012 11:45 pm buy the bucket and let us know! Tell us how much the bucket costs..there has to be like a few hundred fv in there Report this Post to the Staff
unholyroller Pillar of the Community United States 1903 Posts	Posted 06/08/2012 5:52 pm I did a "average mixed bag" estimate for you...155 zinc/copper coins per pound in the random sample I took Report this Post to the Staff
52Raymo Pillar of the Community United States 8515 Posts	Posted 06/08/2012 6:41 pm Man I would love to have a crack at those pennies. Hey wait...tell him I will pay .10 cents a pound more, lol. Oregon coin geek.....* GO BEAVS ! ! ! * Report this Post to the Staff
baysinger626 Pillar of the Community United States 950 Posts	Posted 06/12/2012 1:06 pm I had a stash of pennies from 2000 and it was about half copper. Depending on how old some of those are (and with so many, they are likely to be at least 10 years old..) that copper/zinc ratio might be off considerably. Report this Post to the Staff
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