northlake (OP)
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July 18, 2012, 09:51:37 PM |
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$10 face in pre-82 US pennies, for 2.25 BTC (shipping to continental US is included in that price, local pickup in Lansing, MI for 1.8 BTC).
Based on $3.4537/lb copper price, these have a melt value of $22.4955.
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silverbox
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July 18, 2012, 11:00:31 PM |
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Hand sorted?
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northlake (OP)
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July 18, 2012, 11:22:17 PM |
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yep, 100% US pennies, no canadians.
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silverbox
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July 18, 2012, 11:39:28 PM |
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Nice, a few years back I hand sorted $50 of pre '82s at night while I watched TV.. lol. Then I got bored  |
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dunand
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July 18, 2012, 11:46:57 PM |
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Why would anyone pay 2.25BTC or $20.82 for $10 of pennies when the melt value is $22.50? I will cost a lot more than $1.68 to melt and sell the copper.
You can get pennies for melting for 1.5X face.
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northlake (OP)
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July 19, 2012, 12:07:02 AM |
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1.5x face with shipping included?
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Cablez
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I owe my soul to the Bitcoin code...
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July 19, 2012, 12:30:39 AM |
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Just curious, isn't it illegal to melt pennies?
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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ElectricMucus
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Marketing manager - GO MP
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July 19, 2012, 12:33:32 AM |
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Yes and you can even get prison for it if you are dumb. Not for that amount... I don't really get the whole resource scraping thing... heck there are people buying old pcbs for the gold ruining their lungs with toxic fumes  |
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northlake (OP)
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July 19, 2012, 01:14:47 AM |
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It is illegal to melt. But copper is copper, and it might not be illegal forever (if pennies are discontinued, in the case of societal breakdown, etc.)
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rjk
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1ngldh
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July 19, 2012, 01:29:19 AM |
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It is illegal to melt. But copper is copper, and it might not be illegal forever (if pennies are discontinued, in the case of societal breakdown, etc.)
Or if you run a forge in your backyard with a leafblower and some charcoal.  |
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Cablez
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I owe my soul to the Bitcoin code...
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July 19, 2012, 01:38:58 AM |
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Ah I get it, hush hush and all that.  |
Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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Fjordbit
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July 19, 2012, 03:25:42 AM |
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Just curious, isn't it illegal to melt pennies?
It's bullion, you don't have to melt it to resell it. Unless you're making a copper pipe, why would you bother? Do you melt your gold before you sell it? |
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Cablez
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I owe my soul to the Bitcoin code...
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July 19, 2012, 12:16:04 PM |
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I guess the thinking goes that the copper is worth more as something else than $10 in pennies.
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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