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Question: Copper Bars on eBay

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Copper Catcher
Penny Pincher Member

USA
152 Posts

Posted - 05/14/2008 : 19:07:13

I have for some time seen and liked all the copper bullion bars on eBay but the prices seem to be extremely expensive! Does it make sense to buy copper like this?

What is the upside or downside in doing so?

If copper is at $3.7215 / lb how can the prices of the bars be justified. I have been told in the past that the spot price quoted is for scrap “dirty” copper versus the more pure copper like that sold on eBay.

Again my question: Is it worth investing in this type of bullion bar or are you crazy for doing so because you can still get 95% copper pennies at face?

Edited by - Copper Catcher on 05/14/2008 19:08:07

Ardent Listener
Administrator

USA
2062 Posts

Posted - 05/14/2008 : 19:44:21

Bars like this

cost a lot more than the spot price of copper to mint. They are also art and their price reflects that art.

You can find industrial bars like these

for closer to the spot price of copper but they usually only sell them in huge amounts. They are made for industrial applications and are not stamped .999 or in ounces or pounds.

Spot copper price is not the price for scrap copper either #1 copper or #2 copper.

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Saul Mine
Penny Collector Member

USA
297 Posts

Posted - 05/14/2008 : 22:33:41

Producing copper is not easy. At artmetal.com http://tinyurl.com/5llgzn you will find a lot of posts whining about the difficulties. So any kind of fabricated metal, even ingots, will cost you at least three times spot. Add some margin for somebody to shine them and stamp them with weight and purity and you get $25 a pound.

A penny sorted is a penny earned!

Please use tinyurl.com to post links. Long links make posts hard to read.

tmaring
Penny Pincher Member

USA
226 Posts

Posted - 05/15/2008 : 17:32:28

I'm still trying to find a source for copper ingots and cathode at or near spot at pallet size quantities. So far all the sellers want contracts in the hundreds or thousands of tons per month. Nobody will sell me a single one-ton pallet of ingots that I can just go pick up with a trailer.

I had been hoping to find a source and then resell on this board at a minimal markup... but it's not going to be as easy as I thought. If somebody knew somebody at one of the places that buy at this kind of scale it might be possible to get a few tons out the back door for cash, but right now it's looking grim.

Copper Catcher
Penny Pincher Member

USA
152 Posts

Posted - 05/15/2008 : 18:59:56

Interesting...Please put me on the list when someone does the group order for the Australian bars. If someone has the other bars for sell at a decent price closer to spot let me know!

Ardent Listener
Administrator

USA
2062 Posts

Posted - 05/15/2008 : 19:04:22

Dam hard to find copper bars out there. I even looked for copper bus bars and no luck.

Ardent Listener
Administrator

USA
2062 Posts

Posted - 05/15/2008 : 19:05:10

quote:
Originally posted by Ardent Listener

Dam hard to find copper bars out there. I even looked for copper bus bars and no luck.

Flbandit
Penny Collector Member

USA
253 Posts

Posted - 05/16/2008 : 22:11:10

I keep trying to find any odd ways to get copper as well. So far, nothing.

Are you throwing that out?

Copper Catcher
Penny Pincher Member

USA
152 Posts

Posted - 05/17/2008 : 08:57:02

There is plenty of copper of eBay if you are willing to pay $20 pound, plus postage! LOL
There has to be a cheaper source.....

Flbandit
Penny Collector Member

USA
253 Posts

Posted - 05/17/2008 : 11:29:27

So far the best way I've found is when I'm taking it out of old electric motors I find! However, this is a bit different from having bars. I did score a copper plate at a yard sale once, I got it in a "fill a bag for a dollar" sale!

Are you throwing that out?

Saul Mine
Penny Collector Member

USA
297 Posts

Posted - 05/17/2008 : 14:02:07

Check the copper bus bars at stormcopper.com or ingots at a1alloys.com

A penny sorted is a penny earned!

Please use tinyurl.com to post links. Long links make posts hard to read.

Brownstone_Metals
New Member

USA
3 Posts

Posted - 05/19/2008 : 04:22:07

Hi board,
Just wanted to confirm what Saul Mine had said in his post about the production of copper bullion. I am relatively new in the field but can attest to the fact that it does take quite a bit of time and effort just to get a mirror finish on the bars. To take it a step further and design and fabricate the die which will be used to stamp the company's name, logo and other is also quite a task.

Being a seller of bullion, I can say that I have yet to find copper at spot unless I was willing to purchase a huge amount, and I have searched for months.

If anyone out there is able to find some I would love to know!
Great Forum btw!

http://www.brownstonemetalscompany.com

NotABigDeal
Penny Hoarding Member

USA
990 Posts

Posted - 05/19/2008 : 06:27:50

Brownstone_Metals, welcome to the site. Nice looking product.

Deal

I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.

Steady looking for the elusive Indian head....

misteroman
Moderator

USA
1019 Posts

Posted - 05/19/2008 : 11:50:28