So will copper become the new silver?

pf70collector · February 17, 2012 12:45AM

copper 1 oz.

Saw these on Provident Metals web site and found them interesting. It took almost 40 years for Silver to take off to where it is now. Copper is more plentiful than silver, but I wonder where copper will be in another 40 years? I guess you have to go back to the peace dollars/morgan dollars to get close to the price of where copper is today as compared to silver back then.

Classof67 · February 17, 2012 1:08AM

I bought a 10 pound bar earlier in the week to use as a paperweight on my desk, should make a nice conversation piece!

messydesk · February 17, 2012 1:29AM

Markup as a percentage of cost of materials is much higher for copper than silver, so the manufacturer really doesn't have to worry much about bullion price fluctuations while sitting on his raw materials. If you can convince people to buy copper rounds as they would have bought silver rounds over the past 40 years, there's money to be made. That's why these medals are being made.

Unknown · February 17, 2012 1:33AM

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PerryHall · February 17, 2012 1:34AM

Copper will never be a precious metal. Enjoy it as a novelty but don't put your life savings in these copper coins and bars.

scottgardener · February 17, 2012 3:34AM

It's not that silver and copper are becoming valuable. They are staying the same, while inflation knocks the dollar downward. Look at the face value of our coins--a Morgan dollar being a dollar, or, a double eagle being $20--seems unfathomable today, but look what the sticker price of cars were in the 1950s and 60s.

19Lyds · February 17, 2012 3:44AM

"So will copper become the new silver?"

In a word------------No.

IHC08 · February 17, 2012 3:56AM

No. I bought a couple of those just because I like the designs, but did so understanding that the markup over melt meant they'd never make sense as an investment.

SmEagle1795 · February 17, 2012 4:01AM

Off topic: scottgardener - I just read through your blog and was thoroughly laughing the whole way through, nearly in tears at "Identifying Counterfeit 1900 O/CC Morgans" with the picture and tongue in cheek diagnostics

OnlyGoldIsMoney · February 17, 2012 4:14AM

Not likely. Silver is already too bulky as a means of storing wealth. I cannot imagine storing copper in a safe or safe deposit box.

Baley · February 17, 2012 4:58AM

Storing copper for the future? It's an industrial, not precious metal, so consider the form... 1" and 1/2" type L copper plumber's tubing, and coils of electrician's wire might end up being a lot more useful (i.e. liquid) than bags of pennies or novelty stampled ounce rounds or pound bars.

Copper is very bulky. It is difficult to imagine storing meaningful quantities for 40 years (or even 4 years) waiting for "the day" when you can cash in for a profit.

Heck, meaningful quantities of silver are pretty bulky to store and move.

Personally, I'm sticking with what I can carry myself alone, and that means I'm done buying silver. Copper is right out.

ricko · February 17, 2012 5:19AM

No...not in several lifetimes. It is plentiful, recyclable and not a noble metal. Cheers, RickO

tahoe98 · February 17, 2012 8:29AM

So will copper become the new silver?

...only in the bizarro world.

So will copper become the new silver?

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