[urq] NAC, thoughts on copper prices

[Brady Moffatt]

Not that this may be a factor, but isn't it illegal to destroy legal tender?

Now, gotta go check if Canadian pennies are all-copper. Might be an even
better ROI!!

Cheers,
Brady

-----Original Message-----
From: djdawson2 at aol.com [mailto:djdawson2 at aol.com]

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