Copper Bars.

I was looking to buy copper bars. I would love to know the value of one bar. And how much it weighs. How much will be a OVER PAYMENT, and what is a STEEL . I would love to know.


Thanks

Ricky

 

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I checked into this a couple of weeks ago. Copper was going for a little over $4.00 a pound and there are 453.6 grams in a pound. So, very roughly, copper is worth about 30 cents per Ozt.

 

I've only noticed copper bullion on one site, I can't recall what it was, and the one ozt bars and rounds were going for about $1.80 so I guess that would be about what you would expect to pay for the ozt, even though its about 5 or 6 times what copper is worth.

 

IMHO I would not invest in copper. Take your money and invest in gold silver or another precious metal. You never see your returns in copper they way you would in precious metals. I do understand like everything else some say yes and some say no. I'm just giving my honest opinion. Good luck whatever route you choose.

 

you would be better served in copper to just sort out pre 1982 cents...and weight any 1982 cents and 1983 cents to see if they are over 2.50 grams roughly supposed to be like 3.11 grams... but I keep find stuff from 3.07-3.19grams

 

I think this is a cool copper

 

I searched this up a while back and the cheapest (reliable) place that I found was http://www.providentmetals.com. They sell up to 1 kilo bars of copper which are just under $20.

I wouldn't buy copper bullion as an investment but it would be cool to have 1 kilo bar of pure copper sitting around.

 

I think that copper as a commodity metal will have a upward movement as the world countries start seeing increased manufacturing. But that may be years away. Copper at 3.55 per pound is about a dollar cheaper than 9 months or so ago. It is so bulky compared to silver and gold, it is harder to ship and store. I agree that pre-1982 cents is probably the best way, but if you want pure 99% copper, check the Home Depot or Lowes for the high quality copper tubing pipe as it is priced more to the commodity than the copper bullion items, and delivery costs are figured into the price.. If you later find the passion and the equipment, you can melt the pipe into bars or make the rounds yourself and sell them for over cost, or plumb your new home. IMO.

Jim

 

Go to your local scrap yard - you might be able to buy a couple of 100 lbs at spot or so.

 

You never specifically said this was for investment purposes, but if it is, then it is a bad investment and many of the suggestions above are better. But if it is for collection purposes and you don't care whether or not you ever make money, then just compare the price at 3 or 4 dealers and buy what you like.

 

^ yeah, what he said!

 

And also a neat way to do the separating is to drop the cents on a hard surface (come on! these are not collector coins, we're talking about bullion) and listen to the ring. Copper will ring, zinc will not.

 

Copper bars are neat conversation pieces...and handy around the house. I have two at our summer home that are five pound bars that I use as weights to hold the tablecloth down on the outside table. Picked them up a long time ago in Salt Lake for about $1.50 each. Cheaper than Walmart tablecloth holders!
Guy

 

I always thought it would be cool to have some sort of bullion product around the house that was larger than a few ounces, so I picked up a kilo bar from my local coin shop for $15. Seems like $15 - $20 is the going price range for a large amount.

 

I too am thinking of copper. Specifically pre 82 cents. The reason is when copper never rises, i can just cash it in. Or when copper does go up, i don't have to melt or scrap it, because it will sell just like silver quarters now. Being a homeowner I have the space to store it. I thought about Nickels because you are playing 2 metals and you don't have to sort them, but they have less bang for the face value and are larger and cost more per box. My issue is the time spent sorting are re-rolling. You are loosing time (which is money) and any money spent on coin roll paper and automatic rollers.

Then it hit me. Just buy the bank boxes, stack them in my basement, and let em ride. Don't sort em or anything. IF copper goes up high enough to make a good profit in the future, it will then be worth the time and effort to sort the rolls.

Opinions?

 

Anaconda Copper

How is this for copper memorabilia, the sheet is about 6 inches by 8 inches, found in a junk store.

 

I got tired of roll searching (whether penny rolls for copper or dime/quarter rolls for silver)
I don't have a scale that's sensitive enough, so I cashed in any 1982's along with post-1982's.

 

Seriously, try this: Drop a pre-82 penny on a hard surface and then drop a post-1982 penny on a hard surface. The difference in sound is very easy to pick up.

 

At times when I thought copper was going up, I would buy it. WHat I chose to invest in is copper romex. I wait until its on sale when I think the price for copper is low and buy.

The reason I have thought of this is I was an electrician growing up and in college, (father owned electrical company), and he would do this frequently. He bought pallet and truckload quantities though.

You would be surprised how closely especially 12/2 tracks the copper market, and how easy it is to sell half a pallet when copper goes back up.

You really do need quite a bit of space to really invest any money in copper.