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<p>[QUOTE=&quot;justafarmer, post: 1331056, member: 3926&quot;]I do not want to rain on anybody&#039;s parade but - pretending US cents were legal to melt</p><p><br /></p><p>Sure small lots trade on Ebay at a price close to spot but what about giant hoards of these things weighing thousands of lbs. Where are you going to sell them? More than likely at a scrap yard. Call your local scrap yard and iquire what they are paying for copper. You&#039;ll probably be quoted a price discounted 15% to 35% off spot. Hoards of US cents -well these present an additional problem. No scrap yard is set up to take them. If you deliver tons of these coins to a scrap yard; do you believe that they will take your word that all the coins delivered are copper cents. No they&#039;ll have to sort and verify and it would be an ardious labor intensive task. The volume a scrap yard would do in this type of material would not be great enough or economically viable to invest in specialized sorting equipment to automate the process. I suppose they could probe the load and pull samples similar to the process used for grain. But this process still doesn&#039;t seperate the good material from the bad.&nbsp; So this puts an additional middleman in the process. One who buys truckloads of material from scrap yards and therefore has a volume large enough to make an automated sorting process economically viable. Copper prices as they stand now and if cents were legal to melt - I think you would still be lucky to realize a price much over face.[/QUOTE]</p><p><br /></p>

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