implanting myself within the hustle and bustle of university life
I have unstable income sources
a lack of free time
I might miss this fantastic opportunity to get copper bullion for less than half its actual value
algae21 wrote:IMHO.
You seem pretty intelligent. Find a way and I'm sure you'll appreciate the rewards later on. I always collected wheaties and silver as a kid, even considering myself a novice coin collector. When I hit my late teens, life started presenting more pressing and interesting pursuits. Old coins weren't a priority anymore. That said, I can still remember when wheaties were pretty abundant, for the taking, and silver coins could be found in nearly any roll of dimes and quarters you happened to pick up at the bank. Gold was roughly 400 an ounce.
Those days, of course, are long gone. If I had taken it more seriously over the years, I can't even imagine the hoard I would have had by now. Now I'm trying to catch up, so I'm sorting pennies and trying to pick up whatever silver I can at prices I would have never imagined back in the 1980's. I don't really "need" to, but frankly I live in a country and see an economy that just scares the living hell out of me.
So, for whatever it's worth, figure out where you can make the sacrifices in time and money and keep at it. Of course, pennies aren't easily transportable. But it should be an easy step to barter up into the PM's.
barrytrot wrote:If your reason for sorting is to make money NOW then you are better off with almost any job (until you REALLY ramp up).
Learn about computer programming/design/analysis. That will be a better path to now-money than sorting copper cents even at the 1-Ryedale level. Now at the 3-Ryedale scaled up level you can start earning double digits per hour, but until then you really are better off with ANY job.
In today's market knowledge is king so if you learn PHP you can probably get a job paying the equivilent of 25k/year (12.50 per hour) with minimal effort and 40k/year or more with a lot of effort (and if you are truly "good").
fasteddy wrote:Here it is..At my best I could handsort a box in an hour, now I have sporadic pain in my thumbs from the handsorting. With a Ryedale Apprentice, I can do a box in nearly the time a commercial on TV runs. With the minimal time you will have while in school the automatic machinery is the way to go. You may lose some coin that you would find handsorting but the amount you will build in copper coin holdings will increase much faster than handsorting. You have the funds right now to purchase and realize the benefit of copper coin. Whichever way you decide...it is a win win...the only loss is if you don't sort at all.
scyther wrote:I'm stating the obvious of course, but don't buy a Ryedale unless you're certain you'll continue to have a good supply in the future. If your banks cut you off, or the copper dries up... you've wasted a lot of money.
IMO I don't think so...billions of copper pennies have been produced...my percentage is still the same after four years of sorting and that is with billions more produced and in circulation. If space is an issue turn your copper discs into gold or silver discs. Many here on RC do that.Romalae wrote:be too late based on your predictions about the fate of the penny or the fate of copper penny circulation?
fasteddy wrote:IMO I don't think so...billions of copper pennies have been produced...my percentage is still the same after four years of sorting and that is with billions more produced and in circulation. If space is an issue turn your copper discs into gold or silver discs. Many here on RC do that.Romalae wrote:be too late based on your predictions about the fate of the penny or the fate of copper penny circulation?
fasteddy wrote:IMO I don't think so...billions of copper pennies have been produced...my percentage is still the same after four years of sorting and that is with billions more produced and in circulation. If space is an issue turn your copper discs into gold or silver discs. Many here on RC do that.Romalae wrote:be too late based on your predictions about the fate of the penny or the fate of copper penny circulation?
shinnosuke wrote:You always have the option of purchasing a used Ryedale either here or on eBay. You could sell that same piece of equipment here should a change in your life justify doing so. You seem to be inordinately concerned about storage space. Unless you live with your family in an apartment, there are plenty of places and a variety of storage containers for keeping your coppers. Boxes under the beds come to mind. All the beds. Speaking of things under the bed, and only slightly tangentially, how is your family set for long-term food storage? You're going to need that too someday soon. Finally, if the size of your copper stack simply becomes unbearable, you can trade it here for silver and enjoy what I suspect will be even greater returns. As you may recall, I live in San Antonio. I wouldn't mind helping you with a transaction like that. Face-to-face deal in. say, San Marcos.
scyther wrote:On the other hand, billions of wheat pennies were also made, and they're like 0.4% now. I think as long as they continue to make billions of new zincs, the supply will eventually diminish.
My2Cents wrote:I can see your concerns, and while I recommend that anyone sort cents for their copper value, your situation is a tad different.
Getting a Ryedale isn't much of a concern, as you could sell some CTUs to fund the new machine and rapidly replace it. Since you have $1,000 fv, I figure 3 CTUs would cover the initial cost.
Your main problem isn't the storage, and to some degree, isn't even the availability of copper. It boils down to not having a steady source of income that's the main deterrent. That Ryedale will cull through those cents at a rate that will actually cost you to use. Sort $200 and you 'spent' $40 to salt away (considering a 20% copper rate), so without an income to replace that, well, it's kinda costing you to sort.
Now, if you have full intentions of securing a job and have reasonable expectations of sorting/keeping $200 every month in your stash, then I say to go ahead and buy your machine. But once you start using a Ryedale, I doubt you'll ever go back to hand sorting.
shinnosuke wrote:Romalae, I proffer one more piece of advice that may border on being impertinent. I beg, in advance, your indulgence, kind sir. Do you realize that what you're doing is more than just a good idea from a financial standpoint? Fiat currencies, like the one currently being pumped out by the Federal Reserve, always end in failure. Always. So here's the advice: Get your parents involved. This isn't a matter of what can Junior do with his limited allowance for faithfully completing his weekly chores. You can save your family financially if they will just take the red pill with you and contribute to the effort.
The offer still stands to buy some of your copper-filled buckets so you can buy a Ryedale, used or otherwise.
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