Where to get copper at spot?

I have no problem getting silver @ spot or melt for junk but I can't find copper bullion for anywhere near spot. I am looking for between 10-50 lbs of copper bullion but not for atleast twice what spot is. Where can I get copper for around $4-$4.50 per pound?

 

Log in or Sign up to hide this ad.

Penny searching

 

I know what you mean. Typically I find one troy oz for $5, which is why I own no copper.

 

If I were you, I wouldn't bother with copper bullion. Just go with 1959-82 cents instead, although you can't melt them. I've never seen copper bullion at spot.

 

Home Depot.....

 

I'm collecting pennies. My coin guy sells 1oz coins for $2. That is $32 per lb and I refuse to pay those prices. Been looking on ebay and even 100lb lots will go for a 100% premium. Is it because copper has so much industrial/commercial use that makes the bullion have such a premium?

 

I think it's because copper is low priced, and people attach a premium so that they can actually make money.

 

Edited~ Buy/sell.trade offers can only be posted in the appropriate forums.

Jim

 

Dang DJ. Offers to buy and sell ain't allowed in this arena. Take it to a PM or the proper section......

 

oh, sorry i didnt know


Rules are here.
http://www.cointalk.com/t34131/

 

I bought a few of these copper rounds because of the Buffalo

 

Rewire you house then strip out the copper from the old wiring

 

You could save your money and buy a Comex contract at spot.

I'll never understand why or how people think fabrication and handling should be free. Could somebody please fill me in?

 

Spot price is what it would cost to have a futures contract delivered today. Anything smaller amount is going to cost more. Thus, in order to get your "bullion" at spot price, you would need to be purchasing 25,000 pounds of copper. Small user friendly amounts of copper in pretty bars or coins is going to have a significant premium relative to cost because the labor to make it, along with all the other costs is much much higher than the worth of the underlying metal.

This is why the notion of copper "bullion" is really just a notion. If I were you I would stick to collecting pennies 1981 and earlier. There are copper 1982 pennies, but the effort to sort these from the 1982 zinc pennies is not worth it.

 

haha man i just found 2 steel arounds in my basement with the walking liberty on it
and it says half dollar. its the size of a coffee mug bottom

 

The closest to spot you will probably find in a meltable and marketable form are Canadian pennies and copper wire. If you look hard you might find some bars for 2-3 times melt.

If you think base metals like copper are good investments, you might want to also look at 99.9% Canadian nickels.

 

I agree with some of the others..... buy copper wire.