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<p>[QUOTE="Dougmeister, post: 2101040, member: 56842"]On July 3rd of last year , I sold $100 of pre-1982 "copper" pennies for almost $160. Yesterday, I sold $25 worth for only $32.</p><p><br /></p><p>First question: how can I find the exact bullion price of copper for a specific date?</p><p><br /></p><p>I went to <a href="http://www.kitcometals.com/charts/copper_historical_large.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitcometals.com/charts/copper_historical_large.html" rel="nofollow">Kitco</a> and can pull up a historical 1-year chart, and I see that the price per pound was roughly $3.20. Can I get a more accurate figure for a specific *day*? (Not that it really matters; I'm just curious).</p><p><br /></p><p>Second question, and I think I already know the answer: Are people getting smarter (doubtful), did the market change significantly, or did I have an ineffective eBay auction?</p><p><br /></p><p>a) Prices dropped (Kitco tells me that today's spot price is $2.65/lb.)</p><p><br /></p><p>b) I listed under "Bullion", so I'm sure the people there realize that pre-1982 pennies are 95% copper, but I should have specified that in my auction.</p><p><br /></p><p>c) Should I have waited until I had $50 worth, or $100?</p><p><br /></p><p>d) Looking at completed listings, I think that maybe I should have listed it as a "Buy it Now" or started the bidding at a higher amount. Last time I started at $0.99 and got lucky I think.</p><p><br /></p><p>e) I should not have offered free shipping (d'oh!)</p><p><br /></p><p>[ATTACH=full]395181[/ATTACH]</p><p><br /></p><p>Thoughts?[/QUOTE]</p><p><br /></p>
[QUOTE="Dougmeister, post: 2101040, member: 56842"]On July 3rd of last year , I sold $100 of pre-1982 "copper" pennies for almost $160. Yesterday, I sold $25 worth for only $32. First question: how can I find the exact bullion price of copper for a specific date? I went to [URL=http://www.kitcometals.com/charts/copper_historical_large.html]Kitco[/URL] and can pull up a historical 1-year chart, and I see that the price per pound was roughly $3.20. Can I get a more accurate figure for a specific *day*? (Not that it really matters; I'm just curious). Second question, and I think I already know the answer: Are people getting smarter (doubtful), did the market change significantly, or did I have an ineffective eBay auction? a) Prices dropped (Kitco tells me that today's spot price is $2.65/lb.) b) I listed under "Bullion", so I'm sure the people there realize that pre-1982 pennies are 95% copper, but I should have specified that in my auction. c) Should I have waited until I had $50 worth, or $100? d) Looking at completed listings, I think that maybe I should have listed it as a "Buy it Now" or started the bidding at a higher amount. Last time I started at $0.99 and got lucky I think. e) I should not have offered free shipping (d'oh!) [ATTACH=full]395181[/ATTACH] Thoughts?[/QUOTE]
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