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Bulk Lot Of Pennies

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New Member

Australia
4 Posts
 Posted 10/25/2010  9:01 pm Show Profile   Bookmark this topic Add Titanium to your friends list Get a Link to this Message Number of Subscribers
Hi all,

Just wondering, what's the face value of a log of pennies & halfpennies?

I know someone that is selling over 500kgs of pennies, half pennies, about 15 mint coin sets going from 1980s - 1998.

It does not look like any of them are sorted and the coins are in kegs and sheets etc. the asking price is $42k for the lot.

Cheers
Pillar of the Community
Australia
1040 Posts
 Posted 10/26/2010  03:32 am  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
I wouldn't be paying more than $20 per kg myself.
Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 10/26/2010  05:37 am  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
if you watch ebay, Aussie bronze routinely goes for $20~$30 per kilo, but rarely for more than that.
And that assumes that they've been stored adequately, that is no "green disease".
The mint sets can be found for less than $20 each.
So, that's an asking price of about $84 per kilo.
My response to that is to quote from one of the great examples of Australian cinema:
"Tell him he's dreaming ..."

Peter T.
in Darwin

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