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 Replies: 56 / Views: 7,975 |
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Pillar of the Community
United States
2168 Posts |
Yes that's so true but it helps that they do have intrinsic value! Not like beenie babies! Remember that?
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Pillar of the Community
Canada
3692 Posts |
@Circus: We were referring to US pennies that are pre-1981, not the plated zinc versions of today.
Copper Bullion? Please be real. A bar of copper isn't even worth lugging around. It's not even something to consider - it is fact that it is not bullion. And if it's not .999 pure it really isn't bullion either because you're storing roughly 10% of that in copper! The whole point of bullion is being able to purify as much as one can and store them in as tight a place as possible to cut down on space and hence it's worth more. Why should bullion be alloyed with anything at all - it's not being moved around much or circulating. I think we're all missing the point of why bullion is bullion.
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Pillar of the Community
United States
808 Posts |
Quote:
I think we're all missing the point of why bullion is bullion. This. Exactly right. |
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Pillar of the Community
United States
3079 Posts |
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They are brass, which is valued much less than bare bright copper. Quote:
To clear things up: pennies are not brass, they are bronze. It is evident not only by their alloys but by their color. javascript:OpenLinkMePreview(' https://goccf.com/t/168013','3','1546669')This reply has the mint's break down they stopped pennies bronze alloy in 1962! I agree with the facts that copper is copper and that the "copper bullion rounds" are no more than tokens!  |
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Pillar of the Community
Canada
532 Posts |
Next we'll discuss weather or not 99.9 is good enough or 99.99.  |
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Pillar of the Community
Canada
576 Posts |
Here's my 2 cents worth......No copper is not a precious metal. If you do feel you need to buy it, stack it, wait for hardware stores to have sales on plumbing copper pipes.
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New Member
United States
10 Posts |
I don't consider it a PM, but I do like some of the coins and they are usually had for around $1. I wouldn't buy the coins with any expectation of making money off of them. I view them as a fun and cheap way for the kids to collect some coins.
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Pillar of the Community
United States
1476 Posts |
It is bullion but I personally wouldn't hoard it for the trade value 'as is'. But if you get down to the 'brass tacks'  of it. If you are planning for the end of the world type stuff.  It might be nice to have around to make daily utensils out of. Now they would be worth trading for. Pots, pans ect...  |
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Pillar of the Community
United States
1200 Posts |
You might want to lay in some tin and zinc, too. Then you could make brass and bronze and make some really neat-O pots
and pans. If you had some iron and carbon, you could make steel and then make some cool swords and axes out of it.
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Pillar of the Community
United States
808 Posts |
If I were a sculptor or other artist/craftsman working with metals, I could see wanting to keep a good supply of the raw materials I use regularly in my trade. Especially if I had good reason to suspect a hefty price rise in the future. However, the modest price increases that can hurt a trades person's bottom line probably wouldn't amount to much gain for the ordinary PM stacker.
As for saving for future doom and gloom, I'd skip the base metals and stash a ton of cheap but serviceable imported tools. Ready made saws and hammers and axes and water pails will all command a much higher premium than an equivalent weight of raw copper, tin, and zinc in a SHTF scenario.
Edited by coinwatch
04/10/2014 4:47 pm
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Pillar of the Community
Canada
576 Posts |
FatFreddy, you're Killing me. <<<big belly laughs>>>,
Liverpool
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Replies: 56 / Views: 7,975 |
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Posted 03/26/2014 1:43 pm
