by Recyclersteve » Mon Jul 03, 2023 4:00 am
I'm posting in July the results from a box received on Monday, June 26th.
WHAT AN OUTSTANDING $25.00 BOX!
This was likely a former collector who passed away, lost his or her mind, fell on hard times, etc.
The $25.00 box had the following:
980 Pre' 1982 copper cents
353 Copper cents from 1982
3 Wheats (common dates from the 50's)
2 Canadian copper cents
1338 TOTAL COPPERS (53.5% COPPER)
A few comments are in order.
First, regarding the 1982 cents. There were 353 that were copper and only 10 that were zinc. I'm guessing this was a collector who recognized most of the zincs and put them back into circulation.
Secondly, a lot of the zinc cents had a discoloration that was often greenish in color. I don't remember seeing any of the coppers with the discoloration- only the zincs. Does anyone know if this could have happened by being stored in a basement or other humid area?
Out of the equivalent of roughly 67 boxes of $25 that I've documented in my spreadsheet over the past 11 years, this was the second best box. I had a day around November, 2021 where I got over 58% copper cents. But my long-term average is 17% copper. It has consistently been 10-15% since about 2014.
After a long dry spell it is nice to have a little fun outside the stock market once in a while.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.