Thread: Copper Bullion as an investment

Does any one here have experience with copper bullion? There are a few sellers of bullion bars, rounds, and shot.

Personally, I like the shot. Strickly, as a speculative hold, I am attracted to the idea of holding copper bullion (priced near spot in clean packaging).

Any opinions.

The Cohen Mint sells nice copper blocks you can use as a door stop or conversation piece. Physical copper bullion is a storage problem.

Investing in Copper.. Thoughts?

Copper (bullion) bars, kinda pricey...

Yep, we covered this before. But the best way to do it is with pre-1982 pennies. You can't melt them down, but at some point in the future, they will carry a premium from dealers, much like "junk" silver.

The Copper Cave has a wide selection of copper and silver bullion. It is coupled with excellent service. http://coppercave.com

Originally Posted by Market Harmony

The Copper Cave has a wide selection of copper and silver bullion. It is coupled with excellent service. http://coppercave.com

I have used the copper cave before. Nice products. I perfer the shot from BullionCopper.com.

I was mostly curious if any one here had better ideas for obtaining copper. Right now, my favorite has been the shot bags from BullionCopper. I am open to considering another form if it made sense/cents to me.

I have searched rolls for pre-1982 cents, but have not located enough to off set my time or interest. I do think Zinc might be pricy in the future, at least for a while.

Why not invest in a copper mining company. This way you have leverage on the price of copper. Of course, you should do homework on which companies are worth while to invest in.

I think you're wasting your money. It's easier to pull copper cents out of circulation for 1/2 of the spot price.

As I have said before and I'll say it again, "anyone investing in copper as any form of bullion is either mentally unstable or has to much time (and storage space) on thier hands. This post is not aimed at the OP at all but the subject in general.

Let's put it this way, come to The Knoxville Coin Show on March 13th, 2010 or for that matter any time each month we have the show and any year for that matter. Bring any or all your copper bullion and then treat us all to the "laugh of the day"! There you will find no dealer, no customer, nobody will even be able to let you finish your statement or inquiry regarding copper as bullion. No one will buy it, no one will sell it and no one will even be interested in your words regarding such. You will have stronger arms and back (if not broken) from the endeaver. Now with all that said you may of course do whatever, buy whatever, and store whatever you choose, it's up to you. This copper as it may relate to any aspect of bullion investing is just insane. I mean just think about it, you have some friends or relatives over and at some point in the converstion you say. "hey guess what I got a bunch in the garage?"
Then as everyone is falling asleep or laughing you think or come to your sences, "what am I ever really going to do with 10 tons of copper"???

They're Coming to Take Me Away Hahaaa!

I wonder what people said about the lunatic that saved large cents back in 1850. He was crazy. Maybe they laughed at him. What does a large cent go for now-a-days? People complain about leaving debt to their children. Ever consider leaving your children something to pay for that debt? If you have 30,000 large cents, what could you buy?

In the new bill to cut government cost, the Treasury department is seeking to take away the right of congress to mint money and put the discrepancy into the hands of the mint to change the alloy and size of coinage to be more cost effective. If they should decide that pennies or nickels cost too much, they might alter them. They already have altered the penny in 1982 by changing its composition from 95% copper to 2.5% copper, and they made it lighter as well. What if they decide pennies will be made out of steel from now on? What does that do to the copper and zinc pennies that are out there now? How many people thought those hoarding silver coins where weird? At 10-12X face value, I doubt anyone today thinks "junk" silver investing is weird. Imagine if grandpa had the foresight to put away $2000 face in a box for you one day. Would you be happy, or would you call him a crack pot?

Originally Posted by SilverSurfer

I wonder what people said about the lunatic that saved large cents back in 1850. He was crazy. Maybe they laughed at him. What does a large cent go for now-a-days? People complain about leaving debt to their children. Ever consider leaving your children something to pay for that debt? If you have 30,000 large cents, what could you buy?

In the new bill to cut government cost, the Treasury department is seeking to take away the right of congress to mint money and put the discrepancy into the hands of the mint to change the alloy and size of coinage to be more cost effective. If they should decide that pennies or nickels cost too much, they might alter them. They already have altered the penny in 1982 by changing its composition from 95% copper to 2.5% copper, and they made it lighter as well. What if they decide pennies will be made out of steel from now on? What does that do to the copper and zinc pennies that are out there now? How many people thought those hoarding silver coins where weird? At 10-12X face value, I doubt anyone today thinks "junk" silver investing is weird. Imagine if grandpa had the foresight to put away $2000 face in a box for you one day. Would you be happy, or would you call him a crack pot?

You may of course save and store all the copper you want but I as a copper coin specialist, dealer, searcher and collector will not be doing it.
I do know about 100 dealers and 1000 collectors that do not see this as bullion either.
Different strokes.

You can always sell your copper "bullion" to a scrap company if the price goes high enough I suppose, but I really don't see another market for it outside of that.

Originally Posted by bqcoins

You can always sell your copper "bullion" to a scrap company if the price goes high enough I suppose, but I really don't see another market for it outside of that.

"always" might not always be true. while there is no specific law in place at the present time scrapping coins for their precious metals content has been targeted and discouraged by some govt grumblings. If people began scrapping cents en masse and to the detriment of our currency, there could quickly become stiff penalties for scrappers and scrapees put in place.