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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

CRH'ers Don't Stop Taking 95% Copper Lincolns .

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Author	Replies: 39 / Views: 2,041	Page: of 3
T-BOP Bedrock of the Community United States 15576 Posts	Posted 02/24/2021 9:00 pm Have you seen the price of Copper lately ? I think today it closed at $4.30 a pound . Proud Member of The Black Sheep Squadron ! In Memory of Fallen Black Sheep Mates . Report this Post to the Staff

atticguy Pillar of the Community United States 1033 Posts	Posted 02/24/2021 9:27 pm I gave up a little over a year ago. I've still got one large bucket left which I'll get rid of as soon as my 'dump' bank opens their lobby again. I think just transporting a load of copper cents would deplete any sales profit. Report this Post to the Staff
halfamind Valued Member United States 264 Posts	Posted 02/24/2021 9:31 pm @T-BOP... at that price, that's almost 3 cents of bullion value per 95% copper cent. Report this Post to the Staff
halfamind Valued Member United States 264 Posts	Posted 02/24/2021 9:34 pm On the other hand, don't stash away so many copper cents that your floors give way / fall through! Report this Post to the Staff
Tunnioc Pillar of the Community United States 2278 Posts	Posted 02/24/2021 10:39 pm Melt value 1 cent= $0.0275 1 nickel= $0.0583 Report this Post to the Staff
Coinfrog Bedrock of the Community United States 59333 Posts	Posted 02/24/2021 10:48 pm Save 5,000 copper cents, drag them to your local smelter (don't bother stopping by the LCS), and see what they'll offer you. Report back please! Edited by Coinfrog 02/24/2021 10:48 pm Report this Post to the Staff
sel_69l Bedrock of the Community Australia 18720 Posts	Posted 02/24/2021 11:38 pm Best to collect copper wire - it's pure, no refining costs. With scrap bronze coins, most efficient to recycle back into new bronze coins. Alloy only has to be assayed for quality control. Report this Post to the Staff
spruett001 Bedrock of the Community United States 11849 Posts	Posted 02/25/2021 03:21 am Let me know when it hits $1 million a pound and I'll be a millionaire. In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 Oh that I was where I would be, Then I would be where I am not, Here I am where I must be, Go where I would, I can not. Report this Post to the Staff
oriole Pillar of the Community Canada 4188 Posts	Posted 02/25/2021 06:24 am The high value is of limited benefit if you can't sell them as scrap. There is no market like for silver coins, buying and selling them for more than face value. Should that happen it could be a different story. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4169 Posts	Posted 02/25/2021 06:37 am Agreed why bother if you can't just take 'em down to the local yard. Even the yards are picky and they want shiny and bright. And you're not gonna get melt price anyway. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
T-BOP Bedrock of the Community United States 15576 Posts	Posted 02/25/2021 07:38 am I understand where you guys are coming from .But you young whipper snappers should think twice about this . What if copper should go to $6,$7,$8 a pound . And the Government should say OK, It is now legal to melt U.S. Copper coins. Are you going to kick yourselves in the butt for not accumulating all you could have. In your early days ? Proud Member of The Black Sheep Squadron ! In Memory of Fallen Black Sheep Mates . Report this Post to the Staff
jbuck Moderator United States 102003 Posts	Posted 02/25/2021 11:17 am My keeping copper cents is most definitely a long term play. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
KenKat Pillar of the Community United States 3727 Posts	Posted 02/25/2021 12:11 pm I keep every one I find, mainly because they are old though, not because I plan to melt them down some day. My 7070 US Type Set My 7100 Lincoln Cent Set (now with updates!) Report this Post to the Staff
jbuck Moderator United States 102003 Posts	Posted 02/25/2021 12:19 pm My original plan was to keep them from being melted by other opportunists. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4169 Posts	Posted 02/25/2021 1:02 pm Quote: And the Government should say OK, we've pulled 95% of them from circulation, It is now legal to melt U.S. Copper. Ok, fixed it lol When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Edited by fistfulladirt 02/25/2021 1:03 pm Report this Post to the Staff
jbuck Moderator United States 102003 Posts	Posted 02/25/2021 4:07 pm Quote: Ok, fixed it lol Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Page: of 3	Replies: 39 / Views: 2,041

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