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Copper Ingots

tyler267tyler267 Posts: 1,246 ✭✭✭✭
in Precious Metals
At the Central States show I saw several dealers with copper bars and rounds, I have never seen them before, are these new?

What are the buyers doing with them? I'm assuming these are being sold for novalty reasons.

Comments

  • storm888storm888 Posts: 11,701 ✭✭✭

    They are very neat looking, but most are grossly overpriced.


    EBAY Copper Bullion


    They can be bought wholesale - outside of EBAY - but the
    prices are still goofy.
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭
    They must be novelty items. I can't believe they are serious investment purchases.

    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

  • VintageismygameVintageismygame Posts: 285
    I have done quite well buying bulk and selling by the individual coin, especially the American Eagle version. All my profits are going towards silver!!

    Matt
  • paladinpaladin Posts: 898 ✭✭

    Provident sells them as an "alternative" to gold & silver???

    Copper Bullion

    Pretty steep markup.



    "The only place success comes before work is in the dictionary."

    ~ Vince Lombardi
  • SpoolySpooly Posts: 2,108 ✭✭✭
    If you want to invest in copper..... save your copper pennies. image
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • jeremymjeremym Posts: 330
    Where does one buy "bulk" American Copper Eagles? I've searched, just for chit's 'n giggles, but have been pretty much unsuccessful.
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    I got a copper bar a few years back to use as a paperweight
    image
  • krankykranky Posts: 8,709 ✭✭✭
    Funny to see this thread today, at our state club show today a dealer had these in his case. First time I had seen them. Kind of neat but you can't call it a bullion purchase as the items were priced nowhere near copper melt.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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