Topic: Pre-1982 (copper) pennies. - page 2. (Read 3366 times)
Bump.
Another bump. It seems me selling 'new' type of products on bitcointalk is rather difficult.
$5000 and 500 hours?? to sort pennies.. Just about anything is better then spending that much on a penny sorter 
. Last time I checked you could buy a sorter for like $100. The hardest thing to do will be getting the pennies to feed the sorter.. You'll probably also need a rolling machine to reroll the pennies.
When I mentioned $5000 dollars, I meant $5000 dollars in copper pennies [really, closer to 2 million pennies to get that, $20,000]. . Last time I checked you could buy a sorter for like $100. The hardest thing to do will be getting the pennies to feed the sorter.. You'll probably also need a rolling machine to reroll the pennies.500 man-hours was an estimation, now I'm looking at closer 120 with a nice and proper machine.
uh the copper pennies weigh more then the zinc ones.. You don't need any cameras. A simple wheel that has spots for pennies to drop into one at a time while rotating and two output paths will do the trick.. Its already been done..
Here's a cheesy example:
http://www.youtube.com/watch?v=CCk_wuxaEvs&feature=related
Sure, but I was thinking of a multipurpose machine that could handle pennies, dimes, nickels, quarters, casascius coins, or whatever. It could sort by type, date, denomination, BTC balance, or what have you. Here's a cheesy example:
http://www.youtube.com/watch?v=CCk_wuxaEvs&feature=related
Actually, you could design and build an extremely capable sorter on the cheap. I would recommend a system that you can fill a hopper with coins, and then it spreads them on a slow and wide conveyor belt. Then, use an extremely high resolution camera and some custom image recognition software to sort them; for those that are showing tails, use a robotic arm to flip them over, and another camera to confirm the data from the first one and read the flipped coins. Finally, use a second robotic arm to pick coins and dump them into sorted moneybags.
The problems with this approach are twofold; you must create or buy the image recognition software, which would be extremely difficult, expensive, or both; and you must also be able to create robot arms that are extremely precise without being too expensive. I would estimate that a reputable robot builder such as GE/FANUC would want to charge you between $50k-$100k just to design and build the hardware (cost numbers extracted from my ass).
Another option would be a high-speed serial sorting system; this would mean that you would have to find out a way to feed coins into a slot one at a time very quickly, and again use extremely high speed cameras and image recognition software to read the dates and other properties of the coins. You would need a camera on either side of the slot, and some way of sorting the output. Output sorting could be achieved with a rotating arrangement of receiving funnels that each go to a different moneybag. Use your imagination.
The problems with this approach are twofold; you must create or buy the image recognition software, which would be extremely difficult, expensive, or both; and you must also be able to create robot arms that are extremely precise without being too expensive. I would estimate that a reputable robot builder such as GE/FANUC would want to charge you between $50k-$100k just to design and build the hardware (cost numbers extracted from my ass).
Another option would be a high-speed serial sorting system; this would mean that you would have to find out a way to feed coins into a slot one at a time very quickly, and again use extremely high speed cameras and image recognition software to read the dates and other properties of the coins. You would need a camera on either side of the slot, and some way of sorting the output. Output sorting could be achieved with a rotating arrangement of receiving funnels that each go to a different moneybag. Use your imagination.
uh the copper pennies weigh more then the zinc ones.. You don't need any cameras. A simple wheel that has spots for pennies to drop into one at a time while rotating and two output paths will do the trick.. Its already been done..
Here's a cheesy example:
http://www.youtube.com/watch?v=CCk_wuxaEvs&feature=related
Actually, you could design and build an extremely capable sorter on the cheap. I would recommend a system that you can fill a hopper with coins, and then it spreads them on a slow and wide conveyor belt. Then, use an extremely high resolution camera and some custom image recognition software to sort them; for those that are showing tails, use a robotic arm to flip them over, and another camera to confirm the data from the first one and read the flipped coins. Finally, use a second robotic arm to pick coins and dump them into sorted moneybags.
The problems with this approach are twofold; you must create or buy the image recognition software, which would be extremely difficult, expensive, or both; and you must also be able to create robot arms that are extremely precise without being too expensive. I would estimate that a reputable robot builder such as GE/FANUC would want to charge you between $50k-$100k just to design and build the hardware (cost numbers extracted from my ass).
Another option would be a high-speed serial sorting system; this would mean that you would have to find out a way to feed coins into a slot one at a time very quickly, and again use extremely high speed cameras and image recognition software to read the dates and other properties of the coins. You would need a camera on either side of the slot, and some way of sorting the output. Output sorting could be achieved with a rotating arrangement of receiving funnels that each go to a different moneybag. Use your imagination.
The problems with this approach are twofold; you must create or buy the image recognition software, which would be extremely difficult, expensive, or both; and you must also be able to create robot arms that are extremely precise without being too expensive. I would estimate that a reputable robot builder such as GE/FANUC would want to charge you between $50k-$100k just to design and build the hardware (cost numbers extracted from my ass).
Another option would be a high-speed serial sorting system; this would mean that you would have to find out a way to feed coins into a slot one at a time very quickly, and again use extremely high speed cameras and image recognition software to read the dates and other properties of the coins. You would need a camera on either side of the slot, and some way of sorting the output. Output sorting could be achieved with a rotating arrangement of receiving funnels that each go to a different moneybag. Use your imagination.
The thread was a proof of concept. If I find a buyer that's actually interested in a lot of copper pennies or so, then I'd gladly search through 20k a day.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
If your going to do 20k a day, buy the machine that sorts them..
That's the long term plan. Actually designing a machine rather than buying one. The current machines on the market seem to require too much human interaction.
Right now, I'm trying to get the proof of concept DONE. I need to see there's area in the market for a new face rather than investing 5 grand into it and 500 man-hours just to find out "oh, no one actually buys the coins".
$5000 and 500 hours?? to sort pennies.. Just about anything is better then spending that much on a penny sorter
. Last time I checked you could buy a sorter for like $100. The hardest thing to do will be getting the pennies to feed the sorter.. You'll probably also need a rolling machine to reroll the pennies. The thread was a proof of concept. If I find a buyer that's actually interested in a lot of copper pennies or so, then I'd gladly search through 20k a day.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
If your going to do 20k a day, buy the machine that sorts them..
That's the long term plan. Actually designing a machine rather than buying one. The current machines on the market seem to require too much human interaction.
Right now, I'm trying to get the proof of concept DONE. I need to see there's area in the market for a new face rather than investing 5 grand into it and 500 man-hours just to find out "oh, no one actually buys the coins".
The thread was a proof of concept. If I find a buyer that's actually interested in a lot of copper pennies or so, then I'd gladly search through 20k a day.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
If your going to do 20k a day, buy the machine that sorts them..
The thread was a proof of concept. If I find a buyer that's actually interested in a lot of copper pennies or so, then I'd gladly search through 20k a day.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
Even if someone just PMs me saying they are interested then it gives me a reason to go out and actually do it.
Not that its much of a problem for the most part, but melting pennies for their scrap value is illegal. The main problem is the cost, if you ship $50 worth of pennies, it will cost you $200 11.35 for shipping. Your 151 pennies, worth $3 approximately will cost at the very minimum $5 to ship.
FTFY
You can cram $75+ of pennies into a medium flat rate box $11.35.
Not that its much of a problem for the most part, but melting pennies for their scrap value is illegal. The main problem is the cost, if you ship $50 worth of pennies, it will cost you $200 for shipping. Your 151 pennies, worth $3 approximately will cost at the very minimum $5 to ship.
Now if you were selling Tantalum, that would be a different story. Rare earths and cell phones go hand in hand literally.
Huh, I had a bucket of tantalum ore laying around somewhere. Shit was HEAVY. Might have gotten thrown out though.
Agreed, I sell pre 82 Canadian nickels sometimes in bulk (they are 99.99 pure nickel) but that's just because they are already sorted as part of another process. With metals prices down I just leave them there in the shop in boxes, I don't care.
Pennies for their copper... too many issues hording including weight and bulk. Not enough upside.
Pennies for their copper... too many issues hording including weight and bulk. Not enough upside.
Surprised that no one has even sent me an offer.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
These pennies sell on ebay pretty readily. Really it is not worth it to sort them and try to sell them, but you can on ebay. The real boom in copper was last year when prices were about 30% higher then they are now. 1.5 to 2 cents each is about what you can get in BULK right now. Pennies are sent in flat rate boxes to save money and if you do not have enough to fill one up then it becomes even more pointless.
$0.02 each + you pay the shipping.
Right now, I have 151, but if I can just sell them [as a proof of concept], I'll gladly get more
(I have an unemployed fiance who can sort them in her free time)
I'd prefer finding a perma-buyer over new buyers each week [this way, we can easily reduce shipping costs] (also, in bulk prices will probably be cheaper/there will be a discount for every 'x' you buy or something)
To make this clear, it's a proof-of-concept. In the future, we could probably process more than 20k pennies a day [I have a few unemployed friends and such].
It could become quite profitable pretty quickly.
Right now, I have 151, but if I can just sell them [as a proof of concept], I'll gladly get more
(I have an unemployed fiance who can sort them in her free time)
I'd prefer finding a perma-buyer over new buyers each week [this way, we can easily reduce shipping costs] (also, in bulk prices will probably be cheaper/there will be a discount for every 'x' you buy or something)
To make this clear, it's a proof-of-concept. In the future, we could probably process more than 20k pennies a day [I have a few unemployed friends and such].
It could become quite profitable pretty quickly.
This is your problem..
Surprised that no one has even sent me an offer.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
I'll buy them for .02 each if you pay shipping.
Now if you were selling Tantalum, that would be a different story. Rare earths and cell phones go hand in hand literally.
I think it's just a space issue. Sure copper has gone up in the last few years (as have most metals) but it would probably be easier storing silver and gold for density. I probably have at least 300 pre-82s and several hundred "1/2 pennies".
Surprised nobody is selling Morgan dollars on here...
Surprised nobody is selling Morgan dollars on here...
Surprised that no one has even sent me an offer.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
Really now BTC forum? You deal in Gold, Silver, other materials *cough*virtual*cough*nuggets*cough*, but you won't touch cheap copper.
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