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<p>[QUOTE=&quot;Michael K, post: 3032275, member: 78298&quot;]Coinflation is incorrect. The copper in pennies is not Grade A copper which is what the copper quote of around $3 per pound (NOT TROY) is for.</p><p>The copper in Lincoln cents brings 25% of the spot price, with 146 copper cents per pound, copper would have to get to $6 to break even. Anyone who is saving copper cents on the intention of future melting is wasting their time and money. Copper is not getting to $6, (and it would have to get to $8 to make any kind of profit with storage, transportation, etc.) they are just going to sit around with 55 gallon drums of cents and end up getting rid of them at a loss.[/QUOTE]</p><p><br /></p>

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