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jadedragon
Administrator
Canada
3788 Posts |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 03/28/2010 : 13:59:57
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| The guy that is selling that bar use to be a member here, I remember buying $100 face of 90% halves from him. (bestcopperbars) |
You don't have to be the BEST you just have to be.......SLICK
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 03/28/2010 : 15:51:25
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| These copper bars are nice, but the premiums over spot are horrendous. 5KG bars are being sold for $110+shipping - that's $10/lb for copper. Spot copper is around $3.40. SILVER bars don't command that kind of premium. I wonder why the copper bars sell for so much over copper spot? I think that you'd be better off BUYing copper pennies, than purchasing the bars. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/28/2010 : 16:43:16
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quote:
Originally posted by Country
These copper bars are nice, but the premiums over spot are horrendous. 5KG bars are being sold for $110+shipping - that's $10/lb for copper. Spot copper is around $3.40. SILVER bars don't command that kind of premium. I wonder why the copper bars sell for so much over copper spot? I think that you'd be better off BUYing copper pennies, than purchasing the bars.
Perhaps the reason why such designer copper bars have such a high premium over spot is because currently there is such a limited market for them compared to silver bars. Volume sales allow for lower production costs.
But I understand what you are saying and I agree that copper cents will give you the most copper or 95/5% brass for your money. |
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Think positive. |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 03/29/2010 : 13:01:20
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I've got one of this guy's 5 kg bars and boy are they pretty. Didn't mind paying the premium for a nice Bar. It's definately not an invesment buy for me, rather something bright and shiny for me to pull out and look at.
Scott |
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15 kg copper bar, Copper Cave mention
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