Doesn't look like a good deal to me - 10 lbs is about $15. face value - melt value today is 2.1 cents, and they are paying free shipping for less than 2 cents per penny which really means you are selling for maybe 1.7 cents each.
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Official ODT Silver Thread
- Thread starter roscoe1911
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Doesn't look like a good deal to me - 10 lbs is about $15. face value - melt value today is 2.1 cents, and they are paying free shipping for less than 2 cents per penny which really means you are selling for maybe 1.7 cents each.
I think we are Discussing the practicality of selling pennies and not advertising them for sale here. And to add to my prefious post, as inflation continues and prices continue going up, prices will soon be rounded off to the nearest nickel and we should then be able to melt our pennies. I think it is costing the government more than one cent to coin a penny.
ya I wouldnt pay that either. just showing that folks are buying and selling it
bam. all I was mostly hinting at lol
it in fact does cost more to manufacture 1 cent coins than its worth, Canada itself has stopped and actually bought back a lot of the copper if I'm not mistaken. not that it will offer a windfall or be worth the value of silver coinage but if I find copper pennies I do bother to sort them out
Anyone buy any lately? Ive got an order from apmex pending on some canadian silver
Just a few here and there. A little normal stacking and a few special rounds. Prices have been a bit too high for me lately and it's up this morning.
