Copper bullion?

Discussion in 'Bullion Investing' started by Dj Shift, May 9, 2013.

  1. justafarmer

    justafarmer Senior Member

    Copper cents are not easily identifiable and therefore worth considerably less than their metal value as scrap. Even if the coins were legal to melt their scrap value is probably less than 1 cent per coin. Scrap yards will not accept your claim that the truckload of cents being delivered is free of ZINCOLNS. Therefore every load would have to be sorted and verified before payment is rendered. This takes time and money. The scrap yard then faces the same scrutiny from the buyer they sell to further up the scrap metal food chain.
     
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  3. scyther

    scyther New Member

    Well thank God biological viruses don't exist in the 21st century now that they've been replaced by computers.



    I've heard that one before. Never heard YN other than here. And in any case, you shouldn't assume people know what it means. It's not nearly common enough to assume that.

    Nothing you know about ancient coins or anything else will prove you're a genius. People of average or even lesser intelligence can memorize information, especially if it's about something they're interested in. You don't think every little kid who memorized all the Pokemon is intelligent, do you? Intelligence is about how well the mind functions, not how much information it's absorbed over time.


    If you say so, re-re.


    I guess I can't blame you if that's the best response you can think of. I know :too-cool-for: kills a lot of brain cells.
     
  4. scyther

    scyther New Member

    I would agree that they're worth considerably less, but not as much as you think. They're still far more than 1 cent each. I don't agree that they're not easily identifiable, either. You can just run a small sample through a Ryedale (or even hand sort it) to see that it's all copper. And if any is later discovered to be zinc after melting, they can charge the seller for it.

    People were melting pennies before the ban set in. I believe they were getting somewhere between 80 and 90% of melt.
     
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