Economics of melting (assuming ban is lifted)
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Economics of melting (assuming ban is lifted)
by aaa30040 » Sat May 07, 2011 4:00 pm
What is one pound of copper pennies worth assuming the melting ban is lifted and copper is trading at $5?
buying wheat pennies at $0.03 delivered - send me a note if you are selling
buying copper pennies at $0.014 delivered - send me a note if you are selling
buying copper pennies at $0.014 delivered - send me a note if you are selling
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Re: Economics of melting (assuming ban is lifted)
by VWBEAMER » Sat May 07, 2011 5:13 pm
$3.50
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Re: Economics of melting (assuming ban is lifted)
by highroller4321 » Mon May 09, 2011 12:10 pm
I would guess around the $4.40 range. It should bring #2 scrap or maybe #1 scrap depending on the place you get rid of it. Foundries who like the mix will also pay more than scrap for it.
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