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Anyone save copper pennies and or nickels?
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<p>[QUOTE="-jeffB, post: 2475666, member: 27832"]Is there really a significant collector's market for those? If I just wanted to get "fine copper", I can't really see paying $1 for a one-ounce bar, when I see one-pound bars listed for $7 or less, and home improvement stores selling #1 (high-grade) copper pipe for less than $4/pound.</p><p><br /></p><p>When you go to sell it back to a scrap dealer, you're likely to get closer to $2/pound. The spread on copper is a <i>lot</i> wider than the spread on silver or gold.</p><p><br /></p><p>Even if you think the price of copper is about to soar, bulk copper seems like a particularly bulky and back-breaking way to speculate. It's hard for me to imagine copper going up a lot faster than silver, and just compare their physical properties -- the copper would weigh 128 times as much (almost 9 pounds of copper to match 1 troy ounce of silver), and take up 150 times the space! And gold is a hundred times more compact than silver.</p><p><br /></p><p>Of course, a one-ounce copper round or bar is nicer to look at than a length of pipe. Just keep in mind that you're buying entertainment, not investing. (That's probably a good mantra for our hobby in general...)[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2475666, member: 27832"]Is there really a significant collector's market for those? If I just wanted to get "fine copper", I can't really see paying $1 for a one-ounce bar, when I see one-pound bars listed for $7 or less, and home improvement stores selling #1 (high-grade) copper pipe for less than $4/pound. When you go to sell it back to a scrap dealer, you're likely to get closer to $2/pound. The spread on copper is a [I]lot[/I] wider than the spread on silver or gold. Even if you think the price of copper is about to soar, bulk copper seems like a particularly bulky and back-breaking way to speculate. It's hard for me to imagine copper going up a lot faster than silver, and just compare their physical properties -- the copper would weigh 128 times as much (almost 9 pounds of copper to match 1 troy ounce of silver), and take up 150 times the space! And gold is a hundred times more compact than silver. Of course, a one-ounce copper round or bar is nicer to look at than a length of pipe. Just keep in mind that you're buying entertainment, not investing. (That's probably a good mantra for our hobby in general...)[/QUOTE]
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Anyone save copper pennies and or nickels?
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