According to coinflation, Copper (as of this writing) is around [FONT=Arial, Helvetica][FONT=Arial, Helvetica]$3.0407 a pound. So why are virtually all the copper bars on eBay going for more than melt? I mean, some of them are going for twice to three times melt!! Take for example this 3 Kilo bar: http://cgi.ebay.com/ws/eBayISAPI.dl...m=260197807292&_trksid=p3984.cALLBUY.m311.lVI 3 Kilos = around 6 lbs. So it should be worth around $18.00, and maybe a reasonable S&H fee. But it's at $24 and rising!! And that's before S&H!! [/FONT][/FONT]
why? Easy: 1) People are betting that the price is still going to go up. 2) People like nice shiny things. 3) Auction fever; 4) dumb.
Check out feedback, there are people paying alot more than that. Also check out what some are paying for aluminum and lead bars.
I think you have to consider that this might not be a financial transaction as much as a desire to own something cool and decorative. It's tough to put a price on that.
Okay, this is f***ing stupid....$130.00 BIN?? http://cgi.ebay.com/ws/eBayISAPI.dl...rms=Algo=MERI&ITS=Q%2BI&ITU=UCI&OTN=25&PO=Op1
Hmm, ive been looking around, and i think im going to buy some copper ingots..... Not much over metal value though.....
I completely go with 2) and mostly 4). Cody: Try edited and edited mixed in the pipe, plug, run. edit - Careful what ya type Carl, somebody might actually try that.
i was always under the impression that metal prices were in troy ounces and troy pounds. a troy pound only has 12 troy ounces i believe. so if the quoted $3.0407 a pound price is indeed in troy pounds, that would effect the price as well.
