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HOARDING pre 1982 cents for copper
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<p>[QUOTE="chip, post: 664581, member: 19122"]The math for US cents is this, each one is supposed to weigh 3.11 grams, of which 95% of that 3.11 grams should be copper, that is theory, in reality each individual coin can be slightly different in weight, and in composition, enough examples in the mix would tend to make the gap close to the ideal.</p><p> </p><p>I am leaning here on the slender reed of memory, so please correct me if my conversions are off.</p><p><br /></p><p>on average each pre-1982 cent would contain 2.9545 grams of copper, or about 338.4 cents for one kilogram, since there are 2.2 pounds in a kilo divide 338.4 by 2.2 and you have 153.8 cents to make up one pound of copper.</p><p><br /></p><p>on edit, one of the coin shops I frequent has been displaying one ounce copper bars, no price marked and I have not asked, even at .25 cents apiece they would be about like paying 2400 for an ounce of gold when spot is at 960.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 664581, member: 19122"]The math for US cents is this, each one is supposed to weigh 3.11 grams, of which 95% of that 3.11 grams should be copper, that is theory, in reality each individual coin can be slightly different in weight, and in composition, enough examples in the mix would tend to make the gap close to the ideal. I am leaning here on the slender reed of memory, so please correct me if my conversions are off. on average each pre-1982 cent would contain 2.9545 grams of copper, or about 338.4 cents for one kilogram, since there are 2.2 pounds in a kilo divide 338.4 by 2.2 and you have 153.8 cents to make up one pound of copper. on edit, one of the coin shops I frequent has been displaying one ounce copper bars, no price marked and I have not asked, even at .25 cents apiece they would be about like paying 2400 for an ounce of gold when spot is at 960.[/QUOTE]
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HOARDING pre 1982 cents for copper
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