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Sorting Pennies Advice

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Author Previous TopicReplies: 13 / Views: 2,029Next Topic  
Valued Member
Luvpennys's Avatar
United States
102 Posts
 Posted 04/05/2013  4:06 pm Show Profile   Bookmark this topic Add Luvpennys to your friends list Get a Link to this Message Number of Subscribers
I am coming into $1000 of loose change, mostly Lincoln cents. Should I seperate the 1981 and previous? If I do, what kind of price can I get for the coppers? I don't ebay and don't want that much money tied up too long. Looking for any advice. Thank you!
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Bassmaster's Avatar
United States
1130 Posts
 Posted 04/05/2013  4:33 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list Get a Link to this Reply
ebay is definitely something you should check into. If not, you could sell the copper lincolns on this forum when you get enough posts.
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basebal21's Avatar
13014 Posts
 Posted 04/05/2013  5:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
You could expect 2 or 3 cents for every copper penny on ebay, other than that itll all depend on the buyer
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United States
20753 Posts
 Posted 04/05/2013  6:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
You could expect 2 or 3 cents for every copper penny on ebay, other than that itll all depend on the buyer

Guess every one is missing his original statement that he doesn't use ebay.
So just where were you planning on selling those Copper coins? And just what makes you think your going to have enough to make it worth any postage to send anywhere?
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 04/05/2013  6:23 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Coinstar....
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basebal21's Avatar
13014 Posts
 Posted 04/05/2013  7:52 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

Guess every one is missing his original statement that he doesn't use ebay.


I didnt miss that part thats just the only place I know where you can sell them like that. Coin stores arent going to pay a premium if theyd even buy them, I guess he could try craigslist other than that
Valued Member
Luvpennys's Avatar
United States
102 Posts
 Posted 04/05/2013  10:07 pm  Show Profile   Bookmark this reply Add Luvpennys to your friends list Get a Link to this Reply
Not saying I couldn't get on ebay, but after checking ebay I'm only seeing about 1.5 above face. I'm looking at what had bids ver what some people are asking. I just don't know if its worth my time and tying up money that long. If I can't make money on it I'm not just interested in searching 10000+ coins just for a couple $4 WAM's. I'm about $200 searched and have found about 15 wheats, one 2000 WAM and a 1881 IHC that might not even make G.
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RMAN4443's Avatar
United States
187 Posts
 Posted 04/07/2013  9:05 pm  Show Profile   Bookmark this reply Add RMAN4443 to your friends list Get a Link to this Reply
Luvpennys
Quote:
I just don't know if its worth my time and tying up money that long. If I can't make money on it I'm not just interested in searching 10000+ coins just for a couple $4 WAM's.
I don't get?
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basebal21's Avatar
13014 Posts
 Posted 04/07/2013  10:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If I can't make money on it I'm not just interested in searching 10000+ coins


In all honesty I would say its not going to be worth your time if your just looking to make a good chunk of change. You could get lucky and find something special theres just not a lot of money to be made from it, if there was everyone would do it.

The ebay market may have changed for them, I dont follow it closely or the price of copper for that matter. At some point buyers are going to start to dwindle as they get discourage from either the copper price, realizing they wont be able to melt them, or theyve just bought all they want.
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Luvpennys's Avatar
United States
102 Posts
 Posted 04/08/2013  1:47 pm  Show Profile   Bookmark this reply Add Luvpennys to your friends list Get a Link to this Reply
Thank you for all your input. I'll find out today if the wife comes home from work with a couple hundred pounds of change. If she does ill search it. If not, oh well. So far I'm two silver dimes, 15 wheaties, one IHC and a WAM from what I have searched. I just want to break even with the costs of rolling it. 15¢ on the dollar at coin star , 5¢ at the bank. I can roll $1 for 1.5¢ so we will see what happens.

Does anyone know if there are variations of the 1995 DDO? I found one with doubling on the first "t" in states. I don't know if I can get a picture that close. I had to look through my 15x to see it.
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BadToTheBone's Avatar
United States
1795 Posts
 Posted 04/08/2013  10:04 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
Well I would take all the 1983 cents out because if you have a copper that weighs 3.1 grams you have found yourself a valuable coin. The copper plated zinc will weigh 2.5 grams. Personally myself I would go through them for errors, but that is an awful lot of coins to go through. You not wanting to tie up your money that wouldn't be practicable . So you have to decide. Good Luck!
Valued Member
Luvpennys's Avatar
United States
102 Posts
 Posted 04/09/2013  9:55 pm  Show Profile   Bookmark this reply Add Luvpennys to your friends list Get a Link to this Reply
I removed $250 in silver (clad). Count so far, 2 halves, 1 België franc, and one Deleware Water Gap bridge token.

Sorting-Pennies-Advice

BTW, 100th post
Edited by Luvpennys
04/09/2013 10:00 pm
Valued Member
Crouse27's Avatar
United States
50 Posts
 Posted 04/10/2013  11:55 pm  Show Profile   Bookmark this reply Add Crouse27 to your friends list Get a Link to this Reply
I have bought unsearched all copper cents in bank bags at 1.4 and paid shipping, but my supply source decided to take a break. If you are pre searching them and can just throw in a bankers bag I would bid 1.3 and pay shipping for all 1981 and earlier (or 1982 if you know how to weed out the zincolns). You need to provide in $100 increments for it to be worthwhile. I like to buy in $300 increments ($390 bid plus shipping).

Post something if you think it is worthwhile to get together.
Valued Member
Luvpennys's Avatar
United States
102 Posts
 Posted 04/11/2013  12:59 pm  Show Profile   Bookmark this reply Add Luvpennys to your friends list Get a Link to this Reply
Got one of my kids to do the ebay thing, (Little pocket money while she is in college) So she will be in charge of selling the copper cents and other finds, Stay tuned ...
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