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 Replies: 11 / Views: 3,268 |
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Pillar of the Community
United States
1116 Posts |
Poll Question
I just answered a thread that someone else had posted on the forum about copper pennies. In a nutshell I have almost $500 dollars in copper pennies (not counting wheat backed ones) and I currently have them stored loose in my garage in a 55 gallon metal drum (not on a pallet). I estimate that the drum currently holds over 500 pounds and could potentially weigh in at close to a ton once the barrel is filled to capacity. A wouldn't be suprised if the final tally comes in at a long ton. All these coins were gathered within the last year and probably the odds are very good that there are a number of interesting coins (die breaks, nipped, and possibly even some "S" coins. There is definitely no wheat back coins in the drum and so I don't have to worry about a 1909 S VDB hiding somewhere in the mix. But varieties probably most definitely. I have every intention to leave this problem for my kids. I call it "Dad's Revenge". If these were your coins would you roll them or leave them loose like I have done? Any kids out there know what a long ton is? I do, because I used to shovel coal to heat my parents and grandparents buildings. By the way, the outcome of this poll will not force me roll the coins. Results
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Poll Status:
Locked
Total Votes: 0 Counted
Last Vote:
never
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Bedrock of the Community
13014 Posts |
If you were going to sell them Id roll batches, but thats a lot of rolling just for the sake of having them rolled
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Valued Member
United States
362 Posts |
 I'm jealous, that I haven't thought of that. Good Job Old Man!  |
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Valued Member
United States
84 Posts |
A half-full 55 gallon drum? Really? I think I would start batch rolling them like basebal21 said. If you guys were into making a 1959 to present album, pick out the best of the best for each year and mintmark, roll the rest, and use the money to buy some other coin. I myself couldn't imagine having that many pennies. We saved pennies from change for nearly 10 years in a 5 gal jug in the closet. When we cashed it it, it rang up to the kingly sum of $30 odd dollars. But the jug was maybe an 1/8th full. Half a 55 gal drum.....wow!
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Pillar of the Community
United States
959 Posts |
If you are "going to leave this problem for my kids", I would just leave them loose.
Why are you saving them, without any intentions of doing anything with them? I've been saving for a few years now, waiting for the melt ban to be lifted. I started rolling them, but now they are loose,like yours, but in coffee cans and strong boxes, something I can manage. I bought a good table scale and started weighing them into 25 and 50 pound batches. There are 147 copper cents to the pound, so you have a close figure as to the actual dollar amount per bag or box.
Also, depending on how full the drum is, if you fill to the top, your going to have way more than a ton;short or long. A 55 gallon drum filled with liquid will weigh in at 525 to 575, depending on the liquid. I would also put this drum on a "strong" pallet, in the event it has to be hauled away on a truck. At least someone could get under it with a pallet jack.
Least of all.....give your kids a heads up on what you have planned for them.
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Valued Member
United States
125 Posts |
Well, think of it this way. I have thousands of pennies, maybe about a third still unwrapped, and I have a 1000 wrappers in an unopened box. Guess what? Mr. crazy is probably going to use all 1000 of them within the next 5 years, perhaps in half that time? Depends on how crazy I feel. I wrap everything like a madman! loose pennies drive me crazy. rolls are very compact. I can't keep them in my dresser drawer anymore though - they broke it a looong time ago! XD
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Pillar of the Community
United States
543 Posts |
I can't vote on this poll simply because I have a stash of copper pennies - nowhere as big as yours - and I am unsure of whether or not to roll them myself.
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Pillar of the Community
United States
1126 Posts |
Dads Revenge, Love it  I set in motion the same type of thing with my son when he was 16. He will be 20 this year. I told him if sometime in the hopefully far off future he decides that he decides to sell the houses. It would be a good idea for him to search every square inch of all three of them plus the property before he does. He asked Why ? I told him I have been a coin collector for a very very long time. And I as a rule generally do not sell many at all. Also they are not all in the same place as my core collection. But they are on the property.  As far as roll them or leave them in the drum. If you leave them in the drum they may become overwhelmed with the size of the project of going through them and just dump them at a bank in one fell swoop. If they are rolled up it will make the project of going through them more manageable. Remember a gentleman from Michigan had a bunch of copper Lincolns he was going to dump at a bank until a collector mentioned that it might be a good idea to go through them and at least check for varieties, And he ended up finding a 1969 S Doubled Die Link to numismaster Article http://numismaster.com/ta/numis/Art...ticleId=3732Edited by stewart
01/12/2013 10:36 am
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Pillar of the Community
United States
2734 Posts |
Maybe there's an "E Pluri dus Unum" hiding in my 55-gallon drum of 1964-D Nickels... |
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Pillar of the Community
United States
4897 Posts |
Quote:
Maybe there's an "E Pluridus Unum" hiding in my 55-gallon drum of 1964-D Nickels...
 talk about .... |
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Valued Member
United States
335 Posts |
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Valued Member
United States
161 Posts |
Keep them loose if for no other reason the fear that they might be taken to the bank if rolled.
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Replies: 11 / Views: 3,268 |
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Posted 01/09/2013 07:10 am
