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Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 9:21 am
by smallchange
If the morning current copper prices hold we break the 3X face metal content barrier on copper cents today.
http://www.kitcometals.com/charts/coppe ... rical.html :D

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 10:22 am
by snappy
4.57/lb I think it made it. (3.01 each )

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 1:59 pm
by aloneibreak
finally !

makes those cents everyone is selling at 1.7 look cheap...

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 3:00 pm
by ScottyTX
Woke up from a nap here and checked copper price. Yipee copper cents at 3.01 each!! I've been waiting to see this day for awhile. When is the general public going to wake up and really get on for the ride?? Time to celebrate with a few cold beers!

Scotty

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 6:08 pm
by STINGER
Need to form a copper penny cartel just to receive a fair price

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 6:15 pm
by TXBullion
Wait a second, are we supposed to be saving the old ones or the new ones ?! :P

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 7:33 pm
by wiper
beers all around...

i admittedly refreshed coinflation a lot today at school waiting for it. :oops:

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 8:47 pm
by Coppercrazy
I bought a 6 pack of my favorite import beer (with halves) to celebrate!

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 9:08 pm
by bman
what was it, about 10-15 years ago that silver was selling at 3x to 4x face? :shock:

Re: Copper Pennies hit the 3X Mark

PostPosted: Fri Feb 04, 2011 9:11 pm
by aloneibreak
bman wrote:what was it, about 10-15 years ago that silver was selling at 3x to 4x face? :shock:



try 7 or 8 years ago...

things have changed quickly...

Re: Copper Pennies hit the 3X Mark

PostPosted: Sat Feb 05, 2011 3:01 am
by PennyBoy
ScottyTX wrote:Woke up from a nap here and checked copper price. Yipee copper cents at 3.01 each!! I've been waiting to see this day for awhile. When is the general public going to wake up and really get on for the ride?? Time to celebrate with a few cold beers!

Scotty


Hopefully the general public wakes up when all the copper is gone.

Re: Copper Pennies hit the 3X Mark

PostPosted: Sat Feb 05, 2011 8:49 am
by Tommybee
Checked out eBay today. There are A LOT of 95% cents for sale. Many items state that cents are now 3x face. I'm watching a lot ot them. Will be interesting to see what they sell for...

Re: Copper Pennies hit the 3X Mark

PostPosted: Sat Feb 05, 2011 10:37 am
by CU Baker
aloneibreak wrote:makes those cents everyone is selling at 1.7 look cheap...


You Bet!!!!!!! I have one lot left and its time too raise the price :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Re: Copper Pennies hit the 3X Mark

PostPosted: Sat Feb 05, 2011 10:55 am
by NDFarmer
Tommybee wrote:Checked out eBay today. There are A LOT of 95% cents for sale. Many items state that cents are now 3x face. I'm watching a lot ot them. Will be interesting to see what they sell for...



Yes feebay is getting flooded with copper.

Re: Copper Pennies hit the 3X Mark

PostPosted: Sat Feb 05, 2011 12:32 pm
by Joogaler
Tommybee wrote:Checked out eBay today. There are A LOT of 95% cents for sale. Many items state that cents are now 3x face. I'm watching a lot ot them. Will be interesting to see what they sell for...


It's going to be interesting watching my "box o' copper a week for a month" auction go for $153 per box shipped! :o