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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 @Lorgar @DoubleD
You get 25 pennies for every quarter and pennies are supposed to have a higher percent of copper than quarters
If you save pennies and get rolls of pennies from banks then that is more copper per dollar than getting rolls of quarters from the bank
@Twothousandshadows @Lorgar @DoubleD
"But in the weird world of penny hoarding, getting to the copper is a very big problem. It's illegal to melt pennies an there is an obscure federal law that makes it illegal to transport more than $5 in pennies out of the country."
https://abcnews.go.com/Business/laws-change-penny-hoarders-cash-thousands-dollars/story?id=15076522
@shortstories @Twothousandshadows @Lorgar If you're hearing about something in the mainstream media, it's not profitable for individuals to do.
@Twothousandshadows @Lorgar @DoubleD
"Henry is only interested in those that are dated from 1982 and earlier because those are the coins made with 95 percent copper. A copper penny is worth more than other pennies -- now mostly made of zinc -- currently priced at $0.024."
"he can sell a $100 worth of pennies for $176, when shipping and packaging are included."
https://abcnews.go.com/Business/laws-change-penny-hoarders-cash-thousands-dollars/story?id=15076522