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Posted 05/09/2019 2:35 pm
If you do the math, it is very lucrative to convert Canadian pennies to copper.
Approximately 150 pennies to the pound ( $1.50 ) A current pound of copper is $2.75 U.S. or $3.71 Canadian. The difference is $2.71 per pound Gross times .98% which equals $2.65 per pound.
That is based upon pre 1996 pennies for Canada and pre 1984 for the U.S. If copper increases in value over the next year, the difference increases.
Approximately 150 pennies to the pound ( $1.50 ) A current pound of copper is $2.75 U.S. or $3.71 Canadian. The difference is $2.71 per pound Gross times .98% which equals $2.65 per pound.
That is based upon pre 1996 pennies for Canada and pre 1984 for the U.S. If copper increases in value over the next year, the difference increases.
