Anyone use copper bullion for wealth retention , preservation,are just to own some copper?
shinywhite
Posts: 346 ✭✭✭
2
shinywhite
Posts: 346 ✭✭✭
Comments
Inste
Instead they use the AVDP
Also wonder why they dont measure copper in "troy ounces"( 31.1 grams) instead its measured in" AVDP ounce"(28 grams)
This almost all of the physical copper I own. I just bought these when I first got into precious metals. Needless to say, the silver fever took me over..
Troy ounces is reserved for precious metals and copper definitely isn't a precious metal.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I would say these are better for weight retention than wealth retention.
Kind regards,
George
Copper is considered a scrap metal, primarily used for industrial purposes. Current spot for copper is: $2.85 per lb USD.
It isn't possible to get copper strikes from coin outlets for the correct price.
I store mine in my fish tank
I’ve converted all of the PVC plumbing in my home back to copper.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
I agree. It just simply does not make since to buy copper. I remember a few years ago it got up to @ 6.00$/lb. There was a lot of theiving going on then.
That's all they use to use back in the day, was copper plumbing
Also, there is no such thing as "copper bullion" as was used in your thread title. Bullion only refers to bars or ingots of precious metals.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I never knew that. I just assumed it was under the bullion category. Thanks for clearing that up. So , they are just simply copper bars and copper rounds as opposed to copper bullion.
Learn something new everyday.
Copper isnt a precious metal, which is why it's not considered bullion. I did not know this.
Perry is the copper police around here , a copper cop as it were .
I have a few Cu rounds. I like collecting that metal just like silver and gold. I have heard the term 'coinage metals' which is the set of copper, silver, and gold, a nice lovely column in the periodic table. But I would not think of 'stacking' copper as an investment.
Too bulky. I do save pre 82 cents just because.
I’d rather have copper line my coffin when it’s time
+1
If you're gonna "stack" copper, do it in copper tubing.
Popular sizes are always in demand. Already fabricated and ready to use.
Better establish yourself as a wholesale buyer, though.
I almost did that in the 70's but was too busy with gold.
The copper would have done well in that time.
+2
Maybe I'll get around to selling my copper pennies for 2/3c each and if I'm too lazy I can just cash them in at the bank for no loss. win/win.
I have no problem with copper but I've seen these copper bars and rounds being marketed as if they were an alternative precious metal suitable for investment which they most certainly not. People that like these copper bars and rounds for an investment should try to sell a few to a coin shop or to a bullion dealer and see what kind of offer they get.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Add me to the list of guys saving pre-82 pennies.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
I have rolls and rolls (and a jar) of Wheaties.... but that is the extent of my copper holdings...I stick with silver and gold... Cheers, RickO
Retention of wealth with copper dated 1877, 1909-S, 1909-S VDB, 1914-D, etc., etc., is my way of holding copper. That's my preference. Small, and large cents.
Not bulking up copper bars, or wheelbarrows full of cents. Not to say I don't have a lot of copper cents. It's just not the way I think is the best way to maintain or retain it (wealth)
I will admit to buying a few copper bars just for fun, nothing else. Geiger from Germany actually made them poured I just had to have a few. They are actually quite cool.
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I agree with you 100%. Its almost like these big Online dealers are selling copper as a "bullion" and "precious metals" when it's not. I just recently realized (via this very post ) that copper is neither of the two
It's okay to buy a few for the fun of it. Just don't put a significant part of your life savings into copper bars and rounds.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Butter and cheese are better bars.
No. And never will.
I bought a copper kilo just cause, actually 2... I gave my friend one.
Neat as a novelty item, but not something I would actively seek.
It's all about what the people want...
not just tubing but copper flashing and copper nails
I wish I would've been alive to stack gold in the '70's. I bet you are sitting in high cotton about now.
^^^^ My father told me a story about a fellow that came door to door trying to sell gold krugerrands in the late 70's. Unfortunately, my father did not buy any. He kicks himself in the ass every time he brings this story up. Now, he has a stack of bullion big as mine.....but if only he would've gotten at least a few ounces...lol
Here are my poured German copper bars... You gotta admit that these are cool.
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^^^ yes, they are very cool
Lol....look what I found in my shed...^^
Those poured Cu bars are indeed awesome! I might have to get me one.
@element159 I just saw that APMEX has them, but ouch on the price!
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I still pick out pre-1983 cents because I like the feel of real copper coins. Those poured Geiger bars really are kinda cool. I've been tempted to buy a couple rolls of the smaller rounds they usually have at Providence Metals but when it comes down to it, I already have enough of various fun coins and those would just add to the mayhem.
I knew it would happen.
Not every pre-1983 cent is copper which I'm sure you already know. Do you have any technique to separate the copper 1982 cents from the 1982 copper plated zinc cents?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
When I did it, I had two 'coin comparitors arranged in series [to double sort], they are cheap and work very well. You place the coin type/material/size that you want to keep in the device and it will reject all others.
I cashed in all of my copper cents [tens of thousands] [for one cent each] and got rid of my sorting device.
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If I decided to do the copper penny thing, I'd just probably do 1979 and back to avoid the confusion/extra work.
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Why not 1981 and earlier?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'm lazy.
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The 82 copper cents are easy to disseminate
The 82 copper cents weigh: 2 dwt each ----- (corrected to dtw)
The copper clad.......1.6 dwt
When I live in Pittsburgh you would here of a few junkies that hit the old Mill lines and it would not end well. (live wires) but I do have some rounds that are copper and some Dan Carr Collectables.
Best place to buy !
Bronze Associate member
The weights that I measure:
Copper (bronze) cents: 3.1 g
Copper-plated zinc cents: 2.5 g
Myself, I save the 1982 cents into a separate pile, then eventually get out the scale and identify the copper ones by weight.
Is this fact? I was under the impression that all 1982 and pre were copper?!
Once again, a lesson well learned
Guess I'll either need to weigh my '82's or just keep the 81's and pre