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 Replies: 15 / Views: 1,707 |
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Valued Member
United States
78 Posts |
I have seen many copper eagles online for sale as of late. I am curious as to whether they would be any good to collect?
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Valued Member
United States
257 Posts |
Just as long as you;'re doing it for the art/design factor. They are a huge rip-off and minted in quantities that will never make them collectable.
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Pillar of the Community
United States
667 Posts |
Yes there is just a ton of copper to hoard for much less money. The easy way is keeping all those 100% copper pennies in your change. Scrap copper from changing plumbing or wiring. Recycling cooper from appliances such as plugs etc.
They are nice and for a collectable they serve a purpose. I would consider buying one or two just to have but not as an investment / speculation product.
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Pillar of the Community
United States
564 Posts |
Pre 1982 cents are 95% copper.
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Moderator
 United States
14463 Posts |
and some 1982 cents are 95% copper.
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Pillar of the Community
United States
667 Posts |
Actually pre 82's are 100%, 88%, 5%, 0% & 95% depending on the year. However enough copper to make it no a big factor on the current non wheat's.
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Valued Member
 United States
78 Posts |
Is copper really that great of a metal to invest in anyways? Does the price fluctuate on it like silver and gold do? Obviously I know copper is no where near the price of silver and gold but I am curious.
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Moderator
United States
14463 Posts |
I think copper has increased 5-10% since I started looking. Currently its value is at $3.44 per pound or $0.29 per troy ounce or about $0.023 per copper cent.
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Valued Member
United States
410 Posts |
Copper is an industrial metal that fluctuates in price based on industry demand.
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Rest in Peace
United States
9104 Posts |
Like other commodities, copper fluctuates.
Invest/speculate? Sure. The "mini" contract is 12,500#, or more than six tons. "Real" COMEX contracts are 12.5 tons.
If you count your labor at nothing, you can accumulate pre-82 cents at a cost of about $1.50 per # of copper content.
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Rest in Peace
United States
9104 Posts |
OP-
Collect? Sure, collect whatever gives you pleasure.
Invest in? No way.
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Pillar of the Community
United States
931 Posts |
I bought one on a whim for two bucks. Every time I see it I wonder why I did. The strike is decent on the copper eagles but far below mint standards. I figure I'll just give it to a youngster some time to get rid of it.
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Pillar of the Community
United States
4008 Posts |
I've seen these on ebay from time to time and am always amazed at the premium percentage that is charged. I agree with Junior. A few of these might be OK as keepsakes but don't do a thing for me as investments. I would much rather have a tin version of an ASE... an ATE? Tin is worth about double what copper is and I can always find a use for some extra tin.  |
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Valued Member
Canada
442 Posts |
2011 american nickels are made of copper too!
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Valued Member
United States
302 Posts |
Quote:
2011 american nickels are made of copper too! I thought nickels have been 75% copper for decades. So, what do you mean? And if the content is changed, what is your reference? |
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Rest in Peace
United States
9104 Posts |
Quote:
2011 american nickels are made of copper too! Actually, they're made of copper one, and nickel two. |
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Replies: 15 / Views: 1,707 |
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Posted 10/15/2011 9:50 pm
