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 Replies: 16 / Views: 4,430 |
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Pillar of the Community
United States
3670 Posts |
I know the numbers on copper and the short comings via tons and all, like 6 bucks a pound right. I see buy it now's for around 5 bucks for this 1 oz coin, yet this guy here draws bids up to 10.50 with 2 bucks shipping.... http://cgi.ebay.com/Copper-American...em4cf6cca727Why? Why do these people push these up? I see this guy here below has 100 for 157 total, so a 1.57 each. If you can get 13 to 14 bucks now each, and who knows how much in a year, or two, or five and so on. Forget the old school numbers, that no longer applys if these less educated people keep buying these things in large numbers for novelty, thought of future profit, whatever. I am gonna keep watching, might be worth buying 20 for 36 bucks (what is that 1.80 each or around $21.60 a troy pound, lol, again who cares if they are paying 13 plus each, which is like 156 a troy pound rof  ) and seeing if one could get 12 each, then turn that money made into silver. That would be a cheap fun experiment eh.... http://cgi.ebay.com/100-1oz-COPPER-...em5643dae3bcThis guy here from above with 100 has 20 for 36 below, and his prices are the lowest on ebay for this 1 oz copper Eagle.... http://cgi.ebay.com/20-1oz-COPPER-A...em53e74e1aa0Bottom line, if you could clear 12 every time, that would be o.k., but that would not happen. Perhaps a 100 stashed away for 10 or 20 years may be a smart buy, no telling what the masses may pay one day for these.... Edited by Silverhawk74
04/29/2011 03:24 am
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Moderator
 United States
14463 Posts |
If I figured it right: 20 coins of 1 oz each, only works out to spot value of $5.30
A price of $36 is a nice profit margin.
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Valued Member
United States
310 Posts |
Copper in Billion form has always carried a premium. It's just not readily available.
1 pound bars go anywhere from $6-12 dollars.
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Moderator
United States
14463 Posts |
even at $12 per pound:
20 coins of 1 oz each, that works out to spot value around $15, with a profit of $21
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New Member
United States
1 Posts |
So you're complaining that the prices of copper AE are too high or you find it funny that people are paying that much?
You may know coin value, but you obviously don't know simple business tactics or maybe you do but are just too far beyond buying copper.
Take this for example, the guy who sold it for 10.50 and the guy that bought 100 for $157. If the second guy sells those hundred to people that buy them for 10.50, how much has he made? $1,050.00! So he's pretty much made over $800 in profit, if he also pays for shipping. Even if he cleared $5.00 per, he's at least doubled his money.
So while you're "ROFL" this guy's made a stash of cash and LATWTTB (laughing all the way to the bank) while people are fighting to pay well over the spot on silver.
Some may say copper is the new silver, well if the silver people don't know and don't catch on, it very well could be.
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Moderator
United States
14463 Posts |
I just think its funny/strange what people buy at times. Bet the seller could cut me a great deal on a bridge  |
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Valued Member
United States
293 Posts |
Who mints those ACEs? I hadn't seen those before. At a recent coin show, I saw 1/2 and 1 lb copper bars with Indians, Am Eagles, etc. imprinted on them, but not actual 1oz coins. Are these "official" or just someone's smart idea for marketing 1oz copper? I wouldn't mind having a roll of them...definitely interesting. But I don't know about $36 for 20oz copper...
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Pillar of the Community
United States
4008 Posts |
So how come we don't see any ATEs (tin)? Seems to me that these would be more attractive coins than copper and would be worth more ($7.40/lb vs. $4.40/lb). Might be kind of cool to have a tin coin. Anyone know if a tin coin is minted anywhere in the world? Any place where tin is mined and processed would be a good choice.  |
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Pillar of the Community
 United States
3670 Posts |
Edited by Silverhawk74
05/05/2011 02:01 am
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Pillar of the Community
United States
3670 Posts |
I put stuff on my list like this to see if any one buys it with no plans to buy myself, and these 500 copper ASE's sold for 712 total. Makes me think many are planning to cash in way down the road perhaps, as even though I do see the occasional bad bid on these coins up around 10 bucks for one like mentioned above, many end at 3 bucks with no bids however.... http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:ITEdited by Silverhawk74
05/05/2011 3:33 pm
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Pillar of the Community
United States
4897 Posts |
I like it. Wonder who minted it? I would buy it for $5-7. Just to have one.
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Pillar of the Community
United States
4897 Posts |
A quick google search shows them being sold directly for $9 each. Also, they use avoirdupois weight so they are a little less than a troy ounce.
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Pillar of the Community
United States
4008 Posts |
Quote:
Here is a nice tin Buffalo bar 1 oz., (the ol buffalo finds his way onto many metals seems like) around 14 bucks, looks like silver.... I like that a lot and have GOT to get me some of those!  |
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Rest in Peace
United States
9104 Posts |
If you cater to tightwads customers who aren't ready to lay out the big bucks right now, be sure to stock up on these: http://cgi.ebay.com/11068541515060¢ for ¼ ounce. |
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Pillar of the Community
United States
3670 Posts |
Good one Fredd, .... So 25 oz. of 100 total 1/4 oz. copper rounds for 60 bucks.... That breaks down to $2.40 per oz., and copper is how much a pound, seems like it is around 6 bucks a pound, not much premium there eh, lol.... |
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Rest in Peace
United States
9104 Posts |
What gets me is people paying $10+ an ounce for copper, when we offered a wide selection of silver rounds at $9.95 in holders, when silver was $6-8 an ounce.
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Replies: 16 / Views: 4,430 |
Posted 04/29/2011 03:36 am
