penny buy results

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penny buy results

Postby stonewallrabbitry » Sun Jul 24, 2011 10:01 pm

I bought a box of pennies for 105.00 last week and just finished sorting them so I wanted to post the results.
19.27 pounds copper
37.48 pounds zinc
3.25 pounds 82's (need to bounce test)
23 wheats
12 Canadian
$15.35 in quarters,dimes and nickels
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Re: penny buy results

Postby Thogey » Sun Jul 24, 2011 10:24 pm

I'm comming up with about $116.17FV (assuming the 82's are all zinc).

Ya'll can check my math.

But you made good on this deal.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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Re: penny buy results

Postby stonewallrabbitry » Sun Jul 24, 2011 10:33 pm

I think it was a good deal for both of us. I think that 105.00 was probable about what he would have gotten from coinstar and I was able to get the copper and wheats. I wanted a good deal but I did not want to cheat him either.

I did find a 1994D penny that has like a dashed line that runs from the D up to the U in trust, it runs on the same curve as the outer edge of the penny. It looks uncirculated so I do not know if it was somthing when it was made or somthing later
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Re: penny buy results

Postby Thogey » Sun Jul 24, 2011 10:36 pm

Hey man, good job.

Always be a square dealer. One big takedown will not help in the long run.

Remember the copper have a market price of at least 1.5X FV
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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