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anyone sold Canadian copper cents to a scrap yard?
Posted:
Sun Feb 20, 2011 2:52 pmby Economist
Been wondering if scrapyards take Canadian copper... given that they're 98%, what would they scrap as?
Re: anyone sold Canadian copper cents to a scrap yard?
Posted:
Mon Feb 21, 2011 6:53 pmby Dr. Cadmium
There are laws regarding melting coins, so many yards simply will not buy coins of any kind... unless they have their own penny hoard going!
You'd have to call around and ask your local yards to find out.
A very competitive yard will buy #1 copper in small quantities at just over 80% of the spot price. I assume that's what Canadian pennies would be classified as. Someone who deals more with copper will know.
You're probably better off selling them in bulk as bullion to another hoarder than scrapping them.
Re: anyone sold Canadian copper cents to a scrap yard?
Posted:
Sat Feb 26, 2011 1:50 pmby Derek.Sheriff
After calling 6 or more scrap yards in Phoenix, I found one that will take Canadian copper coins as scrap. (I had her double check with the owner). The bad news is they said they'd pay $2.50lb.
Re: anyone sold Canadian copper cents to a scrap yard?
Posted:
Sat Feb 26, 2011 3:08 pmby hobo finds
Derek.Sheriff wrote:After calling 6 or more scrap yards in Phoenix, I found one that will take Canadian copper coins as scrap. (I had her double check with the owner). The bad news is they said they'd pay $2.50lb.
How many copper canadian cents make a pound
Re: anyone sold Canadian copper cents to a scrap yard?
Posted:
Sat Feb 26, 2011 4:53 pmby Derek.Sheriff
According to HighRoller: "There have been a ton of numbers thrown out there but the average mix seems to be $1.74 Ca copper pennies to 1 lb."
Re: anyone sold Canadian copper cents to a scrap yard?
Posted:
Sun Feb 27, 2011 1:11 amby frugalcanuck
it depends on the year. There are 4 different weights. 1977 and before; '78 to '79; '80 to '81; and '82 to '96. so each pound of copper pennies is likely to have a different value.