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<p>[QUOTE=&quot;Amos 811, post: 2361683, member: 73711&quot;]If something was 95% silver, or 95% gold people would buy it. Same goes for copper. I found this awile back on another website, it really boils it all down.</p><p>&quot;If the melt ban is lifted and the price of copper jumps significantly, there will be plenty of people looking to buy hoards of pennies to process. It is true that it takes more effort to refine the copper out of the pennies. But just like with 90% silver coins, if the value of the precious metal being retrieved is high enough, someone will do it.</p><p><br /></p><p>But it is an interesting point that you have made about copper classification. I&#039;m just not sure that it will apply in the future if/when copper pennies are allowed to be melted in the US. Scrap yards pay brass prices on non-pure copper because they really don&#039;t generally know how much copper is in anything that is not pure. So they lump it all together and lowball the customer. If the amount and value of the copper is known, competition from other scrap dealers will force them to pay a better price that is based on true value. Thus, a new classification will be made to handle the penny situation.&quot;</p><p>and</p><p>&quot;just remember Gresham&#039;s law is being taken place. &quot;Bad money drives good money out of circulation&quot;. For example, do you know how rich you would be if your dad turned all of his paper money to coins back in 1964. If he had $50,000 in silver coins then he would be a millionaire today. Even if the people at the scrap yard wont accept your copper pennies, there will always be people that will buy them for spot price regardless if it is legal or not. Just take a look <a href="http://www.ebay.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/" rel="nofollow">on ebay</a>. People are buying copper pennies as we speak. However, hoarding copper cents is not a get rich scheme. It is a long term investment that may take 30 years in order for you to sell it. But just remember that it is a safe investment because you know you will never take a loss due to that fact that your investment is always worth face value.&quot; from <a href="http://www.treasurenet.com/forums/coin-roll-hunting/237010-all-culling-copper-cents.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.treasurenet.com/forums/coin-roll-hunting/237010-all-culling-copper-cents.html" rel="nofollow">http://www.treasurenet.com/forums/coin-roll-hunting/237010-all-culling-copper-cents.html</a>[/QUOTE]</p><p><br /></p>

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