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<p>[QUOTE="ratpack7, post: 1107994, member: 28375"]I was doing a little research and I don't see how hording 1944-1982 penny's makes any sense at all. Considering that 1944-1982 penny's are 95% copper and 5% zinc which makes them BRASS not copper. Current price for brass is $2 lb. since 1lb of penny's is 200 penny's ($2 face) what is the point??? Also $2lb is the price for clean bright yellow brass which is market value. When you start looking at scape prices for brass you are losing money hording these penny's. Scape prices are <a href="http://www.earthworksrecycling.com/prices/index.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.earthworksrecycling.com/prices/index.html" rel="nofollow">$1.50 lb for yellow brass and less then .73 lb for contaminated brass.</a> So unless you are scraping MS grade penny's ( which would sell for a premium over face) you would get .73 cents for $2 face value. Not a good investment in the least.[/QUOTE]</p><p><br /></p>
[QUOTE="ratpack7, post: 1107994, member: 28375"]I was doing a little research and I don't see how hording 1944-1982 penny's makes any sense at all. Considering that 1944-1982 penny's are 95% copper and 5% zinc which makes them BRASS not copper. Current price for brass is $2 lb. since 1lb of penny's is 200 penny's ($2 face) what is the point??? Also $2lb is the price for clean bright yellow brass which is market value. When you start looking at scape prices for brass you are losing money hording these penny's. Scape prices are [URL="http://www.earthworksrecycling.com/prices/index.html"]$1.50 lb for yellow brass and less then .73 lb for contaminated brass.[/URL] So unless you are scraping MS grade penny's ( which would sell for a premium over face) you would get .73 cents for $2 face value. Not a good investment in the least.[/QUOTE]
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