Another company selling copper pennies

[highroller4321]

Has anyone heard of these guys?

http://www.independentlivingbullion.com ... -95-copper

[reddirtcoins]

New to me...

It seems they are above melt... 2.19 is that what everyone else sees?

[highroller4321]

New to me...

It seems they are above melt... 2.19 is that what everyone else sees?

34 - 306 $50 - $450 $ 3.36 = 2.285x face
340 - 3,366 $500 - $4950 $ 3.24 = 2.2x face

[JobIII]

I'm confused about their buy policy.

"We are buying this item back daily, and we pay you promptly!
Our current buy pricing is $2.50 each and we will buy up to 680 bags at this price.
Simply call us on any weekday to lock pricing at 1-800-800-1865."


Does that mean they are paying $2.50 / lb, per 34/lbs or what?

This isn't clear, also are they only buying back what they've sold? Since it's in their "sell to us" tab i'm not sure.

[natsb88]

I have heard of them. Never done business with them. I think they have been around for about 5 years, but pennies look like a recent addition.

[justoneguy]

I called and am shipping them 200lbs for $500.
I had these listed local for $130 CTU

[reddirtcoins]

New to me...

It seems they are above melt... 2.19 is that what everyone else sees?

34 - 306 $50 - $450 $ 3.36 = 2.285x face
340 - 3,366 $500 - $4950 $ 3.24 = 2.2x face

I don't know what I was doing... Which is why I asked... One of those days... I wonder if they sell any at that price?

[reddirtcoins]

I called and am shipping them 200lbs for $500.
I had these listed local for $130 CTU

So $148 profit?

err... I just might get in on this

[barrytrot]

At $2.50 per pound buy price everyone should sell everything they have. You can pay someone minimum wage to run your Ryedale and make a mint.

My guess is they will stop buying pretty quickly at that level. That's $177/CTU which is WAY above retail around here.

[johnbrickner]

Start with Lee Bellinger and his newsletter Independent Living published by Lantern Press. From there you can go to their 2nd newsletter Money, Metals, and Mining also published by Lantern Press. Thirdly, both will direct you towards Independent Living Bullion to get your hard money via a monthly purchase program. Lee often offers a silver (don't tread on me) round to renew his Independent Living newsletter and Money, Metals, and Mining offer an ASE (both from Independent Living Bullion) for subscribing.

So, Yes I know of Independent Bullion as I subscribed to his newsletter during a time he had offered a most inexpensive and discounted subscription. Have the "Don't tread on Me" round in one of my cache somewhere. After a couple of newsletters, I could tell the information he is sharing is already out there and let the subscription lapse. Still get offers from him (Lantern Press) to renew but toss it with the rest of the junk mail marketing.

"Nuff Said, subject covered.

[mishra142]

I just sold them 204 lbs for $510.

[JobIII]

You have to pay shipping right?

[hobo finds]

So a CTU is 69 lbs
145 cents to a pound so 10,005 cents
$100.05 face

Melt value is $215.26

They are buying at $2.5 lb so $172.50

[rsk1963]

let me know how this works out

[mtldealer]

So a CTU is 69 lbs
145 cents to a pound so 10,005 cents
$100.05 face

Melt value is $215.26

They are buying at $2.5 lb so $172.50

Minus the ~ 16.00 for shipping

[Tourney64]

Can't imagine they would buy all their supply instead of sorting themselves.
They are selling 1982 copper pennies so they are using equipment to sort out the copper 1982's.

[dirty fingers]

Buy price shows 2.25, so they may have already realized they were buying a bit on the high side.

[uthminsta]

I get emails from their company, but never looked to see if they bought or sold copper. Hmmm...

[JobIII]

They didn't buy from me

Between the price drop and people already getting in early, the window may have already come and gone for a great deal on copper sales.

~JobIII

[blackrabbit]

What did they say what was the reason for not buying from you? I was getting my pennies together to try to sell to them too.

[hobo finds]

maybe highroller4321 sold them a bunch!

[dakota1955]

I think that highroller just brought the company out.

[highroller4321]

maybe highroller4321 sold them a bunch!

Maybe...

[byro007]

Even at 2.25 a lb. that is a good price for me to sell them to. I will call in the morning.

[misteroman]

I called to try and sell a ton at a time and was told they would call me back in 30 mind after talking to higher up. Told him I would be interested in selling 5+ tons. Never heard back. I'm assuming a much larger seller stepped up.
Short window for sure.