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 Replies: 38 / Views: 3,548 |
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Moderator
 United States
188440 Posts |
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I would've bought all of them from that family, put them on a pickup truck, cart them all back, and put them in my lair, I mean basement.  |
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Pillar of the Community
 United States
6504 Posts |
Oh, well Ontario, CA makes this all seem far less dramatic.
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Bedrock of the Community
 United States
25199 Posts |
There's more than enough information there for anyone who wishes to contact the family. Not sure about paying $25K for $10K worth of cents though. But if they're contacting banks etc. they may be willing to cut a deal.
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
94367 Posts |
To me, Ontario, CA makes it much more dramatic.
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Pillar of the Community
United States
4618 Posts |
It seems funny that 1,000,000 cents are worth $10,000, but a single 1943-D Copper Cent in MS 64BN once sold for $1,700,000. Our hobby seems a little 'off' sometimes. I mean we pay many, many dollars to by what was once considered 'change' to most people and that makes us happy!
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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New Member
United States
16 Posts |
The Boxes look fairly modern, but the bank bags are interesting though.  |
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Pillar of the Community
United States
8750 Posts |
To your question in the post. Quote:
How Would You Like To Search Through 1 Million Cents?
I think I'm getting close. I'm guestimating but think I may be around 850,000. That's a lot to have all at once though.  -makecents-
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Bedrock of the Community
Australia
21786 Posts |
Some folks tend to get square eyeballs, when looking at TV or computer screens for too long. Mine would become perfectly round, after searching through these, looking for minor varieties and errors ! Calculation: If examining each coin for one minute each, and with other associated activities, it would take over 8 years of 8 hour days / 250 days per year. I would rather spend my numismatic efforts elsewhere, and not become socially withdrawn.  The US Government should just buy them for $10,000, roll them, and re release back into circulation, so that lots of variety and error collectors can have at least some chance. But I have a suspicion that the Mint would just melt them all, and re cycle the metal into new coins. |
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Pillar of the Community
United States
2910 Posts |
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If examining each coin for one minute each, and with other associated activities,
it would take over 8 years of 8 hour days / 250 days per year. I'm pretty sure the vast majority would spend more like an average of one second on a coin than a full minute - most of us here are date/type collectors... I've searched though well over 2 million coins total (including more than 1.5 million nickels) over the past seven years and it hasn't made a dent in my ability to have a social life at all. Quote:
To me, Ontario, CA makes it much more dramatic.
I totally agree, Coinfrog. You have to figure there are a lot of S-mint Memorial cents in there... something like a 1969-S DDO cent possibly could be lurking. You never know. https://www.PCGS.com/coinfacts/coin...erse-rd/2923CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
06/09/2023 10:50 pm
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Valued Member
Canada
402 Posts |
https://www.theguardian.com/us-news...pper-penniesA million good lucks: California family finds over 1m copper pennies ........ Cleaning out a house for renovation can oftentimes produce some unsavory surprises, but a family in Los Angeles got lucky - a million times over - with one of their finds. John Reyes, a realtor in the Inland Empire area, was helping his wife, Elizabeth, clean out her father's 1900s-era home last year when they discovered more than 1m copper pennies in a cramped crawlspace in the basement, according to KTLA news. The trove has a face value of at least $10,000, but could be worth more than $1m.
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Pillar of the Community
United States
4233 Posts |
I saw a similar article on USA Today. Where on earth did they get the $1M valuation? Their asking price is $25k, so that's based on the copper value, but then someone will have to sit on them hoping one day it will be legal to melt them, or do it illegally. Maybe start an "unsearched rolls" store on ebay, 20,000 in stock. |
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Pillar of the Community
Russian Federation
5173 Posts |
In Los Angeles? This old? You'd expect there'd be some 1908-S, 1909-S and 1909-S VDB showing up in there. Probably some other rare S mints as well. Maybe some scarce early IHC dates. Would it be worth 25k? I doubt it, even with that. I'd be surprised if they have any takers. EDIT: count me in as assuming they drove it all the way to the other Ontario CA, and I'm a little worried that the bank bags would mostly just all be red coins from the same LMC date. But I hadn't thought of the 1969-S DDO and that could definitely show up in there (if the accumulation isn't older than that, at least). Edited by january1may
06/10/2023 01:24 am
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Moderator
United States
54282 Posts |
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That $100 grand could have been invested much more prudently. 1,000,000 cents equals $10,000, Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Bedrock of the Community
United States
94367 Posts |
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Moderator
United States
96025 Posts |
A great example of why to NOT hoard copper cents.
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Replies: 38 / Views: 3,548 |
First Page
Posted 06/09/2023 5:47 pm
