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<p>[QUOTE="buyingsilvers, post: 596743, member: 18821"]Brand new is $500 - $600. I currently use a different model ryedale that I picked up for 200 something. </p><p> </p><p>The people that sort with machine sorters are a different "breed". Melting pennies is prohibited, but there is still a market for them undert the premise that the ban will eventually be lifted, and the pennies do have value greater than face. Even at the low $2/lb copper price, they're still being sold on ebay & online dealers for greater than face. When copper prices were higher, they also sold for much more.</p><p> </p><p>So people focus on volume rather than inspecting every copper & zinc that comes their way. I can take $1000 of pennies, shred it through the machine to eliminate $800 of zinc. Then I look at the $200 remaining to find 1969 - 1972 DDO errors, wheats, and indians. The rest can be stored away or sold off for 1.4 - 1.8x face value.</p><p> </p><p>There are people, both individuals & commercially that have pulled TONS of copper pennies from circulation for the reasons mentioned above.[/QUOTE]</p><p><br /></p>
[QUOTE="buyingsilvers, post: 596743, member: 18821"]Brand new is $500 - $600. I currently use a different model ryedale that I picked up for 200 something. The people that sort with machine sorters are a different "breed". Melting pennies is prohibited, but there is still a market for them undert the premise that the ban will eventually be lifted, and the pennies do have value greater than face. Even at the low $2/lb copper price, they're still being sold on ebay & online dealers for greater than face. When copper prices were higher, they also sold for much more. So people focus on volume rather than inspecting every copper & zinc that comes their way. I can take $1000 of pennies, shred it through the machine to eliminate $800 of zinc. Then I look at the $200 remaining to find 1969 - 1972 DDO errors, wheats, and indians. The rest can be stored away or sold off for 1.4 - 1.8x face value. There are people, both individuals & commercially that have pulled TONS of copper pennies from circulation for the reasons mentioned above.[/QUOTE]
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