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 Replies: 24 / Views: 6,259 |
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Pillar of the Community
Canada
2019 Posts |
Anyone collecting the 1oz nickel or copper rounds? I have a few, they are really quite nice but I cant seem to find many selling the nickel rounds in Canada or even the US for that matter. Saw a few on ebay but had the normal high price tag. I bought a few from C/A but they are now sold out of the Nickel 1oz rounds. Edited by Northerncoins
05/13/2013 07:35 am
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Pillar of the Community
United Kingdom
548 Posts |
This is utter lunacy.
Copper is currently selling for $7350 per tonne. There are 1000 kilograms per tonne, and about 35 ounces per kilo.
So those 1oz copper rounds are worth about 20 cents each. The nickel rounds are worth about 40 cents each. Copper and nickel are not precious metals. They never have been and never will be.
Edited by Demarco Bishopp
05/13/2013 08:35 am
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Pillar of the Community
 Canada
2019 Posts |
"Precious Metals and Bullion - Gold, Silver, Copper, Platinum"
Maybe not "precious" but they are bullion and ya they are overpriced based on the spot value but I like the look of them and they are affordable compared to silver,gold. Plus the nickle 1 oz coins don't seem to be all that plentiful, so that could increase their value as the years go by, who knows...
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Pillar of the Community
United States
5850 Posts |
I picked up ten different one ounce copper rounds last year for around $3 each, simply because I liked the way they looked and knowing full well they would never be worth anything close to that amount in copper value. I like the way they recreate numerous famous U.S. coins fro days gone by and also think they happen to be very well done.
I certainly wouldn't consider buying these in bulk as a bullion investment, however.
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Pillar of the Community
United Kingdom
548 Posts |
Silver is perfectly affordable if you can't stretch your budget to buying gold. A few hundred dollars will get you 25 ounces of silver. Alternatively you can buy several hundred 1oz copper rounds and store them as scrap metal. You might as well buy copper pipe.
Yes, copper and nickel could increase in value as the years go by but the value is so low to begin with that to extract any kind of substantial profit from an investment in those metals you have to be buying or selling hundreds of kilograms at a time.
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Pillar of the Community
Canada
2019 Posts |
Here are 2 pics of the 1oz Nickel walking liberty 2012 , one is beside a silver maple leaf for size comparison, still working on my photo skills for coins, lighting/focus etc lol but you can see the size of these things , they are thinner then the silvers , I think they are a great looking coin and look better in hand then in pictures.   Edited by Northerncoins
05/13/2013 10:26 am
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Valued Member
United States
264 Posts |
Buying copper or nickel as an investment? Ignore 1 ounce rounds for this purpose, instead contact a wholesale metal distributor and purchase copper or nickel plate. The prices are very good and you will be able to store it much more efficiently.  |
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Pillar of the Community
Canada
2019 Posts |
Well I didn't buy them for the Bullion investment, but for the Numismatic value as they cost like 10 times the spot value, remember the Wolf silver bullion coins? I have no way to know if they will be worth much more then I paid for them 5 years from now but the potential is there and they didn't cost much per coin , I think I paid $4.75 to $5.00 for each nickel coin. The coppers are nice as well but there are alot more copper coins then the nickel coin. Anyway I will be buying more nickle coins when I can find them for a good price.
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Valued Member
United States
410 Posts |
Quote:
Silver is perfectly affordable if you can't stretch your budget to buying gold. A few hundred dollars will get you 25 ounces of silver Many people don't have a couple hundred dollars in their budget to collect silver. If someone is collecting simply because they like the coin, nickel and copper rounds are fine. I don't expect them to increase in value either in a numismatic or bullion sense. However, at ~$5 per round one can buy 5-6 nickel rounds for the price of 1 silver round. It depends on whether one is a collector or an investor. I am curious how copper rounds will hold up over time. Copper tarnishes pretty quickly. |
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Pillar of the Community
United Kingdom
548 Posts |
My criticisms were aimed at the idea of investing in copper and nickel bullion as an affordable alternative to silver or gold. If you want to buy copper and nickel rounds because of the aesthetic value that's one thing, but don't present me with your $5 tube of copper rounds and call it an investment.
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Pillar of the Community
United States
830 Posts |
I'd rather buy insulated copper wire.  |
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Pillar of the Community
Canada
2019 Posts |
I bought a bunch of 1 oz coppers as well, got 20 or so live free or die with the weed plant on one side..lol plus 20 or so walking libertys, 20 or so half ounce Indian heads, Bought 15 1oz 2012 China pandas, 15 2013 year of the snake, 20 Sitting Bull Lakota Version 1oz and 1/2 ounces,20 Bull and Bear Version ,20 2012 Year of the Dragons, I missed out on the Titanic and the Bitcoin ones....started collecting a bit too late I guess. I bought them because I like them and maybe some day some of them could become valuable...eh probably not but I can dream... I dont need anymore copper bullion as I have like 100 pounds or so of pre 90 Canadian pennies hoarded I just like how the 1oz coins look and feel.... Oh btw, Here is a ebay completed auction on a 1 oz copper bitcoin . Darn I wish I had of gotten some of those for $2.75 each lol http://www.ebay.com/itm/999-FINE-CO...t_1600wt_954Edited by Northerncoins
05/13/2013 9:37 pm
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Pillar of the Community
United States
1200 Posts |
Coincidental that you should start this thread now. I was at a coin show a week ago and just bought my first ACE (American Copper Eagle--which is actually just a big, silly
1oz copper round with the Walking Liberty design on it).
Since I already have a 1oz AGE and more than a few 1oz ASEs, all I now have still left to get is a 1oz Platinum Eagle and I'll have the full set of all four 1oz American Eagles.
I believe this will be about the extent of my copper round collecting.
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Pillar of the Community
Canada
3692 Posts |
Wouldn't you rather collect nickels and pennies instead? Base metal "bullion" is a trick. I'm with Demarco Bishopp on this one.
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Pillar of the Community
Canada
2019 Posts |
I have over 100 pounds of pennies now, don't need anymore, I just happen to really like these coins, both the nickel and copper. but I am going to get some 1982 and older Canadian nickels as they are .999 pure nickel I believe. May get 100 pounds of those at some point.
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Valued Member
United States
370 Posts |
Not for myself but I'll pick up ones with a Buffalo on them for my niece from time to time because she loves Buffaloes.
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Replies: 24 / Views: 6,259 |
Posted 05/13/2013 09:04 am
