First it's false claims regarding "red brass" and comparisons to "#2 copper", and now the most laughable comparison of all; to grade A ("and please don't quote grade A"... remember this?). You can say all you wish that "it's easier to remove the zinc", but all comes down to cost and what a refiner would pay, and no refiner is going to cough up #2 prices for what they refer to as "copper alloy". Just because fools of ebay buy into this crap, or because you're okay with burning locals too lazy or stupid to understand what they're getting into, it doesn't make it okay or false comparisons factual. Instead of spending all this time trying to figure out how many cents fit into a bucket, perhaps you should dedicate a few minutes into understanding the facts behind your little venture.
SAW SOME OF THEM SELL AT AUCTION FOR 2 CENTS A PIECE.... INDIAN HEADS A LIITLE MORE MAYBE 3 TO 4 CENTS...... FEW WEEKS AGO..
Just a few guys too blind to know whats happening in the world. People buy cull silver coins at spot, are they wasting their time as well? if not explain your reasoning please.
If 90% "coin silver" alloy can trade relative to ASW and spot pricing, why not 95% copper? I've watched copper cents sell for above face for years now.
Excuse me? "Ignorance"? Perhaps I should take that as a compliment coming from one who, perhaps by design, has displayed nothing but. Dig a little deeper and then take a nice long look in the mirror, well, unless you already know the truth and are just using this little sham to pad your pockets. The only ones blind here, sir, are the fools buying into this crap. Don't believe me, please, but if you can waste time worrying about how many coins fit into a bucket, you should have enough time to spare to educate yourself. This isn't some big secret and there's plenty of verifying information available out there. Hell, just make a few phone calls tomorrow if that's easier for you. Comparing "cull" silver (which is a condition descriptor and has nothing directly to do with content) to "copper alloy" in the context of scrap may be your most laughable and pitiful comparison yet, but answer this... do those with any real understanding of what they're doing buy 35% or 40% at the same price as .999, or is it discounted, often heavily, due to content? A poor comparison, yes, but since we're already into apples, oranges, and nonsense, perhaps it will sink in. What your lovely link does is takes the price of grade A, which cents are NOT, and attempts to use it to determine a value for the copper content in a cent. This is the very heart of the problem as it ignores the fact that cents, in their present alloy form, are NOT worth grade A prices and that no refiner, even if legal, is going to pay anywhere close to grade A prices for them. Cents are almost always considered to be a "copper alloy" and prices paid are comparatively low. A number quoted in the internet is meaningless if it doesn't match up to real world realities. Just because some fool doesn't grasp this fact, takes Coinflation (or the like at face value), and is willing to pay for what he's not getting, this doesn't change the facts. If you explain the facts to such an individual and they still wish to buy, that's their own foolishness, but if it is not explained, and this person does not understand, you're simply burying them in order to pad your pockets, and is as simple as that. Half this board will erupt in anger over the slightest possible/supposed misrepresentation of a collectible coin on ebay, yet other than Chris, turns a blind eye to this sham even though it's much more cut and dry. This isn't brain surgery or rocket science here.
It is not hard to get these 2 metals to their boiling point and separate them. It is a few degrees less then that of refining silver or gold. Regardless, who are you to tell people not to invest in copper, pigs, or coal? It seems like your the one trying to pad your pockets having people invest in what you think is proper.
The facts are, there is a demand for them....many people are buying them. Same goes for Apple products, and Chevys....why bother wasting YOUR time swaying people from either what they enjoy, or feel confident in an investment?
First, do you really think it wise to directly compare a precious metal to copper? Now, as you said, "trade relative".... this is key here because that's exactly what is not happening. The "value" being directly attached to 95% copper cents is at of grade A copper (pure, clean), and is the heart of the problem. The copper contained in cents, in order to be worth grade A prices, must be refined. There, unfortunately, is no "relative" about it. Even though a poor comparison, would you consider 4toz (total silver weight) in 35% nickels or 4toz .999 to be worth the same price? That is essentially what Coinflation (and the like) are doing with their quoted values. Just because we've all seen people paying more than a cent, does this automatically mean the facts should be ignored? If one wishes to pay a premium (above face) for 95% cents, shouldn't it be based upon the value of the copper in its present form? Again, would you pay .999 silver money for war nickels, or would you expect the price discounted due to content? Well, that is exactly what is NOT happening with cents. This is really quite simple.
I agree with you, but look now...cull silver is bringing a premium of about 20%, so is cents. The only difference is, I get mine for FV all the time, and I think that is the underlying problem you and Chris have. You both should bash every silver collector and trader on CT for the very same reason.
Nontheless, it is still fun to say "I have found x number of pounds of copper by digging through pocket change" also, couldn't these coins trade such as semi- numismatic bullion rounds or junk silver does?.Afterall they are still federally minted In my opinion they should not be sold purely as scrap. I mean, junk silver does not go for melt, and an american silver eagle or australian kawala bear coin sells for more than a privatly minted bullion round. I know that it is not high grade copper but they still are coins, and they do contain some sort of historical value to very young collectors and the future generations.
I never did say 'with out going over' I thought about it wile writing it up. And it just seems a unfair way for that game show to stiff a few people.
I still don't understand why anyone would buy something that is illegal to melt , and so impossible to legally make money on .
You are just like the rest. I've said over and over again that you can't use the price for Grade A copper multiplied by the weight of the copper in the penny, but you all think you're so smart that you don't have to listen. Over and over again, I've challenged everyone to call refiners around the country and ask them to quote their going rate for alloyed copper because that is what the Lincoln cent is. Let me know when you find one that is willing to pay more than 25% of the Grade A price. Chris
