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Replies: 22 / Views: 2,921 |
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Moderator
 United States
189117 Posts |
I am not holing my breath, but I am holding my copper cents to save them from your vicious desire to melt them! 
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Bedrock of the Community
United States
10284 Posts |
And I thought State Quarters and Presidential dollars were heavy when we cashed in several thousand dollars for face at the bank. Personally, I don't think messing with copper Lincoln cents is worth the work involved.
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Valued Member
United States
318 Posts |
Agree with other post, who would know if you break the Law and melt some coins! In 2012 I was inside of a large refinery for a technology project and was amazed at the barrels of silver coins waiting to be melted. Problem is that there is an energy cost to melting that might eat up your profit.
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Pillar of the Community
United States
4333 Posts |
I agree, you won't get current melt value due to refining costs. I've been scrapping almost 50 years.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Moderator
 United States
54282 Posts |
One ton of "copper" cents. About 300,000 coins. 
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Moderator
 United States
189117 Posts |
Quote: One ton of "copper" cents. About 300,000 coins. 
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Bedrock of the Community
United States
17884 Posts |
Quote: In 2012 I was inside of a large refinery for a technology project and was amazed at the barrels of silver coins waiting to be melted. Melting silver coins is legal.
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Pillar of the Community
United States
1667 Posts |
the cent isn't pure copper, it's 95% copper, 5% zinc alloy. I don't know exactly what class it will fall into maybe #2 copper, but I'd think in the brass category which is like $1.40 a pound, and they will pay even less than that. some of them were 95% copper, 2.5% tin, 2.5% zinc, (1864-1942, 1947-1962) some were 95% copper, 5% zinc, (1944-1946, 1962-1982)
Not worth the time or effort, probably never will be. Refining it to 100% copper again is going to eat up whatever above it's face value of profit for you it would be.
it's why the "we buy gold and silver" places don't also have copper and brass on their signs, and why you gotta take your copper to the scrap yard dude because he loads it up in containers and sends it to China to be refined and recycled back to #1 copper.
And honestly, there's plenty of scrap good copper that takes far less refining out there between wires and pipes for the scrap guy to ever want to mess with pennies unless it became seriously profitable for him to do it.
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Pillar of the Community
 Canada
5397 Posts |
Sort of the same as coin roll hunting . If you take your most valuable asset Which is time , not worth the effort !
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Pillar of the Community
United States
1278 Posts |
Quote: One ton of "copper" cents. About 300,000 coins. searched?
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Moderator
 United States
189117 Posts |
Quote: Sort of the same as coin roll hunting Maybe, but for some, CRH is arguably more fun. 
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Pillar of the Community
United States
4333 Posts |
"How do you make one hundred dollars by coin roll hunting? Start with two hundred dollars."
Agree w/JBuck, CRH'ing is about fun, and thrill of the hunt.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Moderator
 United States
189117 Posts |
Quote: "How do you make one hundred dollars by coin roll hunting? Start with two hundred dollars."  I will say though, silver CRH finds in the early 1990s funded most of my Franklin half dollars. 
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Pillar of the Community
United States
790 Posts |
I'm not as prolific at saving up copper pennies as you, obviously, but my grandpa told me back in '82 that I should hang onto them, so I've done so when I've thought of it. Even after the melt ban was adopted, I just did—maybe my silly way of honoring my grandpa. It'd be great if they lifted the melt ban. I'm sure there are lots of better uses for copper than handing it out in change or sitting on it.
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Moderator
 United States
189117 Posts |
Quote: I just did—maybe my silly way of honoring my grandpa. Nothing wrong with that. Not at all. 
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