Unsorted Pennies

[stonewallrabbitry]

I have someone locally looking for pennies, I am behind in sorting by 25 box so I offere to sell 20 box. It looks like we might have come to a deal of 580.00 for the 20 box, Would you guys sell them if offered 580.00?

Edit: I would buy silver with most of the 580.00

[stlouiscoin]

are you saying $580 for 20 boxes? I would say NO if that is the case.

[stonewallrabbitry]

yes 580.00 for 20 box of unsorted pennies, so I would be making 80.00 for doing nothing really

[Diggin4copper]

Oh, unsorted..... sure if you can replace them easily

[deacon]

You can always get more pennies from the bank. Looks like you could get 80 dollars profit without even sorting.

However, you are also giving away a possible 9000 copper cents.
2500 cents in a box x 20 boxes x 18% copper cents = 9000 copper cents

According to coinflation, $90 copper cents is worth $198 in melt value. You can probably sell them for ~$120.

So, you cut your potential profit in more than half, however you save the time it would take to sort, and then dump the zinc cents.

I would go for the deal. Reinvest the profit into more boxes

[Madwest]

yup. sell them.
You could weigh them and keep the 5 heaviest. (Of course a 1969s DDO is in one of those boxes - do you feel lucky?)

[Numis Pam]

It would depend on how much money you spent in gas gathering them, and how much effort it would take to replace them. For me, an $80.00 profit would be worth it cause I dont have to count my gas money. Husband goes to town once a week for business and that is when he gets my pennies. And we have no problem getting as many as we want... so .... yes I would do that... but I would re invest in pennies again, except for the $80. profit.... I would probably buy wheats or Indian heads with the profit...

[stonewallrabbitry]

Thanks, I offered them at 30.00 a box and she asked how much if she took all 20 and I came down to 580.00 but I think that will be my lowest. I drive right past the bank so no gas involved. I have a standing order of three box a week and I handsort so I do not see myself having time to sort the 20 box anytime soon

[RichardPenny43]

Heck yea, I'd sell em. Does she not know the bank sells them for $25?

[Z00]

yup. sell them.
You could weigh them and keep the 5 heaviest. (Of course a 1969s DDO is in one of those boxes - do you feel lucky?)

This is the best option. (The odds that the DDO is in the one you keep are increased by the wt.)

[stlouiscoin]

oh, the unsearched didnt register with me.. then YES, great deal!

[NHsorter]

yup, I would sell them. I like the weighing idea too.

[mishra142]

I have a similar deal with a guy near me. He is unable to obtain large amounts of pennies. I sell him $350 every other week. He takes either boxes or bags whatever I have for $410.