turning pennies into silver/gold
- Locked due to inactivity on Aug 4, '16 4:30pm
Thread Topic: turning pennies into silver/gold
-
So I've been coin roll hunting pennies which is basically going to the bank,exchanging bills for coins, sorting through them to find the coins you want, and returning the pennies to a different bank for bills and repeating the process again. I currently have $20 in pre-1982 copper pennies that I can sell online for $34 to people that hoard pennies. I calculated that I need $150 in pre-1982 copper pennies which I can sell for $250 and with the $100 of profit I can buy a 5oz silver bar which I can hold on to and it will increase in value over time. Questions? Comments? Concerns? Ideas?
P.S: I've also been thinking about investing in a little machine, like $25, that sorts the pennies into copper and zinc pennies which will allow me to sort more pennies faster thus increasing my productivity. -
Cool hobby!
-
Its like an investment with hobby roots..
-
Its like an investment with hobby roots..
-
That's smart. :3
-
So technically speaking, I'm buying silver for FREE
-
Pokemon person NoviceDats pretty cool :D tell me how to make the machine if/when you make it :D
-
I just ordered my penny sorter off eBay a couple weeks ago and all I gotta do is wait for my next paycheck so I can sort a serous load of coins. Mine is a very basic one where I have to put the coins in one by one, but its still much faster than sorting them by hand and looking at each individual date. I also received the 5 silver coins that I bought. Im buying my coins off JM Bullion. if I could give them 500 stars, I would. Their prices are good, the shipping is free and super fast ( I got them literally 2 days after I put my order in) and the customer service is outstanding.
-
-
I commend you for your dedication
This thread is locked, therefore no new posts can be made.
