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<p>[QUOTE=&quot;Michael K, post: 4906918, member: 78298&quot;]The weight of the copper in the penny might be worth more than 1 cent, </p><p>however, even if it weren&#039;t illegal, the cost of extracting and refining cents doesn&#039;t make it worth it even if it was legal. The spot price is for Grade A copper. Copper cents are an alloy and not Grade A. They would be purchased at 1/4 spot.</p><p>Copper would have to go to $6 a pound to break even. Copper has never been higher than $4.63 and is currently&nbsp; $2.95. Anyone hoarding copper pennies is going to lose money. Time, storage, transportation, inflation. Copper isn&#039;t going to $7 a pound anytime soon to even make a slight profit. Because if the spot was $6 (to break even) the salvage yards are still going to pay less $5 or so.[/QUOTE]</p><p><br /></p>

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