Investing In Copper?
1 - 20 of 29 Posts
Joined
·
3,698 Posts
The per-ounce value of copper present in copper pennies is $0.0192296.
One-million copper pennies are worth $19229.60 for the copper value. Not a good deal! Even with the zinc value added in they would be worth only $19493.40. Still not a good deal. (Unless you're selling them at that price.)
http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
One-million copper pennies are worth $19229.60 for the copper value. Not a good deal! Even with the zinc value added in they would be worth only $19493.40. Still not a good deal. (Unless you're selling them at that price.)
http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
Joined
·
6,764 Posts
Ain't that the truth. 7000 lbs.
Joined
·
3,698 Posts
Right on!!!!!:2thumb::2thumb:I have invested in a lot of copper, but it's wrapped around a lead core.
Joined
·
348 Posts
No teflon tip?
Joined
·
1,922 Posts
I like copper, it is used in the mfg. of bronze. I sell bronze for a living and have done quite well at it. I am a commissioned salesman so I make more money for less or the same ammount of work when the price is up. I do question the ammount of copper in a penny,:scratch several years ago they began adding zinc to the alloy in an effort to drive the cost down.
Joined
·
3,698 Posts
These amounts were for "Lincoln" pennies made between 1909 - 1982. I believe the copper content was higher then.
There are tips for Sunday,Monday,Tuesday some for every day of the week. One must dress properly to do a job well. :2thumb:
Joined
·
1,922 Posts
Yea, I bought my 1909 S VDB penny in 1977 for $300.00 and sold it in 2003 for $1,700.00. There was alot more copper in pennies back then. I'd still have that penny today if I didn't get a wife in 2002.
Joined
·
1,922 Posts
Uncle Joe, you can get one for alot less than that at a coin show, but in my youth I was a good adult child of an alcohalic and mine had to be perfect. I mowed lawns, did odd jobs and delivered newspapers all summer to get that penny.No kidding!?
I have one of those penny "books" that run from 1909-1958. It's completely filled except for the 1909 S VDB. Guess I know why now.
Joined
·
22 Posts
Not all 1982 pennies are solid copper. The copper pennies will weigh 3.1 grams while the zinc cored pennies weigh 2.5 grams.
Here copper is always a target for thieves, I think I'll passHere's your chance to own 1 million pre 1983 copper pennies, face value - $10,000, for only $25,000.
Yes, copper will probably increase in value. But 1 million pennies? :scratch
Good buy...
You bought a wife for a penny! Wow...What a deal! :2thumb: I got married 30 years ago and I'm still paying!Yea, I bought my 1909 S VDB penny in 1977 for $300.00 and sold it in 2003 for $1,700.00. There was alot more copper in pennies back then. I'd still have that penny today if I didn't get a wife in 2002.
So is aluminum. Came home to my apartment building and saw two techs working in the cell phone equipment building attached to the main building (we have 3 cell systems operating off of the roof...no problem with signal strength here! :2thumb: ) Seems that some low-lifes stole all the aluminum ground wire attached to the structure. Couldn't have been more than 15-20 pounds worth, but a major pain to replace! :gaah:
Seems like investing in copper would not be a winning investment. The price isn't high enough. It takes quite a bit of room to keep enough to make it worth while. Any amount not mounting to tons would not be worth the effort. With tons you would need a safe place to store it.
1 - 20 of 29 Posts
Join the discussion
