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Who’s collecting pre 82 pennies for copper value
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<p>[QUOTE="Jamy Smith, post: 25700420, member: 162785"]I’m pretty sure the ban on melting pennies is directed at industrial production, it’s only provable and interesting to law if you have tons of pennies being fed into a commercial smelting furnace;</p><p>95/05 Cu-Zn, great brass stock, I think they’re sorted with a machine that removes about 99.5% of the plated pennies, that little bit of extra zinc is nothing</p><p><br /></p><p>there’s a huge outfit selling pre-82s for 75% melt, though price hasn’t changed since the recent 10% inflation;</p><p>Any size lot, 5,000 coins to a truckload</p><p><br /></p><p>It’s banking on the inevitable end of coin and lift on the ban, whoever wants a great heap of industrial commodities in long term storage wins that bet;</p><p>If I was an eccentric billionaire I’d buy an old dry mine and stuff it full of pennies</p><p><br /></p><p>Manually sorting pennies for profit is like making nails on an anvil, tons of poorhouse fun, almost as profitable as selling homemade charcoal[/QUOTE]</p><p><br /></p>
[QUOTE="Jamy Smith, post: 25700420, member: 162785"]I’m pretty sure the ban on melting pennies is directed at industrial production, it’s only provable and interesting to law if you have tons of pennies being fed into a commercial smelting furnace; 95/05 Cu-Zn, great brass stock, I think they’re sorted with a machine that removes about 99.5% of the plated pennies, that little bit of extra zinc is nothing there’s a huge outfit selling pre-82s for 75% melt, though price hasn’t changed since the recent 10% inflation; Any size lot, 5,000 coins to a truckload It’s banking on the inevitable end of coin and lift on the ban, whoever wants a great heap of industrial commodities in long term storage wins that bet; If I was an eccentric billionaire I’d buy an old dry mine and stuff it full of pennies Manually sorting pennies for profit is like making nails on an anvil, tons of poorhouse fun, almost as profitable as selling homemade charcoal[/QUOTE]
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