Home› U.S. Coin Forum

Is Copper Hotter Than Gold ?

STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
in U.S. Coin Forum

$ 1,380,000 for a 1793 Chain Cent with a clipped planchet

$ $34,500 for a dipped and over graded 1859 Copper Nickel Indian Cent

I still say Red Copper is MORE VALUABLE than Gold

Stewart Blay


What do you say ?

Comments

  • STONESTONE Posts: 15,275 ✭
    I will just add that [early] copper guys are crazy! image
  • dragondragon Posts: 4,548 ✭✭


    << <i>$ 1,380,000 for a 1793 Chain Cent with a clipped planchet

    $ $34,500 for a dipped and over graded 1859 Copper Nickel Indian Cent

    I still say Red Copper is MORE VALUABLE than Gold

    Stewart Blay


    What do you say ? >>














    Perhaps plastic is more valuable than both?
  • dollarsandcentsdollarsandcents Posts: 486 ✭
    Let me ask you: would you rather have an ounce of gold or a pound of copper?
  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭


    << <i>Let me ask you: would you rather have an ounce of gold or a pound of copper? >>



    A pound of copper if I could get it in uncirculated rolls of 1877 Indian Head cents.
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    I agree, but it doesn't include Lincolns. image
    Collector of Large Cents, US Type, and modern pocket change.
  • WestySteveWestySteve Posts: 567 ✭✭✭
    If you had a high end copper coin or a high end gold coin, would you melt either one? Once the numismatic value exceeds the melt value, other that whichever metal is prettier, it just doesn't matter. There's some darn pretty copper out there.
  • GoldbullyGoldbully Posts: 17,936 ✭✭✭✭✭
    Stewart certainly has some motivation!!!! image

    image
    image
  • lloydmincylloydmincy Posts: 1,861 ✭
    Has a copper cent sold for over $7 million? Didn't think so... image

    Dragon: Can I buy plastic futures???
    The Accumulator - Dark Lloyd of the Sith

    image
  • SanctionIISanctionII Posts: 12,597 ✭✭✭✭✭
    If Mr. Blay asks this question, then one must seriously consider that it may in fact be true.

    I have no idea how one would go about determining the answer to the question [how precisely does one define the term "Hotter than"???]; however some folks (those possessed of Gravitas) you pays attention to.

    Sort of like: "When Dean Whitter speaks, people listen."

    So it is with Mr. Blay; as it is with Mr. Hall, Mr. Bowers and other hobby luminaries.
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    image
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭
    I spy an Indian Princess ... image

    Copper has the widest range of collector base. Anyone can collect it.

    American history can be told through cents better than any other denomination.

    Red copper/bronze is the most fragile to keep in mint state condition and will forever remain the condition rarity in numismatics.

    Why shouldn't the market recognize this?

    Doug
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    In a SHTF scenario the gold is much better image
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • WestySteveWestySteve Posts: 567 ✭✭✭


    << <i>
    Copper has the widest range of collector base. Anyone can collect it.
    >>



    Yep, and ease of entry will grow that collector base more readily than gold. It's way more likely that someone will start collecting cents than gold because a cent collection can literally be started with a few cents. This is a key ingredient of healthy demand. It is why the two cent piece and three cent piece doesn't increase in value like cents do...it is because the entry for them isn't easy or natural. "Pennies" are still readily found. (In case I'm not clear, cents may have a better growth potential, percentage-wise, than gold).
  • ElcontadorElcontador Posts: 7,686 ✭✭✭✭✭
    I think attractive Unc. copper of Classic Large Cent and earlier vintage has been far hotter than anything else for at least the last few years. Whenever a nice piece comes available, it always brings very steep prices. I'd avoid RD copper of that era, assuming you could find it.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • DMWJRDMWJR Posts: 6,042 ✭✭✭✭✭


    << <i>In a SHTF scenario the gold is much better image >>



    Not really ... have you ever heard of gold jacketed bullets? image
    Doug
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    Yes, and I'll also say colonial copper will outpace a lot of series over the next ten years as generational coins bought in the 70s and 80s come onto the market.
  • crazyhounddogcrazyhounddog Posts: 14,068 ✭✭✭✭✭
    In some cases I'm sure you have a point. An ounce of "your" red copper is surely worth more than an ounce of pure 24k gold....Joe
    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • LakesammmanLakesammman Posts: 17,460 ✭✭✭✭✭
    I like gold, but only if it has some copper toning. image

    Gotta admit - copper, in all it's variations, is my first (numismatic) love. image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • DD Posts: 1,997 ✭✭✭
    Prices on IHCs and Wheaties that I would typically buy have either dropped or remained the same for around seven years.

    Aside from a brief increase in price around 06-08ish.

    -D
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • AnalystAnalyst Posts: 1,438 ✭✭✭
    StewartBlay: <<$ 1,380,000 for a 1793 Chain Cent with a clipped planchet>>

    This imperfection in the planchet is minor. I analyzed the coin and the auction event:

    1793 Cent sets $1.38 Million Auction Record for a Copper coin

    I agree that $1.38 m for that copper coin was stronger than the same result for the Garrett 1829 ‘Large Date’ Half Eagle:

    $1.38‭ ‬Million Auction Record for a‭ ‬$5‭ ‬gold coin

    It is also true that Denis Loring’s 1793 cents fared well in the same auction.

    The 1793 Large Cents of Denis Loring

    "In order to understand the scarce coins that you own or see, you must learn about coins that you cannot afford." -Me
  • bestclser1bestclser1 Posts: 5,566 ✭✭✭
    image
    Great coins are not cheap,and cheap coins are not great!
  • bestclser1bestclser1 Posts: 5,566 ✭✭✭
    image
    Great coins are not cheap,and cheap coins are not great!
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    I say nothing's hotter than early copper with a gold sticker!

    image
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Early copper is far more difficult than early gold and in my estimation much cooler. Here are my thoughts on some reasons:

    1. copper is reactive. Gold is inert. one grain of salt, one drop of sweat, one leaky roof, one bad sneeze, one drooling kid, one humid summer in the wrong packaging, etc and copper is ruined forever. Not so for gold.

    2. copper was not seen as precious, even at the time. Thus it was used more in day to day commerce, not as accumulation of wealth, savings, keepsakes, etc.

    3. coin collecting was almost unheard of then so the proof and uncirculated coins that were immediately put away in the 19th century didn't happen then.

    4. Copper is just a cool metal. It is hard but soft, malleable, dentable, ductile, yet wears relatively well. it has a beautiful color yet turns an even more beautiful colors of green and blue when it is ruined. It was one of man's first tool metals and continues to have many uses. It is actually a better conductor than gold.

    --Jerry
  • superpsychmdsuperpsychmd Posts: 1,318 ✭✭✭
    Judging by the results at the wiederseim auction in Pennsylvania yesterday, copper is hot. Incredible high prices all throughout on large cents
  • orevilleoreville Posts: 12,145 ✭✭✭✭✭
    Only copper can be RED HOT!!!

    Gold can just be HOT!

    LOL.
    A Collectors Universe poster since 1997!
  • EdscoinEdscoin Posts: 2,028 ✭✭✭


    << <i>Early copper is far more difficult than early gold and in my estimation much cooler. Here are my thoughts on some reasons:

    1. copper is reactive. Gold is inert. one grain of salt, one drop of sweat, one leaky roof, one bad sneeze, one drooling kid, one humid summer in the wrong packaging, etc and copper is ruined forever. Not so for gold.

    2. copper was not seen as precious, even at the time. Thus it was used more in day to day commerce, not as accumulation of wealth, savings, keepsakes, etc.

    3. coin collecting was almost unheard of then so the proof and uncirculated coins that were immediately put away in the 19th century didn't happen then.

    4. Copper is just a cool metal. It is hard but soft, malleable, dentable, ductile, yet wears relatively well. it has a beautiful color yet turns an even more beautiful colors of green and blue when it is ruined. It was one of man's first tool metals and continues to have many uses. It is actually a better conductor than gold.

    --Jerry >>



    Well said Jerry! I knew there was a good reason I love copper coins. image
    ED
    .....................................................
  • MarkBenMarkBen Posts: 154
    I still say Red Copper is MORE VALUABLE than Gold

    I agree!

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...