Copper Bullion as an investment

Discussion in 'Bullion Investing' started by sunflower, Feb 18, 2010.

  1. sunflower

    sunflower New Member

    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.
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  3. krispy

    krispy krispy

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

    krispy krispy

  5. krispy

    krispy krispy

  6. SilverSurfer

    SilverSurfer Whack Job

    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.
  7. Market Harmony

    Market Harmony supplier, buyer, refiner

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

    sunflower New Member

    thanks, copper...

    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.
  9. SilverSurfer

    SilverSurfer Whack Job

    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.
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I think you're wasting your money. It's easier to pull copper cents out of circulation for 1/2 of the spot price.
  11. bhp3rd

    bhp3rd Die varieties, Gems

    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"???
  12. krispy

    krispy krispy

  13. SilverSurfer

    SilverSurfer Whack Job

    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?
  14. bhp3rd

    bhp3rd Die varieties, Gems

    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.
  15. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    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.
  16. krispy

    krispy krispy

    "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.
  17. smullen

    smullen Coin Hoarder

    I was just going to ask... So say you have a hundred or so of these bars and decide to sell...

    Who the heck is going to buy them????

    I've never seen any local places... Seems like shipping and insurance would eat up the majority of the profits...

    Never thought about scrap companies...
  18. happycobra

    happycobra Senior Member

    Don’t want to get into the “good idea, bad idea” argument.

    I just to say that a lot of the bars are really industrial grade C110 copper bars that have been polished and stamped. You can buy copper bar stock (the low end price range) for $4-$7$lb.

    Some times you can find C101 “cakes” that are %99.99. These are factory rolled bars sold as raw pure copper. These are the bars with the round edge. People are just cutting the bars on a band saw, stamping logo on them and asking $20lb for $3lb product

    C110 H04 bars are 99.90% copper
    C101 is 99.99% copper.

    Bored? Do a search for C101,C110, C-10100, C-11000 copper and you’ll see.
  19. metalsinvestor

    metalsinvestor New Member

    I've purchased a few ounce coins and pound bars from Provident Metals. They're one of the few online bullion dealers selling copper coins and bars. While storage of large quantities is an issue, copper is an inexpensive alternative investment that's seeing extraordinary interest. Things like this are worth what you can SELL them for.

    Certainly can't hurt to have a good cache' of copper coins and bars on hand (up to 50 oz) for any emergency situations. This will be a less expensive alternative to silver. Use your copper before dipping into your silver supply
  20. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    First, welcome to CT.

    Second, make sure you check the dates on threads... you just posted in a thread that was dormant for more than 13 months.
  21. metalsinvestor

    metalsinvestor New Member

    Sorry for the oversight. I didn't see many responses so I thought the question wasn't very old. I'll keep that in mind next time.

    Regards,
    Nathan Williams

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