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Our coins (quarter, nickels, dimes, pennies) are made up of roughly 91% copper, 9% nickel.
If you do the math roughly 5.5 quarters equal about a ounce of copper, at this time a single ounce of copper costs $3.10
SO WHAT DOES THAT MEAN IN $ ??
roughly $1.25 in quarters = is $3.10 in copper.
Roughly $1.00 in quarters = is $2.48 in copper.
Roughly $0.75 in quarters = is $1.86 in copper.
Roughly $0.50 in quarters = is $1.24 in copper.
Roughly $0.25 in quarters = is $0.62 in copper.
@Twothousandshadows The problem is, it's more expensive to process the quarters sufficiently to get the copper than it is to just buy the copper
@Twothousandshadows I encourage you to look into the cost of processing coinage chemically or via smelting for its base materials. I predict that you will find that the money and time you invest into the process is at best equivalent to the profit you would gain from doing so.
To your point: if the cost of acquisition > x3 the value, you won't turn a profit. It doesn't matter how much the intermediary step is worth if the net is negative.
Unless you're betting that the actual coinage will be less valuable than the metal in the near future.
@Twothousandshadows
@DoubleD I’m not familiar with the process but I can’t imagine x3 in value can’t turn a profit.