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<p>[QUOTE="Blaubart, post: 1500322, member: 37498"]As others have pointed out, the copper bullion coins are not a good investment. There are two good reasons for this:</p><p><br /></p><p>1. Copper is not a precious metal.</p><p>2. The copper bullion coins carry a huge premium that you will likely not be able to recover when you sell them.</p><p><br /></p><p>When you want to buy any sort of metal for an investment, then you want to find a way to buy that metal as close as possible to it's melt value. If you want to stock up on copper, then the best way to do that right now is to buy pennies because the copper contained in pre-1982 pennies is worth more than face value. True, you cannot legally melt them down for their copper, but someday... In the meantime, they are worth at least $0.01, but it isn't too hard to find people who are willing to pay $0.015 or $0.02 for them.</p><p><br /></p><p>If you have a way to get them in bulk, Canadian pennies are even better. They were making them with 98% copper through 1996.</p><p><br /></p><p>Had you used the word "collecting" instead of "investing", I'd say if you like them and they are worth the price, then I'd say go for it. But don't buy them for their copper content as an investment.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1500322, member: 37498"]As others have pointed out, the copper bullion coins are not a good investment. There are two good reasons for this: 1. Copper is not a precious metal. 2. The copper bullion coins carry a huge premium that you will likely not be able to recover when you sell them. When you want to buy any sort of metal for an investment, then you want to find a way to buy that metal as close as possible to it's melt value. If you want to stock up on copper, then the best way to do that right now is to buy pennies because the copper contained in pre-1982 pennies is worth more than face value. True, you cannot legally melt them down for their copper, but someday... In the meantime, they are worth at least $0.01, but it isn't too hard to find people who are willing to pay $0.015 or $0.02 for them. If you have a way to get them in bulk, Canadian pennies are even better. They were making them with 98% copper through 1996. Had you used the word "collecting" instead of "investing", I'd say if you like them and they are worth the price, then I'd say go for it. But don't buy them for their copper content as an investment.[/QUOTE]
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