I fill 5 gallon buckets with my pre82 cents. I recently did a ton of online research to how many 'pennies' can fit into a bucket and was not thrilled with the results. So i did 3 buckets here, all counted. So, I not only want you to guess how many are in each bucket (they are all the same amount), but I want you to take the 3 bucket total, and figure out how much in 'scrap' all 3 are worth, and post. Your post should be a dollar figure for all 3 buckets full over the face value. In other words, just the profit, if i had a buyer today at spot for all metals...what would be the profit of these 3 5 gallon buckets (minus the face value of the coins themselves). Now to the good part. Winner gets a 2000 WAM. Contest is todays ending spot for the metals, and entrys will be accepted up until 11:59 2/28/16 EST. Have fun
After some "Hillbilly counting" 45,666 pcs per bucket - 136,998 pcs total 180.71$ profit per bucket - 542.13$ total profit
Well, if it's five gallons, i have to find the volume of the bucket. I used my notepad, and multiplied my original answer by three; Somewhere around $1,000 Then again, i suck at math.
The only profit will be to the OP. Any sucker who pays a premium for them will ultimately lose if he/she were to wait until it is legal to melt them and then try to resell them to a refiner. Chris
Zero.... and for the very reason that has been explained here many, many times. And that's it... this is the only way anyone is going to make any money on this, ahem "bullion". I'm sorry, but the "if I had a buyer at spot...." and as a "bullion investment" realistically translates to "if I had someone I can take advantage of and/or doesn't know what they're doing". No disrespect to the OP intended, but this is the reality of the situation, and considering this is an educational/discussion forum, only fair to say as much.
I have had buyers of all metals at spot for over a decade. $, time and space, i hope i have those 3 some day.....
A or #1 is pure copper, cents are 95% and considered red brass that brings in as much as a number 2. If and when they allow melting, to remove the zinc from off the top is easier then many think.
I thought red brass was something like 85% or less of copper and zinc with no tin , so I doubt they'd sell as red brass . Plus like the others said you can't legally melt them , though I'm sure someone has if it was profitable .
