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 Replies: 22 / Views: 4,419 |
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Valued Member
United States
99 Posts |
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New Member
United States
45 Posts |
never understood why people buy this. I guess your local plumbers can now also consider their selves as precious metal dealers.
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Pillar of the Community
United States
5839 Posts |
I see nothing wrong with buying these as novelty/artistic items. Stupid to call them "bullion", though, and act as if they have any potential as an investment.
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Pillar of the Community
United States
824 Posts |
To each his own...I might buy a copper bullet for a paper weight.
I think they are pretty neat.
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Pillar of the Community
United States
606 Posts |
I have really liked the copper Zombucks. In my collection, I have a silver, copper, and then the original coin next to each other. I am doing the same with the Hercules collection.
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Pillar of the Community
United States
586 Posts |
APMEX starts free-shipping on all orders (>$99) this year; which they didn't offer for the past few years. I remember you have to make at least $5K purchase from them to qualify free-shipping. APMEX is catering customers with small purchases! My take on APMEX selling copper is, the retail PM market is dying. Since when copper becomes precious metals? Can't wait to see Provident and other dealers offering free-shipping, too.
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Pillar of the Community
United States
586 Posts |
Does 1 oz copper round carry more premium than 1 oz silver round?
Hmmm .............
If I had $15, I would buy copper rounds and re-sell it; as long as I can find buyers, the return must be better than silver.
Hmmm .............
Instead of selling copper, let's just sell food. I believe grocery has much larger market.
Hmmm .............
This is not a good trend, is it?
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Pillar of the Community
Canada
3049 Posts |
leon1998: You're better off buying a box of screws than copper... in 10 yrs people will still need screws and your "investment" will increase at the rate of inflation or more...
Worst case scenario you can always say you got screwed in the metals market.... just doesn't sound the same with copper...
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Moderator
 United States
16677 Posts |
Buy gold and silver. These are not an investment.
swcoin.ecrater.com
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Pillar of the Community
United States
2543 Posts |
I am sure that APMEX saw the success limited success of Provident Zombucks copper rounds. Plus go to any coin show, copper rounds abound. My youngest son loves all the different designs and collects them. Great way to get young collectors, who are not old enough to appreciate history, into coin collecting for not a lot of money. I don't think that APMEX or Provident or anyone else is calling it a precious metal, but I think that; Quote:
Bullion traditionally stands for gold bars, silver bars, other precious metals bars or ingots..........In recent years, the term bullion has also been used to describe ingots or bars of base metals such as copper, nickel, or aluminium. - Wikipedia |
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Valued Member
United States
110 Posts |
Quote:
Buy gold and silver. These are not an investment. If these are not an investment, what are they? |
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New Member
United States
45 Posts |
^^^they are a waste of money. do the math. 16 rounds equal a pound, a pound of copper is 3.60. 16 rounds 16 bucks.
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Pillar of the Community
United States
586 Posts |
realmoney,
For stackers, they're a form of insurance against hyperinflation. For dealers, they're simple a merchandise.
Only speculators treat them as investment.
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Pillar of the Community
613 Posts |
@leon1998,Copper Rounds are poor at best for hyperinflation as u are from the start paying in on Copper Rounds that are far over its copper trade value. If one wants to stack copper then Cents are the best way to do that. I stack only S-Mint Copper,I live on the west coast so it is easy to get a few oz's a day. I hold a few cents to do that. @realmoney,like denco7 has said is great and worth doing for sure. Now the Walker Copper Zombuck Round gets between $7-$8 on ebay few sell a week. I do buy the Silver Zombucks Rounds but do not buy the Copper Rounds to match,except for the Walker Copper Zombuck which I picked up 40 Walker Copper Rounds when they came out. Remains to be seen if the Walker Copper Round will hold at $7-$8 or fall,my guess is they will go up in price. Most Copper Rounds will not do much in gaining a premium. Edited by Silverworld11
02/18/2015 9:55 pm
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Valued Member
United States
110 Posts |
Thanks Leon! I was having a little trouble differentiating investment and insurance I guess. It would be odd to buy copper as an insurance for inflation. I do believe that copper was very instrumental in the first recorded inflation. The ancient civilizations could not afford their expanding empires and would add copper to their coinage.
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Pillar of the Community
United States
586 Posts |
LOL, I was talking about gold & silver ... Even Jefferson nickels is a better investment than copper round ... |
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Replies: 22 / Views: 4,419 |
Posted 02/18/2015 11:30 am
