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 Replies: 13 / Views: 1,979 |
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New Member
United States
3 Posts |
Recently I've heard talk of people making bullion from things like aluminum and zinc. I went on ebay and I saw that some of this stuff was selling for outrageous money given the current scrap prices. Why are people buying it? If they wanted to invest in those metal couldn't they just go to a scrap yard and buy them at much lower prices? The only answers I could think of is that people don't know the current scrap prices or they think that it being in bullion form makes it that much more valuable. Assuming they know the scrap prices why would the think it being in bullion form would make it so much more valuable? |
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Moderator
 United States
14463 Posts |
I have purchased some non-precious metals in bullion form a bit higher than spot price. This was basically to have a set, and have them in basically uniform shapes.
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New Member
 United States
3 Posts |
So it's about storage, and uniformity? Or maybe partially a collectors thing?
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Moderator
United States
14463 Posts |
Mine was probably a collectors thing. I have a type set of US coins, so I didn't think it was much different to have a type set of metals.  |
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New Member
United States
3 Posts |
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Pillar of the Community
United States
5825 Posts |
Copper "bullion" pieces are quite popular at the moment.
It a collector thing, not for the investor.
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Pillar of the Community
Canada
2019 Posts |
Ya some of the copper and nickel bullion coins are quite nicely done, I collect alot of the 1oz ones, but ya its not because of the P/M content but for the collectabilty of the rounds or bullets etc etc.
As a collectible you can buy the copper rounds for like $2-$3 each which is a very inexpensive thing to collect and the finish on some of them looks almost proof like... I have my best ones in airtight capsules and on display stands.
Edited by Northerncoins
06/28/2014 09:08 am
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Pillar of the Community
Canada
3692 Posts |
I really don't see the point. They aren't official mints that are making them. They aren't money so they're not numismatic. They're not historical. What are they then? It's a gimmick, like putting Ernesto "Che" Guevara's face on a t-shirt, trying to ride the PM wave. Base metals are not bullion - plain and simple. If I was going to get a coin like that I'd design it myself at least.
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Pillar of the Community
Canada
2019 Posts |
Quote:
They aren't official mints that are making them. They aren't money so they're not numismatic. They're not historical. Neither are bottle caps,pez dispensers,sea shells the list is endless, but lots of people collect them, just because its not "official" doesn't make it not collectible, plus just because you think something is not collectible doesn't make it so either. I collect Numismatic, silver and gold bullion , silver and gold NCLTs , and yes copper and nickel rounds as well. I should also point out that yes they have very little value but $2 for a copper round that is worth 10 cents in bullion value is a better deal then some of the NCLTs and bullion that I bought that is now worth 20% less or more,a $100 silver NCLT is now worth $80 or less and well silver bullion bought at $30 is now worth $20 . Its all perspective , the loss of $1.80 on a cool looking 1 oz copper round that shows very well or the loss of $20 on a 1oz silver NCLT or the loss of $10 on the 1oz silver bullion. So far I see the copper round as the clear winner as far as the amount of loss of $ ..... Bottom line is, I like my copper and nickel rounds  Edited by Northerncoins
06/29/2014 9:44 pm
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Pillar of the Community
Canada
3692 Posts |
Respectfully, Northerncoins, I'm not saying that you can't collect what you please. I'm saying that base metal rounds are not coins and they're not numismatic and they have no history, that's it. It's like collecting lemon cars in my eyes (cars that don't work at all, just for show).
Re: "official" things: I disagree to a certain degree. People don't collect non-name brand things to show them off. That's why fake Rolexes exist. Yes, there are oddball collections like bottle caps and Pez, but even they are name brand. Why collect a knock-off - makes no sense to me. Seashells and fossils are a different type of collection. To call them coins is weird if they're not even circulating to be used as money. See what I mean now?
It's just my opinion but they are not worth collecting unless there is some obvious artistry involved.
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Pillar of the Community
Canada
2019 Posts |
Quote:
To call them coins is weird if they're not even circulating to be used as money I don't recall calling them coins...or did I? I didn't look in past post but I think I said "rounds" Quote:
It's just my opinion but they are not worth collecting unless there is some obvious artistry involved. I think some of them have a form of "artistry" its all in the eye of the beholder I guess...  Edited by Northerncoins
06/29/2014 9:50 pm
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Pillar of the Community
Canada
2019 Posts |
Ohhh my 777 th post just happened.
As an overview, the numerology number 777 is a composition containing the ideas of:
Creative expression
Optimism
Introspection
Tolerance
Inspiration
Edited by Northerncoins
06/29/2014 9:59 pm
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Pillar of the Community
Canada
3692 Posts |
No they are not coins, and I guess you didn't call them that. But look at one and tell me it doesn't resemble a coin. They are meant to imitate true bullion coins.
Alright, you know where I stand on that. I'm not going to beat a dead horse. I guess I was just looking at your avatar and coming to the conclusion that you liked that round/medal/coin. It's not really art, it's just riding on the big PM wave to sucker people into more affordable base metals, I'm sincerely not calling you a sucker, please know that.
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Pillar of the Community
Israel
2420 Posts |
I recently bought a bag of 200 pre-1982 Canadian nickels (1 kg), as a bullion, paying 21.5$, which is a bit more than 25% over melt.
While buying bullion at such premium is probably not the best investment, they are nice and in such small amount I couldn't care less about paying the extra 4$.
Buying Canadian nickels as a bullion in general, if done at significant amounts and low premium is a great investment IMO, as you're downside is very limited - you can always use them at the grocery store should the price of nickel fall.
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Replies: 13 / Views: 1,979 |
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Posted 06/28/2014 02:03 am
