Anyone Buying Copper? And if you are Why?

Discussion in 'Bullion Investing' started by Sundance79, May 3, 2018.

?

Do you think copper is as good of an investment as gold or silver?

  1. Yes - I think copper is the best investment one can make.

  2. Yes - But I also put money in silver and gold just in case

  3. No - the premiums are way to high. It's currently not a good investment.

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  1. -jeffB

    -jeffB Greshams LEO Supporter

    90% coins trade at a significantly higher price per ounce than 92.5% sterling silver. Even though the sterling contains more silver, the rest of its composition is unpredictable, so refiners offer less for it. (There's also more demand for 90% coins as 90% coins, so often there's no smelting expense involved at all.)

    If the nominal price of copper goes a lot higher, I'd see the same thing happening with copper cents. I don't know how important "legal to melt" would be, if most of them are swapped without melting.

    They'll still be bulky, dirty, and unpleasant to deal with, though.
     
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  3. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Hmm, sounds like every day at the Capitol to me. :troll:
     
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  4. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Gotcha, no apology needed. If anything, I was hijacking this thread by talking about my dirty penny collection. :shame:

    It's not really so much "investing" as it is just good 'ole fashioned hoarding, I suppose.
     
  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Fair enough, and thank you.

    Also, when copper buying (or "investing") is brought up, I firmly believe the cent issue should be addressed and am glad you brought it up. Even if what has been said doesn't apply to you, it very well may to others even if not presently involved in this thread. Just think of how often we see old threads bumped by someone searching out info. :)
     
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  6. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    All things considered, there has to be someone out there who things investing thousands in copper (excuse me, BRONZE) cents is actually a good idea.
     
  7. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    There are indeed. Just look at the money being made selling such cents at a premium. Unfortunately for those buying them, there is a great difference between "investing" and actually pocketing the expected return...
     
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  8. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Sadly, yes. A worse investment than "unsearched" wheaties. (At least you can give 'em to your kin to make yourself the cool uncle.)
     
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