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<p>[QUOTE=&quot;Radar U, post: 1156466, member: 30446&quot;]Hi everyone.</p><p>I am new and my name is Chris.I just joined because I find copper rounds/bullion an interesting possibility when diversifying in various investment metals.Plus,I very much like coin collecting as a hobby altogether.</p><p>Anyhow...These copper rounds have the premium that takes them over spot for several reasons.They are: because of mintage costs,the dies being made,paying the workers running them,and secondly,because copper is only $4.25 / lb at this time.If copper was $16 or more / lb,different story.If they were plain planchets with no mintings,then they&#039;d probably be right at or a little above spot.You can purchase these directly from the mint that makes them and they usually do give discounts on larger purchases.I have not bought any from a mint but have purchased off of eBay with good results and paying $1.49 / rnd.Other sellers are selling single copper rnds for $4 each and up so investor interest IS growing in them.The only unfortunate part is that unlike silver,you cannot use them as investments in an IRA.At least at this time.</p><p>The dies used are very similar to proof coin dies.Highly polished,bold relief,etc...to produce top quality struck bullion coins.While I do like the minted copper rnds and have acquired a number of them,I would prefer to purchase plain copper slugs or planchets for lower investing costs.However,for those interested in bullion and avoiding the premiums,I would suggest collecting 1981 and earlier pennies.That is as cheap as it gets to legally collect copper bullion and yes,people ARE buying them AT spot price on eBay as bulk pennies.</p><p>In the long run,I think copper will be a fairly safe investment in limited quantities,but you&#039;ll have to limit how much you invest in as they get heavy and there&#039;s only so much you can carry on your person for bartering if/when the USD finally falls.I don&#039;t think copper will ever have the esteeem and glory of silver or gold,but,it has been used as currency for thousands of years,so it DOES have a background in being used for bartering.</p><p>All the best!</p><p>Chris[/QUOTE]</p><p><br /></p>

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