"Melt Value" of copper coinage

Discussion in 'World Coins' started by The Eidolon, Jun 13, 2021.

  1. The Eidolon

    The Eidolon Well-Known Member

    Was thinking about the floor for the value of old copper/bronze coinage.
    With current prices, it looks like copper is about $10/kg = 1 cent per gram.
    So if one could buy a UK large penny-sized coin for $0.10 US, would one be
    getting that coin at close to the underlying metal value?

    Or have I slipped an order of magnitude in my estimate somewhere?
    Not that I endorse melting down old coppers, but it's kind of amazing if some of them can be had for only a little over the underlying metal value.
    Big Copper 1 copy.jpg Big Copper 2 copy.jpg
     
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  3. Matthew Kruse

    Matthew Kruse Young Numismatist

    I'd buy those for ten cents any day. They're from the 1800s! :woot:
     
  4. The Eidolon

    The Eidolon Well-Known Member

    Sorry, photo was for illustrative purposes only. Most of those were 25 cents!
    (A few were more, though.)
     
    Copper lover and Matthew Kruse like this.
  5. Siberian Man

    Siberian Man Senior Member Moderator

    The coin of Honduras is rather rare and expensive.
     
    The Eidolon and Heavymetal like this.
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