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Copper bars or rounds

JackrabbitJackrabbit Posts: 266 ✭✭
in Precious Metals
I have picked up a few copper rounds and was wondering if they are just a poor mans silver. Do you think there's any investment value down the road or something to just have fun with. Any thoughts out there would be appreciated.

Thanks,

Jim

Comments

  • CiccioCiccio Posts: 1,405 ✭
    Did you pick these?
    I saw them today and thought they are kind of cool.

    Don't understand why they are marked in avoirdupois ounce. Does anyone know?
    Any guess on their diameter?

    Back to your question. They definitely are sort of an investment, my only doubt is about the storage space of copper.
    It's like saving pre-1982 cents, they worth more than one cent but how high should copper go for yuou to have a real gain? (I work in logistics and consider the space needed for storage as a cost, even if you have a big basement).
  • JackrabbitJackrabbit Posts: 266 ✭✭
    No I bought the 1 oz Lakota rounds.. I'm into them $1.50 per ounce, which includes shipping. Also picked up a 1# bar some time ago.. I agree, storage could become a problem without a lot invested. Get a lot of bang for your buck though.
  • bestmrbestmr Posts: 1,777 ✭✭✭
    I keep my copper(ie pennies) in empty grey goose bottles! image
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • CiccioCiccio Posts: 1,405 ✭


    << <i>I keep my copper(ie pennies) in empty grey goose bottles! image >>



    I prefer to fill them with grey goose vodka (or even better, with grappa)! image

    Back to the copper rounds.
    Jackrabbit, even at $1.5 each you are paying 5x their actual value, if my math is correct. I doubt it can be an investment, you'd better stick with the pennies.
    However, I am going to get few rounds, they make great gift and giveaways (getting closer to 1000 posts! image)
  • MsMorrisineMsMorrisine Posts: 33,025 ✭✭✭✭✭


    << <i>I have picked up a few copper rounds and was wondering if they are just a poor mans silver. Do you think there's any investment value down the road or something to just have fun with. Any thoughts out there would be appreciated. >>




    They can be neat, but I don't see anything of investment value because they have a huge to the point of enormity premium. Copper can go up 50% and you're still inside the premium.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭


    << <i>No I bought the 1 oz Lakota rounds.. I'm into them $1.50 per ounce, which includes shipping. Also picked up a 1# bar some time ago.. I agree, storage could become a problem without a lot invested. Get a lot of bang for your buck though. >>



    I'll sell you all the wheat cents you want for $1.50/oz. Think of it the same as buying 90% silver.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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