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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (15320)	6/15/2004 10:06:15 PM
From: sciAticA errAticA	Read Replies (2) \| Respond to of 110194

re: which US coin in circulation has the highest value of base metal? I'd heard that, earlier this year: pennies approached or exceeded more than $.01 of zinc and nickles approached or exceeded more than $.05 of copper

To: Wade who wrote (15320)	6/16/2004 10:03:05 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

The easiest and preferred way to trade this is to open a commodities account and buy futures, I'd say the Dec. as they are in backwardization (cheaper). Each contract is 25,000 lbs, very liquid, good market. I don't think you want to own physical, because I see this developing as a spike, that you will sell into. tradefutures.cc The LME and Comex inventories located on this page, are now down to about 231,000, translate, extremely low. Copper trading at 1.15 is odd beyond belief, Chinese slowdown or not. There's going to have to be price rationing soon, as this drains away. kitcometals.com

To: Wade who wrote (15320)	6/16/2004 10:24:48 AM
From: Horgad	Respond to of 110194

I believe the old copper pennies (pre 1982) are the most valuable coins that are still in circulation. They are 95% copper and 5% zinc and weigh 48 grains or about 3.11 grams. There are 453.59 grams in a pound. So it takes about 146 pennies to make a pound. Copper is what about 1.17 a pound and zinc is .45 a pound? So $1.46 worth of old pennies would contain about $1.11 worth of copper and about $.02 worth of zinc. New pennies are about 97.5 percent zinc and only weigh 2.5 grams. So not even close yet to break even. Nickles are 75% copper and 25% nickle and weigh 5 grams. So it takes about 91 to make a pound. So $4.55 woth of nickles would contain about $.88 in copper and ?? worth of nickle. pennies.org usmint.gov