Allow me to introduce myself

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

Allow me to introduce myself

Postby ed_vantage17 » Fri Mar 04, 2011 6:48 pm

Hello all. I've been lurking for a couple of months and finally decided to jump in to the forum. I've actually been a CU hoarder since the mid to late 80's. Mind you I was a kid at the time, but my mom told me about the switch to zinc when it happened and she started saving her CU and I did the same. She remembered the silver craziness of the early 80's when it was near $50 per oz and she believed it would happen to copper someday too. I have no idea how much she has saved in nearly the 30 years since the switch, but I imagine it's a lot. As for me I gave up the hoarding back in '06. I was hurting for cash, copper was around $2.00 per pound and I didn't see it as ever being worth the space and back breaking to keep moving boxes of pennies every time I moved. So I cashed in nearly $1000 in all copper to a local bank for greenbacks. OOPS.

Anyways a few months ago I was going through eBay and I saw that CU cents wee selling for almost 2X FV. After kicking my own rear end for selling out five years too soon, I jumped in. I've hand sorted a few boxes and getting about 28% right now. Sold a couple of 10 lb lots on the bay and netted between 1.4 and 1.5 after fees and shipping. Got an order in for a comparator. I'm going to build a ryedale like machine and I hope to be sorting a couple hundred a week within the next few months. Not gonna quit my day job, but if anyone wants to pay me $1.50 for something I can get for $1.00, I'm all about it.

Just thought I'd say hi and I look forward to learning by doing.
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Re: Allow me to introduce myself

Postby Roadrunner » Fri Mar 04, 2011 7:27 pm

Entertaining story. You have a good mom!

Welcome!
"The silver is mine, and the gold is mine, says the LORD of hosts." ~Haggai 2:8
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Re: Allow me to introduce myself

Postby Sheikh_yer_Bu'Tay » Fri Mar 04, 2011 7:42 pm

Welcome ed_vantage17!

Almost everyone here uses a Ryedale. Llke you, I am working on my own little invention.

Welcome to the club! :D
When I die, I want to go like Grandpa did. He died in his sleep..... Not screaming and hollering like all the passengers in his car.
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Re: Allow me to introduce myself

Postby TXBullion » Fri Mar 04, 2011 8:29 pm

welcome, feel free not to sell yourself short at 1.50. Some people like to pay more than that for copper that is worth 3 cents
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Re: Allow me to introduce myself

Postby twentybux » Sat Mar 05, 2011 12:09 am

Welcome! If you have been lurking for a while, you know there is alot of smart folks here. My advice...soak it up! Time is of the essence! Good luck in your finds!
"If 'ifs and buts' were candies and nuts we'd all have a happy Christmas." -- Coach Jackson (my 8th grade track coach)

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Re: Allow me to introduce myself

Postby VWBEAMER » Sat Mar 05, 2011 11:26 am

Don't sell all your copper too soon again. Sell only enough to keep your own hoard growing. 1.5 face is just the beginning.
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Re: Allow me to introduce myself

Postby sparechange » Sat Mar 05, 2011 2:49 pm

Welcome! Sounds as if you'll have the $1000FV back in no time. Hope the hoard grows quickly & should at that %.
Always drink upstream from politicians, they tend to foul things up.
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Re: Allow me to introduce myself

Postby newton7 » Sat Mar 05, 2011 3:12 pm

Welcome Aboard!!
"It is only worth what someone will pay for it."

"Fly low, fly slow and don't make much noise."

my old feed back viewtopic.php?f=32&t=2348
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Re: Allow me to introduce myself

Postby misteroman » Sat Mar 05, 2011 7:15 pm

welcome and I wish my parents told me to hoard coins when I was younger!
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Re: Allow me to introduce myself

Postby PreservingThePast » Sun Mar 06, 2011 9:37 am

Welcome to the madness.......ed_vantage17. It is nice to hear about someone listening to their mom. ;)

Enjoy your coin searches, everyone. :geek:
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Re: Allow me to introduce myself

Postby hejira11 » Sun Mar 06, 2011 10:49 am

Hi!!!!
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