Is Copper Worth Scrapping?|Calgary|Federal Metals (2024)

You can recycle many different materials, but did you know you can recycle copper? Like other metals, there are benefits to recycling this material. You won’t be heading to your regular recycling depot, but you can get rid of any extra copper you have lying around and get paid for it.

If you have copper to get rid of, there are many reasons why it’s worth scrapping. Continue reading to learn more about copper and why it’s worth recycling.

What is Copper?

Copper has been around for a long time, as far back as 5100 B.C. The red-coloured material was the first metal manipulated by humans, and it plays an important role in many everyday objects. You can find copper in many industries because of its high ductility, malleability, resistance to corrosion, and thermal and electrical conductivity.

Copper is the third-most-consumed industrial metal on the planet today; you can find it in many common electronics.

Everyday Copper Uses

Copper has many uses, including:

  • Motors
  • Wiring
  • Radiators
  • Connectors
  • Brakes
  • Piping

You can find copper anywhere from your home, car, computer, or phone; it’s a vital material we use every day. Copper has many uses, but is there value in recycling this material? Why bother scrapping copper?

Why Scrap Copper?

Copper usage is dependent on the recycling and repurposing of this material, and it’s been common practice for centuries. It does not degrade or lose its chemical properties when recycled, allowing continued use of this material in a different form. Recycled copper accounts for around 33% of the world’s copper consumption.

Like other metals, there are significant benefits to recycling copper, including:

  • Solid waste diversion
  • Reduced energy requirements for processing
  • Natural resource conservation

Energy costs are up to 85 to 90% less when processing recycled copper instead of new ore. Copper is non-renewable, so conserving as much as possible can prevent resource depletion in the future, but the world has only consumed approximately 12% of the known copper reserves.

The earth isn’t the only thing benefiting from copper recycling; your wallet does too. Depending on the amount of copper you have and its quality, you can get some money for your scrap. Overall, is it worth scrapping copper?

Is Copper Worth Scrapping?|Calgary|Federal Metals (1)

Is Copper Worth Scrapping?

You may be wondering if copper is worth scrapping; it is.

We need copper for many items we use every day. Scrapping this material allows for it to be used again in a different form. Copper is worth scrapping because:

Its Price is High

If you’re looking for an incentive to scrap your copper, you can fetch a good price depending on the quality and amount you have.

The high demand for copper is what makes it such a valuable material to recycle. You can find non-ferrous metals like copper almost anywhere, from industries like construction to almost all electronics. You can find an estimated 200-400 pounds of copper per ton of printed circuit boards.

The price value of your copper depends on its quality. Copper can be combined with other materials, making it “contaminated.” Scrap considered contaminated typically commands a lower price than pure copper.

While demands can change, copper prices hit an 8-year high in December 2020. Copper can be worth over $4 per kilogram in Canada.

It Can Be Used Again & Again

If you have useless copper lying around your home, scrapping it can be beneficial for the environment.

Copper is so valuable because of its ability to be recycled again and again. It does not degrade during the recycling process, allowing old copper to be repurposed instead of using new material. Old copper uses less energy during processing.

Another benefit of scrapping your copper is preventing unnecessary waste. Instead of sitting in your garage or a landfill, someone can reuse your old copper.

Copper is in many things, but you may not even know what appliances contain this material. If you’re looking to scrap stuff lying around your garage, what kind of copper can you recycle?

What Kind of Copper Can You Scrap?

It can be difficult to figure out what kind of copper products you can scrap. If you’re looking to recycle copper you have lying around; you can bring any of these items to your recycling centre:

  • Stripped wire
  • Piping
  • Turnings
  • Bar stock
  • Sheets
  • Insulated wire
  • Radiators (clean or dirty)

If you’re unsure if the copper you have is scrapable, contact your local recycling centre. They can answer any questions you have.

Copper is Worth Scrapping

Whether you’re doing it for the environment or some extra money, copper is worth scrapping. You aren’t limited to copper; you can recycle any ferrous or non-ferrous metals you have. You can get rid of waste from your property while lining your pockets.

If you’re unsure if your copper is acceptable or you have any questions, give your local recycling centre a call.

Is Copper Worth Scrapping?|Calgary|Federal Metals (2024)

FAQs

What is Canadian copper worth? ›

Commercial Clients, please call (905) 362-0490 for rates.
Commodity - Updated Feb/9/2023Price ($CAD)Unit
COPPER & BRASS
COPPER BARE BRIGHT$4.95Per lb
COPPER #1$4.85Per lb
COPPER #2$4.55Per lb
44 more rows

What kind of copper is worth money? ›

Copper
CopperPrice/lb.
Bare Bright Wire (stripped/shiny)$3.50
#1 Tubing (clean tube/ clean fine wire)$3.40
#2 Tubing (paint/solder/burnt wire)$3.25
Tin Plated (wire/bus)$3.25
4 more rows

How much is a pound of copper worth? ›

The price shown is in U.S. Dollars per pound. The current price of copper as of February 23, 2023 is $4.17 per pound.

What is the most valuable copper to scrap? ›

Bare bright copper is by far the first among the types a scrap dealer would like to find. Also referred to as “bright & shiny copper,” it is the most valuable and high-paying grade around.

Are Canadian pennies 100% copper? ›

The one-cent coin has evolved over the past century. Once pure copper, its metal composition has been changed often, due to a flux in the value of metals. Today the standard composition is 94 percent steel, 1.5 percent nickel and 4.5 percent copper-plated zinc.

Are Canadian copper pennies worth anything? ›

While no Canadian pennies have been minted since then, it's still technically legal tender. But there's hardly any demand, and most stores round their prices up or down to 5 cents. The coins officially exited circulation in 2013, though lots of Canadians still have hoarded pennies at home.

What is considered dirty copper? ›

This is characterized by miscellaneous, unalloyed wire or solid metal with solder or other coatings such as paint. #2 Copper includes dirty copper metal with a 94-96% copper composition and should be uninsulated and with a 16th-inch diameter.

What is the difference between #1 and #2 copper scrap? ›

What is #2 copper? Unlike #1 copper, #2 copper's appearance is dirty and consists of miscellaneous unalloyed wire, pipe or solid metal that continues to have solder, paint or any kind of coating on it. Number 2 copper can be found in old televisions and household appliances.

How much is 10 lb of copper worth? ›

2 ... Current copper spot price is ~$2.41/lb. These 10 1lb bars are worth ~$24.10, but the price is more than $100.

What is the highest copper has been per pound? ›

Historically, Copper reached an all time high of 5.02 in March of 2022.

How much copper is in a penny? ›

The penny is 97.5 percent zinc and 2.5 percent copper.

How many feet of copper does it take to make a pound? ›

For example, 50.59 feet of 12-gauge wire weighs one pound, and 80.44 feet of 14-gauge wire weighs one pound of bright #1 copper after it is stripped. ROMEX wiring weighs 164 pounds per 1,000 feet.

Is it worth stripping copper wire? ›

If you chose to strip it, you will end up with 90 pounds of copper don't forget 10 pounds in plastic waste and in today's market you will get $1.90 per pound for stripped copper wire so your 90 pounds will net you $171.00 difference of $21.00 between stripping it or selling the way it is, just want to mention one thing ...

Can you burn copper wire to strip it? ›

Copper wire stripping warnings

First things first, the one piece of information we want to you take away from this article is that you should never strip the insulation off scrap wire by burning it or excessively heating up the insulation to remove it from the copper.

Is copper worth more than a penny? ›

It turns out all pennies with a date of 1981 or earlier were made from nearly pure copper, which means they are actually worth three times their face value - three cents. That probably isn't too impressive, but that's just the start.

Can you melt down Canadian pennies? ›

Melting Coins

11 (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.

What years were Canadian pennies made of copper? ›

Penny production moved to Canada in 1908, when the Ottawa branch of the Royal Mint opened. Countess Grey, the wife of Canada's governor general at the time, struck the first penny at the mint's official opening on Jan. 2. Until 1997, the penny's composition was at least 95.5 per cent copper.

What pennies are 95% copper? ›

It is a well known fact that pennies minted from 1982 and back are made of 95% copper.

What is the most expensive penny Canada? ›

The 1955 No shoulder fold is one of the rarest Canadian pennies ever struck. A few 1955 pennies were mistakenly struck with the older design dies. These have sold for up to $5,500 CAD at auction.

Are Canadian pennies copper or zinc? ›

2000 – present* *Note: Since 2000, the 1-cent coin can be produced using either the copper-plated steel or copper-plated zinc compositions.

Is Touching copper toxic? ›

Copper in its metallic state has no effect on the skin and it becomes a potential irritant or allergen when it is corroded to become soluble through the action of exudates encountered on the skin surface, or in a relatively corrosive physiological environment such as the oral cavity or the uterus3.

What is considered No 1 copper? ›

1 copper consists of clean, untinned, uncoated, unalloyed copper wire and cable, not smaller than No. 16 gauge. No. 1 copper also can consist of clean, unsoldered copper tubing and clean copper solids/punching.

How can you tell if something is 100% copper? ›

Look at the color

While its surface should give you some clues, you can find out more if you clean it first. Rub the item with a mix of salt and vinegar, then wait for the area that you've cleaned to oxidize. If it turns green, you can be pretty sure it's copper.

What is number 3 copper? ›

#3 Copper. The lowest grade of copper, having the lowest scrap copper price, #3 includes thin gauged copper sheet as well as copper materials with a high level of solder and/or paint contaminants.

What does #2 copper weigh per foot? ›

Copper Tube Weights
Type K
Nominal Size (inches)Actual Outside Diameter(inches)Weight (lb/ft)
22 1/82.06
2 1/22 5/82.92
33 1/84
14 more rows

How many 95% copper pennies are in a pound? ›

The amount of copper in a penny is (95% of 3.11 grams) \approx 2.95 grams. The amount of copper in a pound of copper is 454 grams. Therefore, the number of pennies in a pound of copper is \frac{\text{grams copper in a pound}}{\text{grams copper in a penny}} = \frac{454}{2.95} \approx 154.

How big is a 1 pound copper bar? ›

5.13 x 2.5 x 0.25 inches

How much does a 55 gallon drum of scrap copper weigh? ›

About 475lbs per 55 gallon drum.

Is copper going to skyrocket? ›

The price of copper has continued to rise and is nearing a high not seen since June 2022.

What is a pound of copper worth 2022? ›

The current cost per pound of copper as of February 2022 is $4.45.

Why is scrap copper so low? ›

Copper discoveries are down. Analysis from S&P Global shows a downward trend in new copper discoveries over the last decade. In other words, miners aren't finding as much copper ore as they used to. A slowdown in supply of virgin materials makes existing copper even more valuable.

Can I melt down pennies and sell the copper? ›

It is not illegal to melt, form, destroy, or otherwise modify US coins, including pennies, unless the objective is fraudulent or with the intent of selling the raw materials of the coins for profit. Projects that use coins as materials are entirely legal in the United States.

Why is a 1982 penny worth $10000? ›

Why is a 1982 penny worth $10000? So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years.

Are all 1982 pennies 95% copper? ›

If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.

How much does 2 inch copper weigh? ›

Table 14.2b. Dimensions and Physical Characteristics of Copper Tube: Type L
Nominal or standard size, inchesNominal dimensions, inchesCalculated values (based on nominal dimensions)
Outside diameterWeight of tube only, pounds per linear ft.
22.1251.75
2122.6252.48
33.1253.33
16 more rows

How many pounds is 500 feet of copper wire? ›

Helpful? A: Our 500 ft. 1/0 Black Stranded CU SIMpull THHN Wire is 19.75 in (length) x 19.75 in (width) x 13.75 (height) and weighs about 195.01 lbs in total.

How much does a roll of 1 inch copper weigh? ›

A: One pipe weighs 30.45 pounds.

How much copper is in a 100 foot extension cord? ›

Did you know that copper is the main raw material that makes up an extension cord? There are almost 7 pounds of copper in a 100-foot extension cord!

What is the easiest way to strip copper fast? ›

A much easier solution to strip wire quickly and easily is to use a lighter. To use a lighter to strip copper wire simple hold the wire a couple of inches back from the end, run the flame along the wire for a couple of seconds and then, before it has time to cool down, pinch the insulation and pull.

Where to find big copper wire? ›

Remodel and demolition sites are prime spots for scoring some extra scrap copper. One of the most valuable things you can look for at these sites is electrical wire. If the electrician isn't scrapping the wire, ask if you can take it off their hands.

What happens when you strip a wire in a hole that is too small? ›

It is important to match the size of wire to the correct notch in the stripper. If the notch is too large, the wire will not get stripped. If the notch is too small, there is a risk of damaging the wire. Using an undersized notch means the strippers will close too far, digging into the wire underneath.

What if I have a 1943 copper penny? ›

All the 1943 copper pennies from the Denver mint will sell for many dollars. At a G-4 rating, it can sell for at least 100,000 USD. You'll earn around 150,000 USD if the coin is in a fine state. PCGS rates them as having the best price of 1.5 million dollars in their highest mint state.

How much is a 1943 copper penny worth? ›

The 1943 copper pennies are one of the most valuable ones. At auctions, the average price of a 1943 copper penny ranges from as low as $100,000 to $250,000 in average condition. At PCGS (Professional Coin Grading Service), the graded 1943 copper penny can be valued from $1 million to $1.5 million.

How much is 10 lbs of copper pennies worth? ›

One modern US penny weighs 0.088 ounces. That means it would take approximately 1,818 pennies to weigh 10 pounds, which would be worth 18 dollars and 18 cents.

What is the most valuable mineral in Canada? ›

Canada's top five mineral products by value in 2021 were gold ($13.7 billion), coal ($8.0 billion), iron ore concentrates ($6.5 billion), potash ($4.8 billion) and copper ($4.5 billion).

What is a Canadian copper? ›

Canadian Copper is a newly formed exploration and development company focused in New Brunswick. Canadian Copper has entered into an option agreement to acquire a portfolio comprised of 5 properties in the well-known Bathurst Mining Camp, New Brunswick from strategic partner Puma Exploration Inc.

Who is the largest copper producer in Canada? ›

Here are the five largest copper mines by production in Canada, according to GlobalData's mining database.
  1. Highland Valley Copper Mine. The Highland Valley Copper Mine is a surface mine located in British Columbia. ...
  2. Gibraltar Mine. ...
  3. Copper Mountain Mine. ...
  4. Mount Milligan Mine. ...
  5. Red Chris Mine.
Jun 3, 2022

How many 95% copper pennies does it take to make a pound? ›

The amount of copper in a penny is (95% of 3.11 grams) \approx 2.95 grams. The amount of copper in a pound of copper is 454 grams. Therefore, the number of pennies in a pound of copper is \frac{\text{grams copper in a pound}}{\text{grams copper in a penny}} = \frac{454}{2.95} \approx 154.

What is the miracle mineral in Canada? ›

Miracle Mineral Supplement, often referred to as Miracle Mineral Solution, Master Mineral Solution, MMS or the CD protocol, is a branded name for an aqueous solution of chlorine dioxide, an industrial bleaching agent, that has been falsely promoted as a cure for illnesses including HIV, cancer and the common cold.

What stone is only found in Canada? ›

Ammolite - The Rarest Canadian Gemstone | KORITE.

Where can I find emeralds in Canada? ›

In 1998 a major occurrence of emerald was discovered at Regal Ridge in the southeastern Yukon Territory in northwestern Canada. The mineralogy, geology, and origin of the occurrence are described in Groat et al. (2002).

Where is the most copper found in Canada? ›

Today, Canadian copper production comes predominantly from Ontario and B.C., accounting for more than 80 per cent of domestic output. Quebec and Manitoba also contribute a fair share, responsible for 7.6 per cent and 4.7 per cent, respectively.

What type of deposit is the majority of copper in Canada found in? ›

As mentioned, in Canada copper is most commonly found in large sulfide deposits, such as the Ontario-based Sudbury Complex, as well as porphyry deposits, such as Highland Valley mine in BC.

Is it worth saving copper pennies? ›

It turns out all pennies with a date of 1981 or earlier were made from nearly pure copper, which means they are actually worth three times their face value - three cents.

Which country is richest in copper? ›

Chile is the top copper producer in the world, with 27% of global copper production. In addition, the country is home to the two largest mines in the world, Escondida and Collahuasi.

Where is the richest copper mine? ›

1. Escondida. The Escondida mine is an open-pit mine and without a doubt the world's largest copper mine. The country of Chile produces 23% of the world's copper and the Escondida mine alone accounts for almost a third of that output.

Where is the largest copper mine in the US? ›

Morenci Mine in Arizona, was the largest copper-producing mine in United States, producing approximately 397.5 thousand tonnes of copper and an estimated 169.5 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021.

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