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<p>[QUOTE=&quot;Midas, post: 50489, member: 2761&quot;]Lincolns before 1982 were in fact 95% copper and 5% tin (with the exception of 1943 Steel cents)</p><p><br /></p><p>Weight of a Lincoln Cent is 3.11 grams which 2.95 grams is copper.</p><p><br /></p><p>A troy ounce weighs 31.1 grams</p><p>A troy pound is 12 troy ounces or 373.20 grams.</p><p><br /></p><p>An &quot;avoirdupois&quot; counce (what I like to call a &quot;supermarket&quot; ounce) is around 28.35 grams.</p><p><br /></p><p>Precious metals are sold via grams, kilograms, troy ounces and troy pounds.&nbsp; Copper, tin and aluminum are considered base metals and I believe they are not sold like Au, Pt, Pd, and Ag.&nbsp; </p><p><br /></p><p>So, with that said, here are both cases:</p><p><br /></p><p>$1.4285 per troy pound equals $.0038277 per gram ($1.4285 divided by 373.20) multiplied by a copper cent weight of 2.95 grams and your answer is $.01129 of copper value per Lincoln cent before 1982.&nbsp; You are right!&nbsp; The value of the copper melt of a Lincoln cent is worth more than $.01 if it is bought and sold via troy pounds.</p><p><br /></p><p>Now, an avdp. pound is 453.60 grams and using the same math, $1.4285 divided by 453.60 grams is $.003149 per gram multiplied by 2.95 equals $.009290287 per pre-1982 cent...still close to a &quot;wash&quot; between pure melt value and one cent.&nbsp; This is assuming that the refiner doesn&#039;t charge anything to take Lincoln cents and refine the copper back into pure form.&nbsp; </p><p><br /></p><p>So to answer your question, if copper is sold via troy pounds, then there is more melt value in a Lincoln than the cent itself.&nbsp; It is traded via avdp. ounces, a Lincoln cent is still worth more per unit than the raw copper value.[/QUOTE]</p><p><br /></p>

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