Everyone always wants to save the old series when they become scarcer in circulation. However, they almost always would have been better off saving nice new issues currently in circulation. BU washington quarters in the 1930s are worth more than almost any SL quarter for example.
Yes, but smelting copper would eat up any profit unless copper goes to $10 or something. Scrap dealers always paid the highest for electrical copper, a lower price for plumbing copper, and then even lower for anything less pure. I think cents would be in the "even less" category. Nothing wrong with holding onto them, just saying there are other ways to speculate on copper. Problem always is that it takes a LOT of space to net any meaningful profit. Heck, I am out of space with silver, and it is much more valuable than copper.
I know that the richest Hill on earth is located in Butte Montana and guess what? It's a copper mine. The mine was first worked for gold in 1864. It has produced silver and many other ores. It has been mining copper for over 140 years. I've been here, unbelievable. The history of Butte and the surrounding landscape is beautiful.
In my OP, the Ad offered to sell coin copper for $2.98/pound (Free S&H on orders over $500). Now, after just four (4) days, they raised the price to $3.99/pound! You snooze, you lose!
Spot Copper just crested the $4/lbs mark! ...first time in over nine (9) years... https://www.marketwatch.com/story/c...over-9-years-11613753272?mod=newsviewer_click (No one listens until it's too late)
No need to melt anything. Just hang on for a few months then sell...after searching for varieties, of course.
The housing boom and coming infrastructure "investments" bode well for Copper... https://agmetalminer.com/2021/02/08/copper-mmi-copper-demand-likely-to-remain-strong-well-into-2021/
Yeah, I'll order a 1,000 pounds of copper. I don't know where I'm gonna store yet. When the price goes up another dollar how/where do I sell my 1,000 pounds? Is there a copper ETF instead of dealing w/ the metal?
I had been watching Copper prices when I saw that ad. I was thinking it might be a fun way buy some copper, search for dates/varieties, then sell the rest online or to a LCS at spot+. An ETF makes more sense as an actual investment.
Or, you know, just buy stock in a copper miner whose costs remain the same but revenue just doubled. I have been a fairly long time holder of Southern Copper. It has more than doubled in a year or so, while kicking out dividends each year. Many other choices, but the time to buy them is when no one wanted them, kind of like pm. Best part of stocks was I was cashing dividend checks for years, needed no space to hold it, and I still benefited about as much as though holding physical metal and can cash out with almost no transaction fee at the click of a mouse. Something to think about. I like pm too, but I like coins. Copper too inexpensive to put much money into and physically store for me.
That's cause I didn't know about it until it was too late! Good for the copper stackers who had their fingers on the pulse of copper prices! Looks like @longarm got a head start on everyone else!