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Replies: 24 / Views: 929 |
Bedrock of the Community

United States
15085 Posts |
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 .
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Pillar of the Community
United States
991 Posts |
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.
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Valued Member
United States
129 Posts |
@T-BOP... at that price, that's almost 3 cents of bullion value per 95% copper cent.
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Valued Member
United States
129 Posts |
On the other hand, don't stash away so many copper cents that your floors give way / fall through!
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Pillar of the Community
United States
2249 Posts |
Melt value 1 cent= $0.0275 1 nickel= $0.0583
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Bedrock of the Community

United States
56117 Posts |
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
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Bedrock of the Community
Australia
18383 Posts |
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.
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Bedrock of the Community

United States
11479 Posts |
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.
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Pillar of the Community
Canada
4088 Posts |
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.
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Pillar of the Community
United States
4154 Posts |
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
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Bedrock of the Community

United States
15085 Posts |
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 .
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Moderator

United States
98386 Posts |
My keeping copper cents is most definitely a long term play. 
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Pillar of the Community
United States
3680 Posts |
I keep every one I find, mainly because they are old though, not because I plan to melt them down some day.
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Moderator

United States
98386 Posts |
My original plan was to keep them from being melted by other opportunists. 
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Pillar of the Community
United States
4154 Posts |
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
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Moderator

United States
98386 Posts |
Quote: Ok, fixed it lol 
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Replies: 24 / Views: 929 |
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