Copper Bullion - Coin Community Forum

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Author	Replies: 8 / Views: 1,318
ichirensha Pillar of the Community United States 560 Posts	Posted 09/16/2009 3:56 pm Copper seems to be heading back up. Besides collecting pre-82 cents, Has anyone actually bought copper bullion? I've seen a few nice looking copper bullion bars but here is a link to a ridiculous copper bar. There is 296% more copper in a pre-82 cent than this bar and the starting bid is $9.99 plus $3.50 shipping! http://cgi.ebay.com/ws/eBayISAPI.dl...250498862369 Report this Post to the Staff

mmerc20 Valued Member United States 372 Posts	Posted 09/16/2009 4:01 pm I like in that auction how the person says "I am not an expert in this field". They are a coin and stamp dealer! Do they say that to justify the high price? LOL Report this Post to the Staff
DVCollector Bedrock of the Community United States 10045 Posts	Posted 09/16/2009 4:05 pm Quote: .999 1 Gram Fine Copper Bar There's something amusing about this. 1 lb = 454 grams, and copper is ~$3/lb. Therefore, $10/gr = $4540/lb. Edited by DVCollector 09/16/2009 4:12 pm Report this Post to the Staff
cownas22 Pillar of the Community United States 1055 Posts	Posted 09/16/2009 4:06 pm the seller seems to be selling it as a trinket for necklace or bracelet. That could explain the $10 price tag. I for one think it would be hilarious if you had a stockpile of 1 gram copper bars. Maybe you could get some of those old micro army men and have them guard them from some ants....on a day when you are board with nothing to do this could be very entertaining. Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 09/16/2009 5:28 pm Not sure why copper is raising in price, since we are estimated to have 5,000,000 years of copper left at current extraction rates. Report this Post to the Staff
coindexter Pillar of the Community United States 869 Posts	Posted 09/16/2009 11:57 pm It's the cost of the mining equipment,tools,trucks,gas and employee liability insurance that keeps the price climbing. Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 09/17/2009 12:56 am Maybe I should try selling 3 gram "Ingots" of 95% copper for $4.99 with free shipping! Report this Post to the Staff
Gothic Florin Pillar of the Community United States 2541 Posts	Posted 09/17/2009 09:05 am I'm still not convinced that hoarding pre-82 cents is worthwhile, since I don't think it will be legal any time soon to melt these and transporting them to another country to melt down is waaaaaay to expensive. Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 09/17/2009 09:45 am How about some real copper bullion? Quote: ...we are estimated to have 5,000,000 years of copper left at current extraction rates. It's estimated that 95% of all the gold ever mined in the history of mankind is still accountable for, yet gold seems to be doing alright these days. Silver and copper have many industrial uses that gold does not, and the reclamation rate from those uses is very low (compared to the reclamation rate of gold). This necessitates more mining, and mining gets costlier with the progress of time. Edited by DNA 09/17/2009 09:45 am Report this Post to the Staff
	Replies: 8 / Views: 1,318

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