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 Replies: 29 / Views: 3,543 |
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Valued Member
United States
280 Posts |
This thread is all about your opinions on copper bullion coins. Good investment? Waste of money? Do you like the different designs? What do YOU think? Post freely!
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Pillar of the Community
United States
4897 Posts |
 To CCF! Quote:
Waste of money |
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Bedrock of the Community
13014 Posts |
For the average person Id say its a waste. Even if copper went up a dollar if you had 1 coin youd make what a dollar? The price is just so low the vast majority of people wouldnt have enough space to store the needed amount for it to really be worth it |
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Valued Member
United States
385 Posts |
It's not worthwhile, unless if you're willing to get your hands on tangible and useful goods such as copper wire it's a good idea I guess. But meanwhile, hoarding copper pennies is the best plan of action here.
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Pillar of the Community
Japan
666 Posts |
waste of money and efforts to get that copper
better go with silver - poor man's gold ... till it is available at this price level
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Pillar of the Community
United States
1119 Posts |
Waste of money. The one design I actually took the time to look at before I asked the price was cool but not for the premium that was/is charged. I do search penny boxes every now and again and hoard every copper cent I find though. Too heavy to be practical as an investment. What are you gonna do with it when no one will buy it for more than 4.75 a pound in 25 years? I agreed with bekiz and silverdollar2011, Buy silver or buy wire heck buy anyform of copper that isn't bullion at 10.00 or more dollars a pound. As an investment you need to ask yourself do you really see it moving more in price than silver or gold? You may not be able to get as much but dollar for dollar as an investment buy one ounce of silver instead of one pound of copper. If both copper and silver go up 10%. You make 3.00 on the 30.00 paid for the silver or .90 cents on the 9.00 worth of copper you paid 30.00 for. big percentage premiums like one paid for copper are unlikely to be recovered at time you sale
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Pillar of the Community
United States
3294 Posts |
Total waste. Those copper bullion coins sell for way more then spot.
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Valued Member
United States
103 Posts |
I agree, the price is just way to high on these "bullion" purses.
If you're liking to hoard copper I would suggest pre 1982 Pennies.
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Bedrock of the Community
United States
36770 Posts |
I avoid copper bullion. Premium is way too high and you need large amounts of it to make any kind of money. Storage is a major problem.
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Pillar of the Community
United States
863 Posts |
Waste of time and money. Also space. you might as well buy copper pipe. the premimum on pipe is much lower that that of the bullion
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Rest in Peace
United States
1501 Posts |
Although I do not advise copper as an investment, I do like the designs on the one ounce coins(medals)  But the 1 lb. 10 lb. 1 kilo copper bars unless you really are into them I would stay clear. Just remember it's your collection or hoard, buy what you like!  |
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Pillar of the Community
United States
4008 Posts |
I'm not a copper collector, although it might be possible to make some money doing that. Many markets tend to be somewhat cyclical, so one could buy low and sell high to realize a profit. If so, they would probably be better off to buy the biggest ingots they could find... 10 lb. minimum. Copper really doesn't appeal to me, though. It has a low value and a large bulk so requires considerable storage if you amass very much of it. It is also fairly dense, so a small volume of it is pretty heavy. I also do not sort through pennies. Waste of time, IMHO, but anyone who does is more than welcome to it. Collecting coins and / or bullion is one of those things that has MANY options, so there really is something for just about everyone... even those who collect copper and nickel. |
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Pillar of the Community
Canada
1723 Posts |
IMHO.....I also feel copper bullion is a waste of time. However, I put sets of canadian pennies together before they start pulling them from circulation come February. With that said I check dates to find the best of the best for the sets so I have just been pulling the copper anyways. I will deside what to do with them in a year or two. Gotta wait and see what copper prices do and also see if it will be legal to melt. Right now, scrap is paying $2 lb which means if I save a box of them, I can make about $4 a box....which I guess is about a 20% return, but not sure if its gonna be worth it. Maybe get a better rate with volume and higher prices down the road. Time will tell. Cheers!
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Pillar of the Community
United States
808 Posts |
The only numismatic copper play I'd consider would be pennies.
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New Member
United States
22 Posts |
Copper is NOT a Precious Metal. Every Dollar you put into Copper does not go into Silver/Gold and thus the potential for Opportunity Cost is GREAT.
Plus, the buyback market on copper is not tight, mature, or transparent. It's a crap shoot.
Stick with the PM's.
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Pillar of the Community
Canada
3692 Posts |
Copper is not bullion. Enough said.
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Replies: 29 / Views: 3,543 |
Posted 08/25/2012 01:18 am
