Thinking About 20kgs + Pennies

Still pretty cheap at that price

Seeing as you are just a beginner I think buying bulk lots is the way to go. $200 is decent even though there wont be anything half valuable in there. You could sell on ebay and make a profit at that price I reckon.

Why I think bulk lots is a good way to go is because through handling thousands of coins you will begin to pick up certain notes on some years. For example you will soon learn that the strikes on perth minted coins are horrible, some dates are plagued by die cracks/ghosting, some dates are better struck than others.

This auction house descriptions are spot on for coins. I have said different elsewhere and I was 100% wrong!

I have won this lot and I figured out around $50 mailing but it is $75. I have asked for recent high values stamps to help me with the mailing costs as this is my area.

I emailed for a more details concerning this lot before I bid. Two of the questions were "what is the history to this lot?" "has it been picked over 100x?"

The answer was it had come from an older persons life collection and they doubt very much if it has been checked at all and if it has it is still in this lot.

Next question was how is the general condition of the coins and the reply was the coins are in extremely good condition compared to lots of this type. All the years are in envelopes. It is set out as a collection.

Well I am going to find out!

If the years are in envelopes, it has certainly been sorted through.
The question remains: To what extent?
If you accept that the lot has been date sorted, I would not expect to find any '25's or '46's.
Numismatically, that leaves you with examining every likely date for scarce varieties. A copy of Fred Lever's book on varieties would help you.

That is going to require quite a lot of time. A pair of thin gloves will be required, otherwise you fingers will get dirty, and copper is mildly toxic in coin form when handled in bulk.

I don't know the scrap value of 20 kg of bronze, but if it was pure copper, 20 kgs has a value of around $150. Perhaps a scrap metal dealer would take thew remainder for something like $80 to $100, a dealer maybe more, but you would have to negotiate.

Obviously, a date set in best condition with all varieties would be the thing to extract from this lot.

Throw a couple of them in your toilet cistern, they will kill the algae over a period of a month or so, and the cistern will appear to be perfectly clean. Give a few away for the same reason.

20 kg would yield about 2,100 pennies. Have fun!

The 20kgs arrived today along with the other buy. The stamps for the 20kgs has come in recent mini sheets cancelled and place in a plastic sleeve and then tape to the parcel. Will earn mailing cost plus about 30% of the penny cost. Extremely happy about this as it makes it a very cheap buy.

1960's complete in numbers.

1950's complete in numbers. Huge amount 1952.

1940's in numbers no 1940 or 1946.

1930's in numbers no 1930.

1920's 20,21,22,23,24,27 in small numbers.

1910's in numbers 11,12,13,19 small numbers 16,17

There is very, very little corrosion. Looks a great lot of pennies for my needs. Kings & Queens heads look to have a lot of detail which has surprised me. Have only looked at few bags. Pulled out a few lookers in the 1930's.

The way it has come will mean I can start listing next Saturday as it is only one date of each at a time. So I can go hard looking at pennies or not.

Looks like some fun days ahead for you.! Should be some great errors and die cracks in that amount of coins. Enjoy.!!

So now I have a whole heap of Australian pennies spread out over many years.

Now what do I have in mind? I have read that some on CCF are not that keen on selling and have the purest collector attitude. Which is fair enough. Every one has a right to there own ways. But I like to try and think outside of the square.

This penny buy is for many reasons. We get a lot of buyers and traffic on ebay and we only sell Australia and to see some coins in our ebay store especially Australian pennies at $1 each can only help coin collecting and add some interest to our store.

We give out "bonus extras" to every buyer and pennies at approx 8c each sounds like a great way to hand out a bonus.

I also get to start my own collection and to look for errors etc.

It is a nice way to look at things from our end! Different but nice!