Anyone Buying Copper? And if you are Why?

90% coins trade at a significantly higher price per ounce than 92.5% sterling silver. Even though the sterling contains more silver, the rest of its composition is unpredictable, so refiners offer less for it. (There's also more demand for 90% coins as 90% coins, so often there's no smelting expense involved at all.)

If the nominal price of copper goes a lot higher, I'd see the same thing happening with copper cents. I don't know how important "legal to melt" would be, if most of them are swapped without melting.

They'll still be bulky, dirty, and unpleasant to deal with, though.

 

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Hmm, sounds like every day at the Capitol to me.

 

Gotcha, no apology needed. If anything, I was hijacking this thread by talking about my dirty penny collection.

It's not really so much "investing" as it is just good 'ole fashioned hoarding, I suppose.

 

Fair enough, and thank you.

Also, when copper buying (or "investing") is brought up, I firmly believe the cent issue should be addressed and am glad you brought it up. Even if what has been said doesn't apply to you, it very well may to others even if not presently involved in this thread. Just think of how often we see old threads bumped by someone searching out info.

 

All things considered, there has to be someone out there who things investing thousands in copper (excuse me, BRONZE) cents is actually a good idea.

 

There are indeed. Just look at the money being made selling such cents at a premium. Unfortunately for those buying them, there is a great difference between "investing" and actually pocketing the expected return...

 

Sadly, yes. A worse investment than "unsearched" wheaties. (At least you can give 'em to your kin to make yourself the cool uncle.)