The US copper Penny or the Russian 1 Kopek coin

[Copper Catcher]

Excerpt from the article found at: https://www.sovereignman.com/trends/how ... 0b8dc076f5

"The Russian ruble has become so cheap, however, that some of its coins are basically worthless. The 1 kopek coin, for example, is the smallest denomination Russian coin that’s worth 1/100th of a ruble. At current exchange rates that’s $0.00015, or about 0.015 cents! It’s nothing. And yet each kopek coin is comprised of 1.5 grams worth of copper, nickel, and steel; and the melt value of these metals is worth a hell of a lot more than 0.015 cents. In fact Russian coin dealers have estimated that the metal value of this coin is worth more than THIRTY FIVE TIMES its face value. That’s quite a return on investment. So theoretically $1,000 worth of these coins could be worth more than $35,000 in profit because of the metal value. Now, I’m not suggesting you book a flight to Russia to scoop up and melt down all the coins you can find. But it’s worth pointing out that these sorts of anomalies don’t come around too often. And when they do, it’s important to pay attention."

[HoardCopperByTheTon]

How can I get a few tons of these? I could certainly see adding them to the Hoard.

[coincrazy]

I read the article posted on 0h and it got me interested also

[Copper Catcher]

Highroller sent me a message:

*** Their numbers are way off! The 1 kopek is nickel plated steel and a weight of 1.5 grams per coin.

It would take 614,400 1 kopek coins to make 2000lbs which equals 6144 Roubles. Exchange rate = $96.04 USD.

I am not sure exactly what you would get for scrap prices but I believe it would be around $80/ton

If the coin was made out of anything else I am sure you could make a killing.

[Recyclersteve]

I would think that the price would be prohibitive for separating copper from nickel and steel. Add to that the cost of transportation from Russia. It sounds like it would be hard to justify. Am I missing something?

[AGgressive Metal]

Obsolete coins from many countries that are nickel, copper, CuNi, brass, etc ARE bought/sold by the ton by brokers to refiners. To get in on the action you'd have to know the right people, be willing to pay very close to scrap value, and willing to deal with US Customs and have your own warehousing/transportation. In short, very tough! US Penny is still KING for domestic base metal coin stackers, even though its still illegal to refine.

[TheJonasCollegeFund]

Obsolete coins from many countries that are nickel, copper, CuNi, brass, etc ARE bought/sold by the ton by brokers to refiners. To get in on the action you'd have to know the right people, be willing to pay very close to scrap value, and willing to deal with US Customs and have your own warehousing/transportation. In short, very tough! US Penny is still KING for domestic base metal coin stackers, even though its still illegal to refine.

That sounds like a freakin' cool operation to watch! Any links???

[Recyclersteve]

Obsolete coins from many countries that are nickel, copper, CuNi, brass, etc ARE bought/sold by the ton by brokers to refiners. To get in on the action you'd have to know the right people, be willing to pay very close to scrap value, and willing to deal with US Customs and have your own warehousing/transportation. In short, very tough! US Penny is still KING for domestic base metal coin stackers, even though its still illegal to refine.

That sounds like a freakin' cool operation to watch! Any links???

Great idea! A link would be really nice- if it is not too much of an invasion of privacy.

[AGgressive Metal]

This is mostly done in Asia I doubt they care any more about filming it than they do melting a copper pipe, to be honest. So far as in the US most refiners are semi-secretive for whatever their reasons.