[s-cars] NAC, thoughts on copper prices

[Robert Myers]

One problem, Dave.  The penny isn't all copper.

At 02:13 PM 6/5/2006, djdawson2 at aol.com wrote:
>I guess I'm a little behind... but I'm doing some remodeling on my 
>home.  Off I go to Home Depot to buy a 250ft reel of 12-2 
>wire.  $102!?  So, I'm told that copper prices have gone through the 
>roof (probably following the oil company business model).  The 
>current price for scrap copper is now at $3.72 per pound.
>
>This gets me thinking... what does 372 pennies weigh?  So, off to 
>the super accurate and recently purchased refrigerant scale.  Turns 
>out that 372 pennies weighs in at 2.1204 pounds.  In other words... 
>372 pennies turns out to be worth $7.89 on the scrap copper 
>market.  This is a large return on investment.  Anybody want to go 
>into the penny melting business?
>
>Dave
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