Does Copper Bullion Make Sense?

"Does copper bullion make sense ?"
- No, not really,
except if you collect pure copper wire, and then only in large quantity, to be worthwhile.

I have also investigated accumulation World pure nickel coins, - came up with much the same answer.
I still accumulate them anyway, have about a half kilo of them - don't know why.
My accumulation nowhere near big enough.
No prospect of a profit, when inflation taken into account.

My advice? - Stick to stacking silver.

Just for fun, I popped over to that forum. Came across a thread where a member claims to have 6 million copper cents of which 3/4th are stored in a semi-trailer and the remaining in his basement. Said he has to use commercial racks to store some of them and the overall weight he estimates at 35k pounds. He further says " I will not sell for anything less than a premium and am just fine if my 6,000,000 copper hoard is left to my son."

So many thoughts going through to my head and too many to post, so I will just touch on a couple of points. While it's great that he has $60k cash in this form when so many do not even have $2k cash, the weight and volume is unfathomable. And if he passes it on to his son, will they get sold at even a small premium, at least enough to cover the costs incurred for acquisition and storage? My guess is there is a good chance it gets either taken to a bank or gets sold for very close to or at face value. There just aren't enough potential buyers to make any worthwhile net profit.

If someone left me $60k in pennies, I don't think I would be too happy as SAP alluded to. Sure an extra $60k would be nice, but think of how much work it's going to be to liquidate that pile.

15 years ago I may have been excited about the idea as I used to some copper cent hoarding on a small scale. Once I reached a modest amount of about $500 in copper cents, I really slowed down. Seeing people on the old Real Cent forum bragging about selling them for 1.6 or 1.8 cents each (delivered price), I started to realize how impractical the whole concept was. Even at 1.8 cents/each, it doesn't mean you're net profiting 0.8 cents per coin. Once you factor in acquisition costs (trips back and forth to the bank for new boxes and zinc dumps), the amount of time, cost of a Ryedale if you used one, shipping costs, etc. it's easy to see how little return was actually being made.

Remember this one? Family finds 1 million copper pennies while cleaning out home
http://goccf.com/t/447922
I get that most agree its not typically worthwhile (especially vs other cost effective metals like gold or silver) and very rare that type of excess even for a collector. The fact is that copper value would normally go up from transition to evs and renewable energy transition and that can happen starting in the very near future not decades away, so its actually not necessarily a bad time to at least retain it if you happen to come across some. Normally most would just dump it as being unworthwhile to hold onto but that may not be the case anymore. That doesn't mean to buy 1 million copper cents to cash in.

However this one says that copper may not be needed as much due to potential innovation (less but not none) so maybe coinfrog will ultimately be right, although that would be in the much longer term and so price would still go up for the next decade, just not to extreme levels.

New electric vehicles from Tesla (TSLA.O) and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say. Goldman Sachs estimated copper in an average EV would fall to 65 kgs per vehicle by 2030 compared with an estimate of 73 kgs last year. It expects copper demand for EVs to be 1 million metric tons this year and 2.8 million by 2030. Previously, it had projected 3.2 million metric tons of demand from EVs in 2030. CRU's Edwards said some of those bullish on copper may have underestimated the potential for EV makers to roll out technologies that limit the use of the metal.
https://www.reuters.com/business/au...-2023-07-07/




Here you go for the next time you want to post that... in this case however its obvious based on its usage, Only whether its usage will lessen even more with other innovation.

Trying to learn.
When the precious metal venders offer a 1 ounce copper round, is that measured by Avoirdupois standards, or Trojan?

Very true in out present times. Most are self serving salesman.

And never speculate in what you do not understand. Let the miners and the industries handle copper.

cdngmt
"Trojan? ...... you meant troy of course"

You are correct, and I think I need more than 4 hours of sleep every night.
I can laugh at my own mistakes and appreciate the correction.