Copper Collectors Think Silver Stackers & Gold Bugs Are Cute

Discussion in 'Bullion Investing' started by Gregg, Aug 7, 2018.

  1. LakeEffect

    LakeEffect Average Circulated

    He's claiming U.S. tons, not metric.

    400,000 pennies x 3.11 g = 1244 kg = 2742 lbs per bag
    2742 lbs x 15 bags = 41,130 lbs = 20.6 U.S. tons

    (He claims it's 40,890 lbs., so close enough)

    Since Lincolns are technically brass for scrap purposes, say $2 per lb...

    $2 x 40,890 lbs. = $81,780 (so this isn't a great deal)

    Of course, no scrap yard will accept coinage anyway, so.....
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  3. Noah Finney

    Noah Finney Morgan / Gold Indian Member

    I live in the us, I just did it off of google and that is what google said
  4. LakeEffect

    LakeEffect Average Circulated

    No worries, I was just curious and ran through the math exercise myself. I decided not to hit the "buy it now" button ;)
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