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<p>[QUOTE="Spark1951, post: 3209423, member: 90692"]It doesn't matter, but not just because you can't melt them (legally).</p><p><br /></p><p>As I have learned here on CT, <i><b>if you could melt them</b></i> the process to extract the copper costs more than they are worth. Also, if you have a smelter process them they only pay out about 50% of the value because of the grade of copper recovered.</p><p><br /></p><p>At least, this is what I have read. You see this "worth more than face value" diatribe on loads of places on the 'net. It's just not true...and is also not worth hoarding the copper cents either. 2 things would have to happen before this hoarding scheme would work:</p><p><br /></p><p>1. The price of copper would have to increase to $4 or $5 dollars a pound and</p><p>2. The law would have to change to enable melting.</p><p><br /></p><p>I offer this info in good faith, passing on many things I have learned and read about in the past year. I am open to anyone who has updated data on this.</p><p><br /></p><p>Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 3209423, member: 90692"]It doesn't matter, but not just because you can't melt them (legally). As I have learned here on CT, [I][B]if you could melt them[/B][/I] the process to extract the copper costs more than they are worth. Also, if you have a smelter process them they only pay out about 50% of the value because of the grade of copper recovered. At least, this is what I have read. You see this "worth more than face value" diatribe on loads of places on the 'net. It's just not true...and is also not worth hoarding the copper cents either. 2 things would have to happen before this hoarding scheme would work: 1. The price of copper would have to increase to $4 or $5 dollars a pound and 2. The law would have to change to enable melting. I offer this info in good faith, passing on many things I have learned and read about in the past year. I am open to anyone who has updated data on this. Spark[/QUOTE]
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