[urq] NAC, thoughts on copper prices

[Ado Sigal]

Strangely, it happen in Italy around '70. Seiko brought all the coins 
made of super bright stainless alloy mix, think it was 50, 100, and 200 
lira coins, and for many years after, Seiko watch casings where made 
from Italian legal tender. In Italy, for many years after, you would be 
given choice of change between wrapped sweets, or lira notes printed on 
something like wrapping paper, which would disintegrate after few folds. 
Fellow citizens, there is your chance, but since Swiss would call it  
financial terrorism am sure, check thoroughly first. Perhaps a little 
foundry in the basement?

Cheers,
Ado

Brady Moffatt wrote:

>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
>
>  
>