Why Do People Buy Copper Rounds?

Yeah, keep it on the light side.

 

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I have a few. They are cheap enough not to worry about too much - and some I really like. Such as:-

(Also comes in silver)

 

I seem to sell alot on ebay, I use the profit to buy silver & gold

 

From that perspective, looks like a "hole" (through the token) in the bottom of his gold pan. That would be clever. Is it a hole, or just a shiny place in the design?

 

Just reflected light. I'd actually quite like the silver version but it seems not to easy to get in UK.

 

The Human Race likes shiny anything.

 

I wonder why people worry about what other people spend their money on.

 

Because sometimes serious misinformation gets published here, and newbies (because they see bad decisions in print) believe it, and down the line, that bad advice makes them give up coin collecting due to their high but unmet expectations.

Collectively, we can help prevent that negative outcome.

 

My 8 year old son likes to buy a copper round at each coin show we go to. I do make sure we find the cheapest dealer since the prices can vary and they are just fun tokens. We have about 8-10 different designs. They are fun to have, but that's about it.

 

There are some copper coins that can be gotten at near spot for copper but that could have some numismatic value as well. English large cents for example. They go for around 12 1/2 cents each in those foreign coin bins, and a couple of years ago they were worth almost that. Now it's slipped, but they are still a pretty nice large copper coin for not much money. They have some numismatic value as well, and I have even fished out 1700's coins on occasion!

 

Oh my goodness. I can understand giving people advice if they're going to buy 1000 or 10,000 and thinking it's a solid investment, I really do. However, I highly doubt anybody is going to make that type of assumption without doing some due diligence. These things usually cost from $1 to $3, and I highly doubt anybody on here can tell me they've never spent that on something for the heck of it.

I do understand the forum title is bullion investing, so why do so many feel the need to act like they're the leader of the consumer protection agency.

 

Why do people buy copper rounds??
I think its because the people who do buy them knows for a fact that it will start off a topic on a forum somewhere.[emoji87].
Awww guys weve fallen for it again.[emoji30]

 

Yes. Let us know when you turn out your first batch.

 

To get rich quick.

 

I bought a few copper rounds because: (1) I love copper. (2) the ones I bought have great designs. As a numismatic it is always nice to have some pure copper laying around. Like for specific gravity comparisons, et al.. I agree many folks are charging much too much money for them.
GSDykes

 

I like really old copper coins, because you can get them fairly cheaply and they are really interesting, but as bullion I don't think so. Why not just buy some copper pipe and stash it in the barn? It will hold its value and can just sit there waiting until you either need it or take it to the metal place.

 

I think we have to look at this objectively (and disdainfully) from the point of view of a retail product and most certainly not a consideration of physical investments. This, to me personally, is the only way to understand this madness.

Kitco currently has the spot price of copper at $2.90 per lb. This means the actual metal value of 1 ozt copper bullion rounds is roughly $0.19 (2.90 / 14.58). In order to see you regain your investment at metal value at $1.50 per copper round, you would need to see the price of copper at around $23 per lb.. not likely to happen soon.

Part of the driving motions behind people beginning to horde the devalued copper 'bullion' is simple marketing. They are visually appealing, their low unit price is affordable, and there is quite a bit of speculative horror stories about the end of times driving the prices through the roof.

Will record prices in copper be seen in the near future? I'm not going to bet my money on it, but if you want to stockpile copper certainly you should be paying what it's worth.

Retail copper bullion isn't the answer. Old US Lincoln cents are more reasonable way to gather an investment in copper and they are readily available in your pocket change.

But if you want straight up market-price copper, I suggest you find a recycle center in your area and see about attempting to buy scrap from them by weight.

However if you are dead-set on adding the appealing secondary market stuff too your holdings, I would suggest buying it in larger sizes like 1 lb bars. The fractional prices are just to extreme in my opinion.

A sidenote: I'm confidently doubtful a pocket-full of copper coins is going to help you change the mind of a Zombie set to its hungry purpose. They seem a bit sociopathic to me...

 

But copper rounds are for sale because people buy them. Actually when you think about it they are cheap, decorative and at worst, mostly inoffensive.

The world revolves around people adding 'value' to items and reselling them. Personnaly cannot see anything wrong with that. Not sure that many folk buy them as an investment - I don't even buy silver bullion coins for investment. They are interesting and fun to collect.

 

They make great stocking stuffers, great for the tooth fairy, cheap enough to give away. Members of some groups will buy anything with group name on it. They have been great sellers in the antique mall. Takes explaining to some people they they are not "real" coins. Just novelties and don't expect a great increase in value. Just imagine how many could be sold and for what price on HSN with all the hype they put on coins.

 

It hardly matters in this context, but many copper rounds are actually avoirdupois ounces, not troy. So, even less.