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 Replies: 31 / Views: 10,675 |
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Pillar of the Community
United States
3670 Posts |
I spotted this auction doing a search for silver rounds because of the key word silver in the title. Since copper is so cheap right now, if it indeed took a similar path to silver in the next few years (I don't expect it to hit 35 bucks an oz any day soon), would it not make much sense to invest in some now while it is cheap? These here below caught my eye because they look like the platinum coins with the Statue of Liberty. A row of 20 at 1 oz each seems pretty reasonable at 35 bucks, is this a good deal? http://cgi.ebay.com/ws/eBayISAPI.dl...:MESINDXX:ITIf copper ever hit 25 to 30 bucks an oz, it sure would be nice to have 80 or 100 of these coins stashed away perhaps.... Edited by Silverhawk74
03/11/2011 01:46 am
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Moderator
 United States
14463 Posts |
I hope it doesn't get that high. Today, construction sites for new houses have to watch for people stealing copper wiring.
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Pillar of the Community
 United States
3670 Posts |
I also heard a story Fuzzy locally where....I think it was Holston gas company, had some thieves come in a steal a large amount of scrap copper off of some crates. Used heavy machinery an everything in daylight, just looked liked they were supposed to be there, and they had it all on tape via security cameras, but they were long gone by the time they viewed the tapes. I never heard if they were ever caught or not....
Edited by Silverhawk74
03/11/2011 02:13 am
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Pillar of the Community
United States
2734 Posts |
This forum is full of Copper Cent hoarders.  And then there's Nickel hoarding. The "melt value" of standard U.S. "clad" (cupro-nickel) coinage (1965-present Dime and Quarter, 1971-present Half-Dollar) even now is about 25% of their face value. Now, about those rounds. Twenty of them are 1.25 lbs ADVP. Copper is (as of today) $4.24 per lb ADVP The twenty rounds you linked to (sold for $35.00 per twenty) have $5.30 in melt value, total. I do think the rounds are interesting collectibles, but pre-1983 Cents are by far the most cost-effective way to "buy" copper. Edited by DNA
03/11/2011 02:15 am
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Pillar of the Community
United States
3670 Posts |
Penny hoarding not my thing, can't really explain why, funny quirk lol. I have nothing against you penny hoarders via copper or rare dates or whatever, everybody has their thing so to speak. I just figured these above would a nice simple way to stash say 120 coins free shipping at 210 dollars, 120 oz all nice looking coins and be done with it in one simple transaction. Not a bad start on copper for 200. The same investment on silver if one put it in a nice 5 oz coin with box for example could be found for around the same amount of 200 dollars....
Edited by Silverhawk74
03/11/2011 03:59 am
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Pillar of the Community
United States
3184 Posts |
think about in 1964 and 1965, people were paying only a few face value for silver coins but now silver coins go for 25x. I bet that in years to come, copper could be worth more than 3x face value
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Valued Member
Canada
442 Posts |
provident metals sells copper bars by pounds and kilos, but they are about 2x spot. They're nice, and may perhaps one day be more valuable. It is a bit of a gamble though.
I've been thnking of picking up a few just to say I own kilo bars of copper :P
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Pillar of the Community
United States
4212 Posts |
Anyone wanting nickels, I have 100+ boxes for face + shipping. All post '60.
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Valued Member
Cyprus
349 Posts |
i wouldnt consider copper the next silver
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Pillar of the Community
United States
2168 Posts |
While I have been just keeping all coins, I have separated out the copper pennies. I think nickels are probably a better and easier to store/collect right now. They have copper plus the nickel. I feel if the copper goes up a lot, the nickel will as well so a better and easier coin to collect in my mind anyway. I have been sorting through some nickels and have found quite a few pre 1960 including a silver and buffalo and I only looked through $30!
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Pillar of the Community
United States
2734 Posts |
I'm on the Nickel train myself. More space-efficient to store than Copper Cents, no sorting needed (except to pluck out the occasional War Nickel!), intrinsic metal value in the range of a cupro-nickel Quarter.  |
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Pillar of the Community
United States
2168 Posts |
Yes, me too. And while I just was going to put them in a box and keep them for a rainy day, I did look and the look was worth my finds! If you are a person that keeps some cash in the house for emergency, what can it hurt to have a few hundred dollars of is in nickels. I just feel that if the metal becomes worth more that would most likely mean the economy is a mess. So having those nickels will most likely help. If the economy rebounds and thrives, you still have those nickels and no actual cost for them. Silver/gold are at great premiums now. Nickels although not that mighty now, cost basically nothing but converting a little cash to a different form of cash. This is especially good for those that cannot afford those silver coins at almost 25% over face! I actually am just keeping all my change-there is metal in all, dollars are basically paper and will have no value if our currency collapses
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Rest in Peace
United States
9104 Posts |
Quote:
I just figured these above would a nice simple way to stash say 120 coins free shipping at 210 dollars, 120 oz all nice looking coins and be done with it in one simple transaction. Not a bad start on copper for 200. For about the same money, you can buy a 34# bag of wheats or 2-3 bags of pre-82 common dates. If you want to speculate in copper, your idea will give you 7.5#, versus 34 to 100+#. If copper never goes anywhere, or back to $2 a #, you'll have $15 worth of hard-to-sell copper, versus coins you could spend for $50-150. Not to mention having fun going through a bag of wheats. |
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Pillar of the Community
United States
1213 Posts |
I don't see it doing what silver is currently doing, however I will continue to save all the copper cents I come across. So far I have about 6 of the WWII Army Cartridge boxes full of them. I don't know how many that equates too, but I just keep tossing them aside. Maybe some day they'll be worth something more than 1 cent each.
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Pillar of the Community
United States
3670 Posts |
Good point Bigfredd 34 pounds to 7 pounds big difference there....
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Rest in Peace
United States
9104 Posts |
Dunno how standardized ammo boxes are, but I had $85 worth of cents in one that the bank got when they were short. They had to take them loose, tho.
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Replies: 31 / Views: 10,675 |
Posted 03/11/2011 02:12 am
