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Is copper the new silver? Prices higher. Bullion in bulk, likely to pay off?
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<p>[QUOTE="Endeavor, post: 2896706, member: 60292"]I don't know how much you paid for those copper rounds but they usually sell for a lot more than their metal value usually making them bad investments.</p><p><br /></p><p>As for hoarding copper pennies, it could very well be profitable someday but melting them would have to become legal (currently illegal) and price would need to go higher than they currently are now. Although copper cents (pre-1983 but not all 1982) are currently 2x face value, they would need to be refined to remove the zinc and increase copper purity. The cost of that refining process eats into the excess value.</p><p><br /></p><p>Again, not something that will have large returns but could bring some reward.[/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 2896706, member: 60292"]I don't know how much you paid for those copper rounds but they usually sell for a lot more than their metal value usually making them bad investments. As for hoarding copper pennies, it could very well be profitable someday but melting them would have to become legal (currently illegal) and price would need to go higher than they currently are now. Although copper cents (pre-1983 but not all 1982) are currently 2x face value, they would need to be refined to remove the zinc and increase copper purity. The cost of that refining process eats into the excess value. Again, not something that will have large returns but could bring some reward.[/QUOTE]
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Is copper the new silver? Prices higher. Bullion in bulk, likely to pay off?
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