If someone offered to sell you with a HOMEMADE 100 oz bar of silver - would you pay anywhere close to spot? How much faith do you suppose a scrap yard will have in a big old homemade blob of melted copper?
I think scrap yards have seen just about everything. I don't think they would question a big glob of melted copper.
The fact that it's easier to shove them into the trunk of the junk car, and point them out with a wink and a nod when you get to the scrap yard.
And apparently you don't ever hear about scrapyards reporting people who bring in copper wire or tubing from cell phone towers and light poles. I might be wrong about this, but aren't scrapyards suppose to collect identification from sellers?
Kookbox, really, The National Association for the Advancement of Colored People? Zach, really, "Great, I love college basketball!"?
U.S. Cent is made of brass 1944 1982 5% zinc 95% copper. Brass scraps for less than copper. $2 = 1pound of brass about $3 in scrap.
I think you missed the point. Bring it to one of my scrap yards - sure maybe I'll buy it. Pennies on the dollar. It is no longer in a recognizable form such as tubing or wiring. It is now a big homemade blob - I don't know what the purity is. I don't know if a giant blob of lead or sand or iron or etc rest in its core. Material in such a form will be met with great skepticism and priced accordingly.
I love the name Big Brother. They must stand up for you when you are accused of something. O wait NOT! XD I don't think it is in Canada so...!!!!!
If you are planning to take the copper to the junkyard, then there is no need to melt the pennies. Just dump them in a bucket and haul them down there. You might get more money that way. IMO, however, its a heck of a lot of work for a few dollars. I did notice one thing today. I'm pulling some ethernet cable in my house and while I was at the Home Despot, a couple of electricians were looking at the cost of romex (copper electrical cable) and were shocked at how much that it was going up in price. I did notice that all the spools of of 6 AWG bare copper wire was gone. I should have picked up a spool of it a few months ago. On the plus side, they still had 100W incandescent light bulbs.
How about just being a good law abiding citizen and simply not melt them? I'm willing to bet more than half of the citizens don't realize you can't melt coinage to make money off the metal content and you apparently know the law, so be a good person and just obey it I say.
Isn't the US mint the only business run by the government that actually makes money? I had a friend whose silver dollars melted into a blob in a house fire. Burn you house down and leave your pennies in there.