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 Replies: 39 / Views: 5,750 |
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Rest in Peace
United States
18456 Posts |
Have you seen the price of Copper lately ? I think today it closed at $4.30 a pound .   |
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Pillar of the Community
United States
1373 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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Pillar of the Community
United States
1493 Posts |
@T-BOP... at that price, that's almost 3 cents of bullion value per 95% copper cent.
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Pillar of the Community
United States
1493 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
3179 Posts |
Melt value
1 cent= $0.0275
1 nickel= $0.0583
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Bedrock of the Community
United States
94367 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
21788 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
12477 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
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
Canada
5242 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
4333 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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Rest in Peace
 United States
18456 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 ?    |
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Moderator
 United States
188770 Posts |
My keeping copper cents is most definitely a long term play. |
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Pillar of the Community
United States
4085 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
188770 Posts |
My original plan was to keep them from being melted by other opportunists.  |
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Pillar of the Community
United States
4333 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
188770 Posts |
Quote:
Ok, fixed it lol  |
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Replies: 39 / Views: 5,750 |
Posted 02/24/2021 9:31 pm
