Do you recycle copper pennies?

**Copper Head** · 11-03-2012, 04:40 PM

I am sure with the ease of creating smelters some people melt the coins . What I have been trying to do research on is how much copper is turning in to bullion each month, A thirst for copper is showing on e - bay. What I have found is copper that will melt with lower oxidation and dross / pipes # 1 is what is purchased with excitement. Copper that has been cleaned by means of fire seems less desirable as I feel burnt copper must have higher loss during smelting . Wile there is a art to cleaning copper wire with fire to leave unharmed . e bay customers shy away from it. On E Bay pennies can be sold with 100% success - so are the purchasers smelters or hoarders ? I spoke to a individual who purchased some CU
from me he said he had a small shredder,so he also wanted #1 casing wire from me. (no point selling i felt) For sure some thing is going on out there, wire is 99.999 % pure .
Any way as long as Wall Mart and others sell there stuff for $89.99 like its not $90 - we need pennies . To eliminate pennies we would need a magic price number on goods and take the % of tax into account to eliminate the need for pennies . Since the mint knows enough people do melt pennies - mostly Zinc pennies are here to stay.

**Otto** · 11-03-2012, 04:49 PM

Originally Posted by Copper Head

As long as Wall Mart and others sell there stuff for $89.99 like its not $90 we need pennies . To eliminate pennies we would need a price structurer on goods to allow it and take the % of tax into account.

I believe the last new Canadian pennies were minted this past summer. You can still use them if you have them. In the future, if you don't have them and are paying by cash, you'll simply round up or down to the nearest nickel. Credit and debit transactions will still be to the cent.

**Copper Head** · 11-03-2012, 05:56 PM

Originally Posted by Otto

I believe the last new Canadian pennies were minted this past summer. You can still use them if you have them. In the future, if you don't have them and are paying by cash, you'll simply round up or down to the nearest nickel. Credit and debit transactions will still be to the cent.

That is a loss , with the implication that one day all cash could be gone (some day) If a store wants to round down fine but don't be rounding up on my money , the day I start losing .04 per sale day after day - no way , like stores wont figure a way to price so the rounding happens at our expense. Think what i say is only a penny well don't we all make money on .07 cents per LB
can you imagine Wal mart making an extra .03 per cash customer

About a month ago I was at a Macdonald's at about 9:30 PM & sure enough ( careless )
a management sales query 24 hr day receipt was sitting on the counter near register
the gross for the day ending at 9:00 was more then $3800 . Those big companies better not be rounding up on me.

**Otto** · 11-03-2012, 06:07 PM

Originally Posted by Copper Head

the day I start losing .04 per sale day after day - no way , like stores wont figure a way to price so the rounding happens at our expense.

The rule will be to round to the NEAREST nickel. For example, 1 or 2 cents round down, 3 or 4 cents round up. This is fair to both buyer and seller.

**Copper Head** · 11-03-2012, 06:46 PM

Originally Posted by Otto

The rule will be to round to the NEAREST nickel. For example, 1 or 2 cents round down, 3 or 4 cents round up. This is fair to both buyer and seller.

100,000 customers @ .01 = $1000 business in the know will figure a way to have a round up at our expense. A Wall Mart by me has enough business per week that a mathematically engineered round up would be $ 10,000 per month $120,000 per year
all from the lowly penny what about Lowes home depot ECT. Those bean counters will find a way to take the penny .

**Otto** · 11-03-2012, 07:11 PM

Originally Posted by Copper Head

100,000 customers @ .01 = $1000 business in the know will figure a way to have a round up at our expense. A Wall Mart by me has enough business per week that a mathematically engineered round up would be $ 10,000 per month $120,000 per year
all from the lowly penny what about Lowes home depot ECT. Those bean counters will find a way to take the penny .

LOL, I think you're getting paranoid there. My guess is the final digit in the sales total is pretty much a random event, that is, it's equally likely that it would be 0 through 9. I don't see how a store could rig the final digit in the total when they have no control over the number of individual items you're buying. Where the stores do screw you though, is where you're not looking. My personal expertise is with flooring. The big box stores often have big discounts on flooring, where it's fairly easy for consumers to comparison shop. At the same time they make outrageous margins on accessories like moldings, glue and fasteners.