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 Replies: 6 / Views: 1,146 |
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Rest in Peace
United States
5375 Posts |
I have a few questions about this....
What percent of pennies are typically pre-82 when you go through a box?
If you've sold them, what can you generally get? Will dealers buy them? Thank you.
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Pillar of the Community
United States
1450 Posts |
I do rolls not boxes but I have been getting about 25% copper. Many people don't bother with the 1982's but my experience has been about 75% of them are copper so my 25% includes the copper 82's. I have not tried to sell mine so I can't address that part of your question. I will say, I sort about 50 rolls a day and the last 2 weeks I am seeing less copper and definitely less good grade copper coins.
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Pillar of the Community
United States
2602 Posts |
The copper ranges from 15-30% in rolls I've searched, including the 82s. As for selling them, I was only sorting them for the Cent Project and so I dumped everything back into circulation. However, I do now folks on ebay sell the coppy for about 2 cents a coin and get it routinely. So there is a market. |
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Pillar of the Community
United States
581 Posts |
Yup! Double your money, a penny at a time.
A couple of comments.
1. 2 cents is about as good as you're going to get and some auctions on e-bay end up with the seller getting less than 1 1/2 cents per penny.
2. To make any kind of "money", consider the number of coins you'll have to go through. To make $100, you'll need $100 face in copper pennies (to sell at $200 hopefully). Based on the percentages sited above, that's about $500 face unsorted (on a good day). That's 50,000 pennies (1000 rolls) you'll have to sort through to "make" $100..... There's gotta be a better way :)
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Rest in Peace
 United States
5375 Posts |
Eh, I can go through rolls pretty quick, but you're right....its an activity for a rainy day with a little extra cash as a bonus.
Does the amount also depend on the bank?
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Pillar of the Community
United States
581 Posts |
There are actually some benefits if you do it little by little (on rainy days or after a trip to the bank with a couple rolls in tow...)
I enjoy separating them and then of course, you get to go through the '82's to see which is which.
I usually don't look for varieties, errors, etc. I just roll them up when I get 50 and put them in a box. My NEXT project is to take each of those rolls and slowly go through and look for interesting stuff.
So I get TWICE the bang for the buck!
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Rest in Peace
United States
5375 Posts |
Eventually I could start checking for inconspicuous errors and such, but I'd think that as long as I was paying attention (probably difficult after 10000 coins) I'd notice an obvious error.
I have a lot of boring rainy days around here, though.
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Replies: 6 / Views: 1,146 |
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Posted 06/30/2008 12:28 am
