Message:

<p>[QUOTE=&quot;Michael K, post: 3139758, member: 78298&quot;]It&#039;s only worth 1 cent. The copper value is not almost 2 cents.</p><p>The copper value if you were allowed to melt it is&nbsp; 1/2 cent.</p><p>Because a cent is alloyed, it is not pure grade A copper which is what the spot price is and why almost everyone thinks there&#039;s almost 2 cents worth of copper in a penny. You must extract the copper out of the penny. Allowed copper brings 25% of the spot price, you would need copper to go to $6 a pound to break even on the copper value of a penny.</p><p>Copper is around $3 a pound and it&#039;s not going to&nbsp; $6. The highest it has ever been was $4+.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in