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Dave_Mack Offline 145 posts Administrator ![]() Reply |
I remember when our pennies used to be made out of copper. Check this out!
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AuTSaurus Offline 98 posts Reply |
Hmmmm... This morning's opening low was $3.7315 U.S. @ 1 LB... With copper considered a base metal, does anyone know what the trading standard is, Troy Ounces or Avoirdupois Ounces? Thinking...way down the road... Greg |
markB Offline 143 posts Reply |
Copper is usually quoted by the pound. Copper, being a precious metal should be quoted in troy. I've also done a search and found quotes for troy and Avoirdupois ounces. But no matter which you use (12 or 16 per pound)for the coins on the link above you'd be paying over $15.00 a pound. I got a hundred pounds plus of copper pennies I'd part with for alot less....ha!
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aunuts Offline 171 posts Reply |
When buying gold or silver coins I usually pay melt value (spot) plus a point or two. These guys want melt plus %100. Not a good deal. Pretty rounds though.
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