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<p>[QUOTE=&quot;Midas, post: 50843, member: 2761&quot;]So if copper is sold at the avdp pound, then a cent is not <u>yet</u> equal to its straight melt value for those minted before 1982.</p><p><br /></p><p>Even if copper increases above straight melt value of a Lincoln cent, somebody still has to take that cent, melt it, refine it to a &quot;pure&quot; form, and be able to sell it.</p><p><br /></p><p>With that said, until copper gets to about 15 to 20% above the raw melt value of a cent, no refiner will touch it because there is no money after costs involved with the above steps to put it back into pure form.</p><p><br /></p><p>Just like buying gold.&nbsp; You simply can&#039;t buy gold at London closing prices.&nbsp; These prices are just a benchmark for dealers to add to their brokerage fees and costs associated with getting that particular gold into a buyer&#039;s possession.</p><p><br /></p><p><img src="http://www.gold.org/discover/knowledge/faqs/images/C10.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><img src="http://cwx.prenhall.com/bookbind/pubbooks/blb/chapter23/medialib/2304/bl23fg13.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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