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"Melt Value" of copper coinage
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<p>[QUOTE="The Eidolon, post: 7670755, member: 102103"]Was thinking about the floor for the value of old copper/bronze coinage.</p><p>With current prices, it looks like copper is about $10/kg = 1 cent per gram.</p><p>So if one could buy a UK large penny-sized coin for $0.10 US, would one be </p><p>getting that coin at close to the underlying metal value?</p><p><br /></p><p>Or have I slipped an order of magnitude in my estimate somewhere?</p><p>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.</p><p>[ATTACH=full]1318001[/ATTACH] [ATTACH=full]1318002[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="The Eidolon, post: 7670755, member: 102103"]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. [ATTACH=full]1318001[/ATTACH] [ATTACH=full]1318002[/ATTACH][/QUOTE]
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"Melt Value" of copper coinage
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