[s-cars] NAC, thoughts on copper prices

[Mark Strangways]

Ahh Dave.

Pennies have not (at least in Canada) been made with 100% copper in years.
Funny, I JUST took a 5 gallon pail of old copper fittings and scrap pipe to 
the recyclers here.
$185 bucks. We only get $2.80 a pound here.

Looks like I will be taking the next load to Buffalo :-)

Mark
----- Original Message ----- 
From: <djdawson2 at aol.com>
To: <s-car-list at audifans.com>; <urq at audifans.com>
Sent: Monday, June 05, 2006 2:13 PM
Subject: [s-cars] NAC, thoughts on copper prices


>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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