We would like to share with you the best offer that we have found so far for copper pennies if you do not feel like sorting out boxes after boxes to get a reasonable ammount. Or maybe you want to add to your hoard in a quick and easy way. Today we have 10,000 copper pennies that is 100$ face value. According to Coinflation.com on Jan 24th 2012 the Total melt value of 100$ in copper pennies is $249.87.
There are 65.1356 pounds of copper and 3.4282 pounds of zinc in $100 face value of copper cent(s).
Our offer is 188.49$ delevered in the USA. That is over 66$ below spot price!
Lets do a short comparison.
On Dec.20 2011 the copper price is $3.2975 / pound
Here is an offer for one pound of pennies ok but at well ABOVE spot price $8.75 more than double.At that price you can get a nice copper bar for $8.99. Hey they look nice and you can melt them, trade them import and export them right now legaly unliklegaly unlike pennies. But you have to pay a preimum ay them. On our opinion it would make much more sense to get the 10,000 pennies ,which might contian X ammount of wheat pennies. Or just get one pound of wheat pennies already sorted These have melt value from the copper, collectors value becaue they are more and more rare and a bag -could- contain a good one. Not only that they are still insured by the fedreal goverment, so worse case they are worth 1 penny each!