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Dilemma with Cu

PostPosted: Mon Oct 04, 2010 8:26 pm
by frugalcanuck
I have access to scrap electrical wire. What would be better... Sorting cents or stripping wire? Ive also been taking just the bare grounding wires so there is no stripping involved for some.
Stripping wire is not as enjoyable as sorting pennies but it looks better (shiny) and is free. Im pretty sure its .999 Cu as opposed to .980 for us Canadians.

Oh what a dilemma.

Re: Dilemma with Cu

PostPosted: Mon Oct 04, 2010 8:36 pm
by Shattered
As of now cents are mostly just for holding on to for the long term. Yeah, some sell but they don't make nearly as much as they are intrinsically worth. You can take wire right now to a scrap yard and get money for it without having to hold on to it.

That is one way to look at it.

Re: Dilemma with Cu

PostPosted: Mon Oct 04, 2010 8:47 pm
by misteroman
free is good. grab it while you can!!!

Re: Dilemma with Cu

PostPosted: Mon Oct 04, 2010 8:54 pm
by bman
take the scrap and cash it in, use that cash to buy pennies to sort later when they are not readily available.

Re: Dilemma with Cu

PostPosted: Thu Oct 07, 2010 8:19 pm
by AlexTG
bman wrote:take the scrap and cash it in, use that cash to buy pennies to sort later when they are not readily available.


My thoughts exactly.

Free > pay

Re: Dilemma with Cu

PostPosted: Wed Oct 13, 2010 10:26 pm
by giddyup99
I'd do both. I got a whole bunch of wire I haven't gotten to yet. If its free you can't turn it down.

Re: Dilemma with Cu

PostPosted: Wed Oct 13, 2010 11:54 pm
by ScottyTX
Sort and strip, sort and strip. Repeat as necessary. I have always wondered if hoarding pure copper in any form would be a good/better Idea too. "Currently" copper wire is more of a tangiable asset is it not? Oh well I'll stick to my copper pennies, I don't see any mounds of copper wire laying around outside the yard or in the bank parking lot :) I did manage to pick up around 500 lbs #2 at one point but I'm not longer working in that location, what a shame they quickly turned into something else shiny.

Re: Dilemma with Cu

PostPosted: Thu Oct 14, 2010 2:50 pm
by bman
ScottyTX wrote:Sort and strip, sort and strip.


I don't even want to know why you sort naked..... :oops:

Re: Dilemma with Cu

PostPosted: Tue Oct 19, 2010 2:13 am
by TwoPenniesEarned
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson

Re: Dilemma with Cu

PostPosted: Tue Oct 19, 2010 2:30 am
by Sheikh_yer_Bu'Tay
bman wrote:
ScottyTX wrote:Sort and strip, sort and strip.


I don't even want to know why you sort naked..... :oops:


Hahahahahaha!!!! :lol:

Re: Dilemma with Cu

PostPosted: Wed Oct 20, 2010 8:24 pm
by Sheba
Love to have your 'dilemma' :!: :!: :!:

If you have access to copper wire, get all you can! When you have enough weight to make it worth while, go to the scrap yard or wherever and sell. (I suspect that copper is probably going to continue on an uptrend over the next months/year or so...maybe longer).

Then use the money to buy and store pennies .... I know others have suggested this too. Just addin' my 1 copper cent worth :)


Sheba

Re: Dilemma with Cu

PostPosted: Thu Oct 21, 2010 9:59 am
by frugalcanuck
The plan at the moment is to ask the local gold smith if I could get them to melt the wire into 10lb and 25lb barbell plates in exchange I will give them some copper. When I was talking to them they mentioned their need for copper. I have materials they want and they have the skills and tools that I would like. I will let the forum know if it is successfull. Im going to wait untill I have enough copper to make it worth while if it is possible.