Message:

<p>[QUOTE=&quot;Bryant M, post: 2074152, member: 73449&quot;](***NOTE*** IT IS ILLEGAL TO MELT DOWN PENNIES***)</p><p><br /></p><p>Using the latest metal prices and the specifications, these are the numbers required to calculate melt value:</p><p>&nbsp;</p><p>&nbsp;&nbsp;&nbsp; </p><p>&nbsp;$2.4944&nbsp;&nbsp; = copper price / pound on Jan 30, 2015. </p><p>.95&nbsp;&nbsp; = copper % </p><p>$0.9589&nbsp;&nbsp; = zinc price / pound on Jan 30, 2015. </p><p>.05&nbsp;&nbsp; = zinc % </p><p>3.11&nbsp;&nbsp; = total weight in grams </p><p>.00220462262&nbsp;&nbsp; = pound/gram conversion factor (see note directly below) </p><p><br /></p><p><br /></p><p>The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams. </p><p><br /></p><p><br /></p><p><br /></p><p>1. Calculate 95% copper value :</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; (2.4944 × .00220462262 × 3.11 × .95)&nbsp; =&nbsp; $0.0162472 </p><p><br /></p><p><br /></p><p>2. Calculate 5% zinc value :</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; (0.9589 × .00220462262 × 3.11 × .05)&nbsp; =&nbsp; $0.0003287</p><p><br /></p><p><br /></p><p>3. Add the two together :</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; $0.0162472 + $0.0003287 = $0.0165759</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>$0.0165759 is the melt value for the 1909-1982 copper cent on January 30, 2015.[/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