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Hoarding 1982 and prior pennies
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<p>[QUOTE="jlesliec, post: 2152888, member: 19908"]A pre-1982 cent contains less than 3 grams of copper; thus, a pound (454g) of copper requires about 153 cents. The current commodity price of copper is USD 2.90, for an advantage of USD 1.47 per pound... minus the costs of melting down the coins, extracting the zinc, finding a buyer, and shipping. I suppose you could try to sell the zinc, too... though you'd need over 2,850 cents to yield a pound of pure zinc--currently at about USD 1.06, minus all the costs, of course.[/QUOTE]</p><p><br /></p>
[QUOTE="jlesliec, post: 2152888, member: 19908"]A pre-1982 cent contains less than 3 grams of copper; thus, a pound (454g) of copper requires about 153 cents. The current commodity price of copper is USD 2.90, for an advantage of USD 1.47 per pound... minus the costs of melting down the coins, extracting the zinc, finding a buyer, and shipping. I suppose you could try to sell the zinc, too... though you'd need over 2,850 cents to yield a pound of pure zinc--currently at about USD 1.06, minus all the costs, of course.[/QUOTE]
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Hoarding 1982 and prior pennies
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