Ryedale Coin Penny Sorter

[Rangers2011WS]

Does this thing take diesel or regular gas?

[Salamaster101]

will it sort silver and clad quarters, dimes, halfes, ext? please respond as soon as possable

[Joseph9536]

How much does a machine like this cost?

[Ryedale]

@Joseph9536 

[Ryedale]

@Joseph9536 The Coin Artist is no longer available, however the newer less expensive Apprentice is available at my new website " Pennysorter " Thanks for your interest

Andy

[WarrenBuffett1000]

@Joseph9536

I saw a brand new ryedale go for $500 on ebay.

[mitster85]

will this sort out steel cored pennies as well??

[Ryedale]

@mitster85

Yes it will sort both the 1943 steel wheat back coins, and in Canada, it will also sort out the Steel Cored pennies.

Thanks for your interest.

Andy

[treasurefindermd]

Nice, but expensive!

[cankorgbr]

greshem's law at warp speed!

[ScorpioBornIn69]

With copper prices now at $4.20, the pre1982s are almost 3 cents each, roughly at 2.75 cents per coin. The older copper cents are being sold on eBay by rolls and bags.

[FCKEVRY1]

@ScorpioBornIn69 SHHHHHHHH!!!!!!!!!!!!!

[g1attie]

How many copper pennies are needed to recoup the 500 bucks for the machine? What's the life of the machine?

[Ryedale]

@g1attie

there are machines out in use that have sorted over 10,000,000 coins.

My personal machine has about 8 million through it. I've been using the same one for my own sorting, plus all test/tune and development since 2006 (May). This is basicly a light commercial machine. Some of my customers have over 10 tons of copper (actually high grade brass right...) waiting for the green light to melt, or just diversifying investments. In the footprint of a car, you can store about 20 tons.

[30040aaa]

@Ryedale

How do get that many pennies to sort? What do you do with the zinc ones?

[gtq838]

@g1attie if you sort about $500 in pennies my experience is that about 30 percent are copper. they have a melt value today of about 3 cents. So 50,000 cents cost of machine divided by 3 cents = 16,666 copper pennies.

so you would have to find about $167 worth of copper pennies to pay for the machine. of course you actually paid 1 cent for the copper pennies them selves but this is more than offset by the approximate $333 worth of zinc you have left over.

[gtq838]

@g1attie in sort if you sort $500 in pennies you will have a net gain of about $333. So I would say the break even point is someplace close to $800 in pennies sorted. pretty good deal if you ask me. I just found my new hobby.

[Frizman1330]

You must have 500,000 pennies

[CoinRollHunting]

Awesome! How much does one cost?

[Ryedale]

@CoinRollHunting

This model is no longer available.

[frontier1701]

how do you covert the all-copper pennies to usable cash at 2x value???? no refiner will buy the copper from you..

[spencerspot]

@frontier1701 The aim is to hoard the copper until prices rise enough to make melting the pennies a needed act. Should only take 5-10 years. You can also trade bags of solid copper for other things. Copper is valuable and desired in this global economy. 50 years from now, people will be saying "what's a penny?"

[mrmojorisonx]

I just bought one of these machines from Andy and it's well worth the money!! If you just spend an hour a day running this machine you can earn close to $300.00 don't sell the copper just save it and wait for inflation, there also is no need to melt it down it's in the best bullion form as a penny no need to pay an assayer...

[Probewitch]

Zinc and copper; well makes a great battery. That's what they mean about

money burnning a hole in ones

pocket.

[KARBOWICZ]

I like this invention =]

I go to banks and buy rolls...takes hours to sort by hand.

I have boxes of zinc pennies....darn it...lol...but so far around 80 rolls of copper or bronze pennies. =]

[telesniper2]

1) what do pre 1982 pennies weigh?

2) what do post 1981 pennies weigh?

Is this how you sort them? I assume there is a difference in weight and you go by that. Thanks!

[Coins4Cheese]

1909 - 1942 3.11 grams. 1943 2.70 grams. 1944 - 1946 3.11 grams. Copper / brass cents copper .950%, Zinc .050% -Shell casings added a "brass" color. Nice for the Advanced elongated collector. ~145 per pound

1947 - 1958 3.11 grams

1959 - 1962 3.11 grams Copper cents copper .950% Tin and Zinc .050% -A very good choice for pressing. ~145 per pound

1962 - 1982 (copper) 3.11 grams

POST 1982 COPPER-PLATED ZINC

2.5 grams

181 per pound

[Coins4Cheese]

The machine sorts them not by weight, but by a mini "metal detector". It detects copper from zinc.

[1ToNJaB]

After you sort the pennies... whats the best way to wrap them up, quickly,

[Coins4Cheese]

Search around, and look for banks that have a free coin rolling machine for their members.

[RuleBySecrecy007]

Were i live i get 3x face value for pennies

[pacificcoast]

how so?

[untouchblz]

@RuleBySecrecy007 where is that? I called my local coin shop, he refuses to buy. I will try calling some others tomorrow.

[gtq838]

@untouchblz just melt them yourself. Or find somebody willing to melt them. Its not illegal just a lot of places are scared to do it. I mean you can go to a theme park and crush a pennie... even in pennie state the value stays the same.

[FCKEVRY1]

@gtq838 How is it not illegal? I thought defacing American currency is a federal offence. Please tell me.

[gtq838]

@FCKEVRY1 Go try to buy a real silver dollar for anything less than about 70% silver spot, it won't happen. same for copper pennies. if copper ever makes it to 40x face value like it has in silver dollars people will know this. even though silver dollars are only 90% silver they are treated much like bullion. copper pennies are 95%, for all practical reasons they are bullion already and don't need to be melted.

[FCKEVRY1]

@gtq838 Yes. Good point. So, where can I get 2.3 cents for my copper pennies?

[20YrBillionaire]

@FCKEVRY1 Not exactly, at the current time it's illegal to melt pennies & nickels for the sole reason of it costing the mint 1.73c to make a penny and 7.7c to make a nickel. If it was legal to melt either you'd effectively just be stealing from the mint for your own purposes. However once the composition of the penny & nickel is changed, it is quite likely that the mint will allow melting of them.

[m4nikm4ti]

@RuleBySecrecy007 Do you take them somewhere?

[jrasset7]

1ToNJaB- I have no idea what point you are trying to make, but I am curious if in 1964 to say 1970 you started keeping 90% silver dimes if you would be happy with your collection today or would you have rather spent them at the time. I guess who really spends pennies anyways! Why not take out the best of bunch, forget about profit, it's just good common sense and especially easy to do with a RYEDALE!!

[JRCrowley]

Very, very nice machine. Good job.

[1ToNJaB]

-a 1983 penny(with Zinc) = 2.50 grams

-after the Zinc is removed you are left with 0.15 of copper.

-A roll of 50 pennies (with Zinc removed) = 7.5 grams of Copper

-14 rolls of pennies (zinc removed)= 1 Lb of Copper

-14 rolls of regular pennies = $7 at the Bank.

If the price of copper on the market was $5 a pound, you would take a substantial loss if you were to melt pennies for profit.

-The price of Copper on the market would have to be over $7 a pound to make any profit.

[Ryedale]

The whole point of this sorter is to remove the zincs, (to be returned to the bank) and keep the pre 82 coins, which are 95% copper. I understand priced are down right now, hoping they come back up. Good math, but I think you missed the point of the machine. We're after the coppers here, not the copper plated zinc coins.

[EvanQuinn07]

I've heard of many hoarding pennies for the Cu, but as it stands,it's illegal to melt 'em,(even Nickels) so I was wondering what your motivation or rationale is for hoarding? Is it in hopes to see the US Mint lift the ban on melting 'em?

[sscam2001]

There is a policy, not a law prohibiting the melting of pennies last I looked. The Mint can't make law, only congress can.

[EvanQuinn07]

I know the Mint can't make laws Perry Mason, I didn't say there was a law prohibiting the melting of cents or nickels, I said the Mint has placed a ban on melting them, so why don't you go ahead and send in a ton or two to the refiner and see if they don't prosecute you

[hotheadedjoelhaha]

I contacted my congressman(lives 6 blocks away), actually Ex-congressman and asked him about melting pennies. Like it is Stated-there is No Law against it. You can Burn Dollar bills, there is NO law against it. EVERYONE thinks there is a LAW against defacing money.THERE IS NO SUCH LAW. The Law states that you can NOT in such a way as to defraud. Say bleaching a $1 bill and making it into a $20. AGAINST THE LAW. The money in your pocket is yours. You may do with it as you wish. ASK! Then Melt.Yep

[gtq838]

@sscam2001 you may be right, still good luck finding somebody to do it for you.

[EvanQuinn07]

Wow, I just checked London fixed for Cu, it's only 1.95 a pound, if the op's math is correct, do you think it's really practical to hoard Cu pennies? It looks like the price would have to increase 3.5 times to break even.......not knocking you, just trying to understand the rationale

[EvanQuinn07]

Last but not least, how does it distinquish between the different types of pennies?

[Hemitris]

@Ryedale have you tried canadian pennies?

[Kashmir2000is]

@1ToNJaB Apparently you have never sold coins in eBay. If you did you would know what some people are willing to pay for 1982 and predated pennies. And some people will charge for packaging, driving to the post office, and even their time. Don't dismiss the 1982 and prior pennies.

PS I would weight that 1983 penny before you toss it aside. Ryedale has already explained to you what the point is, so I will leave that "missed point" alone.

[gtq838]

@1ToNJaB we aren't trying to find the post 82 pennies we are taking out the pre 83 pennies. whice have nearly 3 grams of copper in them. 453 grams in a pound / 3 grams of copper in penny = 151 pennies = over $4 in copper

[davidlee110]

@gtq838 wrong!

146 pennies is $4.30 a pound

[StokeyBob7]

Now all that is left is rolling them up!

[thisgame2]

dont listen to flint he is a douche.. I got a apprentice last week. I luv it, thanks Andy

[jonnygrant86]

1.1 million coins and still going :D

[ShardikTube]

How does it work?

[johnwindham]

where can i buy one?

preston

[spikeycorn]

so one sorts copper and the other sorts zinc? is 1 worth more??

[STORM6490MT]

the metal in pennies between 09-82 are worth $0.0202837 on dec 27 07. So you can double your money in metals. Pretty cool! Beats the heck out of paper money!

[frosty1433]

cool invention btw

[invertedness]

A few imperfections but it looks like it works accurately for the most part.

[frosty1433]

let me try to understand...

so according to Gresham's Law, if you sort the "good money" (old pennies) from the "bad money" (new pennies), then you'll get more money when you trade them in?

[Flint41]

Congrats this is the most useless invention ever. and does it really need to be so big

[Ryedale]

I see you are in Canada, You are sitting on a "gold mine" in Canadian coins. Even sorting pennies you can make about 5 times a Mc-Job. Learn about Greshams Law and you will understand the motivation.

[resanime]

Why is the box so...red?

[Ryedale]

It is kindof funny how the box "glows red" in the video. Not intentional, just a quirk of the camera and lighting I guess.

[nuclearthreat545]

so whats teh differnce? besides the fact that ones made of copper, and other of zinc? Is one type bad?

[Ryedale]

The coppers are worth 2x face value at least, plus the older wheat's are isolated with the coppers, so you can concentrate them before sorting.