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Replies: 16 / Views: 5,073 |
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Pillar of the Community
United States
3079 Posts |
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Bedrock of the Community
Australia
21786 Posts |
What is a typical %age premium on copper rounds above melt value?
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Pillar of the Community
United States
1609 Posts |
Staff edit - post removed
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Pillar of the Community
United States
5825 Posts |
Quote: What is a typical %age premium on copper rounds above melt value? Go to ebay and see what they are selling for. Remember look at the ones actually sold, NOT what the ones that didn't sell were listed for.
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Pillar of the Community
 United States
3079 Posts |
Quote: What is a typical %age premium on copper rounds above melt value? Well they are way over melt, pretty much what the premium is, Current scrap price per pound is $3.140/pound across the US this is for chunk/large pieces Your local may be lower depending on the dealer. Now these rounds were bought bulk @ my local coin shop he got a deal on close to a 1,000 of them and gave me a great price. Since I am interested in the art work on them, I buy what I like even figuring the die costs and other manufacturing costs. They were about a buck each. Now before the local trade/flea market closed and the local gun shows ended there have been a number of vendors trying to hump them at over the top premiums. from 1/4 ounce to kilo ingots. They were saying that they are the small change of the future after the Apocalypse nuclear, civil war, zombies or alien invasion. You would be better of to buy copper pipe,fittings or wire to use as barter fodder. As the conversion of scrap or ingot copper to something useful would near be impossible for the average person Copper wire to TIG welding rod are melted and extruded in an OXYGEN FREE environment! they are running in bulk numbers on Ampex from .99c up 500 About $2.00 retail and then they go up from there. They aren't an investment no matter what a dealer say  
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CCF Master Historian of USA Commemoratives
 United States
12267 Posts |
Quote: What is a typical %age premium on copper rounds above melt value? Today's spot price of copper is $3.11 USD per pound. As copper uses the avoirdupois measurement system (vs. troy), a pound has 16 ounces (vs. 12), that works out to 19.44 cents per ounce. I typically see one-ounce copper rounds offered at local coin shows for anywhere from $2.00 to $3.00 each. At $2.00 per round, the premium over spot is 1,029%; at $3.00, the premium is 1,543%. At $1.00, the premium is only 514%. Big percentage markup but small dollar markup considering the dealer's handling costs.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems 10/12/2017 7:20 pm
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Bedrock of the Community
Australia
21786 Posts |
I got some nicely intelligent answers; thanks for that.
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Valued Member
United States
330 Posts |
Commercial sites like JMBullion sell copper rounds at $1-1.50 per 1-oz round depending on how many you buy (expect that they'll be $1.50 each, unless you really want hundreds of them). From the rounds and bullion bars I've seen of copper, zinc, etc I find that the markups are massive relative to the metal value. So they're nice as collector items, just don't believe anybody who's advertising them as investment pieces.
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Pillar of the Community
 United States
3079 Posts |
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Pillar of the Community
 United States
3079 Posts |
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Pillar of the Community
 United States
3079 Posts |
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Pillar of the Community
 United States
3079 Posts |
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Pillar of the Community
Norway
1358 Posts |
Markups of copper rounds are excessive and honestly, not worth it, as copper isn't a precious metal. The only thing you pay for is the design, production, administration and handling. That makes that a copper round is more expensive than just the metal.
ps. That doesn't mean that some rounds don't have stunning designs, though. It's just that you have to be really, really, really careful to keep them that way and very much love them to invest in them, as there's little chance you'll ever get your money back.
Edited by UltraRant 10/21/2017 07:01 am
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Pillar of the Community
 United States
3079 Posts |
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Pillar of the Community
 United States
3079 Posts |
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Rest in Peace
United States
18456 Posts |
I bought a few different ones from provident about 3 years ago as a novelty because they were cool looking . paid about $1.23 on average per round . Don't buy them if your thinking of making a killing in the near or distant future , just won't happen . 
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Replies: 16 / Views: 5,073 |