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 Replies: 37 / Views: 7,196 |
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Valued Member
United States
59 Posts |
Just wondering how many ppl actually buy copper bullion. If so do you sell to LCS? Keep for the grand kids? Just a cool conversation piece over rum and coke? Thoughts?
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Pillar of the Community
Canada
1747 Posts |
I did, thought I was onto the "Next Big Thing", but alas, the plans of mice and men.....
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Valued Member
 United States
59 Posts |
What do you do with it Ace?
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Pillar of the Community
United States
4333 Posts |
I recently bought the entire copper Provident Zombucks series of 10 different 1 oz. rounds, 10 ea. regular strike, and 1 ea. proof mints, only because I bought 10 ea. of the regular silver strike, and silver proof mints.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
61 Posts |
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Pillar of the Community
United States
3843 Posts |
Nope. The copper rounds and bars I've seen have huge premiums where the round might cost a few dollars where the copper in it might be worth a few cents. Until there is a way to invest without these hideous premiums I'm going to pass on copper hoarding. The amount of space it would take and the weight per dollar would also be an issue IMO.
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Pillar of the Community
Norway
1358 Posts |
No.
It's simply not worth getting into it if you collect small pieces: too much overhead costs. Copper has to go up several thousands of percents to make it profitable. Collecting large amounts, like raw tons of it, might make sense. But don't complain when your significant other starts complaining about how the available storage space in the house just disappeared...
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Pillar of the Community
Canada
3049 Posts |
There is no point!
The mark-up on the bullion is too big... the pay off is too small..
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Pillar of the Community
Canada
5246 Posts |
The mark-up on the copper rounds is too much. I have a couple of pound/ half pound bars as novelties, though. You are better off just getting boxes of 1 cent coins and pulling the copper, so you get copper for less than the copper price.
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Pillar of the Community
United States
1195 Posts |
Nope.. If you want copper I suggest CRH pennies from the bank. Set aside anything 1981 or older (some 1982 are copper too). That way you only have face value invested. Unfortunately to have enough for any sizable value you have to fill up a whole room though.
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Moderator
 United States
56855 Posts |
No I do not hoard copper. Copper is not scarce. John1  |
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Pillar of the Community
United States
3079 Posts |
Buy it only as a collectors item for the art work. AS copper bullion in bars, ingots, and rounds are just about useless. IT is a very hard metal to melt and cast into anything. High temps and zero oxygen environment make it difficult for the home caster. All wire is made oxygen free and has to be even purer than the rounds so it all has the same resistance per inch! It is sold at the Local gun shows from 1/4 ounce to 25 pound ingots. For the new currency after the Apocalypse! At inflated prices, copper closed @ $2.128 per POUND of it. Even silver will be useless as they will pull their guns and take yours. Ammo and guns are a better investment to keep what you have and your family same. Besides I ask the same question to everybody touting PM's as the currency of the future. Who will be setting the value of the PM's, Plus how will you be dividing it for less than ounce values. PM's were useless when Venezuela had their crash a couple years ago. Ammo and Guns were the gold standard for barter. If you want to buy copper buy spools of wire that can be useful.  |
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Valued Member
United States
59 Posts |
I like that Circus and whole heartily agree. Thanks everybody for the great responses! Bottom line up front looks like I won't be wasting time/energy on copper bullion
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Rest in Peace
United States
18456 Posts |
 with john1 , however I did buy some one oz. copper rounds for my grandchildren from Provident a while ago. think I paid an average of $1.23 a piece for them . |
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CCF Advertiser
United States
1533 Posts |
You can invest in copper, just like you can invest in soybeans. You just need to use the futures markets and not take physical possession. Even silver is tough to invest in. How much is $50,000 in silver? Where would you keep it? Gold and Platinum are the only metals it makes any kind of sense to take physical possession of.
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Valued Member
58 Posts |
If you want to make a play on copper buy an ETF or copper company, the "bullion" copper rounds are so expensive you will never break even. They're nice as art pieces only in my humble opinion.
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Replies: 37 / Views: 7,196 |
Posted 07/08/2016 4:23 pm
