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<p>[QUOTE=&quot;Michael K, post: 4808313, member: 78298&quot;]This is for GRADE A copper. 100% unalloyed copper.</p><p>Alloyed copper which include pennies (illegal to melt) gets 25% of the Grade A Scrap price. Kentucky already explained the refining costs don&#039;t make it feasible. Copper would have to go to $6 per pound to BREAK EVEN.</p><p>It has never been higher than $4.6285 in it&#039;s history, and the current price is $3.03.</p><p>It will never be worth melting copper pennies until the price is at least $9 a pound. And even then, the storage, transportation, etc. is not going to make this venture profitable. Anyone who is sitting on 55 gallon drums of copper pennies is going to end up Coin Starring them at an 11% loss of face value.</p><p>(Although suckers buy large lots of pennies on EBay at slightly over face, but again shipping is an issue.)[/QUOTE]</p><p><br /></p>

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