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 Replies: 14 / Views: 4,890 |
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Pillar of the Community
United States
1116 Posts |
I am going to try an experiment. For the next 2,500 copper pennies that I find I am going to be putting them into a generic plastic bag that I sometimes get my meds in.
Is there any thing bad about my idea? I have put a total 27 boxes of copper pennies into paper rolls, and now I'm looking to do something different. I guess that I'm cheap and don't want to beg papers rolls from my banks nor buy them from an office supply store.
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Pillar of the Community
Canada
5417 Posts |
Nothing bad about the idea. Seems logical enough. I have around 600 Pre-1960 Pennies in a large Ziploc Bag.
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Pillar of the Community
United States
4692 Posts |
You are risking PVC damage that will ruin the coins.
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Pillar of the Community
United States
2661 Posts |
Use food grade bags such as ziplock brand.
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Valued Member
United States
330 Posts |
Try and get the thicker plastic bags if you can. I have stored mine in the cheap bags and they ripped open.
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Pillar of the Community
United States
1217 Posts |
I put 2000 coin lots into plastic bags and wrap them with packing tape.
I sell the "bricks" of copper like this. Works well
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Pillar of the Community
 United States
1116 Posts |
Thanks for the info. I am hoping that I can put 2500 copper pennies in the zip lock bag and then put the whole thing in a penny box to go with my other boxes.
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Pillar of the Community
United States
937 Posts |
@ Coin Cbass You actually have people buy the 'bricks'? In my area I can find no one who will buy them. The scrap yards and recyclers won't touch them, the coin shops will not buy them, and whenever I have watched a lot on ebay they go unsold. As nearly one out of every three coins in every roll I search is pre 1982 I would love to find a market for them. |
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Pillar of the Community
Canada
2805 Posts |
If you decide against it, you can often find coin rolls for cheap at thrift stores. (source: volunteer at a thrift store)
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New Member
United States
19 Posts |
I store all my pennies in the heavy quart Ziploc baggies. You can get about 1500 in each one and weigh about 10 lbs each. I double bag just in case. I don't overfill them so they will lay flat. I then get ammo cans in the Fat 50 size and the bags lay flat in them. I can get about 15,000 (10 bags) in each one. The ammo cans are a little expensive but they are metal, airtight, if they have a good seal, and you can install locks on them. Seems to be working well, and they really don't take up that much space for all the pennies you can get in them. They are a lot easier to move if the need arises, when the pennies are bagged inside them.
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Bedrock of the Community
United States
19968 Posts |
Quote:
You are risking PVC damage that will ruin the coins. Zero risk, plastic bags are made from polypropylene, NOT from polyvinylchloride. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1217 Posts |
Tryna - I used to have a guy buying them from me between 145 and 155/ 100$ face. that was when copper was near 4$ and all of the folks out there thought copper was going to keep going higher and the US was going to abandon the penny. I had a guy who had a business with a vault and he would buy boxes of coppers off of me. I was pulling out the coppers and selling them to him. keeping the wheats, errors, IHC, etc NOW - that guy got his fill - at least 500$ worth, maybe 600-700 is more likley. Then it took me a while and the "hype" kinda died down so I sold some on ebay, but somehow the USPS lost an entire lot of 100$ face in copper pennies. it STILL hasn't turned up. by the time I went through the trouble of getting my money back from USPS, I had wasted more time than what I made selling it on ebay. i so now I just sell it to a guy for $120/100$ face. not very good and have slowed down on pennies because it takes a lot of work (I used to go through 5-6 50 dollar bags of pennies/week at times - maybe more when I was crazy into it) But at least this allows me to cover my gas for looking and then I still find wheats and other stuff. found an error I sold for $38 a month or two ago the dude I sell to now supposedly is stockpiling them for their copper value. |
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Pillar of the Community
United States
6130 Posts |
Do most buyers go by face value or by weight? I never even bothered trying to keep track of the face value of my hoard... I just tossed all of the coppers into a bucket--whenever I got some from hunting, change, or from my old job. I'll probably sell if copper reaches higher prices again, but I have no clue how to calculate besides the (pounds)*143/100 formula, which clearly would get less accurate with larger volumes and worn/scratched coins.
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Pillar of the Community
United States
1217 Posts |
I have seen by weight and by face. Weight would be easier.
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Pillar of the Community
United States
5211 Posts |
I keep my bricks of copper cents in USPS boxes taped up on the outside and inside. If you "settle" the coins enough you can get between 41lb to 48lbs in them. I used to have a regular buyer to go to but he disappeared a year ago. I am sitting on 400lbs I need to get rid off.  Edited by jack jeckel
09/14/2014 12:00 am
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Replies: 14 / Views: 4,890 |
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Posted 09/01/2014 06:00 am
