Message:

<p>[QUOTE=&quot;Michael K, post: 4055331, member: 78298&quot;]That 2.4 price is from 2011.</p><p>Currently it is around 1.7 cents.</p><p>And again that is not taking into account that pennies are not Grade A copper.</p><p>Pennies are an alloy and you will receive 25% of the spot price for that.</p><p>The 1.7 cents is the Grade A&nbsp; spot price.</p><p><br /></p><p>Just remember one thing. FORGET ABOUT THE MELT VALUE OF COPPER IN PENNIES. You won&#039;t even break even in 50 years.</p><p><br /></p><p>There are plenty of people hoarding copper pennies. When you consider the time and expense of storage, transportation, etc. And then when they find out they are worth more at face value, Hello Coin Star and their 11% takeout.&nbsp; Yes it&#039;s true some are being sold slightly above face in large lots on EBay or wherever, but they are just selling them to another misinformed person who thinks they are going to make money melting copper. They aren&#039;t.[/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