Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.
I am wondering what the market baseline for CTUs is. I have posted several for sale at what I felt was a good price with no interest. Am I marketing something that most Realcenters have and therefore value less, or is the current average price cheaper than I value for my time? For those of you who are selling, where is the market currently for CTUs? Are there people with fair standing buy orders? Thanks for any information.
dakota1955 wrote:what were you asking for your ctu?
I was asking $145 delivered. For me that equates to less than $30 profit after shipping. I have to search approx $500 in pennies to produce 1 CTU. After gas for dumping I probably would be breaking even at that price... Then again I do not have a huge operation... My origional post was to try to find the market based on successful sellers.
Yeah, I sold some CTU's to Adam @ $136/CTU. I consider that the floor for the market as he seems to be always buying at that price (maybe it's up to $140 now, I don't know).
Pennies: $4200 - (0) indians - (5)steel - (1) George V Canadian Nickels: $6500 - (62)war - (23)buf - (1)V nic - (4) key date jeff's Dimes: $5000 - (24)roos - (2)merc - (2)AgCAN Halves: $8000 - (7)'64 - (33)40% - (1)walker
I advertise on Craigslist at $135 per CTU. I usually get this price if selling just 1. I don't mail them as I only do in person transactions. I rarely travel more than 5 miles to meet and sell. If I sell multiple CTUs, I will lower the price, but the limit is $125. I don't have too much trouble selling, as I have one customer that likes to buy in bulk, and that at times can be $1000 in copper. I have a few others that buy a few per month.
I have been buying copper rolls from a local Craigslist hand-sorter at 140% FV. He is only interested in keeping the wheaties. Keeps me stacking even when I'm not sorting on my own.