just thought I'd ask the others.....

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Would you buy locally for 1.5X

yes
18
32%
no
38
68%
 
Total votes : 56

just thought I'd ask the others.....

Postby misteroman » Mon Feb 21, 2011 10:41 pm

Would you buy locally for 1.5X?
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Re: just thought I'd ask the others.....

Postby fb101 » Mon Feb 21, 2011 10:47 pm

My "no" is because I sort. If I wasn't I would.
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Re: just thought I'd ask the others.....

Postby Red King » Mon Feb 21, 2011 10:58 pm

Sure-it's still bullion at 50% off, and saves me the time of sorting (time, after all, is the most finite of resources).
1.8x is where I draw the line, though- at least for now.
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Re: just thought I'd ask the others.....

Postby shinnosuke » Mon Feb 21, 2011 11:10 pm

My "yes" is conditional. If I lost my full-time job and needed to step up my intake and output, I would buy at 1.5x. For now, I will not sell anything...just hoard.
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Re: just thought I'd ask the others.....

Postby Morsecode » Tue Feb 22, 2011 12:27 am

Definitely. So long as I don't exceed my self imposed ratio of 50/50 buy/sort.
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Re: just thought I'd ask the others.....

Postby misteroman » Tue Feb 22, 2011 12:44 am

I voted yes as I'm going to start next week. Said he can do about $300 a mo @ 1.49 lol I told him make it 1.5 and I'm going to see if I can pay him in Zincs!!!!
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Re: just thought I'd ask the others.....

Postby andrewjackson » Tue Feb 22, 2011 1:18 am

8-). I casted a no vote. I collect mostly for fun, with the long term investment position. If I was to purchase anything it would be silver.
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Re: just thought I'd ask the others.....

Postby HoardCopperByTheTon » Tue Feb 22, 2011 1:25 am

misteroman wrote:I voted yes as I'm going to start next week. Said he can do about $300 a mo @ 1.49 lol I told him make it 1.5 and I'm going to see if I can pay him in Zincs!!!!

That's funny.. Many months ago I sold a significant amount of coppers at 1.5 to another member here.. and he paid me in zincs. :mrgreen:
If your percentages are low.. just sort more. If your percentages are high.. just sort more
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Re: just thought I'd ask the others.....

Postby misteroman » Tue Feb 22, 2011 11:03 am

HoardCopperByTheTon wrote:
misteroman wrote:I voted yes as I'm going to start next week. Said he can do about $300 a mo @ 1.49 lol I told him make it 1.5 and I'm going to see if I can pay him in Zincs!!!!

That's funny.. Many months ago I sold a significant amount of coppers at 1.5 to another member here.. and he paid me in zincs. :mrgreen:

lol really? that makes it sound more promising then! I picked up a car to flip last week and told the guy I would take it if he took half in pennies. Got ridof $600 in zinkers that day :mrgreen:
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Re: just thought I'd ask the others.....

Postby 68Camaro » Tue Feb 22, 2011 12:39 pm

There was a similar poll a few weeks back and while less specific (didn't ask if it was local) the dividing line seemed to be more around the 1.3x mark. I voted for 1.25. For 1.25x local, I would gladly give up sorting and buy from another. Above that it gets progressively more murky but at about 1.5x I'm at a point where I would generally prefer to sort than buy.
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Re: just thought I'd ask the others.....

Postby JJM » Tue Feb 22, 2011 1:15 pm

I'm probably an outlier here, but I've bought about 20 boxes between 1.5x and 1.65x in the past couple of months, in addition to running the coin artist when I can. Demand was high after Christmas time, it was hard to find them at 1.65x shipped then, but demand (and prices) have come down a bit since then. 1.55x is probably pretty do-able right now. So if I was buying them locally, 1.45 in cash, or 1.5 in zincs, would be A-OK by me.

Nice move paying for 1/2 a car in zincs - I gotta try that!
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Re: just thought I'd ask the others.....

Postby misteroman » Tue Feb 22, 2011 4:43 pm

Wow 50% more nos the yes' s. Thought it would be the other way around
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Re: just thought I'd ask the others.....

Postby wheeler_dealer » Tue Feb 22, 2011 5:26 pm

misteroman, I would buy locally at 1.5 . Even better if you could do it with zincs. Let me know if he has more than you need as i would consider the trip up your way.
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Re: just thought I'd ask the others.....

Postby Treetop » Tue Feb 22, 2011 7:42 pm

misteroman wrote:
HoardCopperByTheTon wrote:
misteroman wrote:I voted yes as I'm going to start next week. Said he can do about $300 a mo @ 1.49 lol I told him make it 1.5 and I'm going to see if I can pay him in Zincs!!!!

That's funny.. Many months ago I sold a significant amount of coppers at 1.5 to another member here.. and he paid me in zincs. :mrgreen:

lol really? that makes it sound more promising then! I picked up a car to flip last week and told the guy I would take it if he took half in pennies. Got ridof $600 in zinkers that day :mrgreen:


Whoa!!! 600 in pennies? Did this poor guy get to look at the massive pile before he said yes?

I paid for a pizza with pennies one time. I dont think the pizza guy was to happy either, but I told him thats all I had. Not much he could do. I gave him and extra few rolls of pennies and told him not to spend it all in one place.
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Re: just thought I'd ask the others.....

Postby justoneguy » Tue Feb 22, 2011 11:28 pm

misteroman wrote:lol really? that makes it sound more promising then! I picked up a car to flip last week and told the guy I would take it if he took half in pennies. Got ridof $600 in zinkers that day :mrgreen:

OK We gotta know, what kind of car did you buy for $1200
i bought a 1988 ford 4x4 pick up for $400 last year when i was building my house
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Re: just thought I'd ask the others.....

Postby misteroman » Wed Feb 23, 2011 1:30 am

Was an 03 tiburon with a blown engine
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Re: just thought I'd ask the others.....

Postby appjoe » Wed Feb 23, 2011 8:18 am

My answer was no. I enjoy hand sorting looking for errors, wheats ect.
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Re: just thought I'd ask the others.....

Postby dakota1955 » Wed Feb 23, 2011 9:00 am

Not at this time I am sorry but I still can get 50% more by searching myself.
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Re: just thought I'd ask the others.....

Postby Lemon Thrower » Wed Feb 23, 2011 9:30 am

I have bought more than $2000 FV at 1.3X or less, most of that with shipping, so no I will not pay 1.5X. I'm as cheap as they come.
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Re: just thought I'd ask the others.....

Postby tbram88 » Wed Feb 23, 2011 10:03 am

I voted no but mostly because I just got an apprentice. My job is seasonal and I'm trying to sort alot before work picks up.

After I go back to work I will probably buy more, and I have a source local.

Bob.
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Re: just thought I'd ask the others.....

Postby fasteddy » Wed Feb 23, 2011 10:15 am

I voted no, I am vested in the sort....Ryedale, counter, buckets, lots of buckets,
misteroman wrote:Was an 03 tiburon with a blown engine
Whats the plan mister o man? junkyard motor? I bought a 96 F150 w/ bad trans for 4 bills...put in a salvaged trans for $75, drove it for a couple of months then sold it for 15 bills. :D
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Re: just thought I'd ask the others.....

Postby misteroman » Wed Feb 23, 2011 10:41 am

engine at a local yard for 300-325. probably about 400 in labor and new fluids. flip for 28-3200. Would never usually pay that much but knew the kid and was trying to help him out
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Re: just thought I'd ask the others.....

Postby misteroman » Wed Feb 23, 2011 10:44 am

I actually flip alot but don't usually like engine jobs
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