Who is up for this Penny Challenge?

Discussion in 'Coin Roll Hunting' started by Sam Carter, Aug 2, 2018.

  1. *coins

    *coins Well-Known Member

    But, wait!
    They are actually worth 2 cents each so they would actually be worth $120,000!!! You could buy them and save them and then melt them when it becomes legal and make a ton of money! What a deal!


    super small print:
    (Copper must be going for $6+ /lb in order for them to be worth 2 cents each. It is best if you just don't read this part)
     
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  3. Cheech9712

    Cheech9712 Every thing is a guess

    I cant get the link. What category is it under on ebay
     
  4. Cheech9712

    Cheech9712 Every thing is a guess

    I cant get the link. What category is it under on ebay
     
  5. Cheech9712

    Cheech9712 Every thing is a guess

    How did that happen
     
  6. Dougmeister

    Dougmeister Well-Known Member

  7. Michael K

    Michael K Well-Known Member

    Actually, copper must be going for $6 to break even.
    It would have to be $12 a pound to be worth 2 cents each.
    @ $3.00 a pound and 25% the spot price they are worth 1/2 cent each.
     
  8. Sam Carter

    Sam Carter Well-Known Member

    I had no idea this would last two pages! I just thought it was funny and some of us would drool at searching through this many coins.... prettier much take the rest of you life.

    At your current search time, how long would it take to search all these coins?
     
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  9. Bambam8778

    Bambam8778 Well-Known Member

    So lets say I'm lucky enough to survive to 75 (heavy smoker for a long time and smoke free for a few years). That means I would have 37 years left to search. They estimate 400,000 cents per bag and 15 total bags. That's 6 million cents. Since I keep track of rolls I search lets convert that to rolls. 6 million cents divided by 50 cents per a roll is 120,000 rolls. With an estimate of 37 years left I would have to search an estimated 3,243 rolls per year. I am going to say no, unless I got divorced (which would occur if I tried to search that many rolls a year) and then I would have a shot at it but I would say

    NO------- lol
     
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  10. Michael K

    Michael K Well-Known Member

    That's less than 10 rolls a day. Easy peezy.
     
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  11. Bambam8778

    Bambam8778 Well-Known Member

    Not the way I search. I'm pretty meticulous.
     
    Michael K likes this.
  12. Michael K

    Michael K Well-Known Member

    I am assuming even if there's no zincs, these are almost all memorials.
    And I guess there are a few varieties to look for. 1960 small date. 1969-S DD
    1970-S small date, but generally 99.999% of these are going to be 1 cent. There's no reason to pay a premium for them, and they should be sold at a discount. 35-40K.
    (Are all the Wide and Close AM's zincs only? I believe so.)
     
  13. Bambam8778

    Bambam8778 Well-Known Member

    I am assuming they are from NF String & Son since the location is Harrisburg. If you are interested in buying them don't let me stop you. I will tell you this. If you live anywhere close(within 10 hour drive of this location) rent yourself a tractor trailer and contact me via pm. You can pay me hourly to deliver it with your rented trailer and I will still save you money on the 4K delivery fee!
     
    NOS likes this.
  14. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    please tel me u r joking
     
  15. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    at my age I only have to do 5 rolls a day, but are they in rolls or just a big pile in the bag?
     
  16. Bambam8778

    Bambam8778 Well-Known Member

    No. Not joking. I have a cdl license.
     
    NOS likes this.
  17. TOM MOZZILLO

    TOM MOZZILLO New Member

    Check the sellers listings. "webcoins"
     
  18. Ozzman

    Ozzman Active Member

    That might a take a few extra days to check all them coins for errors...:(
     
  19. Cheech9712

    Cheech9712 Every thing is a guess

    Was waiting for you. Lol
     
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