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 Replies: 8 / Views: 1,397 |
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Valued Member
United States
140 Posts |
Recently I have been talking to my co-workers about my coin collecting and I had one girl said she had a lot of cents that she has been saving for years. I asked if I could buy them and she agreed, I was pretty excited. She brought them in tonight. So here's a couple of questions I have:
1. We have pretty sensitive scales are work so I just counted out a sample weight of a 100, and threw the rest in. The scale read 3,420 so I shelled out $34 and a quarter. Is using scales an accruate way to take count?
2. This question is about post '82 cents. Does anyone keep common post date? According to *** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. *** their melt value is only $0.0053873
I have been separating my cents into post and pre '82. Also looking for numerous varieties and wheats. Up till now I never looked at the value of a post '82 and am serious thinking of turning these over to the bank.
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Pillar of the Community
Australia
4411 Posts |
Weighing them will not be an accurate way unless theyre all pre 82 or all post 82.
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Valued Member
 United States
140 Posts |
I had thought about that and was going to find 50 copper and 50 zinc and use that for the sample but didn't. I just grabbed a random 100.
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Valued Member
United States
433 Posts |
this is a good idea I think I'm gunna try this out see if people are up for it I don't see why they wouldn't be unless they collect too but I highly doubt that
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Valued Member
United States
140 Posts |
Here is a pic of what I bought, wanted to wait till day for some better lighting on it. My '72 Ike is up front so you can compare.  I'll be providing updates as I go. Last night I searched for about an hour and a half and found Wheats-12 Canadian-3 Varieties-0 Edited by CJ Cents
03/02/2013 11:37 am
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Pillar of the Community
United States
8516 Posts |
Great score ! Hopefully you have a good loupe and search every single one. Lots of things you can find.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
197 Posts |
If both parties to the transaction agree that weighing is an adequate method of arriving at an estimate of quantity, then I should think it would be okay.
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Pillar of the Community
United States
1217 Posts |
i have done the same hting for co-workers, but I did it an entirely different way. I took their coins home, went through them all, and kept the coppers and wheats seperate. Once I was done, I returned them all of the 82 and newer pennies. I told them how many wheats and how many coppers I ahd . Then I offered them 3 cents each for the wheats (all common dates) and 1.3 cents each for the coppers. Paid them cash and then had them do whatever tehy wanted with the other coins. This was good because it was fair to everyone as far as price and there was no guesswork where one party could lose out. The other good thing is that I didn't have to take the time or use the reosurces to dump their coin for them - I already dump a ton of coins at my dump banks, so one more trip would have been more effort. They are happy because they made a few extra bucks than if they just dumped it themselves. I am happy because Ig get to hunt unsearched coins and get them at a fair price. When I find silver in coins other than cents I offer 90% melt. Everyone is a winner. I am trying to see how I can spread the word more at work. I have already done two batches and have a third lined up.
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Pillar of the Community
United States
622 Posts |
CJ Cents, You actually went about weighing them in the ideal way. You don't know what the mix is of post/pre 1982 so 50/50 would not have been accurate. By weighing 100 random from the pile, you probably got a fairly accurate representation of the coins.
And I agree that it won't be a perfect number but if both parties agree...
OO
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Replies: 8 / Views: 1,397 |
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Posted 03/02/2013 12:51 am
