Posted 11/07/2007 6:49 pm
I think he's thinking that both the zinc and copper are worth more than 1¢.
If that's the case, here's something else to think about,
the values commonly posted from coinflation are theoretical values based on pure metals. In the real world based on real scrap prices for comparable composition copper not from pennies, the real price comes out to around 1.3¢ to 1.5¢. Zinc comes out to less than 1¢.
Now for the real question, has anyone found scrap dealers willing to buy copper Canadian cents seeing how the ban only applies to US cents?
If that's the case, here's something else to think about,
the values commonly posted from coinflation are theoretical values based on pure metals. In the real world based on real scrap prices for comparable composition copper not from pennies, the real price comes out to around 1.3¢ to 1.5¢. Zinc comes out to less than 1¢.
Now for the real question, has anyone found scrap dealers willing to buy copper Canadian cents seeing how the ban only applies to US cents?
