Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Please help with copper bullion
>
Reply to Thread
Message:
<p>[QUOTE="InfleXion, post: 1445962, member: 29012"]I just picked up 34 pounds of Canadian copper pennies from eBay. Got them for near spot value, and I feel like it's a good potential numismatic play because they are discontinuing the penny there. Plus they are 98% copper unlike the 95% US pennies.</p><p><br /></p><p>I also like nickels because you can get them without any cost, just swap dollars in paper for dollars in nickels, and they have enough copper/nickel melt value that they are just barely above their face value right now. They can't ever be less than 5 cents in the current system, but someday they could be worth more just like silver is even though it used to circulate at face value.</p><p><br /></p><p>However, for wealth preservation silver is really about the cheapest you can go without having to lug around a ton of weight. That's one reason why I like it so much. It's the most liquid of the precious metals.</p><p><br /></p><p>I would suggest avoiding gemstones because you will lose close to 50% if you try to sell them back even right after you buy them, and if you cut them up they lose value too. Metals can be melted, cut, etc. and retain their value by weight.</p><p><br /></p><p>What I have been doing lately is swapping out some of my 10 oz bars for silver dimes. That way I have smaller denominations. If you are really worried about economic collapse you might want to think about ammunition.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1445962, member: 29012"]I just picked up 34 pounds of Canadian copper pennies from eBay. Got them for near spot value, and I feel like it's a good potential numismatic play because they are discontinuing the penny there. Plus they are 98% copper unlike the 95% US pennies. I also like nickels because you can get them without any cost, just swap dollars in paper for dollars in nickels, and they have enough copper/nickel melt value that they are just barely above their face value right now. They can't ever be less than 5 cents in the current system, but someday they could be worth more just like silver is even though it used to circulate at face value. However, for wealth preservation silver is really about the cheapest you can go without having to lug around a ton of weight. That's one reason why I like it so much. It's the most liquid of the precious metals. I would suggest avoiding gemstones because you will lose close to 50% if you try to sell them back even right after you buy them, and if you cut them up they lose value too. Metals can be melted, cut, etc. and retain their value by weight. What I have been doing lately is swapping out some of my 10 oz bars for silver dimes. That way I have smaller denominations. If you are really worried about economic collapse you might want to think about ammunition.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Please help with copper bullion
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...