Copper bullion. Does it make sense?

It is only worth 2.4c in its pure state. The Lincoln cents would have to be smelted to extract the copper.

Chris

 

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Pre 1982 pennies are going to have a little numismatic value eventually. Especially if they discontinue the penny. I collect them by putting them in my "bank too small to fail", which is a small ceramic piggybank I made myself which has two chimneys. In one I put pre - 82 pennies, and in the other I put nickels. I figure you get a 25% rate of interest as soon as you make a deposit in my bank. I figured it at 100 pennies, worth $2.50 and 100 nickels, worth $5 dollars. That means with a $6.00 deposit your money is now worth $7.50. Plus, it's a fun thing to do with your pocket change.

 

Pre '82 cents as is are either brass or bronze, either of which has its uses.

 

are you trying to be funny? Did you not see the part where I mentioned the melter?

 

Funny, 9ball? 9ball is never funny when he is serious.

 

Did you take my suggestion and call some reclamation centers? Probably not! Well, I did! Every one in the state of Florida, and I got the same answer from all of them.

Believe what you want. It's no skin off my nose.

Chris

 

Ouch!! I keep saving anyways, but dang that is colder than Alaska!!

 

and what did you ask them? They can't melt pennies right now, so why would they pay anything for them? LOL

I don't need to call anyone because I'm confident in my assertions.

 

I'll keep saving my pre '82 cents. :yes:

 

Provident Metals is having a sale on copper bullion $11.49 per kilo. That is the cheapest I have seen but still a large premium.
http://www.providentmetals.com/1-kilo-999-fine-copper-our-choice.html

 

Too high. Might as well stick to silver, the poor man's PM.

 

I rather go to the plumbing section of Home Depot if I want some copper bullion at a good price.

 

I wouldn't be surprised if copper wiring can be purchased for close to melt.

 

Also when you go to sell it can be used in the form you are selling it as ex: piping.

 

How pure is copper piping or wiring?

 

I just looked it up and it says not as pure as laboratory copper.

 

What would be cool is if the U.S. Mint would mint nice large copper coins again with beautiful designs.

 

More pure than pre 82 cents?

 

If used for wiring then it is 99.9% assuming it isn't plated. I am not sure what piping would be.

 

Thanks for the info!