Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
Who is up for this Penny Challenge?
>
Reply to Thread
Message:
<p>[QUOTE="Michael K, post: 3150675, member: 78298"]It's a fallacy that the copper is worth more than the face value of the coin.</p><p>What if they were to eliminate the cent, and put a deadline on redemption?</p><p>This guy is going to be stuck for ($60,000?). How many can he possibly take to the bank, or the Coin Star and lose 11% of his cash.</p><p>He says there are 400,000 in each of 15 bags.</p><p>I SLAMMED THAT GUESS at 60K before I read the number. I was going off the $72,000 and guessing.</p><p>I wouldn't even offer $50,000. You have $4,000 in shipping and then there's going to be storage fees, a lot of time and work spent converting it to cash.</p><p>35,000 or 40,000 max I would pay.</p><p>If you go from Coin Star to Coin Star daily you're going to lose $6600 and there's $4000 shipping, that's 10,600 off the top, your face value is 49,400.</p><p>That's way too much work for $9400. Maybe $35,000 is fair.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3150675, member: 78298"]It's a fallacy that the copper is worth more than the face value of the coin. What if they were to eliminate the cent, and put a deadline on redemption? This guy is going to be stuck for ($60,000?). How many can he possibly take to the bank, or the Coin Star and lose 11% of his cash. He says there are 400,000 in each of 15 bags. I SLAMMED THAT GUESS at 60K before I read the number. I was going off the $72,000 and guessing. I wouldn't even offer $50,000. You have $4,000 in shipping and then there's going to be storage fees, a lot of time and work spent converting it to cash. 35,000 or 40,000 max I would pay. If you go from Coin Star to Coin Star daily you're going to lose $6600 and there's $4000 shipping, that's 10,600 off the top, your face value is 49,400. That's way too much work for $9400. Maybe $35,000 is fair.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
Who is up for this Penny Challenge?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...