Should be where's it at! 1972 penny doubled die confirmation.

Just as I thought! You are mistaking the ability of sorting 95% copper cents from zinc cents, but that has absolutely nothing to do with the process of melting alloyed copper to produce Grade A copper. And, to reiterate my point, alloyed copper is only worth about 25% of the going price for Grade A copper. Like I said before, call all the reclamation centers within 300 miles of your location and ask what they pay for alloyed copper. I DID! This has nothing to do with any government law, the Secret Service or N.F. String.

By the way, there are about 142 pre-'82 copper cents to the pound, but only 95% of that is copper. Do the math!

Chris

 

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I would like to introduce you to Walter Luhrman of Jackson Metals.

http://www.dispatch.com/content/stories/local/2007/11/01/cent.html
http://www.dispatch.com/content/sto...leges-brinks-coin-culling-deal-was-fraud.html

 

You're missing the critical points.

Nowhere does it tell you how much it costs to refine the cents into Grade A copper.

Nowhere does it tell you what the average person who sells the cents to a processor will get for the alloyed coins. Do you really think that Ohio metallurgist is going to bear the expense of melting them down? Hell no! He'll give you 25% of the price for Grade A copper just like any other reclamation center.

It's citing a savings to the taxpayer based solely upon the elimination of the cost to the government to produce the cent (1.6c).

Chris

 

This is actually a better written article:
"He said Brink's was supposed to transport and store coins for the U.S. government but that it instead swapped truckloads of pennies minted in 1992 or before, which contain 95 percent copper, with pennies minted thereafter, which contain only 2.5 percent copper.
Jackson Metals then allegedly paid Brink's an inflated fee to melt the copper down.
Holbrook said the fraud occurred primarily in Ohio, where Jackson is based, and sometimes Maryland.
Luhrman allegedly told Holbrook in January 2010 that Jackson Metals had acquired $5 million in copper pennies as a result of his arrangement with Brink's."

http://webcache.googleusercontent.c...013/09/06/60927.htm+&cd=4&hl=en&ct=clnk&gl=us

 

You still don't get it! It says nothing about the cost of melting them to extract the copper. It says nothing about what a reclamation center would pay for alloyed copper.

Why don't you just admit that you misunderstood the gist of the articles?

Chris

 

Find me any source where gilded brass is valued at less than 25% of copper. Find me any source which proves the logistics are not possible to separate copper from zinc cents. Find me any source that proves the cost to recycle gilded brass outweighs the margins when copper prices spike. So far you have failed to do any of those things and your argument consists of "because I said so."

 

To much fighting and no coin posting . Here's one I just started taking images of, it's Wexler DDR-003 and it's cross-reference is Coppercoins DDR-001 .

 

Yeah man, and that's how those many boxes of silver quarters were made ready and sold, the day labor rolled them too.

Gee, even my Reilley will sort the zincs from bullet jackets which do indeed make better roofs than silver coins.

 

Patently. And to resort to personal insults and ad hominem pretty much proves the dialogue reads to an objective person as reasonable people calmly trying to teach a pig to sing.

 

That does it! I can't squeeze any more stupid out of this thread. Maximum stupid achieved.

 

Hornady doesn't care. Let's see, buy tons of copper and then the corresponding tonnage of zinc to then add more labor and resources to them to make what they need OR....

Again, when melted, plenty of scrap yards will pay the going rate for melted pennies if they won't get caught. The ingots, even with content known are quite marketable.

Now please continue to look past and ignore the prior information offered you relative to fiat paper value and another metal. Do not draw that correlation for yourself, just continue to argue that pennies are worthless. What are zinc pennies worth and how easy is it to extract pure zinc from them?

 

Yes he seemingly is and I am too when I say all the link proves is that I am the commander of this and several universes. Surely my copying and pasting it to you here doth not leave you still wallowing in any denial?

Company Name:

WEBCOINS
File Number: 4178106
Filing State: Pennsylvania (PA)
Filing Status: Active
Filing Date: April 3, 2013
Company Age: 3 Years, 11 Months
Principal Address:
1380 Howard StreetHarrisburg, PA 17104


Company Contacts
N. F. STRING & SON, INC.
Owner
1380 Howard StreetHarrisburg, PA 17104

 

Your assumption is that copper alloyed with 5% zinc, or even more, isn't as marketable with its spot prices, pure or otherwise, kept artificially low as other metals are to which it is bootstrapped.

Your assumption is not much different than a huge majority that never saw the coming of early 2000's scrap metals market being cornered as and the prices of lowly scrap iron, lead and many other metals rising rapidly above their prior numbers which had remained unchanged since the end of WWII.

Your assumption is that the guy writing your article would not buy tons at 25% and doesn't have a backdoor connection with a direct source that will use them for the production of nato rounds and/or other consumer goods, PDQ.

I mean nobody in this country would put on a dog and pony or smoke and mirrors show doing things behind the curtains to extract easy money involving minimal adding of value and resources to make it happen. Never has happened anywhere in the world, NEVER in the history of mankind!!!

That would make them somebody trying to dupe or geld masses of innocent lilies who rely on windbags to protectively do their thinking for them.

Call me a jaded cynic, remind me my tin foil hat is crinkled and continue to call me a spineless fool for hanging onto all copper pennies that come my way. I'd rather have them than paper money which I only use as an easy convenience for small scale transactions in the day to day.

Sometimes I use paper money to buy pennies, nickels, dimes, quarters and other coins. Heresy, right? The guys with the white coats and tailored jackets will be by soon for my regularly scheduled shock treatments, so no worries.

 

You shouldn't represent yourself as being a coin collector or someone who is here to help new collectors in the hobby. Maybe you should take up collecting cow platters. At least the stench wouldn't be as noticeable.

Chris

 

Now you're comparing apples to oranges because your previous arguments have failed.

You and the ordinary fool deserve each other. I've put you on "Ignore".

Chris

 

Clearly, I SHOULD conform to your way of seeing things and adjust my pursuit of life, liberty and happiness as would gratify your set, fixed, and narrow views. My money says your success in making that happen with up-right mammals at any measurable or significant level is about 0 for 0.

Feel free to regale all with tales of countless victories and accomplishments to such ends.

Peace out, Sire and have a spectacular weekend!

 

Gilding Metal is 95% copper 5% zinc. It is used for primarily for brass bullet casings. It would seem to be the most obvious use of brass cents. If you could explain to me why a scrapper couldn't put brass cents with bullet casings, you have a very strong point. However, I do have anecdotal evidence of this occuring before it became illegal to melt/scrap cents- I just won't post this information on a public forum.

So far, you have presented zero evidence to support your argument that this is not an economically feasible operation. I have given you evidence that it is is. You have denied every single thing I've told you with no premise other than your opinion. I guess your opinion if more accurate than facts.

So now, I respond to you with the same crap you've been giving. I believe with the information I have provided you should be able to conclude that without the current legislation preventing melting/exporting of the US cent is the only thing keeping the US 95% copper cent from being melted en masse.

It's your turn to prove your point.

Personally, it doesn't seem like a complicated matter. Metallurgy is a science. It is not mystical magic. They know exactly how much of each composition of metal to use. They know exactly the procedure to follow. They know exactly how much fuel it will use. It has been done; it is probably being done in small scale as we speak; it will be done again.

 

95-5 is largely used to make jackets for ballistic projectiles and other DARPA type of classified items. To make casings, you simply add more zinc. You certainly are on the right track.

 

I worked in a facility that dealt with large volumes of the material.

Chris' argument has been pompous, narcissistic, ignorant and lazy.