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Rising zinc price to doom the penny?
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<p>[QUOTE="NorthKorea, post: 2485467, member: 29643"]Let's see...</p><p><br /></p><p>Post-1982 (discounting the pennies in 1982 that are ZnCu) pennies are 97.5% Zn and 2.5% Cu. Copper has a melting point of 1085C, more than double that of Zinc's 419.5C. So, effectively, you'd need to either file or cut all 1mm of your pennies. If you attempted to melt the coins without removing the shell of copper, you might have exploding pennies...</p><p><br /></p><p>2.375 metric tons of Zn at a specific heat of 388 J/kgK</p><p>0.125 metric tons of Cu at a specific heat of 385 J/kgK</p><p><br /></p><p>2375 kg * 398.5 K * 388 J/kgK = 217,750 J</p><p>125 kg * 398.5 K * 385 J/kgK = 19,177,812.5 J</p><p><br /></p><p>So, you'd need to generate roughly 386.5mm Joules of energy or 364.6mm BTUs. At $25 per mmBTU, that's $9115 for energy costs.</p><p><br /></p><p>Then you'd need a way to sort out the Cu from the molten Zn, without breathing in any of the toxic gases. Let's assume that's another $1000 in refining costs.</p><p><br /></p><p>Then you'd need to transport the sorted Zn and Cu to a metal assayer. Let's figure that Cu is enough to give you a net assay fee of $500.</p><p><br /></p><p>Transportation costs on a payload of 2500kg across, say 50km total... 125 MTkm? I guess that's approximately 182.5 Tmi. At 37-cents per Tmi, 34.7mi would be... $2343.12.</p><p><br /></p><p>Energy Cost: $9115</p><p>Transportation cost for 34.7mi: $2343.12</p><p>Assumed refining & assay costs: $1500</p><p>Total related costs: $12,958.12</p><p><br /></p><p>That's just to prepare the Zn for sale. You'd still need to find a buyer for the Zn, which would likely be at 87% of spot, since you couldn't make delivery on a full order.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 2485467, member: 29643"]Let's see... Post-1982 (discounting the pennies in 1982 that are ZnCu) pennies are 97.5% Zn and 2.5% Cu. Copper has a melting point of 1085C, more than double that of Zinc's 419.5C. So, effectively, you'd need to either file or cut all 1mm of your pennies. If you attempted to melt the coins without removing the shell of copper, you might have exploding pennies... 2.375 metric tons of Zn at a specific heat of 388 J/kgK 0.125 metric tons of Cu at a specific heat of 385 J/kgK 2375 kg * 398.5 K * 388 J/kgK = 217,750 J 125 kg * 398.5 K * 385 J/kgK = 19,177,812.5 J So, you'd need to generate roughly 386.5mm Joules of energy or 364.6mm BTUs. At $25 per mmBTU, that's $9115 for energy costs. Then you'd need a way to sort out the Cu from the molten Zn, without breathing in any of the toxic gases. Let's assume that's another $1000 in refining costs. Then you'd need to transport the sorted Zn and Cu to a metal assayer. Let's figure that Cu is enough to give you a net assay fee of $500. Transportation costs on a payload of 2500kg across, say 50km total... 125 MTkm? I guess that's approximately 182.5 Tmi. At 37-cents per Tmi, 34.7mi would be... $2343.12. Energy Cost: $9115 Transportation cost for 34.7mi: $2343.12 Assumed refining & assay costs: $1500 Total related costs: $12,958.12 That's just to prepare the Zn for sale. You'd still need to find a buyer for the Zn, which would likely be at 87% of spot, since you couldn't make delivery on a full order.[/QUOTE]
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