If I wanted to purchase a souvenir penny machine to raise funds for a non-profit organization, what would it cost? I have been to a number of websites that sell them but they refuse to disclose the price online, asking that I contact them to discuss the price.
This site lists several different models. One starts at $1700 and the others start at $3000.
I know I’ve seen one listed on eBay, used with a starting bid of $500. There sere no takers.
I suspect that this might have to do with the fact that they’d prefer to have some way to pester you about whenyagonnabuyone, whenyagonnabuyone, huh, whenyagonnabuyone?
Whenyagonnabuyone?
Keep in mind that the die has to be specially designed and cast for each customer. This sort of thing is usually farmed out to another vendor whose prices may change and affect the current overall price.
Leaving aside the fact that this company seems to be an apartment in Moscow, Russia, and the first-name-only testimonials seem questionable at best, I’m thinking the shipping costs might be a bit prohibitive. Are there any available closer to home(Oregon)?
Also they probably want to look you over to see how much they can expect to be able to wheedle out of you before they name a price.
Have you contacted them to discuss the price? What did they say the price was?
No, I haven’t-see post #3 for a very good reason.
Well, I would find it difficult to determine how much a souvenir penny machine costs without asking people who are selling a souvenir penny machine how much they want for it.
Then after, I could ask smart people on a message board if they think that price is too much for a souvenir penny machine.
Is it silly to hope to find out what a company wants for the product they sell without having to wheedle it out of a saleshark?
I wouldn’t say it was “silly”, no. I’ve been heavily annoyed by some online retailers who don’t list the price they want for something they are selling on their website.
This site has some prices:
They’re, um, a bit more that I would have expected.
The budget “penny on a post” presses start at $1995. The standard machines with full cabinet start at $5500.
Interesting. You mentioned custom dies to imprint the penny. I would guess you also get custom artwork with the machine.
I vaguely remember seeing one of these machines at the Toronto zoo. These days, however, Canadian coins are made of plated steel. Would they be more difficult to press?
Not to mention that Canada abolished the penny in 2013. Presumably you can press other coins?
Like in Moscow, Idaho?
My mom has reported seeing these machines elsewhere in the world, with a basket full of US pennies sitting next to them.
In Europe, they use 2 cent coins, which are basically the same shape and size as US pennies (though with a groove in the edge).
My wife an I collect smashed pennies during our travels. I bought a bag of copper blanks that are near the same size as pennies. Being solid copper, the make real nice imprints. Before then we would save our 1982 and older pennies, they contained more copper than those made later.
Just checking, do you really want the machine or just smashed and imprinted pennies to sell?
At first I thought the machine itself would be be a good draw at conventions…but not at those prices. I guess I’ll check out prices for pre-smashed pennies and medallions.
Sounds like a good idea. Also would give you a chance to scope out the demand and see if a machine would ever be worth it.
Unlike other penny machine manufacturers, Penny Press Machines offers its presses for sale, or for placement in qualified locations at no cost to the location. Purchasing one of our elongated penny machines allows you to realize unlimited earning potential without splitting the income. Requesting placement of a coin press on a percentage basis allows you to start making money without the up front cost of purchasing.
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10% discounts for not for profit organizations
Location: Colorado.