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Copper Catcher
Administrator
USA
2092 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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Edited by - Copper Catcher on 05/14/2008 19:08:07 |
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Ardent Listener
Administrator
USA
4841 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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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 05/14/2008 : 22:33:41
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| Producing copper is not easy. At artmetal.com You must be logged in to see this link. 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
302 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
Administrator
USA
2092 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! |
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Ardent Listener
Administrator
USA
4841 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 your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Ardent Listener
Administrator
USA
4841 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 your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Flbandit
Penny Hoarding Member
USA
851 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
Administrator
USA
2092 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..... |
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Flbandit
Penny Hoarding Member
USA
851 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
343 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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n/a
deleted
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
3890 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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Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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misteroman
Administrator
USA
2565 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. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 05/19/2008 : 11:56:46
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You must be logged in to see this link.
There ya go 100 ox(6+ lbs) copper bars $20 a pound shipped.Probably give ya a better deal on the shipping if ya bought a couple |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Copper Catcher
Administrator
USA
2092 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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n/a
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Question: Copper Bars on eBay
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