Why Do People Buy Copper Rounds?

Discussion in 'Bullion Investing' started by Soapy Smith, May 4, 2015.

  1. Soapy Smith

    Soapy Smith New Member

    I see a lot of "mints" selling, and a lot of people buying, copper rounds. This is something that has me scratching my head.

    I can understand buying copper as an investment but, do you really need to buy copper for the sake of buying copper? I mean, every time you throw away an electrical appliance (worn out electric shaver, hair dryer, television gone dark, etc., etc.) aren't you throwing out copper in the cord, and in the inside of the appliance?

    I don't buy copper rounds, but I've got a bucket in the garage that I keep "scrap" copper in - I cut the cords and peel the plastic coating off and save the copper. If it's something with green board in it, I also take that in to the recycling center (there's silver and gold in that green board). I paid for the copper in the appliance once, why would I throw that out (or send it to be recycled for "free") and then turn around and pay someone for a copper round?

    Should I buy a furnace and a crucible and "mint" my own rounds? Would that make it acceptable?
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  3. rooman9

    rooman9 Lovin Shiny Things

    Because it gives me a chance to own a 1909-S VDB :)
  4. Yankee42

    Yankee42 Well-Known Member

    I also strip wire and keep corroded pipes until the bucket is full. Then it goes to the scrap yard.
  5. ken454

    ken454 Well-Known Member

    some just look cool and they are shiny...:smuggrin:
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  6. rockyyaknow

    rockyyaknow Well-Known Member

    Never really appealed to me. I almost bought a tube of 1 oz rounds just to have some, but instead decided to throw that money towards more gold as I came to my senses.
  7. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I think most buy for one of two reasons...

    -They like the design

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  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    What is wrong with copper rounds? This medal is from 1836.



  9. rzage

    rzage What Goes Around Comes Around .

    Chris , I love medals that were made to commemorate an event usually somewhat officially , and I can see a copper round if someone really like the art . But buying an oz of copper just for the copper doesn't seem prudent to me at least . JMHO
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  10. jallengomez

    jallengomez Cessna 152 Jockey

    I buy them because I like a particular design, and they are cheap. I'm certainly not buying them to get rich with the "future" copper bull market.
  11. medoraman

    medoraman Supporter! Supporter

    Eh, they are cheap. As a metal play the markup over spot is simply outrageous so it is silly for that purpose. However, for a cheap example of a design you like there is not any harm.
  12. doug5353

    doug5353 Well-Known Member

    There's a third reason to keep a few on hand. They make a great hefty, moderately-impressive (but cheap) item to throw in a $25 or $50 coin deal, i.e., flea market transactions.

    A lot of collectors have only marginal knowledge of them, and even more have never held one in their hand. Great giveaway to seal the deal! Otherwise, I can't think of many reasons to "collect" them. I will confess, I thought about buying a tube of Ron Paul copper rounds, think someone on CT had them available a year or two ago.
  13. fretboard

    fretboard Defender of Old Coinage!

    Gotta agree. Some people really get into collecting all the different designs for whatever reason, maybe they simply like the design and like collecting them, who knows. Then there's the collectors who buy all the hype about copper being the last frontier and if you collect today, you will be on the ground floor when the prices spike upward tomorrow. Is that foolish, I don't know not for me to say but I will say I wouldn't collect them rounds for nobody's business. tmoney.gif
  14. ldhair

    ldhair Clean Supporter

    Why do people collect anything? I like pretty rocks.
  15. silverbullion

    silverbullion Active Member

    Personally I don't collect copper rounds, but I have friends that do. They say it is a great way to collect various designs in an affordable manner.
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  16. ken454

    ken454 Well-Known Member

    i bought a tube of each Zombuck that came out so far in copper 1 oz rounds, i give them away to kids in family at xmas an b-day's, they love em! 1 boy about 10 yrs old was so excited he is now collecting halves an golden dollars, to see these kids faces when i hand them out and to have at least 1 kid interested in coin collecting was worth every cent i spent on all the tubes of copper i bought...
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  17. rzage

    rzage What Goes Around Comes Around .

    Now there's a great reason . But I also like the idea of giving Buffalo nickels and Indian cents , even wheats cents . What was even nicer was when my Niece's little 5 year old girl wanted to get me some coins for Christmas . Her father took her to a local coin shop and with her own money bought me a Buffalo and a Indian cent , I love those coins and smile every time I look at them . The Buffalo is dateless but it's priceless to me .
  18. cash4coin

    cash4coin ran 20 redlights

    i prefer Cupronickel rounds. I get to collect copper-nickel and spend it too.;)
  19. andrew289

    andrew289 Senior Analyst

    In my opinion, the perceived market for copper rounds is all smoke and mirrors. An invention of bullion makers to take advantage of people who will buy anything if it looks like a coin. The strange thing is ...they were right and are making money hand over fist.

    Where else do you see someone selling something that cost $3.00 a pound for $1.50 an ounce? I'm amazed that folks spend hard earned money on something so inflated but my hats off to the bullion makers.

    Fortunately, I'm to smart to bite on that deal but it's proof that people with buy anything if you stamp and old coin design or a buffalo on it. What's next? aluminum rounds ...sshhh...they just might start making them. Darn ..they already do. I guess I missed that boat as well.
  20. doug5353

    doug5353 Well-Known Member

    They DO make aluminum rounds, LOL -- all those hundreds of designs of Mardi Gras tokens ("throws") of the past 10, 20, 30 years. Some of the really old ones sell for $50+. And they don't even weigh an ounce!

    Gotta have a complete set! Now they come in various colors of anodized aluminum, now my set's not complete, so they'll sell you a few leftovers (after Mardi Gras).
  21. silverbullion

    silverbullion Active Member

    I hear you, but then we have to assume folks buy it purely for the metal content. I believe for most part that isn't the case.
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