What about Copper ??

I was looking at some of the sites on line and they offer Copper rounds for dirt
cheap !! i was in the air conditioning business for over 30 Years and bright and
shiny copper was over $4 a pound !! many a day i came back from the scrap
yard with 2K in my pocket a good some of money in the early 80,s

 

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I still do a bit of scrapping myself. Copper, brass and aluminum. Have not turned any in in quite awhile, just hoarding right now. There's a guy in R.I. that sells 100 different one ounce rounds for $1.09 each with free shipping. It can be a nice sideline for trying to get all the different designs. I just picked up a one pound bar cheap for the heck of it. I'd sure like to see $4.00 a pound again. My local town landfill let's me take all the white goods off their hands to save expenses of shipping. I take them home, strip them and a friend of mine picks up the carcasses for straight metal content to the scrapyard in his town.

 

How much is "dirt cheap"? Right now copper is about $2.50/lbs or around $0.15/oz. You might be better off buying plumbing pipe from the hardware store.

 

Where did you get the 1lb bar ? i would be interested

 

I scrap all my jobs, Cash it in once a year.
Some years are better than others.

It would be more fun melting it into bars though.

 

It was from a site called Listia, it was the only one I could find there.

 

I will check it out, thanks

 

IMO, it will very quickly turns into a logistics nightmare: Where do you store the copper? How much will it cost to transport?

 

For me, I'm not a copper round or bar collector. This one I purchased was an impulse thing just to say I had one. A nice, hefty, conversation piece.

 

BTW, Listia is not a retail site, it's a credit site where you get rid of things for credits for things you don't want in exchange for things you do want.

 

Sounds very interesting ! do they have certain sections or is it just open ?

 

Under "Browse" you will see a section for coins or you can type in what you are looking for in "Search". I'm pretty sure you do not need to open an account just to look around. There are a lot of amateurs there with lousy photos but it's akin to Ebay where you have to sort out people with good feedbacks, good photos, etc. It is much more limited in overall scope though. The difference also, is a certain number of credits/points is equal to a certain dollar value which changes at their discretion. You will figure out that a lot of people think their silver is worth gold value, which can be intimidating trying to do the math.

 

Yes I played around Listia for a while. Its interesting but not really worth it. Its set up just like eBay but instead of paying with dollars you use your listia credits which you get some every day you log in and by doing certain activities. But the real way you get credits is by listing an auction where you give something away ( for the high bidders credits ). You will find its really a site full of garbage and when something of value is listed; even a silver quarter it gets bid through the roof. Its also a site of constant inflation so if you hold credits trying to save up for say an ASE you're going to lose a lot of value while you save up. I wouldn't doubt that it would take a million listia credits to win an ASE.

 

I remember once seeing someone list a book of forever stamps and it was getting bids like it was a 1916 D Mercury Dime Graded PCGS MS 70

 

Just found a 10LB bar at JM, very big !!

 

Yep. Grade A copper is currently around $2.50/lb. Last I checked, retail shipping costs (once you got past USPS flat-rate options) tended to be in the $0.50-$1.00/lb range. So you spend a substantial chunk of its value every time you ship it.

And at $5000 per ton, wherever you keep your "investment", you'd better have a very sturdy floor. A ton of copper (a couple of cubic feet), or a quarter-pound of gold (three or four rounds, each smaller than a silver dollar)? Hmm.

 

I could not agree more with everything you said. It can be quite confounding. A lot of kids on the site also, poor photos, no grading abilities, etc. I do find a "bargain" from time to time but I use that word lightly. BTW, have you seen the ASE's with a 5 Million credit asking price? Not gonna happen with this guy. The math is terrible...27,000 credits equal $1.00 U.S. dollar. I only deal with a half dozen people there whom I've developed a good relationship with that are willing to bend for me.

 

$

 

I feel listia could be a sustainable site if it due d something to limit the number of credits in circulation. Maybe you get the free 100 credits on sign up but then no more free credits. Then you have to "sell" something for credits. I was getting so many free credits that I had 15,000 at one point just logging in and doing the activities daily. Many people with multiple accounts just scamming free credits. When I listed half way decent junk I was getting crazy bids but I realized it would take forever to get anything decent and in that time my credits were constantly losing value.

 

Bars, coming soon. Gotta drag my brother from, the sluice box.
Maybe some recycled Copper and Brass Bars, it would, be fun.