How many pennies does it take to make 1 lb? | |
andy thomas User ID: 93381 United States 05/14/2006 02:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 90218 United States 05/14/2006 02:58 PM Report Abusive Post Report Copyright Violation | |
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F.B. Nyte User ID: 18229 United States 05/14/2006 04:00 PM Report Abusive Post Report Copyright Violation | One penny has a weight of 3.11 grams Composition .950 copper. One gram = 0.03527 0z. 1,000 pennies = $10.00 1,000 pennies = 6.5128 pounds copper copper was at 3.84/ lb last quote I saw. So $10.00 worth of pre 1982 pennies,the intrinsic value of the copper of $25.01 BTW 138.5727 pennies are required to extract one pound of pure copper. |
Anonymous Coward User ID: 93300 United Kingdom 05/14/2006 04:03 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 85300 United States 05/14/2006 07:38 PM Report Abusive Post Report Copyright Violation | I had a 1000 rolls of copper penies back in the 80s (cause I thought the price would go up, it didn't), I dumped them at the same price I bought them; one cent each. You stop and think, 1982 to 2006, thats a long time to go without having to bust a piggy bank. But it is a good measure of inflation over 25 years, $1.50 to $4.00 = 266%. And don't forget the dollars you'd get for them in 2006 are themselves worth at LEAST 266% less. This is why saving money has not been popular lately. |
Anonymous Coward User ID: 85300 United States 05/14/2006 07:42 PM Report Abusive Post Report Copyright Violation | |
deepend nli User ID: 33215 United States 05/14/2006 07:43 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 274400 United States 07/29/2007 06:19 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 272574 United States 07/29/2007 06:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 261550 United States 07/29/2007 06:42 PM Report Abusive Post Report Copyright Violation | |
joejones User ID: 274412 United States 07/29/2007 06:48 PM Report Abusive Post Report Copyright Violation | This is not good. Consider the fact the I being an electrician will have to pay a ridiculous price for wire now just as I did a year ago. Now that cost will be sent onto the customer which in turn raises the price for the job and makes the customer think twice and most likley cancel until the price can be lower. Same thing goes for plumbing and Phone/Cable installers. Everything is going to go up. Job market will go down. Work is slow right now as it is and this will make it far worse. Not looking good at all. But the economy is in good shape right? Riiiight....... |
gsbltd User ID: 274436 United States 07/29/2007 08:09 PM Report Abusive Post Report Copyright Violation | Here in KS this summer there was a theft in a house where the owners were gone for an extended vacation; the thieves went in and stripped the entire house of every copper pipe and heavy electrical wire they could get a torch to or cutters around -even tore out walls to gain access. |
EXCALIBUR User ID: 274452 United States 07/29/2007 09:22 PM Report Abusive Post Report Copyright Violation | Here is a site that gives the value of the metals in our coins. [link to www.coinflation.com] |
wing-ed User ID: 152412 United States 07/29/2007 09:29 PM Report Abusive Post Report Copyright Violation | WASHINGTON — The next time someone offers you a penny for your thoughts, you might want to take them up on it. For the first time in U.S. history, the cost of manufacturing both a penny and a nickel is more than the 1-cent and 5-cent values of the coins themselves. Skyrocketing metals prices are behind the increase, the U.S. Mint said in a letter to members of Congress last week. The Mint estimates it will cost 1.23 cents per penny and 5.73 cents per nickel this fiscal year, which ends Sept. 30. The cost of producing a penny has risen 27% in the last year, while nickel manufacturing costs have risen 19%. [link to www.usatoday.com] Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding Yes that scripture still sounds good ! |
Anonymous Coward User ID: 274499 United States 07/29/2007 10:59 PM Report Abusive Post Report Copyright Violation | |
GoodInEverything User ID: 271982 United States 07/29/2007 11:01 PM Report Abusive Post Report Copyright Violation | I have ABSOLUTELY no idea... but I may count sometime if I'm ever feeling bold. User Image: [link to img509.imageshack.us] |
Anonymous Coward User ID: 264344 United States 07/29/2007 11:02 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 274288 United States 07/29/2007 11:09 PM Report Abusive Post Report Copyright Violation | |
wing-ed User ID: 152412 United States 07/30/2007 12:05 AM Report Abusive Post Report Copyright Violation | Wow you people must be broke to be thinking of stuff like this... man... go make some darn money... Quoting: Anonymous Coward 274288Take pennies from the bank to the scrap yard? Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding Yes that scripture still sounds good ! |
oh boy! User ID: 274163 United States 07/30/2007 12:19 AM Report Abusive Post Report Copyright Violation | |
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Ryedale User ID: 307473 United States 10/04/2007 01:31 AM Report Abusive Post Report Copyright Violation | Quoting: oh boy! 274163 It takes about 150 pre 1982 pennies to make 1 pound of pure copper. So $1.50 for something that is worth 3.75 in todays strike price on Kitco. www.kitcometals.com Nice thread here. I collect copper pennies. Have almost a ton now. |
Ryedale User ID: 307473 United States 10/04/2007 01:35 AM Report Abusive Post Report Copyright Violation | Wow you people must be broke to be thinking of stuff like this... man... go make some darn money... Quoting: Anonymous Coward 274288People that think of opportunities like this, are the most likely to become wealthy. I have met millionaires from all over the country who are sorting pre 1982 pennies out of circulation. Peter Schiffs new book "Crash Proof" talks of hoarding them as later they will trade like Pre 1964 90% silver coins. Page 248. |
Geode User ID: 303087 United States 10/04/2007 01:53 AM Report Abusive Post Report Copyright Violation | I have many hundreds of pounds of them as I knew they would be worth a lot more in the future. Once you know how the fiat money masters work, it didn't take a genius to figure out. They also block radiation almost as well as lead, so if there ever is a dirty bomb, or heaven forbid a nuke in my vicinity, I'll stack boxes of them around and on top of my dining table and have a decent fallout shelter (which is more important here in Cali where houses don't have basements). |
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