The cent.

Is finally back at 2x face after a few years.

 

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According to who?

 

Nice!



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I wonder, is that pound an Av. pound or a Troy pound?

 

The price of copper and math.

 

Av pound or Troy pound?

 

Who cares

 

Bored people who have nothing better to do than to respond to posts.

 

Copper is traded in avoirdupois, but the cent was made to be exactly 1/10th of a troy ounce.

 

I never noticed that!!!

 

That price is for Grade A Copper, not alloyed copper. At that price ($3.02) reclamation centers would only pay about 75c per pound (25%). You would be losing about 67c on every pound (142 pennies).

Chris

 

Beyond me saying "who cares," let me also add how stupid this is if anyone thinks they'll make money from it.

http://www.marketwatch.com/story/a-thought-for-your-pennies-they-are-not-investments

 

Yeah, but you could make it up in volume...

 

Yeah! Just fill up the bed of your 1-1/2 ton pick-up truck with 3-4 tons of pennies.

Chris

 

I'm just hoarding pocket change, it's not like I'm trying to grind out my mercury dime collection for its minuscule numismatic value or anything silly like that.

 

Enjoying yourself is the primary reason for most of our actions.

 

FWIW, on the CU forums quite a few years ago a member posted a photo of the nine 50-gallon trash cans he filled with copper Lincoln Memorial cents. I just hope that he doesn't live in sinkhole-prone Florida.

Chris

 

Wow, good to know. I've been saving my copper and didn't realize that they paid that much less on alloy. I probably have 30 pounds. Looks like it's time to overload the coinstar machine.

 

Check 'em first

 

That would be in South Florida @cpm9ball.... THATS where the Billiards Tables are not level so u can make it..........