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Copper Bars On Ebay What Gives?

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northwestseeker's Avatar
United States
286 Posts
 Posted 01/29/2011  3:00 pm Show Profile   Bookmark this topic Add northwestseeker to your friends list Get a Link to this Message Number of Subscribers
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
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Metalman's Avatar
United States
7123 Posts
 Posted 01/29/2011  3:08 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
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.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 01/29/2011  7:39 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
maybe I should buy some ingots and smelt my own to sell, at that price it would be worth it!!
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Metalman's Avatar
United States
7123 Posts
 Posted 01/29/2011  7:47 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
2000 degree smelter and you're in like flynn.
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BH1964's Avatar
United States
10982 Posts
 Posted 01/29/2011  7:49 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
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!

Copper-Bars-On-Ebay-What-Gives??
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Metalman's Avatar
United States
7123 Posts
 Posted 01/29/2011  8:24 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
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.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/29/2011  8:45 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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?
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Metalman's Avatar
United States
7123 Posts
 Posted 01/29/2011  9:19 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
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.
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carmykle's Avatar
United States
2448 Posts
 Posted 01/29/2011  9:44 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
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.
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Timmy30's Avatar
United States
155 Posts
 Posted 01/29/2011  10:51 pm  Show Profile   Bookmark this reply Add Timmy30 to your friends list Get a Link to this Reply
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.
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northwestseeker's Avatar
United States
286 Posts
 Posted 01/30/2011  12:01 am  Show Profile   Bookmark this reply Add northwestseeker to your friends list Get a Link to this Reply
metalman do you have pics of the rods? it would be pretty awesome to see em...
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bluemule31's Avatar
United States
171 Posts
 Posted 01/30/2011  12:33 am  Show Profile   Bookmark this reply Add bluemule31 to your friends list Get a Link to this Reply
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
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SilverFossil64's Avatar
United States
183 Posts
 Posted 01/30/2011  12:24 pm  Show Profile   Bookmark this reply Add SilverFossil64 to your friends list Get a Link to this Reply
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.
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matchbox's Avatar
United States
1007 Posts
 Posted 01/30/2011  2:27 pm  Show Profile   Bookmark this reply Add matchbox to your friends list Get a Link to this Reply
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
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 01/30/2011  5:28 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
"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
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/31/2011  01:13 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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!
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