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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 04/09/2010 : 11:55:02
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Since there is a market for copper bullion bars, would it be more profitable to find a local refiner to melt down the copper from wires, etc into bullion vs. being a middle man to the scrap yard and only getting 60 cents to a $1/lb for insulated copper wires?
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/09/2010 : 12:47:26
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| Stupid idea? Was just thinking out loud :-) |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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cpthnsolo
Penny Sorter Member
50 Posts |
Posted - 04/09/2010 : 12:53:08
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quote:
Originally posted by PennySaved
Stupid idea? Was just thinking out loud :-)
It's not a stupid idea, however I'm betting the refiner is going to want too large of a cut to make this feasible. With a large enough order it may be worth it but you'll have to talk to the refiner to know for sure. Good luck :D! |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/09/2010 : 18:42:12
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| Has anyone done this? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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rambo_k9
Penny Pincher Member
USA
106 Posts |
Posted - 07/27/2010 : 18:54:15
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| Bump |
Looking for a great summer read?? Stop by www.glennrambo.com You think the US/Mexican border is bad now?? |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 07/28/2010 : 08:11:59
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First thing to do is strip the wires to get twice as much payout.
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www.londongoldbuyer.com |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/29/2010 : 07:18:46
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quote:
Originally posted by PennySaved
Since there is a market for copper bullion bars, would it be more profitable to find a local refiner to melt down the copper from wires, etc into bullion vs. being a middle man to the scrap yard and only getting 60 cents to a $1/lb for insulated copper wires?
That is an interesting concept. I personally have not heard of any refiners making copper bullion bars. I would not mind finding a place myself that did that, so I could take in my hoarded copper and leave with 20 lb ingots. Easier storage. |
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rambo_k9
Penny Pincher Member
USA
106 Posts |
Posted - 07/29/2010 : 10:39:38
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| Probably much easier to market for profit in the future as well. |
Looking for a great summer read?? Stop by www.glennrambo.com You think the US/Mexican border is bad now?? |
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Scrap copper to refiner vs scrap yard
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