pennie help please!!!!!

cinman14

A friend of mine wants to sell me a 5 gallon water jug full of pennies. The collection was started in 1950 and stopped in 79 or 80.
He says he hadn't added anything since then that he can remember. When it was full it went to the back of the closet.

It is too heavy for him to take to a bank. and he doesn't have a scale at home. He wants me to give him a price I would pay for it. I have no idea how many cents would fill a 5 gallon water jug. I just want it for the copper value and nothing more. So I would likely never count the things either.

What would the bullion guys guess this would be worth to be fair to my friend and myself????

Thanks

kevinstang

I think I had it figured out that a 5 gallon pale would weigh about 150 lbs filled with pennies, or about 22,650 of them. Not sure on a water bottle.

cinman14

thanks Kevin That will give us a good starting point. I have a scale at the house I might run it over there and see what it weighs.

woodardcoin

I'll take the wheaties LOL

cinman14

that shows how much I know about Cents. I had to pull the Red book out and see when the wheaties series stopped. I guess he would have a few years worth of wheaties in the jug. That might add a few dollars to the price. Thanks

WinPitcher

weigh the thing and offer him 1.50- 2.00 per lb. ?



Steve

edited to add: i would think a 5 gallon pail and a 5 gallon water jug would hold the same amt?


Steve

woodardcoin

Seriously if you want to sale the wheaties let me know .

woodardjp@yahoo.com

cinman14

Thanks Steve

So somewhere in the 1.50 to 2.00 range would be the copper value in the early Cents? This sounds like a good way to go. How much over face value would that amount per pound be?

cinman14

JP if I buy this thing and I can bribe the kids to sort through 22000 pennies you might have a deal. My ADHD would not allow me to sit that long. And my doc would question the need to fill the Adderall early

WinPitcher

I figured it is 1.45 per lb.
You need to weigh the jug.

453 grams makes a pound, each cent is 3.11 gram.............1.45 per pound.


that was for face.


copper is at 3.00 per lb but can't be melted. so it would be higher if you could.


this is for cents produced up until 1982


Steve

cinman14

Steve you have answered every question I had about this. Thanks again. I hope some day I can figure this stuff out as quick as you guys do.

WinPitcher

No problem, glad i could help. I think a 5 gallon pail will hold somewhere between 225.00 and 250.00 face.


Steve


edited to add so I would offer him 2 bills, remm you are going to have to search thru them and that is time.



Steve

cinman14

you must have read my mind. That was going to be my offer. There is NO chance I would be able to search those though. So a few ASE will probably be handed down to the daughter for her time to sort these out. Eagle bullion seems to get her to motivated

Bubblehead

I believe that I once filled a gallon jug with lincoln cents. When it was
full, my wife and a neighbor, counted them out and if I am not mistaken,
there was right around $70 in it.

Hope that's some little help...

perfectstrike

$225-$250 face value is about right. Weight will be about 150-160 pounds.

David

Batman23

Also to keep in mind, I think that I read somewhere to pick the glass jug up from the base as the weight of the pennies may break the bottom of the jug out if you lift it from the top.

WinPitcher

Is the jug glass?


also at 160 lbs the value is around 233.00


at 150...........it drops to 217.00


The wheats and the chance of finding something decent in there may make it worth it.


I'd look thru it 100 coins a day. That would keep you busy for a lil while.


Steve

cinman14

Thanks Batman
yes the jug is a glass water bottle. 5 gallons from what he said. I remember seeing one of these when I was a child. My dad kept trying to fill one up with bicentennial quarters. But I kept getting into it and spending them on video games

Oh how that brings back old memories of the "get out there and pick your switch off the tree boy" I received a few marks on the back side when he wised up as to why his "jug" wouldn't fill up.


I will remember that when we try to weigh the thing. That would suck if the bottom fell out

WinPitcher

Bring the scale to the coins...........
oh, and remm the jug has weight too.......especially if it is thick glass you have to deduct for that. or at least use the lower ratio


Steve

route66

route66

Oops
How come no one mentions the collector value of possible good date cents found. 1950 is a long time ago. Steve

woodardcoin

Hey cinman14 email me please I would be willing to sort for ya depending on how far away you are . I actually love to sort and look. kind of like a kid in a candy store . But as stated a little higher in the thread they can not be melted so I wouldn't by them if i were you if you plan on selling them for scrap .

Woodardjp@yahoo.com

and I am always on the lookout for unsearched lots of wheaties

DuPapa

5 Gallon Glass Bottle.... Shipping Weight: 15.00 pounds

cinman14

I would have never found that info......Thanks that will save some time. I was just going to dump them into a big tub and haul them home. I wonder what the bottle would be worth? Nether one of us has thought of that one..

greymars

Don't forget one thing...

Do not pick up a glass jug by the top or the handle. The weight of the coins will break the bottom of the jug and you will have a big pile of coins on the floor. Always make sure if it has to be moved, to pick it up by the bottom.

I picked up a glass jug by the handle, and had the bottom break clean off, leaving a pile on the floor. Now, I use a 5 gallon plastic water jug to keep my change in.

I believe that there are about 100 pennies per pound. Though a very rough estimate, it will give you an indication of the dollar amount.

Gary