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 Copper Penny Bullion Investing
 what a crock
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cwgii
Penny Collector Member


USA
498 Posts

Posted - 11/25/2008 :  23:05:11  Show Profile Send cwgii a Private Message  Reply with Quote
this person quoted it as 1.57 an OUNCE
http://cgi.ebay.com/24lbs-of-copper-bullion-bars-largest-auction-on-Ebay_W0QQitemZ220316040829QQcmdZViewItemQQptZCoins_Bullion?hash=item220316040829&_trksid=p3286.c0.m14&_trkparms=72%3A1205%7C66%3A2%7C65%3A12%7C39%3A1%7C240%3A1318

Neckro
1000+ Penny Miser Member



Saudi Arabia
1594 Posts

Posted - 11/25/2008 :  23:31:33  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message  Reply with Quote
Lol, I sent him an email asking him to correct his description.
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redneck
Penny Hoarding Member



894 Posts

Posted - 11/25/2008 :  23:36:39  Show Profile Send redneck a Private Message  Reply with Quote

Currently thats only $11.51 per pound with shipping.

Thats only $9.94 over spot.

Sounds like a good deal(for the seller).lol

It just goes to show that theres a sucker born every minute...

>
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cwgii
Penny Collector Member



USA
498 Posts

Posted - 11/25/2008 :  23:37:51  Show Profile Send cwgii a Private Message  Reply with Quote
i did too, then checked his add again. no change , no posting of the question.
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cwgii
Penny Collector Member



USA
498 Posts

Posted - 11/25/2008 :  23:44:41  Show Profile Send cwgii a Private Message  Reply with Quote
seems like the whole copper bullion is a bit crazy . most are at 10$ a pound.
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EZ_Money
Penny Sorter Member



USA
50 Posts

Posted - 11/26/2008 :  07:15:35  Show Profile Send EZ_Money a Private Message  Reply with Quote
According to him I guess Aluminum is $82 an ounce too!!! I can get drunk and make a profit at the same time! No more bottles bring me some cans!
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Neckro
1000+ Penny Miser Member



Saudi Arabia
1594 Posts

Posted - 11/26/2008 :  12:48:37  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message  Reply with Quote
I swear this dude must be retarded.
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cwgii
Penny Collector Member



USA
498 Posts

Posted - 11/26/2008 :  12:52:55  Show Profile Send cwgii a Private Message  Reply with Quote
yeah but look at the price he got. we should be so lucky.
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Neckro
1000+ Penny Miser Member



Saudi Arabia
1594 Posts

Posted - 11/26/2008 :  12:58:59  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message  Reply with Quote
All you have to do is lie also. Perhaps there is a difference in marketing ethic's between the people on this forum, and ebay. =)
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natsb88
1000+ Penny Miser Member



USA
1292 Posts

Posted - 11/26/2008 :  13:50:22  Show Profile Send natsb88 a Private Message  Reply with Quote
I sent a message as well, although the auction already ended. Hopefully the seller will take the time to read it.

quote:
Hello, I was watching your auction and noticed there is some confusion as to the pricing of copper. The prices you are using from CNBC are not all priced in ounces. They are priced according to the standard unit of trade for each metal. Precious metals, such as gold, silver, platinum, and palladium, are priced per troy ounce. Base metals, such as copper and nickel, are priced per pound, and usually industrial metals like steel are priced per ton. Please note that CNBC's commodity page uses an outdated ticker symbol for aluminum, which has not been traded since 12/17/2002, so that price is not correct. If copper were actually $1.57 per OUNCE, as you claim, then you could go to the hardware store and buy copper pipe for less than the price of copper. The price of copper is per POUND. If there is any confusion, I recommend you use this chart, which clearly labels the spot price as $/lb.

http://www.kitcometals.com/charts/copper.html


Nate
The Copper Cave

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Neckro
1000+ Penny Miser Member



Saudi Arabia
1594 Posts

Posted - 11/26/2008 :  14:12:24  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message  Reply with Quote
Kitco is for buying copper also and why would then waste their time buying an ounce of copper cause it's so cheap. I'm not going to argue with you on this. If you feel it's per pound then so be it. I know what is facts and I'm relaying them to you. I don't know if you knew this or not but Kitco gets it's buying price per recycling contract for copper. That contract consists of the price per pound yes. They don't do it per ounce cause a large business doesn't want to waste their time doing that. I go to CNBC.com cause they have their own channel on TV and they are the stock market, and wall street watch dog. Thank you for you concern on this matter. Good day


He sent me this
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natsb88
1000+ Penny Miser Member



USA
1292 Posts

Posted - 11/26/2008 :  14:25:10  Show Profile Send natsb88 a Private Message  Reply with Quote
So he can't even reply to the right person?

You can lead a horse to water, but what are you supposed to do when it's turned around the wrong way trying to drink sand instead?

Maybe if enough other people send him a message, he'll finally get the idea. Or maybe he knows and just won't admit it, since he's claiming copper is $25 a pound and it brings in more bids

Nate
The Copper Cave


Edited by - natsb88 on 11/26/2008 14:29:38
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Nickelmeister
Penny Collector Member



Canada
299 Posts

Posted - 11/26/2008 :  14:42:32  Show Profile Send Nickelmeister a Private Message  Reply with Quote
Arguing with that guy on eBay is like getting a medal at the Special Olympics.
You may win, but you're still retarded :) j/k
The guy is simply a lying scammer taking advantage of others - nobody can be that ignorant. Especially when they are selling PMs.

www.WinnipegGoldBuyer.com
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NDFARMER
Penny Hoarding Member



USA
547 Posts

Posted - 11/26/2008 :  16:00:57  Show Profile Send NDFARMER a Private Message  Reply with Quote
I didn't know I had so much money. If I could get over $11.00 per pound for my copper like he did I would be getting $22,297.00 for every ton I have in the basement.

COPPER - the "poormans" precious metal!!!
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redneck
Penny Hoarding Member



894 Posts

Posted - 11/26/2008 :  16:35:21  Show Profile Send redneck a Private Message  Reply with Quote

Why don't one of you offer him some of your copper at half the price he got or half of what he claims the price per ounce is and see what he says ?



>
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L1011
Penny Pincher Member



219 Posts

Posted - 11/26/2008 :  19:38:53  Show Profile Send L1011 a Private Message  Reply with Quote
Couldn't that fall under Mis-representation? and Void the auction? Cu is @ $1.57 a lb...right?
so if he makes statements, like Cu is @$1.57 an Oz, I'd think you'd have some recourse

Approx. 10 pre-1982 pennies weighs an Oz, if Cu was $1.57 an Oz, 1 pre-1982 penny would be worth 15 cents, a roll would be worth $7.50
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aaron239
Penny Collector Member



USA
260 Posts

Posted - 11/26/2008 :  21:31:31  Show Profile Send aaron239 a Private Message  Reply with Quote
Copper bars are selling at about $10 a pound. Don't really know why... but if you check they seem to be selling at about the price he got for them.
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