All those years of saving these may have payed off. I Think it's a total minimum of 1000.00 dollars for You're selling them any combination of items though. I just wonder if the shipping would be worth it.
Not sure how many cent rolls you can get into a Priority Mail flat-rate box (max 70 pounds), but yeah, at 146 coins to the pound, and conventional shipping somewhere around 50 cents a pound, you're going to have a hard time coming out ahead. If you could get 200 rolls of cents into a flat-rate box, I think it would come in just under the maximum weight. And THAT's the fundamental flaw with "copper stacking" cents. Even if copper goes to $100 a pound, it's likely that shipping costs will have gone up proportionately. You'll never get far enough ahead to make it worthwhile.
But if you sell them other combined things to get to their minimum selling fee it may offset the shipping.
Agree,I think once the economy picks up again that car sales will bounce back and make platinum and palladium soar.
"...He noted the reason for this could be "related to supply concerns amid the Russia-Ukraine conflict, as US President Biden expects Russia to invade Ukraine. In response, the West would presumably impose sanctions on Russia. We believe that Russia could retaliate by limiting or even suspending exports of commodities such as palladium." According to data from Johnson Matthey, Russia is the world’s second-largest palladium producer-only just behind South Africa – and accounts for 38% of supply. An export ban on this commodity, which is so vital for the automotive industry, could probably not be absorbed, meaning that the palladium market would then be severely undersupplied...." https://www.kitco.com/news/2022-01-...e-of-the-moves-in-Platinum-and-Palladium.html
I don't think so. The more weight you add, the higher the shipping would be -- unless you can work out some sort of flat-rate arrangement. But maybe it's not as bad as I thought. If you're profiting $1.80 on every $1.50 you send them, the fact that it increases shipping by $0.50 might just be a cost you're willing to absorb.
I don't get it. It's illegal to melt cents or nickels for their metal, and you can't ship more than $100 worth outside the US and even then it has to be "for legitimate coinage and numismatic purposes." Are they gambling that the cent will be eliminated in the near future? Or playing games with the law?
They are currently out of stock on 95% copper cents. They sell them by $50 bags and chances are they have quite a few In-stock requests made. Metal content value for $50 in copper cents is currently over $150. They wouldn't buy if profits weren't emanate.
This is why I sell a roll of $.50 for $1.00 in my antique shop. I double my money and since I’m not a variety collector, so who knows what you’ll find.
Or if your that guy with the trashcans full and want to make a road trip/vacation. Is this the signal that we need to stock up on reloading components too? Those JHP's don't grow on trees like they used to.
100 rolls is bronze Lincolns weighs 35 pounds and should fit in a Medium Flat Rate. One roll is just under 3 cubic inches, and a Medium FR is 514 cubic inches. Too heavy for Regional Rate boxes. Shipping will run you $16, so you're still up $44 over face for these, and you've just washed your hands of a bunch of ballast.
