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

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15085 Posts
 Posted 02/24/2021  9:00 pm Show Profile   Bookmark this topic Add T-BOP to your friends list Get a Link to this Message
Have you seen the price of Copper lately ? I think today it closed at $4.30 a pound .
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United States
991 Posts
 Posted 02/24/2021  9:27 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
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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United States
129 Posts
 Posted 02/24/2021  9:31 pm  Show Profile   Bookmark this reply Add halfamind to your friends list Get a Link to this Reply
@T-BOP... at that price, that's almost 3 cents of bullion value per 95% copper cent.
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United States
129 Posts
 Posted 02/24/2021  9:34 pm  Show Profile   Bookmark this reply Add halfamind to your friends list Get a Link to this Reply
On the other hand, don't stash away so many copper cents that your floors give way / fall through!
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United States
2249 Posts
 Posted 02/24/2021  10:39 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
Melt value
1 cent= $0.0275
1 nickel= $0.0583
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56117 Posts
 Posted 02/24/2021  10:48 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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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Australia
18383 Posts
 Posted 02/24/2021  11:38 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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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11479 Posts
 Posted 02/25/2021  03:21 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
Let me know when it hits $1 million a pound and I'll be a millionaire.
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In Memory of Tootallious 3-31-1964 to 4-15-2020

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Canada
4088 Posts
 Posted 02/25/2021  06:24 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
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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4154 Posts
 Posted 02/25/2021  06:37 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
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.
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Dirt fishing since '72
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15085 Posts
 Posted 02/25/2021  07:38 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
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 ?
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98386 Posts
 Posted 02/25/2021  11:17 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My keeping copper cents is most definitely a long term play.
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3680 Posts
 Posted 02/25/2021  12:11 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
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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98386 Posts
 Posted 02/25/2021  12:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My original plan was to keep them from being melted by other opportunists.
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United States
4154 Posts
 Posted 02/25/2021  1:02 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

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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