Copper hoarders?

[Dozer D]

With the price of copper rising, are you still hoarding whatever copper cents you find. In a way I wish I didn't dump my $1500.of coppers for face value hoping for a buyer., but needed the cash to pay big bills.
Is there anyone out there still hoarding coppers, and how are you doing.

 

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[fistfulladirt]

With the current melt ban, how do the buyers benefit from rising copper prices?

 

[Johnnybravo300]

I've saved mine for years now and nickels too from my pocket change. All in pickle jars haha.

 

[T.C.]

With the current melt ban, how do the buyers benefit from rising copper prices?

Melt 'em down, who's gonna know?

 

[enamel7]

Melt 'em down, who's gonna know?

They will if they test them.

 

[T.C.]

They will if they test them.

How so? Please explain.

 

[fistfulladirt]

Melt 'em down, who's gonna know?

Right away there’s the energy costs to melt, and most scrap yards won’t accept home cast bars. Most likely unless you can sell copper directly, melting defeats the purpose and normally you’ll lose money. I suppose you could sell for a premium on eBay but I would think you could probably do better getting a min wage job.

 

[pepperj]

With the current melt ban, how do the buyers benefit from rising copper prices?

We have a no melt in Canada, from owning a scrap yard I was not allowed to buy Canadian coinage for melt. But I could buy tokens, or any other currency from another country.
I was at one of my brokers one day when a container of scrap came in from Cuba-barrels of coins going to the smelter.

The broker would buy a cast copper ingot for brass pricing and then threw it into the bales of #2 copper, as it went to the foundries and there seemed to be a allowable range for brass content.
But the message was we'll buy it this time-but only this time.
Off shore containers was the only other option for any type of cast ingot.

Then if some dude showed up with a few ingots it got into the what/where/how/who's of the buying/selling process. It was generally easier to just to say I'll pay that-because of that-and they usually went away. Not worth the hassles that seem to follow the ingot/melts.
Scrap silver coinage there's always a market for that it seems......

 

[Johnnybravo300]

You can sell copper cents for melt on ebay.