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joshuarutschow
Penny Sorter Member
USA
32 Posts |
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misteroman
Administrator
USA
2565 Posts |
Posted - 06/06/2010 : 15:38:46
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| keep it low so we can keep buying it for 1.2 and 1.3c |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 06/06/2010 : 17:50:27
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The price of copper is all about the preception of the strength of the worldwide economies. Copper is now at $2.81 and falling as the hint of a worldwide double-dip recession looms. How much lower could it go? Look at the chart below for the 5-year perspective.
Current melt value of a US copper today is 1.87c. At near $1/pound copper, the level at the copper bottom in March 2009, the melt value would be less than 1c. Selling at 1.2c-1.3c or less makes it kind of tough on the sellers - it's a lot work that some sellers may not want to bother. However, as buyers find sellers who must or want to sell at these levels, it seems like a pretty good deal. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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misteroman
Administrator
USA
2565 Posts |
Posted - 06/06/2010 : 18:16:46
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| CU was a buck a pound last yr???? Tha almost seems like thats manipulated. just think $1 to $3 is 300% profit |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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drpineapple
New Member
22 Posts |
Posted - 06/07/2010 : 00:34:13
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Would anyone agree when looking at historical price charts that copper's range until 2004 is between .5 and 1.5 per pound and that it should return to that historical average eventually? Or do you have reason to believe that it is now in a new range. I am looking for calm coherent replies backed by experience or reason. The implication is if it is likely to go and stay lower cu penny hoarding may not be a profitable venture.
You must be logged in to see this link. |
Edited by - drpineapple on 06/07/2010 00:35:09 |
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rosco
Penny Collector Member
USA
254 Posts |
Posted - 06/07/2010 : 01:12:08
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We have been made aware that copper could drop an only be worth face value. I'm comfortable at a hoard of $450 Copper to go with the few Oz of Silver we own. I will buy Gold an Silver on the dips as it will go back up. In the mean time I"ll keep sorting to get it at face on the coins. |
Old Geezer a HAND Sorter |
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joshuarutschow
Penny Sorter Member
USA
32 Posts |
Posted - 06/07/2010 : 21:48:33
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does anyone see copper dropping and being worth face value in the future? i dont see it happening but who knows i guess huh?
everything i read and see on here and other sites show only growth in value and potential. thanks |
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jacer333
Penny Pincher Member
USA
119 Posts |
Posted - 06/07/2010 : 23:26:10
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| We sure are progressing slowly, but I believe that copper pennies will always be sold over face. Folks know they are solid long-term and they will remain in demand. I honestly check the copper price maybe once a week, it really isn't of concern to me at this point. |
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7 mo. low
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