coppernickel wrote:AGCoinHunter wrote:So a ton is approximately $3040.00 worth of cents? Man I got a long way to go...
HoardCopperByTheTon wrote:I think most of us just use $3,000 face per ton for copper cents. That's the way I buy them if buying by weight.
I think any amount you can't actually lift is respectable. Thowing out your back by trying to lift too much is not respectable.
So 1 Pound of copper is $1.55, but a ton is $3000.00.
Not sure where you came up with the $1.55 figure. $3,100 divided by 2,000 is $1.55, but...
Copper is currently right at $3.00 a pound which means that 2,000 pounds is currently worth $6k.
Even with copper being worth $6k a ton, I have nowhere near a ton (more like 300-400#). Frankly, for base metals I'd rather have a large quantity of Canadian .999 nickels than copper. A ton would be worth a lot more, even though it would still occupy a lot of space. A ton of silver would be a better goal in my mind (let's say it is worth about $391k with silver at $16.29/oz.). I couldn't live comfortably off the value of the silver at current prices, but in the event of a price explosion there is a very real chance that a ton of silver (or perhaps even much less) could potentially help me live the rest of my days reasonably comfortably. I'm nowhere close to a ton by the way. But at least a man can dream- and work toward achieving that dream...