| Author |
Replies: 16 / Views: 7,317 |
|
Valued Member
United States
286 Posts |
Does anybody know why copper bars are going for such a huge premium on ebay? I'm sitting here looking at copper sitting at 4.32/lb and people are getting 3 1lb bars for 35 Bucks what am I missing?  Edited by northwestseeker 01/29/2011 3:01 pm
|
|
|
|
Pillar of the Community
United States
7123 Posts |
The processing costs associated with molding the bars. copper is fairly expensive to process from collection to finished costs ,energy costs alone to smelt the metal, molds to accept the molten metal, and then of course wages paid for both as well as mining or other collection processes.
It all adds up to about 10 bucks a pound I would imagine.
|
|
Pillar of the Community
United States
2589 Posts |
maybe I should buy some ingots and smelt my own to sell, at that price it would be worth it!!
|
|
Pillar of the Community
United States
7123 Posts |
2000 degree smelter and you're in like flynn.
|
|
Bedrock of the Community
United States
10982 Posts |
I bought a few 1 lb copper bars on ebay in 2008 for $15 each. The going rate for these today is $15-$20 each. If you can find them for $10, it's a pretty good deal. They make great conversation pieces and are a nice novelty item as well. The copper value alone is but one part of the value. An interesting tidbit of trivia: With the density of gold being almost exactly 2.2 times that of copper, 1 lb copper bars are the same size as 1 kilo gold bars! 
|
|
Pillar of the Community
United States
7123 Posts |
Insightful post Bherring, I admit I save copper from the jobsite, to collect a pound is not exactly fast, I have the means to smelt the copper, and it's a time consuming as well as energy consuming endeavor.
I have quite a few sticks as I call them of copper,nickel and brass.
the molds I inquired about were over five hundred each, I made one that works for me.
|
|
Bedrock of the Community
Australia
21786 Posts |
Would it be useful to spray clear acrylic lacquer on copper bars to stop patination or verdigris getting a hold?
You wouldn't do that to new copper coins, WOULD you? But, maybe copper bars?
|
|
Pillar of the Community
United States
7123 Posts |
you could use laquer, personally for the sticks I use a light oil, the difference between bullion bars and coins is immense, a person could actually polish a bar with 5-O steel wool and not actually damage its value.
|
|
Pillar of the Community
 United States
2448 Posts |
Wait and see what your local coin show offers. I bought a few 1/2 lb ingots for $4 each while in Baltimore. I used them as gifts.
|
|
Valued Member
United States
155 Posts |
I recently refinished a desk from 1957 for my home office and have been chomping at the bit to pull the trigger on a nice shiny copper bar to use as a paper weight and to add to the desks appeal. The drawer pulls are all solid copper and they polished up super nice. I too inquired about smelting my own and molding the bar myself from salvaged copper and decided it is too dangerous and too costly to attempt. But I will be buying one soon if I can find one for between $10 and $15. Great question, I can't wait to read the future responses.
|
|
Valued Member
 United States
286 Posts |
metalman do you have pics of the rods? it would be pretty awesome to see em...
|
|
Valued Member
United States
171 Posts |
buying copper bullion makes no sense......there is no numismatic value in that and you would be better of buying copper pennies....even though that method is suspect
|
|
Valued Member
United States
183 Posts |
It has to be the novelty aspect of value, not an investment. You won't find someone investing $1M on copper at triple melt value.
|
|
Pillar of the Community
United States
1007 Posts |
I bought a 1 pound copper bar on ebay for $9.99 + $5 shipping (in one of those USPS flat rate boxes). It was just for fun, not an investment thing. It's glossy and shiny like a new copper cent. It goes well with my silver ingots. I was thinking of picking up another for fun and maybe a one pound nickel ingot. I've noticed 1 Kilo copper bars for around $22 but I don't think I want to go for one that much.
Edited by matchbox 01/30/2011 2:34 pm
|
|
Pillar of the Community
United States
2589 Posts |
"You won't find someone investing $1M on copper at triple melt value." if you ever do find someone like that, inform them I have a bridge to sell, one made of copper
|
|
Bedrock of the Community
Australia
21786 Posts |
Collect copper wire instead. It's pure, and it's more readily useful. And it can still be ebay'ed if the quantity is useful enough. I used to do that as a kid, scouring the local municipal rubbish dump. I would sell what I found to a scrap metal merchant, who was a friend of my dad. I sold copper scrap at three shillings and ninepence per pound. That is how I obtained the finances to start my coin collection in the 1960's. there is no way I could pay for some of those coins now!
|
| |
Replies: 16 / Views: 7,317 |