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Metal Recycling Entrepreneur
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Yup...Originally Posted by AuburnEwaste
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He's fishing, hoping to land a big one,,
P & M Recycling - Specializing in E-Waste Recycling.
If you enjoy your freedom, thank a vet.
Metal Recycling Entrepreneur
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Somewhat along the same lines.....
I had no idea that pre-1982 (95% copper) Pennies were actually selling at almost 2x face value on Ebay. I know that's the metal value, but given that it's illegal to melt these things down for repurposing, that seems crazy. I guess folks are expecting laws to change at some point.
These are not just listings, they're actual sales. I guess I'm very behind the times on these things.
http://www.ebay.com/itm/10lbs-30-Rol...item2a19783b36
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LOL no im nuts just ask my kids. And I buy these pennies to get wheaties. The last batch I baught was $10 dollars worth of pennies and I paid $14 bucks for them. I got 143 wheaties in that batch and 1 of them was worth more than I paid for the whole lot.
Last edited by PartTimeScrapper; 02-12-2012 at 12:45 AM.
Metal Recycling Entrepreneur
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@ Auburn Waste....Sorry for thread hijacking, but I couldn't resist this topic
@ Kris Kringle....I recently did that on $1000 worth of Kennedy 50 cent coins....I found 4, 1965-1969 Kennedy's (Silver value ~$5/coin), along with limited ciruclation 1987 and 1988 San Fran Proof coin. I don't know if it was worth the time invested since I'm not efficient at coin roll hunting, and my 0.2% (silver) hit rate seems low, but it was a thrill nevertheless. Coin arbitrage!
I can understand silver Kennedy's, quaters, dimes, and war nickels.....but I don't think my local coin broker will pay anything approaching 2x face value for pre-1982 Lincolns. That's the virtue of Ebay I guess. A global markets yields all kinds of unexpected results.
@ PTS....congrats on the Wheaties. I've been thinking about that. I withdrew $150 of pennies from the bank a few weeks ago with something along those lines in mind, but they're still sitting in the bricks waiting for me to sort.
Last edited by ElectricMetal; 02-12-2012 at 01:08 AM.
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PTS, pardon my ignorance, but what's a "wheatie"? Thx
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You would have to go through a lot of coin rolls and probably not find many silver coins. When I have to count the register drawer at my day job I always check for them and people think I'm a weirdo.
On the original topic, I just saw another Ebay listing for 10 pounds of gold fingers with a starting price of $1600.
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a wheat cent penny 1909 threw 1958. 1909s and 1914d look them up on ebay and see howmuch people are crazy to pay for a penny
Last edited by PartTimeScrapper; 02-12-2012 at 01:10 AM.
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I have a whole shoebox full of them; in the beginning of my ebay'ing was rolling a mixed full roll and selling on ebay. Never been cherry picked. Wouldn't know a good one from a notsogood.
Last edited by Mechanic688; 02-12-2012 at 01:17 AM.
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Mr Edgewood, hijack away, I am a bit of a coin nerd myself!
Metal Recycling Entrepreneur
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@ Kris Kringle,
Very true. I was never certain how much I wanted to get into that whole side of things. Discovered coin roll hunting and then shifted to the Ewaste thing as it seemed much more interesting. With non-precious metal coins, folks are spending tremendous energy documenting rare coin errors/varieties. I guess that is interesting, but it seemed like a lot of energy was being invested to create scarcity and drive up prices within micro-markets (e.g. 1998 "AM" variety pennies etc.). There's all kinds of scarcity in early "E-waste", and the stuff has more layers of value: symbolic, historic, functional, aesthetic. I know that's heresy to coin collectors, but it was my impression after investing a month investigating.
Last edited by ElectricMetal; 02-12-2012 at 01:24 AM.
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Metal Recycling Entrepreneur
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@ AuburnEwaste,
That is a hilarious add. A few weeks ago I'd have no ability to judge it. But, given my very limited knowledge, that would require some serious alcoholic haze Ebay bidding to get a hit. Somebody school me if I'm missing something.
Otherwise, I'll eat my shoes if that sells in the next 8 days.
Last edited by ElectricMetal; 02-12-2012 at 01:39 AM.
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I'm sure that they are graded higher because there is no dead weight (heat sinks, caps) but 50.00 per pound? I put it on my watch list because I am curious how it ends up.
Metal Recycling Entrepreneur
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@ Mechanic688:
This might be a useful ballpark figure guide on your old Wheaties
http://www.us-coin-values-advisor.co...oln-Cents.html
I don't know what a 1920 wheatie is worth but this seems extreme.
http://www.ebay.com:80/itm/ws/eBayIS...m=110802410430
Under his "me" section he says he is retired. I guess this means he can afford to list silly ads and play games.
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I dont know this 1909 penny sold for $8600.01.
http://www.ebay.com/itm/1909-S-VDB-1...item2a193f17cc
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That 1920 wheatie is a P which is a little more rare but I don't know about the uncirculated rating when it's out of it's package. Their usually sealed in clear plastic then graded. He's also not showing the grading cert. or who did the grading. Maybe it's just him "guesstimating"
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