Anyone use copper bullion for wealth retention , preservation,are just to own some copper?

shinywhite · July 30, 2018 10:30AM

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)

shinywhite · July 30, 2018 10:34AM

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..

PerryHall · July 30, 2018 12:00PM

@shinywhite said:
Also wonder why they dont measure copper in "troy ounces"( 31.1 grams) instead its measured in" AVDP ounce"(28 grams)

Troy ounces is reserved for precious metals and copper definitely isn't a precious metal.

giorgio11 · July 30, 2018 12:25PM

I would say these are better for weight retention than wealth retention.

Kind regards,

George

OPA · July 30, 2018 12:53PM

Copper is considered a scrap metal, primarily used for industrial purposes. Current spot for copper is: $2.85 per lb USD.

NIPSZX · July 30, 2018 1:33PM

It isn't possible to get copper strikes from coin outlets for the correct price.

bronco2078 · July 30, 2018 1:46PM

I store mine in my fish tank

Downtown1974 · July 30, 2018 2:18PM

@bronco2078 said:
I store mine in my fish tank

I’ve converted all of the PVC plumbing in my home back to copper.

shinywhite · July 30, 2018 2:19PM

@NIPSZX said:
It isn't possible to get copper strikes from coin outlets for the correct price.

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.

shinywhite · July 30, 2018 3:33PM

@Downtown1974 said:

@bronco2078 said:
I store mine in my fish tank

I’ve converted all of the PVC plumbing in my home back to copper.

That's all they use to use back in the day, was copper plumbing

PerryHall · July 30, 2018 3:47PM

@PerryHall said:

@shinywhite said:
Also wonder why they dont measure copper in "troy ounces"( 31.1 grams) instead its measured in" AVDP ounce"(28 grams)

Troy ounces is reserved for precious metals and copper definitely isn't a precious metal.

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.

shinywhite · July 30, 2018 4:00PM

@PerryHall said:

@PerryHall said:

@shinywhite said:
Also wonder why they dont measure copper in "troy ounces"( 31.1 grams) instead its measured in" AVDP ounce"(28 grams)

Troy ounces is reserved for precious metals and copper definitely isn't a precious metal.

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.

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.

shinywhite · July 30, 2018 4:01PM

Copper isnt a precious metal, which is why it's not considered bullion. I did not know this.

bronco2078 · July 30, 2018 5:41PM

Perry is the copper police around here , a copper cop as it were .

element159 · July 30, 2018 6:39PM

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.

Smudge · July 30, 2018 7:04PM

Too bulky. I do save pre 82 cents just because.

KollectorKing · July 30, 2018 7:40PM

I’d rather have copper line my coffin when it’s time

OPA · July 30, 2018 7:41PM

@Smudge said:
Too bulky. I do save pre 82 cents just because.

+1

topstuf · July 30, 2018 8:02PM

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.

Toma · July 30, 2018 10:58PM

@Smudge said:
Too bulky. I do save pre 82 cents just because.

+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.

PerryHall · July 31, 2018 3:07AM

@bronco2078 said:
Perry is the copper police around here , a copper cop as it were .

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.

Downtown1974 · July 31, 2018 3:19AM

Add me to the list of guys saving pre-82 pennies.

ricko · July 31, 2018 8:32AM

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

TwoSides2aCoin · July 31, 2018 9:49AM

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)

asheland · July 31, 2018 10:01AM

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.

shinywhite · July 31, 2018 10:34AM

@PerryHall said:

@bronco2078 said:
Perry is the copper police around here , a copper cop as it were .

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.

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

PerryHall · July 31, 2018 10:48AM

@shinywhite said:

@PerryHall said:

@bronco2078 said:
Perry is the copper police around here , a copper cop as it were .

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.

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.

topstuf · July 31, 2018 9:42PM

Butter and cheese are better bars.

mariner67 · July 31, 2018 11:30PM

No. And never will.

LukeMarshall · August 1, 2018 7:23AM

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.

bronco2078 · August 1, 2018 7:55AM

@topstuf said:
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.

not just tubing but copper flashing and copper nails

shinywhite · August 1, 2018 8:11AM

@bronco2078 said:

@topstuf said:
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.

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.

shinywhite · August 1, 2018 8:16AM

^^^^ 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

asheland · August 1, 2018 8:41AM

Here are my poured German copper bars... You gotta admit that these are cool.

shinywhite · August 1, 2018 8:48AM

^^^ yes, they are very cool

shinywhite · August 1, 2018 9:21AM

@bronco2078 said:

@topstuf said:
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.

not just tubing but copper flashing and copper nails

shinywhite · August 1, 2018 9:22AM

Lol....look what I found in my shed...^^

element159 · August 1, 2018 11:28AM

Those poured Cu bars are indeed awesome! I might have to get me one.

asheland · August 1, 2018 11:45AM

@element159 I just saw that APMEX has them, but ouch on the price!

jmski52 · August 2, 2018 3:36AM

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.

PerryHall · August 2, 2018 5:32AM

@jmski52 said:
I still pick out pre-1983 cents because I like the feel of real copper coins.

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?

1630Boston · August 2, 2018 5:57AM

@PerryHall said:

@jmski52 said:
I still pick out pre-1983 cents because I like the feel of real copper coins.

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?

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.

https://youtu.be/dOiexNvPDsY

asheland · August 2, 2018 9:48AM

If I decided to do the copper penny thing, I'd just probably do 1979 and back to avoid the confusion/extra work.

PerryHall · August 2, 2018 10:43AM

@asheland said:
If I decided to do the copper penny thing, I'd just probably do 1979 and back to avoid the confusion/extra work.

Why not 1981 and earlier?

asheland · August 2, 2018 11:06AM

@PerryHall said:

@asheland said:
If I decided to do the copper penny thing, I'd just probably do 1979 and back to avoid the confusion/extra work.

Why not 1981 and earlier?

I'm lazy.

OPA · August 2, 2018 12:54PM

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

Kkathyl · August 2, 2018 1:08PM

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.

element159 · August 2, 2018 1:16PM

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.

shinywhite · August 2, 2018 1:23PM

@OPA said:
The 82 copper cents are easy to disseminate

The 82 copper cents weigh: 2 grams each
The copper clad.......1.6 grams

Is this fact? I was under the impression that all 1982 and pre were copper?!
Once again, a lesson well learned

shinywhite · August 2, 2018 1:24PM

Guess I'll either need to weigh my '82's or just keep the 81's and pre

Anyone use copper bullion for wealth retention , preservation,are just to own some copper?

Comments