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SouthernBelle
New Member
USA
20 Posts |
 Posted - 03/05/2010 : 19:34:48
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I've been reading as much as I can on copper as an investment. I've been using the Rydale (while my son is at school) and sorting my own pennies...... (Technically all the buckets of pennies are his :)
Anyway, I noticed on ebay that there are 1oz bars selling for $4.95 plus $1.95 shipping and 1 lb bars are $12.00 plus shipping. Unless I am missing something, there are about 150 pennies to a pound. That means I have a pound of copper for about $1.50 .
I don't understand why people are paying so much for the bars. Do people not know they can save the pennies? Is there something that I AM missing? If I believe in copper as an investment, there is no reason to buy bars if I am sorting right?
Also, my son is about halfway through his buckets. Still hasn't checked for key dates yet. He is having too much fun running the Ryedale!
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 03/05/2010 : 19:36:30
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| some people like bars and there is market for bars but they do sell over spot just like silver bars |
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thedrifter
Penny Sorter Member
USA
96 Posts |
 Posted - 03/05/2010 : 20:42:35
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| THEY'RE BRIGHT AND SHINY! OOOH BRIGHT AND SHINY!!! |
The Drifter |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/05/2010 : 21:03:45
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We have had several other threads concerning this subject but in a nutshell they sell for much more than their bullion value because they are works of art. I often wear one on a copper chain around my neck.
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Think positive. |
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jadedragon
Administrator
Canada
3788 Posts |
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Copper bars on ebay... why??
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