Comments on: An Unusual Way to Beat Inflation http://tod.fm/an-unusual-way-to-beat-inflation/ Passion Wed, 18 Apr 2012 02:20:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tod http://tod.fm/an-unusual-way-to-beat-inflation/#comment-75 Tod Wed, 19 May 2010 17:27:28 +0000 http://Blog.ByTod.com/?p=417#comment-75 Bart, I'm sorry it took me so long to reply to this. About 1/4 of wrapped pennies I get from the bank are older, copper pennies. I have a friend in California who gets even less than that. The automatic sorter sounds like a great idea. I know of a few that are available, but I haven't tested them, so I can't vouch for them. Copper percentages in circulating coins might be low, but as long as you keep feeding them into the machine and returning the rejects, it shouldn't matter. Bart, I’m sorry it took me so long to reply to this. About 1/4 of wrapped pennies I get from the bank are older, copper pennies. I have a friend in California who gets even less than that.

The automatic sorter sounds like a great idea. I know of a few that are available, but I haven’t tested them, so I can’t vouch for them. Copper percentages in circulating coins might be low, but as long as you keep feeding them into the machine and returning the rejects, it shouldn’t matter.

]]> By: Bart http://tod.fm/an-unusual-way-to-beat-inflation/#comment-74 Bart Sun, 02 May 2010 15:16:14 +0000 http://Blog.ByTod.com/?p=417#comment-74 What percentage of the pennies are copper? If your idea catches on that percentage will accelerate to the zinc, it would naturally over time (% to zinc) even if the copper value was not at issue as the older coins attrition out of circulation but certainly will accelerate given the current disparity. One could theoretically corner the pennies market and create a pneumatic value (like silver dollars) if you collected enough pennies to reduce the percentage in circulation. Interesting..... Also an automatic sorter would come in handy with huge volumes of pennies (could be sorted by weight automatically). In writing this post some ideas on how to collect large volumes of pennies have come to mind. Email me if you are interested. What percentage of the pennies are copper? If your idea catches on that percentage will accelerate to the zinc, it would naturally over time (% to zinc) even if the copper value was not at issue as the older coins attrition out of circulation but certainly will accelerate given the current disparity.

One could theoretically corner the pennies market and create a pneumatic value (like silver dollars) if you collected enough pennies to reduce the percentage in circulation.

Interesting…..

Also an automatic sorter would come in handy with huge volumes of pennies (could be sorted by weight automatically).

In writing this post some ideas on how to collect large volumes of pennies have come to mind. Email me if you are interested.

]]> By: tod http://tod.fm/an-unusual-way-to-beat-inflation/#comment-73 tod Mon, 12 Apr 2010 07:33:13 +0000 http://Blog.ByTod.com/?p=417#comment-73 Zinc pennies are worth about 2/3 of a cent, and at times they have approached one cent. You could save them for that reason alone. If you want to get rid of the junk coins, don't pay to have them counted (unless you're trading them in for a gift certificate -- the fee is often waived). To unload them for free and without wasting time, I would find a bank with a free coin counter. They do exist. Better yet, pay your taxes with them! Zinc pennies are worth about 2/3 of a cent, and at times they have approached one cent. You could save them for that reason alone. If you want to get rid of the junk coins, don’t pay to have them counted (unless you’re trading them in for a gift certificate — the fee is often waived). To unload them for free and without wasting time, I would find a bank with a free coin counter. They do exist.

Better yet, pay your taxes with them!

]]> By: Daniel R http://tod.fm/an-unusual-way-to-beat-inflation/#comment-72 Daniel R Mon, 12 Apr 2010 03:16:56 +0000 http://Blog.ByTod.com/?p=417#comment-72 What do you do with all of the pennies that arent copper? What about the costs associated with rolling them back up or taking them to the automatic change machine at Publix? What do you do with them? What do you do with all of the pennies that arent copper? What about the costs associated with rolling them back up or taking them to the automatic change machine at Publix? What do you do with them?

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