http://www.ebay.com/itm/1-13-lbs-Ass...ht_9880wt_1037
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Yup...Quote:
Originally Posted by AuburnEwaste
He's fishing, hoping to land a big one,,
Somewhat along the same lines.....
I had no idea that pre-1982 (95% copper) Pennies were actually selling at almost 2x face value on Ebay. I know that's the metal value, but given that it's illegal to melt these things down for repurposing, that seems crazy. I guess folks are expecting laws to change at some point.
These are not just listings, they're actual sales. I guess I'm very behind the times on these things.
http://www.ebay.com/itm/10lbs-30-Rol...item2a19783b36
LOL no im nuts just ask my kids. And I buy these pennies to get wheaties. The last batch I baught was $10 dollars worth of pennies and I paid $14 bucks for them. I got 143 wheaties in that batch and 1 of them was worth more than I paid for the whole lot.Quote:
Originally Posted by Kris Kringle
@ Auburn Waste....Sorry for thread hijacking, but I couldn't resist this topic
@ Kris Kringle....I recently did that on $1000 worth of Kennedy 50 cent coins....I found 4, 1965-1969 Kennedy's (Silver value ~$5/coin), along with limited ciruclation 1987 and 1988 San Fran Proof coin. I don't know if it was worth the time invested since I'm not efficient at coin roll hunting, and my 0.2% (silver) hit rate seems low, but it was a thrill nevertheless. Coin arbitrage!
I can understand silver Kennedy's, quaters, dimes, and war nickels.....but I don't think my local coin broker will pay anything approaching 2x face value for pre-1982 Lincolns. That's the virtue of Ebay I guess. A global markets yields all kinds of unexpected results.
@ PTS....congrats on the Wheaties. I've been thinking about that. I withdrew $150 of pennies from the bank a few weeks ago with something along those lines in mind, but they're still sitting in the bricks waiting for me to sort.
PTS, pardon my ignorance, but what's a "wheatie"? ThxQuote:
Originally Posted by PartTimeScrapper
You would have to go through a lot of coin rolls and probably not find many silver coins. When I have to count the register drawer at my day job I always check for them and people think I'm a weirdo.
On the original topic, I just saw another Ebay listing for 10 pounds of gold fingers with a starting price of $1600.
a wheat cent penny 1909 threw 1958. 1909s and 1914d look them up on ebay and see howmuch people are crazy to pay for a penny :)
http://0.tqn.com/d/coins/1/G/j/-/-/-...Penny_Both.jpg
I have a whole shoebox full of them; in the beginning of my ebay'ing was rolling a mixed full roll and selling on ebay. Never been cherry picked. Wouldn't know a good one from a notsogood.
Mr Edgewood, hijack away, I am a bit of a coin nerd myself!
@ Kris Kringle,
Very true. I was never certain how much I wanted to get into that whole side of things. Discovered coin roll hunting and then shifted to the Ewaste thing as it seemed much more interesting. With non-precious metal coins, folks are spending tremendous energy documenting rare coin errors/varieties. I guess that is interesting, but it seemed like a lot of energy was being invested to create scarcity and drive up prices within micro-markets (e.g. 1998 "AM" variety pennies etc.). There's all kinds of scarcity in early "E-waste", and the stuff has more layers of value: symbolic, historic, functional, aesthetic. I know that's heresy to coin collectors, but it was my impression after investing a month investigating.
Am I missing something here????
http://www.ebay.com/itm/SCRAP-58-LBS...ht_1467wt_1037
@ AuburnEwaste,
That is a hilarious add. A few weeks ago I'd have no ability to judge it. But, given my very limited knowledge, that would require some serious alcoholic haze Ebay bidding to get a hit. Somebody school me if I'm missing something.
Otherwise, I'll eat my shoes if that sells in the next 8 days.
I'm sure that they are graded higher because there is no dead weight (heat sinks, caps) but 50.00 per pound? I put it on my watch list because I am curious how it ends up.
@ Mechanic688:
This might be a useful ballpark figure guide on your old Wheaties
http://www.us-coin-values-advisor.co...oln-Cents.html
I don't know what a 1920 wheatie is worth but this seems extreme.
http://www.ebay.com:80/itm/ws/eBayIS...m=110802410430
Under his "me" section he says he is retired. I guess this means he can afford to list silly ads and play games.Quote:
Originally Posted by AuburnEwaste
I dont know this 1909 penny sold for $8600.01.
http://www.ebay.com/itm/1909-S-VDB-1...item2a193f17cc
That 1920 wheatie is a P which is a little more rare but I don't know about the uncirculated rating when it's out of it's package. Their usually sealed in clear plastic then graded. He's also not showing the grading cert. or who did the grading. Maybe it's just him "guesstimating"
I just spent $1500 on a penny... 1909s VDB
The price for the 1920 is a little much because of the marks. I would pay around $60 for it though.
http://i30.photobucket.com/albums/c3...97/wow_002.gifQuote:
Originally Posted by PartTimeScrapper
OMG if you have pentium pro chips to sell put them on ebay now. This auction is up to $175 a pound.
http://www.ebay.com/itm/Lot-15-Scrap...item43ad4c6849
*Runs off to look through the chips & pennies* lol
People are nuts.:)
hey guys ive been CRH for about 3 years now ( Coin Roll Hunting), if you go on youtube you will see the mass amount of people doing it.. and i also have been hoarding copper pennies i have about 2500 pounds right now.. a have a couple 55 gal drums filled waiting when the gov gets rid of the penny so we can melt as for now i sell them on ebay for 100# lots every so often... i hit 5 banks a week for pennies and kennedy halves, i also have a penny sorter by reydel i paid about 530$ for it, you throw your pennies into the machine and it sorts the copper ones and spits them to the left and the non copper ones get spit to the right and go back to the bank....
ive had some issues with the banks in my town regarding getting x amount of pennies a week and now i visit the surrounding towns to get pennies from them and the bank that gave me the issues gets them returned to...i sort roughly 1000$ face value a week of pennies and sort about 3000$ face in kennedy halves a week..
$505 for the lot of 15 this afternoon !? Can that be right ?????!
http://cgi.ebay.com/ws/eBayISAPI.dll...vip=true&rt=nc
Look at this one from same guy. 44.45 lbs of green metal fiber sold for $616 after fees and shipping he netted over $11 a pound for those.
look at www.realcent.orgQuote:
Originally Posted by ElectricMetal
[QUOTE=jerseyscrapper, ...55 gal drums filled waiting when the gov gets rid of the penny so we can melt..[/QUOTE]
Folks, correct me if I'm wrong, but I believe it is illegal to melt U.S. coins for ANY purpose. And Feds don't fool around when it comes to these types of laws. Personally, I wouldn't touch this copper strategy with a 10-foot pole.
My 2c.
Only cents and nickels are illegal to melt - and there is an exception for the 1942-1945 war nickels since they are 35% silver. All other coins are legal to melt - but they're worth far more as a coin than as scrap. It is also illegal to export more than $50 of cents or nickels. Most people I know aren't melting them, they're hoarding in case TSHTF.
There are two major schools of thought on that. The first is that if things really go south: gold, silver, and copper will be worthless and only bullets and food will matter. The second is that gold, silver, and copper have been used as a convenient medium of trade for thousands of years and will continue in that function as long as they are relatively scarce.
I saw someone post something (I forget who now - sorry) about how aluminum was more valuable than gold at one point due to it being so difficult to refine. While true, that is no longer the case - enough has been mined and refined that it can't come close to gold. Aluminum (in various ores) is one of the most common metals on the planet.
I prefer a more balanced approach - plenty of precious metals and plenty of bullets to protect them. :)
While I wouldn't melt them myself, if I had a batch I would certainly sell them to the fools paying 2x face value!Quote:
Originally Posted by martyweil
That being said, I am NOT going to spend my time tripping over dollars to find dimes! (Or in this case pennies!)
There is much more valuable scrap to go after out there!
Just my 4 cents.
I posted about Aluminum. As far as gold goes even with the $1800 spike people who purchased gold in 1980 when it spiked at $800 an ounce are still under water considering inflation. 1 USD in 1980 is worth $2.50 today using CPI data (which is itself rigged because they got rid of data that made theindex look bad). Diamonds are another investment people get burned on (gem stones in general unless you find one in a ditch). As with anything else, investing in something when everybody else is doing it is not a good idea.
While most of the easy to find metals on the surface of the earth are mined, making recycling profitable, there will come a day soon enough where all those metals on the ocean floor (concentrated around heat vents) will be very profitable to mine because of the ore/ton of rock ratio.
There are people buying up rolls of change looking for silver coins (after silver spiked in the last 5 years) but coin collectors (and bank employees) have been doing that since the 1970's so you will find very few silver coins in those tubes. Wheet pennies are worthless except in bulk and even then hunting for them is a waste of time. Unless you are experienced in collecting coins its not something you should bother with. The price guides on the net for coins are for dealers selling to collectors (gives you an idea of what you would pay for them). Dealers have metric tons of those "hard to find items" and will pay you pennies on the dollar IF they need a specific coin and have a buyer waiting for it. The only stuff worth anything are real rarities and only in top mint condition and even then dealers pay less then 40% of retail after they screw you on grading.
While it might be illegal for a US citizen to melt down pennies and nickels for metal value, I don't think sending a billion pennies to China for them to melt it down would be a problem so people will hoard pennies hoping the metal value rises enough to make shipping worth it. Most people are better off in the long run if they take that $1000 they have and pay down their 18% credit card and not hoard pennies in the basement.
If TSHTF you are better off in a small rural farm out in the middle of nowhere packing heat then sitting in any city with a stack of precoius metals.
Still coin collecting can be a cheap and fun hobby, I set aside anything in my change that is silver or old. The stuff does pop up once in a great while when some old lady breaks open her piggy bank to buy bread. Ever notice that since the Canadian Dollar is worth more then the US one you don't find Canadian change much anymore here in the US? Just don't expect to make money in any area you have no clue about.
unknownk : Great analysis. Down to earth. People don't often enough crunch the numbers. Or take a common sense approach. Too easy to get caught up in the fluff. : Paul