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Copper Catcher
Moderator
USA
594 Posts |
 Posted - 05/14/2008 : 19:07:13
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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?
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DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
Edited by - Copper Catcher on 05/14/2008 19:08:07 |
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Ardent Listener
Administrator
USA
2627 Posts |
Posted - 05/14/2008 : 19:44:21
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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
335 Posts |
Posted - 05/14/2008 : 22:33:41
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| 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. |
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tmaring
Penny Collector Member
USA
266 Posts |
Posted - 05/15/2008 : 17:32:28
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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. |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 05/15/2008 : 18:59:56
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| 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! |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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Ardent Listener
Administrator
USA
2627 Posts |
Posted - 05/15/2008 : 19:04:22
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| Dam hard to find copper bars out there. I even looked for copper bus bars and no luck. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Ardent Listener
Administrator
USA
2627 Posts |
Posted - 05/15/2008 : 19:05:10
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quote:
Originally posted by Ardent Listener
Dam hard to find copper bars out there. I even looked for copper bus bars  and no luck. 
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Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Flbandit
Penny Collector Member
USA
428 Posts |
Posted - 05/16/2008 : 22:11:10
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| I keep trying to find any odd ways to get copper as well. So far, nothing. |
Are you throwing that out? |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 05/17/2008 : 08:57:02
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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..... |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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Flbandit
Penny Collector Member
USA
428 Posts |
Posted - 05/17/2008 : 11:29:27
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| 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? |
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Saul Mine
Penny Collector Member
USA
335 Posts |
Posted - 05/17/2008 : 14:02:07
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| 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. |
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Brownstone_Metals
New Member
USA
3 Posts |
Posted - 05/19/2008 : 04:22:07
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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!
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http://www.brownstonemetalscompany.com |
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NotABigDeal
1000+ Penny Miser Member
USA
1848 Posts |
Posted - 05/19/2008 : 06:27:50
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Brownstone_Metals, welcome to the site. Nice looking product.
Deal
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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. |
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misteroman
Moderator
USA
1246 Posts |
Posted - 05/19/2008 : 11:50:28
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| Yeah I could justify picking up a couple as they are pretty neat,but in no way ever and investment. |
****Always buying wheats and Pre 82's!!!! See post or PM me for details****
http://realcent.forumco.com/topic.asp?TOPIC_ID=2014 |
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misteroman
Moderator
USA
1246 Posts |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 05/19/2008 : 15:51:45
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Brownstone_Metals the bar you have on your website looks wonderful. Great Job!
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DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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Brownstone_Metals
New Member
USA
3 Posts |
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Question: Copper Bars on eBay
