Pre-1982 (copper) pennies.

[bluefirecorp]

Dude, check this out.
http://www.youtube.com/watch?v=OC8ABm2Tz5c&feature=related
Doesn't look like to much effort to mock up with household materials.

I sort faster than that by hand. I have a grams scale that I toss the penny on. It's already balanced out for a normal penny. So, if the weight is greater than say .20 grams, it's copper. Canadian pennies are around about .3-.4 while copper pennies are about .5 grams heavier. Only takes 2-3 seconds per penny for me to do it.

Again, that type of machine would put both CAD pennies and USA pennies in the same box/part...which is bad. My system allows me to sort all those out. I even can grab the wheat pennies. If someone wants to fund me with about 50 dollars or something, I can run to the bank today, grab a box of pennies and sort them all out (and record it).

https://store.usps.com/store/browse/uspsProductDetailMultiSkuDropDown.jsp?categoryNavIds=catGetMailingShippingSupplies%3asubcatMSS_B%3asubcatMSS_B_Free&categoryNav=false&navAction=push&navCount=31&productId=P_LARGE_FRB&categoryId=subcatMSS_B_Free

15 dollars to ship as many pennies as that box holds.

If you are paying 2 dollars per lbs of copper, and it's current value is 3 dollars, even with shipping charges, you are still making a bunch of money on the transaction.

[1715507287]

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[Tomatocage]

Bluefirecorp, any relation to BlueCorp/ReallBlue?

[bluefirecorp]

Bluefirecorp, any relation to BlueCorp/ReallBlue?

None at all.

[bluefirecorp]

Shameless bump.

[Electricbees]

Every time I feel the desire to buy some rare earth bullion, I realize that with all the news about mining asteroids, that at some point, we are probably going to do it, and when we do, all metals prices will go down. ESPECIALLY over-inflated precious metals, and not so especially ones with heavy industrial applications.

On a side note, what if everyone decided to cash out their savings into pennies at banks? Would that make copper pennies worth a sizable amount more than they are now, as scrap?

I still can't tell if I'm even contributing to this thread... 

[silverbox]

I buy $100 boxes of nickels from time to time and stack them.. 

If I get enuf to buy a new car, I'll probably need 2 pickups to take them all to the dealership

[bluefirecorp]

Every time I feel the desire to buy some rare earth bullion, I realize that with all the news about mining asteroids, that at some point, we are probably going to do it, and when we do, all metals prices will go down. ESPECIALLY over-inflated precious metals, and not so especially ones with heavy industrial applications.

On a side note, what if everyone decided to cash out their savings into pennies at banks? Would that make copper pennies worth a sizable amount more than they are now, as scrap?

I still can't tell if I'm even contributing to this thread... 

I highly doubt that they'll be mining copper from asteroids in our lifetimes.

[nimda]

http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&item=130479399867#ht_2015wt_1270

I wanted one as I have about $250 worth of pennies in my room. A tad expensive though.

Yes and no. Have to manually feed it..so a bit slow.

Also, it doesn't separate out CAD pennies..which would be illegal to melt down in Canada.

Im in Canada, and pennies up to '96 are 98% i think. Got boxes of it in my room.

It's not the copper content, it's the fact that if someone wants to take all my pennies across the border [you can carry 1 million pennies on you legally (~6300 lbs of copper)] and melt them down, they can't melt the CAD pennies. They can melt the American pennies for the copper content, but not the CAD pennies. Same in America, if you have a bunch of copper CAD pennies, you can melt them in America, but not American pennies.


(Text as of 2/19/02) 18 U.S.C. §331:
Whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales or lightens any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States; or whoever fraudulently possesses, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or brings into the United States, any such coin, knowing the same to be altered, defaced, mutilated, impaired, diminished, falsified, scaled or lightened - shall be fined under this title or imprisoned not more than five years, or both. (Emphasis added.)


It says bringing coins INTO the United State to be mutilated, not exporting them.
So, you can't bring me a ton of Canadian pennies

IANAL, but the reason that penny presses are allowed at major attractions is because of the word "fraudulently."

[Electricbees]

I highly doubt that they'll be mining copper from asteroids in our lifetimes.

Well, I still have 60 years of lifetime left, at least... I think it's plausible.

In the next five to ten years? The odds are zero, if not infinitesimally small.

I don't think much technology is needed to travel to an asteroid with a propulsion vehicle, attach it, and direct an asteroid to our moon to be mined. The time and money required, however, would be astronomical. (punny)
Time and money that no single corporation upstart could ever get, ever.

[bluefirecorp]

I highly doubt that they'll be mining copper from asteroids in our lifetimes.

Well, I still have 60 years of lifetime left, at least... I think it's plausible.

In the next five to ten years? The odds are zero, if not infinitesimally small.

I don't think much technology is needed to travel to an asteroid with a propulsion vehicle, attach it, and direct an asteroid to our moon to be mined. The time and money required, however, would be astronomical. (punny)
Time and money that no single corporation upstart could ever get, ever.

The fact of the matter is it's going to cost hundreds of dollars per ounce. Sure, that's rational and business smart for gold/platinum/maybe even silver, but not copper. Copper is still under 1 dollar per ounce here.

[bluefirecorp]

Bump. Someone should at least send me an offer. I can probably get pretty good deals on this sort of thing