I may have the chance to buy an unknown amount of raw cents from a local organization's penny drive. I'm sure they're not going to let me take them home to count...so, if I offered to buy by weight how much per pound is reasonable? I know the lady in charge of this thing very well and want to make it worth her while.
I've been pulling 25%-28% from boxes and cwr here consistently, so that should be the same with these I would expect.
Bulk cent purchase question
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Bulk cent purchase question
by Morsecode » Wed Apr 06, 2011 9:25 pm
From hence ye beauties undeceived, know one false step is ne'er retrieved
and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
- Thomas Gray, 1747
and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
- Thomas Gray, 1747
-
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Re: Bulk cent purchase question
by VWBEAMER » Wed Apr 06, 2011 9:39 pm
There was a simular thread here recently, and If I recall $1.65 per pound was the number the group came up with.
I
I
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Re: Bulk cent purchase question
by frugalcanuck » Wed Apr 06, 2011 10:53 pm
Do you have a coin counter you can bring there?
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." John Kenneth Galbraith 1975
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Re: Bulk cent purchase question
by Dvorak » Thu Apr 07, 2011 11:35 pm
VWBEAMER wrote:There was a simular thread here recently, and If I recall $1.65 per pound was the number the group came up with.
I
Sounds about right, $1.81 if it was all zincs (453.59g/lb / 2.5g), $1.46 if it was all coppers(453.59g/lb / 3.1g).
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