| Author |
 Replies: 11 / Views: 2,205 |
|
|
Pillar of the Community
United States
1158 Posts |
I keep seeing copper rounds offered as an investment alternative (or supplement) to silver rounds or as a kind of fractional silver coin. They are cheap. At JM Bullion I can get a roll of 20x 1oz copper for the price of a single round of silver. But when I compare the spot price for copper, it is listed in pounds! So I'd be paying roughly $16 for a pound of copper that has a spot price of $3.25 right now. How can copper be a reasonable investment with that kind of gap? |
|
|
|
Pillar of the Community
United States
1431 Posts |
Quote:
How can copper be a reasonable investment with that kind of gap? It's not. Copper "bullion" is largely just a worthless gimmick. |
|
Pillar of the Community
United States
1745 Posts |
Copper Bullion - no
Copper CCF Token - yes
it takes 100x the copper to equal the same dollar value of silver. $10,000 dollars of copper would be 3100 pounds. Not easy to store or transport.
|
|
Valued Member
United States
139 Posts |
I see copper bullion as a cheap way to get a design that you like. I have all the Zombucks in copper. I like the design, but didn't think they were worth the extra premium in silver bullion. Same deal with the CCF token.
|
|
Pillar of the Community
United Kingdom
1563 Posts |
Copper is not something to ignore. As an investment, you would need a good outlay, but in the future a good return is to be had. Try buying from the UK, very often a bulk lot can be had under scrap price, ideal for stacking.
You will never soar like an eagle if you hang around with turkeys.....
|
|
Valued Member
United States
183 Posts |
As a investor, you can't have all your eggs in one basket, you need multiple avenues. But for me, that avenue is copper cents, you cant loose anymore, you can only gain money. People steady buy pre 1982 boxes on ebay |
|
Pillar of the Community
Canada
2019 Posts |
Quote:
I keep seeing copper rounds offered as an investment alternative (or supplement) to silver rounds or as a kind of fractional silver coin.
How can copper be a reasonable investment with that kind of gap? As some have already said, its not. The rounds are more a collectible, I personally collect them and at around $2 each they are a really inexpensive thing to collect but you dont need "stacks" of each type , I usually buy 5 of each type sometimes a roll of 20 if I really like the round. |
|
Pillar of the Community
Canada
576 Posts |
Investment, no way, too much money. If you like it for the art that's great but as an investment I see copper rounds as a bad idea. If you want to collect copper as a long term investment go to a hardware store and buy plumbing pipes. Your cost will be much lower than rounds.
|
|
Pillar of the Community
United States
1277 Posts |
just get pre-1982 cents. they are much cheaper
|
|
Pillar of the Community
United States
1037 Posts |
They do not make a good investment. But I have put some in 2x2's and given them away as gifts. The recipients are always amazed by it. Who knows, it might turn someone on to a coin collector.
|
|
Pillar of the Community
United States
4333 Posts |
One may as well pull copper pipe and gutters out of the dumpster (legally).
Take the money earned by scrapping, and buy PM's.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
 United States
1158 Posts |
My father in law collects old wire. A huge trashcan full is worth about $100.
|
| |
Replies: 11 / Views: 2,205 |
|
Posted 08/05/2014 11:53 am
