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 Replies: 37 / Views: 7,200 |
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Pillar of the Community
Canada
3692 Posts |
Copper is not bullion. Let's get that straight right away. And I wouldn't recommend people buy platinum. Gold is very easy to test and very easy to cut into manageable pieces. Copper marketing is a big joke, so unless you like the LOOK of your shiny-shiny don't even touch it with a 10 footer.
And thieves are not lazy, Ed.
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Pillar of the Community
Canada
2019 Posts |
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Valued Member
United States
165 Posts |
Quote:
To me it's a no-brainer just like %40 halves for $.65 each Where are you able to purchase 40% silver half dollars for 65 cents? Or are you just referring to purchases you made years ago? |
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Pillar of the Community
Canada
3049 Posts |
edthelorax: you said this Quote:
I wish I could have pulled 90% back in the 60's it's 14x face now. Now let's just take a $1 coin from 1964... If you take that dollar and hold onto it until now as you said you would get 14 x face so ... waiting 52 years will net you $14 in return... At the same time had you invested the money, with an average rate of return netting you around 8% interest... The double rule of 72 applies you would have doubled your initial investment just over 5x $1x2x2x2x2x2 = $32 Silver was a known precious metal at the time... can the same be said for copper? I'm not saying this is a bad idea.... but I wouldn't put a whole lot of eggs into this basket. I'll be honest I have a rubber maid bin FULL of penny rolls. And while I think there may be some value down the road in copper, I kept the pennies b/c I like to coin roll hunt and they've taken out all the pennies from circulation here in Canada. I also have a project I plan to do with the pennies. All I'm saying is that I believe there are much better opportunities for building wealth. |
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Valued Member
 United States
59 Posts |
Well part of me asking was a co-worker wanted to know if I wanted to buy 200 1 oz copper bars from him for $.75 each. I kindly told him no thank you but did ask if he had any silver which was an 1 oz bar (which I did buy).
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Valued Member
Australia
491 Posts |
Must admit copper will always be a treasured part of collecting for me. I know it is not strictly bullion but the Australian Pennies and half pennies from 1910 to 1964 are great way to collect.
Will always remember in my younger years what a treasure it was to get a penny with King George V face on it.
Copper pennies and half pennies have got to be the best way to collect copper.
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Pillar of the Community
Canada
2019 Posts |
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Pillar of the Community
United States
3079 Posts |
Current price of copper is $2.11 a pound x10 pounds US $59.99 Approximately C $78.50 That doesn't sound like a good investment. You can find the 5 and 10 pound bars cheaper. For novelty or just to have one that is fine but as an investment    |
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Pillar of the Community
United States
589 Posts |
Nope. Not a precious metal.
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Pillar of the Community
United States
1119 Posts |
I collect usable lengths of copper pipe and wire when I can get it cheap but not rounds and bars. I also have a few pieces of native copper nuggets as mineral specimens. And of course I save every pre 1982 cent I come across.
Edited by Steele
07/11/2016 10:07 pm
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Pillar of the Community
United States
3079 Posts |
 These are bought cheap and then broken up into individual pieces.  Copper balls, Native copper from upper Michigan  Copper ingots  This what comes out of the smelting furnaces fused slag,copper and the brick linings/ |
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Valued Member
United States
142 Posts |
I bought few rolls of copper bullion just to diversify my stack. I'm not to familiar with copper
But seems like its not an investment. I just
Like the look of them.
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Valued Member
United States
493 Posts |
I sort pennies for fun, found a 1925D today, 22.6 million minted, still not worth anything. If you collect enough copper cents it might be good for helping to bar the door, weigh down a safe, door stopper.
Most would say, rather than toy around with pennies, get a part time job and use that money to buy au/ag instead. But, no, I won't buy copper bullion.
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Valued Member
United States
165 Posts |
I save copper pennies at face value when the opportunity arises (such as when I'm coin roll hunting), but I would personally never purchase things like 1-ounce copper rounds. As others have stated, there is simply too much of a premium attached to these when it is compared to the value of the copper in them.
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New Member
United States
26 Posts |
I used to be a big poker player and had several Chip sets for home games. Trust me, Chips are a lot more expensive than a lot of coins. I sold all of my chip sets and now have a very nice Coppper Round set for home games. Even got some bars for when we feel like we want to be the HIGH Rollers. I like the look and feel and pick up a few now and then, but nothing really serious.
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Posted 07/09/2016 09:58 am
