Copper $ rising !!!

[Dozer D]

Although copper is not classified as a PM, it's nice to see the price (per Coinflation) slowly climbing. Granted its a far cry from what it was back in 2010-11, but it may eventually get back there for all of us copper cent hoarders.

 

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[Goose-0]

You're right D D. Copper now (Noon-CT) is at $2.50/lb, making a copper cent worth 1.62 cents each for their copper content. I only have around 12K of them making the $120 in cents now valued at $194 for their copper content. Unusual, but I haven't received a copper cent in change in over a week.

 

[Dozer D]

Goose: think of it as making a 60% return on your initial one cent investment. When you look at it that way, it sounds more like "BIG BUCKS". Where else can you make 60% return on face value cash outlay? It just takes TIME. If I recall, back in 2010/11 it was around $.035 per each copper cent.

 

[Goose-0]

I remember those 'good ol' days. Then the guv'mint passed a law that pennies and nickels can't be refined for their copper. Silver remains to be melted due to the possibility that the guv'mint buys the silver from the refiners at a good price.

 

[billjustbill]

Goose: think of it as making a 60% return on your initial one cent investment. When you look at it that way, it sounds more like "BIG BUCKS". Where else can you make 60% return on face value cash outlay? It just takes TIME. If I recall, back in 2010/11 it was around $.035 per each copper cent.

Take a look at this post and short video link....

http://www.treasurenet.com/forums/scrap-metals/521181-good-news-copper-hoarders.html#post5187011

Bill

 

[Steve in PA]

It's still illegal to turn copper cents in for scrap, right?

 

[jim4silver]

It's still illegal to turn copper cents in for scrap, right?

Yes, along with nickels.

Jim