Idk if you guys have the same problem but every single time I go to type in a statement or sentence, there is always a "draft saved" bubble pop up?! Very annoying
@element159 said:
The weights that I measure:
Copper (bronze) cents: 3.1 g
Copper-plated zinc cents: 2.5 g
Myself, I save the 1982 cents into a separate pile, then eventually get out the scale and identify the copper ones by weight.
You are correct....I had my scale set at dwt & not grams
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
i read that some are predicting that copper will be the next silver & has increased 390% while silver only increased 185% & gold only 150% anyone care to comment ?
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
There is an opportunity cost to doing this.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
@Weiss said:
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
What is the current melt value of a pre-1982 cent? Anyone know?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Coin Melt Value Calculation
Generated on December 8, 2019.
Values Used:
Total Face Value: $1
Coin Type: 1909-1982 Lincoln Copper Cent
Copper Price: $2.6321 / pound
Zinc Price: $1.0229 / pound
Answer:
Total melt value is $1.75.
Statistics:
» There are 0.6514 pounds of copper and 0.0343 pounds of zinc in $1 face value of copper cent(s).
» A roll of copper cent(s) has 50 coins and is valued at $0.87 when copper is at $2.6321 / lb and zinc at $1.0229 / lb (exact value is $0.87475020725605).
Thanks. This is what I wanted to know. Since the copper is alloyed in pre-1982 cents, one would have to factor in the cost of refining the copper.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Copper story. I had to clean out a storage unit of a company was sold with left over inventory. My compensation was to be from selling off the inventory and at the scrap yard. It was mostly iron and aluminum bars, sheets and plates used in manufacturing heavy testing equipment for air craft and space crafts ( yes NASA ). Anyway, I was getting ready to load the last of the scrap iron squirreled way in the back to the recycler. Then I noticed upon closer inspection this was not rust colored patina on red iron. It was all copper! 2" thick plates. 100's and 100's of pounds. Sold when copper was in the mid $3's.
@Weiss said:
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
There is an opportunity cost to doing this.
The opportunity cost is the % interest rate loss of not having the cents in a CD with a decent rate.
@dimebag said:
i read that some are predicting that copper will be the next silver & has increased 390% while silver only increased 185% & gold only 150% anyone care to comment ?
@Weiss said:
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
There is an opportunity cost to doing this.
The opportunity cost is the % interest rate loss of not having the cents in a CD with a decent rate.
Exactly. Or for those who are more aggressive, the stock market. As with bullion, copper doesn't pay a dividend.
The key is follow-through. Would you really invest literally a few cents a day? Do you have that discipline?
I wouldn't. So I keep the copper cents.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
It has always bothered me a bit when I see people refer to "copper bullion" since there is no such thing. Any dictionary will tell you that the term "bullion" refers to gold, silver and other precious metals. Copper has never been a precious metal and never will be.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
With copper at less than $3lb, a CU round is 19 cents worth of copper. A 1,000gr 'poured loaf' is about $7. Hardly worth paying a premium.
Buss bar when available from a metal recycler seems like it has at least a small potential to turn a small profit on ebay. 70lbs in a lg Priority box costs you about $175 & $20 to ship. $350 retail to someone that needs it for something. Fabrication or jewelry or artwork?
Buss bar is on ebay & the markup is self explanatory.
@Weiss said:
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
With copper at less than $3lb, a CU round is 19 cents worth of copper. A 1,000gr 'poured loaf' is about $7. Hardly worth paying a premium.
Buss bar when available from a metal recycler seems like it has at least a small potential to turn a small profit on ebay. 70lbs in a lg Priority box costs you about $175 & $20 to ship. $350 retail to someone that needs it for something. Fabrication or jewelry or artwork?
Buss bar is on ebay & the markup is self explanatory.
Bronco good to see you. Partial reasons listed below in no particular order:
*Spilled coffee on my laptop
*Kept new laptop for biz & off line
*Changed email service providers
*Forgot password
*I was very Annoyed that former grand poobah could spend soo much time out of country yet could find time to micromanage forum posters & stiffled open discussions.
*Completely annoyed that newbies !!!! Polluted BST with inane comments & BST had no moderation so consequently became a wasteland. Furthermore, newbies joined the forum just to sell for free & some were fraudsters.
Those are some of the reasons but not all. If I went further out to sea...the ice might get very thin😇
But I always lurked. Lol. I prefer to remain silent on some things but as I get older I have found that sometimes my patience wears a little thin. So, if I'm annoyed, my go to action is to walk away. PCGS seems to be straightening some things out a little. I responded to a post in the U.S. Coin Forum how to straighten out my log in. Here I am. Never been banned.
The only copper I own is in under the slab of my house. . .and it's been nothing but trouble.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
The only copper I own is in under the slab of my house. . .and it's been nothing but trouble.
Is this a confession ?
no, it's leaky plumbing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
The only copper I own is in under the slab of my house. . .and it's been nothing but trouble.
Is this a confession ?
no, it's leaky plumbing.
Two homes I re-routed the copper from under slab to over head in attic then down. Please avoid PEX in hot water lines. The plastic goes into the hot water. Did I say I love copper
Comments
The 1982 can be either Cu or Zn. 1981 and before are all Cu, 1983 and later are all Zn.
Idk if you guys have the same problem but every single time I go to type in a statement or sentence, there is always a "draft saved" bubble pop up?! Very annoying
You are correct....I had my scale set at dwt & not grams
i read that some are predicting that copper will be the next silver & has increased 390% while silver only increased 185% & gold only 150% anyone care to comment ?
I dump my change into a jar at the end of the night to be returned to the bank every few months. But I sort out and keep the pre `82 cents. Have for a decade or so.
There is an opportunity cost to doing this.
--Severian the Lame
I hoard opportunity costs
What is the current melt value of a pre-1982 cent? Anyone know?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
$1 face value = $1.75 Base Metal
Coin Melt Value Calculation
Generated on December 8, 2019.
Values Used:
Total Face Value: $1
Coin Type: 1909-1982 Lincoln Copper Cent
Copper Price: $2.6321 / pound
Zinc Price: $1.0229 / pound
Answer:
Total melt value is $1.75.
Statistics:
» There are 0.6514 pounds of copper and 0.0343 pounds of zinc in $1 face value of copper cent(s).
» A roll of copper cent(s) has 50 coins and is valued at $0.87 when copper is at $2.6321 / lb and zinc at $1.0229 / lb (exact value is $0.87475020725605).
from http://www.coinflation.com/coins/basemetal_calc.php
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Thanks. This is what I wanted to know. Since the copper is alloyed in pre-1982 cents, one would have to factor in the cost of refining the copper.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Copper story. I had to clean out a storage unit of a company was sold with left over inventory. My compensation was to be from selling off the inventory and at the scrap yard. It was mostly iron and aluminum bars, sheets and plates used in manufacturing heavy testing equipment for air craft and space crafts ( yes NASA ). Anyway, I was getting ready to load the last of the scrap iron squirreled way in the back to the recycler. Then I noticed upon closer inspection this was not rust colored patina on red iron. It was all copper! 2" thick plates. 100's and 100's of pounds. Sold when copper was in the mid $3's.
100% Positive BST transactions
The opportunity cost is the % interest rate loss of not having the cents in a CD with a decent rate.
https://forums.collectors.com/discussion/1029149/pre-1982-copper-cents-how-best-to-dispose-of
Exactly. Or for those who are more aggressive, the stock market. As with bullion, copper doesn't pay a dividend.
The key is follow-through. Would you really invest literally a few cents a day? Do you have that discipline?
I wouldn't. So I keep the copper cents.
--Severian the Lame
It has always bothered me a bit when I see people refer to "copper bullion" since there is no such thing. Any dictionary will tell you that the term "bullion" refers to gold, silver and other precious metals. Copper has never been a precious metal and never will be.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
With copper at less than $3lb, a CU round is 19 cents worth of copper. A 1,000gr 'poured loaf' is about $7. Hardly worth paying a premium.
Buss bar when available from a metal recycler seems like it has at least a small potential to turn a small profit on ebay. 70lbs in a lg Priority box costs you about $175 & $20 to ship. $350 retail to someone that needs it for something. Fabrication or jewelry or artwork?
Buss bar is on ebay & the markup is self explanatory.
I hoard opportunity costs
> @streeter said:
did you take a 5 year vacation from the forum?
Bronco good to see you. Partial reasons listed below in no particular order:
*Spilled coffee on my laptop
*Kept new laptop for biz & off line
*Changed email service providers
*Forgot password
*I was very Annoyed that former grand poobah could spend soo much time out of country yet could find time to micromanage forum posters & stiffled open discussions.
*Completely annoyed that newbies !!!! Polluted BST with inane comments & BST had no moderation so consequently became a wasteland. Furthermore, newbies joined the forum just to sell for free & some were fraudsters.
Those are some of the reasons but not all. If I went further out to sea...the ice might get very thin😇
But I always lurked. Lol. I prefer to remain silent on some things but as I get older I have found that sometimes my patience wears a little thin. So, if I'm annoyed, my go to action is to walk away. PCGS seems to be straightening some things out a little. I responded to a post in the U.S. Coin Forum how to straighten out my log in. Here I am. Never been banned.
*Coin World advertiser since 1961.
Johnny Carson & Jack Webb - "The Copper Clapper Caper" (starts @ 2:45)
I knew it would happen.
Yes. That Jack Webb routine came to mind with all this copper talk. You must be really old too.
The only copper I own is in under the slab of my house. . .and it's been nothing but trouble.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Is this a confession ?
The Carson/Webb skit is a classic. I laugh out loud every time I watch it.
Here's a warning parable for coin collectors...
no, it's leaky plumbing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
My understanding is that copper is industrial metal, and will never be a precious metal.
I would cash the copper in, and buy some silver.
Two homes I re-routed the copper from under slab to over head in attic then down. Please avoid PEX in hot water lines. The plastic goes into the hot water. Did I say I love copper
100% Positive BST transactions