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<p>[QUOTE="kaparthy, post: 3010153, member: 57463"]You need to re-work your arithmetic. At 146 cents to the pound, for coins that are 95% copper, the break point is $1.53 or $1.54 (in round numbers). The cost of refining also must be added in, but it is nowhere near $6 per lb. Even at $1/lb refining costs, it is closer to $3 all in all. Right now, refiners are paying ab out $1 per lb for scrap communications wire and $2.70 per lb for "bare bright copper." </p><p><br /></p><p>Copper is refined from ore several times. Copper refining is one of the leading sources of silver. </p><p>[ATTACH=full]746430[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 3010153, member: 57463"]You need to re-work your arithmetic. At 146 cents to the pound, for coins that are 95% copper, the break point is $1.53 or $1.54 (in round numbers). The cost of refining also must be added in, but it is nowhere near $6 per lb. Even at $1/lb refining costs, it is closer to $3 all in all. Right now, refiners are paying ab out $1 per lb for scrap communications wire and $2.70 per lb for "bare bright copper." Copper is refined from ore several times. Copper refining is one of the leading sources of silver. [ATTACH=full]746430[/ATTACH][/QUOTE]
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