| Author |
 Replies: 13 / Views: 955 |
|
|
Pillar of the Community
United States
560 Posts |
I don't know the price of copper but evidently it has risen quite a bit recently. Everynight on the local news for the past couple of weeks, here in San Antonio, there have been reports of thieves stealing copper. It is disgusting as they have taken copper from air conditioners, car radiators, wiring from homes being built, and even several hundred bronze vases from a cemetary. I've also been a victim as they've absconded with a large diameter and expensive wire that connects my warehouse to a breaker box. Luckily, they've caught a couple of people and the recycling centers are cooperating with authorities. Is this happening elsewhere in the country?
Also, thanks to you all, I've been hoarding pre-1982 cents and am now up to about 65 rolls. It took alot of searching to accumulate these. Do you think it will have been worth it in the long run?
|
|
|
|
Pillar of the Community
Australia
9412 Posts |
This sort of thing even happens down here in Australia. It has been known for thieves to go to remote country areas and steal miles of copper wire from the power poles that line the roads. Steve  |
|
Valued Member
United States
260 Posts |
How much currently does copper sell for per ounce?
|
|
Pillar of the Community
United States
2365 Posts |
I believe it closed today at $3.60/lb. Cool...copper isn't traded by the ounce like gold and silver ;-)
|
|
Pillar of the Community
United States
2177 Posts |
Wow. [:0]I've never heard of any such thing. Ya learn somethin new everyday!
|
|
Forum Kid
Kuwait
1523 Posts |
Copper is always in the news now, Might shut down the Cent and the nickel.
Cent is going on for 1.8 I think and Nickels for 5.38
|
|
Pillar of the Community
United States
590 Posts |
A couple of weeks ago it was big news here in Tennessee. A man and woman got bust for stealing it from local stores and factories they had about $60,000. worth, I think that was the estimate.
|
|
Pillar of the Community
United States
773 Posts |
Wow..I have a question as silly as it may be,but why was the penny changed in from copper in 1982?I've also been saving mine to,because I'm told too.Copper shortage?
|
|
Pillar of the Community
Australia
3831 Posts |
Copper is mainly used for wires as it is a good conductor relative to it's price. In the past, coins were minted in this metal because of it's abundant availability. Nowadays because of it's strong demand in prices, copper is more often alloyed in other metals such as NiCupro, or as an excellent choice to alloy with other precious metals. This is done to save costs as well as to give alloy metals better properties (although I personally don't agree with NiCupro alloy as there are people who are allegric to nickel)
The reason why copper prices have risen to such rate is not only because of strong demand but because major companies and such do not actively go out to find specifically copper mines unless it is proven that it has a large amount of ores. Typically copper is often found together with other precious metals especially with gold, which is a valuable commdity. Or alternatively copper is found other alloys such as Iron-copper and such.
But even so, copper is rarely found as pure form which means it has to be refined from the precious metal ores. Copper is usually found as copper sulfide and refining such metals is, not costly, but harming the enviroment. And thanks to the expensive fuel costs, transportation from the mines has definately risen, refining costs etc, and tada! The grand final price of what you have to pay.
It is much cheaper to recycle copper afterall!
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. Edited by gxseries
07/19/2006 04:26 am
|
|
Valued Member
United States
260 Posts |
Could the nickels and pennys really go away? If so I'm buying a bunch of silver and regular proof sets and mint sets for this year. Would these be more valuable since they may be the last ones of their kind?
|
|
Bedrock of the Community
United States
14454 Posts |
it is happening alot here in NC also, one guy actually got shocked and killed while trying to rip off large copper wire from a power station, his friend kept collecting the copper after he was dead and got away, but atleast one down
|
|
Bedrock of the Community
United States
14454 Posts |
coolg35748 nothing is going to end this year you can count on that
|
|
Pillar of the Community
United States
2177 Posts |
quote:
Originally posted by Bryan1315
it is happening alot here in NC also, one guy actually got shocked and killed while trying to rip off large copper wire from a power station, his friend kept collecting the copper after he was dead and got away, but atleast one down
That is so pathetic! [:0] |
|
Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by sn31
Wow..I have a question as silly as it may be,but why was the penny changed in from copper in 1982?I've also been saving mine to,because I'm told too.Copper shortage?
Yes. They were going to switch to an aluminum or a steel core/copper clad cent in 1974. But then the price dropped enough to allow bureaucrats to sit back for a few years and displace volume. Which reminds me, does anyone know what the census bureau do for the other 9 years? |
| |
Replies: 13 / Views: 955 |
|
Posted 07/17/2006 10:14 pm
