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Replies: 11 / Views: 2,741 |
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Pillar of the Community
United States
1088 Posts |
I know that people say not to buy the 1 oz copper bullion coins. Not saying you should or should not buy them. Not saying they are or are not "cool" looking. My question is why some are in avdp ounce and some are in Troy ounce. Is copper considered a precious metal and if so, why is there so much variance in how they are distrubuted in weights. I know that they are not from a mint so that could have a lot to do with it. Just wondered after I was gandering at coins today on ebay*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
 United States
1088 Posts |
sorry I posted in the wrong forum, was not sure where to ask
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Pillar of the Community
United States
5855 Posts |
I think the only reason some are marked in troy ounces is to give the impression that they are more valuable, that's all.
I bought a small number of these (one of every pattern) for around $2 each. Not because I think they are "precious metal" or will ever be worth anything close to what I paid as bullion, but simply because I liked the way they looked.
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Valued Member
Canada
178 Posts |
Copper is a purely industrial metal, nothing precious about it. The confusion comes when some people are marketing it as a precious metal.
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Pillar of the Community
 United States
1088 Posts |
I agree that it is in a precious metal. I found these copper bullion pieces on ebay ( http://www.ebay.com/itm/1-TROY-OZ-1...m3cc76774fc) and picked up 3 different variations for under $2.00 each. Really have to watch though...they are going for like $3,$4,$5 many times. Happen to get up this morning at 6 our time and saw that there were three in a row going for under $2. I bought three just because I thought they were neat and know someone that is a huge Lincoln fan so I bought one for him just because
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Pillar of the Community
 United States
1088 Posts |
what is the best way to store copper? airtites? 2x2s?
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Moderator
 United States
188770 Posts |
Quote: sorry I posted in the wrong forum, was not sure where to ask No problem.  We will always fix it. The PM forum is still relatively new, so it is easy to overlook.
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Valued Member
United States
88 Posts |
I was the first one to do a copper bullion round in Troy ounces rather than avoirdupois. That was my Copper Country Quincy Mine piece from 2006. In that case I designed the whole coin around a particular copper blank that I had available that was 36 grams. It's almost five grams over, but I put troy oz on it as something of a joke. Copper was setting new price records and I even had somebody honestly tell me that copper was worth more than gold!! They saw it in the paper... Gold was $1500 but copper was $3000! Yeah right... they didn't happen to notice that one was per ounce and one was per ton! Around the same time people were saying copper was the poor man's silver. The whole situation was so funny that I thought to sort of lampoon the idea by making this super-thick overweight coin. Mostly they are for sale in gift shops and such up in the Keweenaw copper district in Michigan's Upper Peninsula, the "Copper Country" as it's called locally. But since then apparently the idea caught on, and lots of makers are doing troy ounce coppers, with no thought of it being a joke. To me that makes it even MORE funny! The Quincy Mine is real, and today is a National Historic Site, you can visit it and tour the surface workings and sometimes I think they even do underground tours from the Vivian Street adit. The old miner on obverse is wearing a soft hat with oil lamp type light... pre-1910 style. It is intended to represent the legendary miner Arne Harjaala, a major character in the Sci-fi adventure novel A SUPERIOR STATE OF AFFAIRS. If anybody cares about such things, I made a total of 800 of those, plus 40 bimetal "half-breeds" with a sterling silver center. I still have a dozen or so of the solid copper ones and list them on my online store. The half breeds sold out almost instantly.     I designed the inscription on reverse so that you can read it as ONE COPPER by looking at just the large lettering, or by including the small type you can read it as "Contains ONE troy oz COPPER .997 pure" If anybody knows of an earlier one in troy I'd like to know about it. If not I think this is the very first one.   Tom Maringer Shire Post Mint Springdale, AR 72764
Edited by tmaring 06/13/2012 5:29 pm
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Pillar of the Community
 United States
1088 Posts |
Nice coin Tom! I am also from Michigan. If you still have some of those rounds left, how would I go about getting one. Neat coin
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Valued Member
United States
88 Posts |
Hi Stud722:
Greetings Michigander!
I don't have enough posts to put a link here... but if you were to just google "shire post mint" and scroll down and find your way to the Online-Store link, there is a category called "Bullion Coins and Bars" and this is currently the only item in that category, where it's called the "One troy ounce copper bullion coin". It's also on my Private Stock list, which I can provide on request by email.
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Pillar of the Community
 United States
1088 Posts |
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New Member
United States
22 Posts |
Way I look at copper: It's money that could've been put into a REAL Precious Metal that will be skyrocketing in value over time.
Opportunity Cost is a big deal for me, thus no Copper.
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Replies: 11 / Views: 2,741 |
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