Is the Ryedale Worth the Investment?
Posted: Tue Jan 29, 2013 7:51 pm
I have been handsorting pennies/one cent coins for a very long time now. I just crossed over the $10,000fv mark and in general I am very happy how I have spent my spare time. I come home from a hard day of work and sorting a box or two per night helps me wind down.
But I have been reading that Ryedale makes a machine that will do all the hardwork for you. So that got me thinking and ultimately doing me research.
I recently sold my first lot of $100fv copper pennies on ebay. After fees and shipping I netted a profit of $32.
My average yield is about 74% zincs/other 25% coppers 1% wheats. Drawing that out the $10,000fv I have sorted would look as such:
$7400 Zincs (Returned)
$2500 Coppers (Sold on Ebay)
$100 Wheats (Kept)
IF $100Fv yields a $32 profit then $2500 would yield an $800 profit+/-
This does not take into account the manual labor/time/gas...etc.
I have read articles stating that Ryedal penny sorters have sorted upwards of over 1 million coins. $10,000 fv= 1 million coins. At $500+/- the ryedale represent a pretty sizeable upfront investment.
If I were to take $500 of my handsorted ebay profits and invest them into a Ryedale would it be a worthwhile investment.
Any thoughts would be greatly appreciated.
Metal Monkey
But I have been reading that Ryedale makes a machine that will do all the hardwork for you. So that got me thinking and ultimately doing me research.
I recently sold my first lot of $100fv copper pennies on ebay. After fees and shipping I netted a profit of $32.
My average yield is about 74% zincs/other 25% coppers 1% wheats. Drawing that out the $10,000fv I have sorted would look as such:
$7400 Zincs (Returned)
$2500 Coppers (Sold on Ebay)
$100 Wheats (Kept)
IF $100Fv yields a $32 profit then $2500 would yield an $800 profit+/-
This does not take into account the manual labor/time/gas...etc.
I have read articles stating that Ryedal penny sorters have sorted upwards of over 1 million coins. $10,000 fv= 1 million coins. At $500+/- the ryedale represent a pretty sizeable upfront investment.
If I were to take $500 of my handsorted ebay profits and invest them into a Ryedale would it be a worthwhile investment.
Any thoughts would be greatly appreciated.
Metal Monkey