Hey Max oh, I've been noticing the silver prices during to go back down and is around $22 at the moment. Do you think it will go back up in price this year? I know it's not really something you can really predict, but seeing our economy as it is, do you think the price will go back up to where it was around $29?
I'm just debating selling some of my stack because I need to pay some bills, but I don't want to get rid of it if it wouldn't be a wise decision. It would be awesome to get some feedback from an expert like you
@@onthefasttracktoheaven I wouldn't sell when this shit show is over with this Stolen Election and Covid Plandemic among other things .... And it's about over.... Market Minipulation is going to be over and true value will come. ... Start getting into Cryptocurrency it's going to be what helps save us in this messed up economy.... Join facebook PIMPYS Investment chat and he's on TH-cam.... Better get some XRP
If a really bad solar storm hits us and the EMP burns out the electric grid, then they'll need an astronomical amount of copper to rebuild all the electrical transformers and that would drive up spot prices. That could happen. LoL!
@@snausagesmcgee3963 But really real men anly use Zinc pennies for all purchases. Do you remember those? That's the only way I pay. Of course that's probably why I am homeless, skinny, naked, and sleep under a newspaper...a newspaper that I stole actually...because I had no Zinc Pennies.
only sucker here is the people NOT investing in copper; super computers , electric cars and deteriorating infrastructure.. and green energy alternatives will drive up the price in the next two decades
I just buy copper bullion to collect. I buy silver bullion and gold bullion for the long term. I agree! Nothing wrong with collecting copper bullion if you like the designs though.
I 100% agree copper rounds are an extremely high premium way to stack copper, but.... $1-$2 for a cool design on a copper round is worth it to me as a collector. More of an artistic piece to me.
Bro, copper is the first metal we figured out how to make tools out of other than striking stones together until they're sharp. Holding copper is perfectly fine. Not everything has to generate billions of megagigabucks to have intrinsic value. Not everyone has a Devil Forge with which to melt their copper wires and cast a bar from. You can turn copper into an arrowhead or a bullet. It's a metal that has many uses. Copper is the ultimate final form of a SHTF scenario. If the shit has spread so far that copper is what we need, then you'll be grateful to have been keeping some around.
I disagree that buy copper bullion at 10x the value is ever a good idea. If there is a "zombie apocalypse" you're not going to forge your own bullets out of copper rounds. If you're worried about that kind of thing, then stock up on bullets and wire...at normal prices. Don't waste your money on overpriced copper bullion
I think the best way to invest copper is to save all 1982 and prior pennies. Eventually it will legalized to melt it once it starts dwindling in circulation and no longer affects the coin supply.
In a SHTF situation copper rounds would be the equivalent of at most 50 cents most definitely a dollar or less trading value. Just buy a bag of 1 inch copper rounds for $ 0.43 For every thing else goldbacks, silver coin and Last gold coin
Funny story: about a year ago I bought a 1kg bar of copper bullion at a flea market for $15. I bought it mainly because I thought it was neat, but I still felt ripped off when I saw what the spot price of copper was. But yesterday I went to my LCS and asked how much I'd be able to get for it if I sold it to them, and the owner said $20, specifically because so many people are willing to pay such high premiums for copper. I'm conflicted. Part of me wants to get my money back (and then some), but another part of me doesn't want to indirectly contribute to someone losing money on a poor investment choice.
That's a fair point. If people buy it because they think it's cool, then it's no big deal. If they buy it as an investment, that's where it's a problem
Hold on to it. Copper has gone up 60 percent since the day of this video while silver still stuck at 22.00. He is the sucker. Copper is the oil of the future
Should I confess that I also stack pre-1982 pennies on the side? I would think you'd pay more with copper bullion than the old copper pennies you can find in your coin jar.
While hoarding copper bullion is a longshot and a poor investment, hoarding copper pennies (pre 1982) does have its advocates.
There is a site called realcent.org that discusses hoarding, or if you prefer, saving pre 1982 pennies along with holding gold and silver. The arguments concerning hoarding and saving copper pennies are as follows- 1. The supply is still fairly plentiful. Because copper doesn’t get much love from the investing world, obtaining copper cents is an easy way to exchange fiat for real money (hence the name of the forum, realcent.) 2. The inflation/deflation issues. If we get deflation (a faint possibility but not impossible) a penny still has the buying power of a penny. Pennies can be exchanged for dollars at any bank or credit union. If we get inflation, everything goes up in price, including the price of copper. Copper is as of Sept 24, 2020 is $2.7827 per pound, but it only takes 155 of pre 1982 pennies to add up to one pound of copper (95% of a penny’s weight is copper the rest is zinc or tin) $1.55 in coins worth $2.78 in metal, kind of makes holding a couple of rolls of pre 1982 cents as a speculative play without too much cash outlay or risk. 3. The collectable angle- if the government ever stops minting the penny, then each penny becomes a collectable - consider how the Indian Head/Feathered Liberty Penny went up in price over time when the Lincoln Cent was issued, or how the Buffalo Nickel became sought after by collectors when the Jefferson Nickel was minted. Now I’m not trying to convince anyone to hoard copper pennies, I’m just relaying the rationality of those who do. It’s a small speculation without too much risk, the item in question (pre 1982 pennies) will never become worthless, they will always have the metal value backing up each coin. This is just my- Two cents On the subject.
1982 was the year the composition of the penny went from 95% copper to 97.5% zinc. Some 1982 pennies were minted from the old stock of copper and weigh 3.1 grams while the copper plated zinc pennies weigh 2.5 grams.
I save the pre-82's I get in pocket change. 8 years ago, you got about 1 copper for every 8 zinc. Now it is down to about 1 copper for every 20 zinc. People like me are pulling them out of circulation. Bad money drives out good! :)
I just spit coffee all over my monitor. LOL A dude making a video about "suckers" while he's wearing a face mask. My side may bust from laughing so hard... I might cough up my spleen. THANK YOU, sincerely for the laugh. I CAN'T BREATH!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣
Gold, Silver, and Copper are not investments. They are money. These monetary metals correspond to large, medium, and small purchases. This should always be kept in mind, as the preservation of your wealth or purchasing power should be looked at in the same way. The largest part of your purchasing power should be in Gold. The second largest should be in Silver. And the smallest should be in Copper that you can get as close to spot or below as is possible. Buying Copper rounds, you will generally be spending 10X or more what the metal is worth, which would be like spending $250 for a 1ounce Silver round. Pre-82 American pennies, pre-97 Canadian pennies, are high Copper content coins. If you can collect these coins passively, that's the best way, beyond scrapping all appliances and electronic devices that pass through your hands, to stack Copper.
I totally agree with you on passively stacking copper if that's what you're into, but I disagree with the premise that PMs are not investments because they are money. That's a very narrow definition that disregards context. It's like saying that cake is not a food because it's a dessert. Appreciate your comment even though I disagree :)
@@Silverpicker You are free to disagree, but you would still be wrong. The definition I offered of the monetary metals as money is narrow, but narrowness or exclusivity is part of the nature of truth. You really can’t get away from it. I’m not surprised that you disagree with me on the issue, as most people would. That’s mostly because we’ve both forgotten and been socialized against recognizing reality when it comes to money. This has happened for a myriad of reasons, but the most basic has to do with human nature and the additional corruption that power often brings to our natures. Teaching people to regard Gold & Silver as shiny rocks, barbarous relics and the like makes perfect sense, when men and women of power and influence want to increase their own power and influence at the expense of the masses. This is why we were taken away from using money in daily transactions and eventually taken away from having money/monetary metals backing our currencies. They wanted to jettison transparency, accountability, and discpline in spending, and they did so by slowly convincing us that reality was just old fashioned or otherwise out of date. When I said that Gold, Silver, and Copper are not investments but are money, I was speaking in the ontological and teological sense. Philosophically speaking, I’m saying that they are money by nature and by design. Now, can they be other things (i.e. context)? Yes! Just as a pipe can function as a hammer, the monetary metals can function as other things, including investments. Despite the fact that a pipe can function as a hammer, it will never, in fact, be a hammer. If you capture a near perfect example of a Gold coin and put it into a graded case by PCGS, NGC, or some other gradining company, you can turn that money into a collectible. You can use them to create a grand work of art to raise their value in a niche market. You can develop entire markets on which people can bet and speculate and connect them with sophisticated investing devices like ETFs and other derivatives, but that does not mean that the monetary metals, in themselves, are actually those things. They are, in fact, money, but they are used in various ways to siphon value/purchasing power away from the masses by treating them as something other than what they are at base. Again, the monetary metals can be or function as all sorts of things, including investments, but that is not actually what they are. The monetary metals possess the 15 characteristics of money to a greater or higher degree than any other thing on the planet and thus, naturally fit the very definition of money better than anything else that has ever existed. This is precisely why the world has slowly and naturally gravited toward them for monetary use in consonance with the growth in our own economic understanding and global economic complexity in the last 10,000+ years (Copper), 6,000+ years (Silver), and 5,000+ years (Gold). They are a store of value, a medium of exchange, a unit of account, and a standard of deferred payment. They are fungible, durable, portable, recognizeable, stable, and relatively difficult to counterfeit successfully. They are divisible, verifiably countable, inert, rare, and historically proven to a degree that nothing else in the world can match. Even with an understanding of the context (i.e. pipes as hammers or cake as food), the monetary metals remain money at the most basic humanly useful level. Seeing them as something else, in anything like a primary sense, is nothing more than participating in the faux reality that the powered elite want us to live in to our own detriment. This is why owning physical monetary metals brings one genuine purchasing power and freedom, while owning ETFs and Stock certificates ultimately only leaves them with counter-party risk.
@@veritasfiles I agree with much of what you're saying-the idea that various metals fit the definition of money is absolutely true. That said, you are missing one critical factor. To be money, it has to be readily accepted in exchange for goods or services. You could not take a lump of copper or even a copper round and buy anything with it. It's hard enough with gold let alone copper (though Goldbacks have made a ton of progress in this). I really do appreciate the sophistication of your response, but you are answering a theoretical question, and not taking the practical application into account.
@@Silverpicker I think I've really said enough, but I will respond briefly to what you've offered. I'm sympathetic to your desire to hold to your own view, but you're confusing money with currency, which is the medium by which money becomes "live" for want of a better term. Gold, Silver, and Copper are still money, though they are not universally or always accepted as currency. This is a fine distinction, but it is one that must be made, if we are actually to address the "practical" issues at play. Central banks all over the world hold massive amounts of Gold, probably 40,000 to 50,000+ tons, if the Chinese were open about their real holdings. They do not do so because Gold is not money. They do so because Gold is money. It may not currently be in use as currency, but nothing about its basic nature has changed. I would encourage you to see Gold, Silver, and Copper as monetary metals, rather than precious, industrial, or base metals in their most basic sense. They certainly can and do operate in or perform other functions, but this doesn't change the fact of their monetary nature. Thanks for the interaction.
The one BIG exception is highly popular silver round series that also launch with a copper version that also has a limited mintage, like the World Dragons. The coppers can often make very good returns like the silver ones do, as a lot of collectors want matching sets, or just go with a copper version of something they are interested in, etc... Another area if you know what you are doing is reselling 5oz round versions of popular coins that you tone, preferably in a natural way (so basically just letting them sit around for a few months). A 5oz penny is a neat paperweight or gift! I'll admit have about 40oz of generic copper rounds, but they are mostly just for fun/gifts, also I'm young so in a few decades they will probably be worth at least the money I paid for them lol. Eventually I might put them in a decoy safe...
The main drivers for new copper demand will be supporting solar, wind, energy storage systems, electric vehicles (EVs) and EV charging stations. An average gasoline powered car uses only about 20kg of copper, mainly as wiring. A hybrid car uses about 40 kg and a fully electric car uses roughly 80kg of copper. With the entire planet transitioning to renewable energy over the next few decades you don't think that's going to revolutionize the entire economy, the planet and affect copper prices?
@Joe Eoj including, as the price of energy goes up, the cost to extract metals goes up, which causes the value of metals to go up. That's not to say there couldn't be a monumental collapse in the economy, the likes the world has never seen before 🤔
Hurt my back lugging pennies back to the bank? Um no, but you should have seen the look on the managers face when I drove through their lobby with a Skid loader with 4 tons of pennies in the bucket... 😆
As a tradesman, I have found myself recycling old copper wire to save the environment, a few times over the years. Price per pound was always around 1 dollar for wire, a little more for solid. So of course when I saw bullion prices I scratched my head. No, I didn't bite.
Hey silver picker. Hows it going? Well im looking to buy a FRANKLIN MINT 1000 GRAIN STERLING SILVER BAR. Whats you opinion on those. And how would you test it.
I don't know if it suckers or not but I noticed APMEX sells copper bullion from $1.58 and now jumps to $4.11 within under 6 months. And the copper is rarely available on both JM Bullion and APMEX. JM Bullion is like 99% of the time were unavailable, and if it does within 1 hour, it would be gone. On the other side, APMEX has more available but most copper still "out of stock". On other websites such as eBay and Amazon, people sell the copper bullions for $10-$20 per oz.
Copper Pennies (pre-1982) have the best value by weight, and most of my copper holdings are in this form. But I do collect Copper Bullion for novelty purposes. Interesting to note: Copper has doubled in price from last year (Gold and Silver are superior investments, of course)
Novelty is for sure totally cool. Investing in copper is not terrible if you can get it below melt value. The issue is investing in copper bullion rounds that have zero chance of making you your money back by weight
I totally agree with you, but I buy some copper rounds on occasion simply because I think it's cool. I like the color and typically only buy into the design, not the value.
There is I believe a place for having a few one ounce copper bars or rounds. With two such bars and the proper equipment and know-how one can make copper colloid which can be used as a topical antimicrobial treatment for wounds in the absence of other antiseptics. I can see they would also make PERFECT counter balance weights for an old school balance scale because they are pre-measured and marked in standard ounces. If you wish to sell one ounce of say, squash seeds? Even having a few half or 1/4 ounces on hand for smaller amounts. They also are quite attractive if not handled. I can see people taking small amounts of copper in trade for small things. A one ounce copper bar could quite easily be made into a make shift broad head arrowhead or five such pieces could be heated and hammered into a crude knife or a spear point. I do agree, stacking them with the intent of selling them later to make a massive profit is a pipe dream. I do have about 40 that I got for a buck each and now they are going for $2.75
Did some slightly ruff %'s the other day (Feb 15, 2022). For 1 oz ($0.28 per ounce) you are gonna pay up to just over $3. That is around 675% price hike over spot. For a 10 lbs bar ($4.55 per pound) you are gonna pay around $170. That's over 200% price hike over spot. If anyone does some more accurate math I would love to see the real percentages.
Copper is pretty, especially as it ages... so I definitely think those are cool coins. I would laugh out loud at someone stacking them in a vault though.
Copper bullion bars were made originally for industrial use, anything smaller that something like a 25kg bar is just a collector's item. Of course if the price shoots up...
I don’t buy these to stack or collect, but to make cool shiny things that are more valuable. Like a touch sensor for turning on my light with a cedar wooden plate that I mill here on the farm. Now that’s fun and for this, $1.50 per coin is actually not bad. It’s all a matter of perspective
I freaking love, pure, copper with it's shine and color. Yeah, I probably like silver more, and then gold; but, copper's colors, to me, is unique. In some rather indescribable way; I think copper is my favorite out of the three for certain reasons. It has utility. You can do a lot with it. Gold wire has a place for certain industries; but, your home electrical isn't wired with gold. Copper puts out, she isn't high maintenance. You don't buy copper bullion for the same reasons you buy silver or gold; at least I don't. I've bought it because it's beautiful. I can handle it, look at it, get a feel for it, melt it down if I want to, shape it, work with it; and I can do so, 'cheaply.' Heh... Silver will tarnish if your not careful with it; copper will oxidize too; but, it's just copper, so no biggy... And gold, well, gold is nice; but, gold is expensive... Copper is the everyone's metal. :) I have a single half pound copper bullion bar and it currently makes a nice paper weight; and I'm quite happy with it being nothing more than that. It's a beautiful metal..
I'm with ya ! I've been fascinated with copper since I was young! I cast my 1st ingot a couple of days ago. Its addictive!! Its definitely my favorite metal.
Here's a basic economics question for ya. If the dollar goes to zero what's the price of copper? Everyone's focused on certain commodities. I suggest you focus on the dollar that has lost 98% of it's value BEFORE 2020, trade them for anything that's real.
If the dollar goes to zero, copper will be effectively worthless because the entire world economy would collapse and production would all but come to a complete stop. Saying the dollar is not real is not a serious opinion.
TBF to copper, copper/copper alloy coins have been a cornerstone of currency just as long and reliably as gold and silver (and has kind of survived them in that role today). It's a common metal, but far less common than iron. It's right to say it's not nearly as good a store of wealth as silver/gold of course. Its role as money has always been to be the grease that makes the smallest scale transactions in an economy work when small silver coins (and today paper money) would be to much.
That is a fair point, and I actually considered discussing it in the video, but I thought it would be too much of a tangent. Thanks for sharing here, though!
I bought 20 oz of Copper solely for collecting purposes. I just like some the designs on them, and they were cheap so I didn't mind buying them. But I probably won't be getting anymore. Silver and gold are my main focus
It's not about investment...The copper rounds (Eagles) are cool looking and cheap...I bought them on ebay for 2...sold 3 for 10 apiece...The General public have NO idea about value of bullion much less Constitutional...The copper rounds are a novelty, and I don't think there's a stacker in the world that says; these are for investing...
Copper, though a very cool metal that I collect for fun, is one of the most common metals on this planet at concentrations of 50 parts per million. Any perceived scarcity is probably only due to demand and the supply/production output not being able to keep up short term. Key word here is short term. Cool video! Thanks
@@Silverpicker maybe that is why they sell it expensive lol I live in Philippines,,and copper got that most valuable junk shop sellable thing,but mostly its sold as wires. not coins haha
I gave you a "like" for your video. You were very honest about copper and came straight to your point of view. However I did collect many ounces of copper coins and bars at an average cost of 85 cents per ounce. I am holding them for the long term, 50 years or more for my children or grandchildren. They are very cheap to purchase in lots of 80-100 and beautiful designes that I thought were meanwhile to have. God bless you all!
@@Userhfdryjjgddf Not everybody has thousands of dollars to buy ounces of silver and gold tho. Heck, I paid over $100 for a 100-gram Valcambi Silver bar. People with deep pockets can, but for the average commoner like myself, it'll only be a few grams here and there.
OMG I just bought 200 of those copper coins for $3 each. I should have just watched this video earlier. Should I sell them immediately or what should I do?????! For now I'm just going to hold on to them just in case the price does go up.
Hold onto them. Maybe they will go up in price a little and you can get all your money back. I picked up some just for fun. Think of them as penny stocks.
Take no notice of this TH-camr. Fucking insulting people calling them suckers. He's just a nobody trying to get likes and subs for his channel and then he starts advertising at the end of the video. You collect what you want and enjoy yourself and have fun with it. By the way, I also have some copper bars I bought from ebay because I love the look of them. It's not a precious metal but still nice.
I bought a tube of copper rounds from a coin show a few years ago. Didn't know much at the time and the seller probably smelled the sucker stench as I walked in. Still have them and probably will for a long time
The only copper bullion I have was either given to me as a gift or bought in one of those eBay grab bags. I do stack copper but it’s in the form of pre 82 pennies I get either in my change or from the bank in rolls at fv
Copper would be beneficial if you stacked close to 300-400 pounds of it at a few cents above spot, but the stacking game with copper is just for bullion companies to make a little more revenue off of those too impatient to save for silver or gold. Focus on silver and gold people!!
depends on how you define bullion. there are other ways that you can invest in copper 100% risk free, namely just keeping your pre 1982 pennies which at the end of the day, so as long as you get it face value you get an immediate 300% roi since pennies contain 3c worth of copper. yes, pure copper bars and coins are stupid due to the high premium but pennie’s are some not all people think of
The only copper round I ever bought was a US Mint George Washington Medal. I got it in 1977 at the the Philly mint after the tour. At 14 I couldn't afford anything else in the store LOL! I still have it, it's still in the packaging. I think the mint finally stopped making it this year. So it's nearly worthless, but I like it. It's a reminder that I took the mint tour.
Copper "bullion" is a novelty in my opinion. For example I have the giant 1909 S VDB penny. I love wheat pennies and thought it's a cool novelty item. Who wouldn't love a giant wheatie?!
I do stack metals like gold, silver, bronze and copper but for all of them I don’t do it for investment. I do it only because I like the look and feel of the metals. I like gold, silver and red bronze/copper look. I like the designs and it makes me feel rich even if it doesn’t make me rich technically. I never plan to sell any of my coins and I will keep them till I die at least for most. Even if copper is common, someone still has to work in a mine and get it so to me it has a value in a way. But it should be known that collecting should be done for fun not more for investment as I see investment as a side bonus because if I am being real all we would have to do is find a way to make silver/gold or for far future become a galactic empire and harvest gold and silver from other planets for those metals to become worthless. So they can’t last forever but obviously when we are alive they will grow in value but for generations to come when and if we reach the point then yes.
I understand what you're saying, and no, investing in copper isn't a cash grab waiting to happen unless you own a copper mine lol. I collect the 1-ounce rounds because it's like you said, some of them are nice and have unique designs. As a coin collector, these are just another avenue to explore and they are good conversation pieces as well. Like your 1909 1 ounce penny, that coin is cool and I am Canadian lol. I have begun collecting silver from grams to ounces, Coins, and bullion
Agreed these are for the color and to add some "color to your stacking" in my opinion lol if you like the color and style buy some but if for investing or saving not so much value
Copper is good tho I'm in the UK get Indian head copper bullion bars for £1.20 a Oz per bar .I've sold 500+ at £5 per 1 Oz bullion why you say it's terrible i don't know i can buy 300 coins a time from America time it gets hear I'm 3x that amount in profit
Humm. I didn’t realize that people were stamping out copper coins aside gold and silver... but I think “investing” time in saving copper scrap is a good idea... you won’t get RICH... but it can be well worth the wait...
Personally I'd say you should scrap whatever you have now and invest it in something that will appreciate way more quickly. If you have $100 in copper, why wait 10 years until it's worth $200. Better to buy 3 silver rounds or $100 in Bitcoin
"Investing" in copper to buy silver or gold is like buying silver to buy gold. But yeah very high premiums Very great video, its sure copper wont be outperforming gold but it can legit double
I think if you wanna buy $100 a year in wheat pennies but I say 70% silver 25% gold and about 5% of a mix of cooper, Platinum and Paladium inhard assets at your home.
in a shtf situation copper will have it's worth and people will need it. personally i keep copper bar cut down into 100gram pieces stamped with weight and c11000. point is it will be easier to trade with that in many situations. i'd rather pull out five of those than a gold coin and have the rest stolen from me.
First, they charge at least a dollar for 1 ounce when it's melt value is like 30 cents. So you end up paying 4 times more than it's actual value as a metal. Not to say most sites will charge you 2 bucks like he said so you pay 7 TIMES MORE ! These premiums are insane and people getting screwed by them. Copper will increase in price but it won't reach a dollar for an ounce in the next 30 to 50 years in my opinion so you'll just waste your time stacking it while making little to no profit. I suggest you invest in Nickel and Copper stocks such as BHP. The only reason you might consider buying physical is for the cool designs and texture this metal has. Stick with Silver and Gold their premiums aren't even close to that of Copper.
Ampex selling a oz $3 what you think they'll be selling it for in 10 years, or I could stack silver but silver was at $50 a oz and dropped to $16, plus the scrap metal yard will pay about that price per pound that's before going through how many hands.
Now that's not a bad way to stack copper! (Though if I were you, after I had 100 pounds, I'd bring it to the scrap yard, sell it, and buy some silver with that money)
Buy a smelter of some sort and start a YT channel where you melt down the scraps and pour it into bar molds. A surprising amount of people will probably consume that media.
I also think saving pre-82 copper pennies is a waste of time. Even if you could legally melt them down, the time and resources to separate out the copper would nullify any profits you could gain over the face value of the coin. Not to mention there is the investment of time to sort out copper pennies from zinc pennies. That’s time that could have been spent on something else that could have been more profitable or productive. Indeed, time is our most precious resource. Don’t waste yours on making a few pennies from a larger pile of pennies.
I agree. If everyone in 2011 who stacked copper pennies (when copper penny hoarding got super popular) bought Bitcoin instead, they would be exceedingly wealthy. Every 100 pennies would have been worth almost $20k lol (bitcoin was $1 back then)
You don't value a painting at the price of a canvas and a bucket of paint. Likewise, if you like the artistic design of a copper round, and don't want to or can't afford the silver version, a couple of bucks for it isn't bad. There's some value (cost) to the minting process etc. so it's not like the producer makes their money ten times back. With the high premiums on second market limited mintings on some silver rounds from goldenstatemint there may be a market for the cheaper copper versions for collectors of the designs. But yes, even today it seems unlikely that copper will go to $30 per oz. At least not until the dollar bottoms out, and then you should look at price in yuan at the Shanghai commodities market instead.
I have a couple copper Morgan rounds, just because I like the design. But I have never thought that copper would be a good investment. I only ever thought of it as something junkies steal a/c units to sell for quick cash. Welcome to florida...
There are a few copper pieces that are worth buying, such as the copper pieces part of a series. Provident made a series of dragons from around the world in Silver and copper. The copper ones have skyrocketed in price, going for around $10-$15 a pop. Same with the Four Horsemen of the Apocalypse.
The world is going to be a electric and solar powered society that should put copper in very much demand soon so I'll collect copper silver and gold bars for the long term and I'll invest in mining companies as well...
Copper can be an investment but storing the amount you need is not easy. The $3 somthing spot is for pounds not ounces. An ounce is somthing like .30 cents. The easiest way to invest in copper is with an ETF. Id stick with physical gold and silver!
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Git the grab bag ready ill take all the copper rounds out if it hahahah jk
Hey Max oh, I've been noticing the silver prices during to go back down and is around $22 at the moment. Do you think it will go back up in price this year? I know it's not really something you can really predict, but seeing our economy as it is, do you think the price will go back up to where it was around $29?
I'm just debating selling some of my stack because I need to pay some bills, but I don't want to get rid of it if it wouldn't be a wise decision. It would be awesome to get some feedback from an expert like you
@@onthefasttracktoheaven I wouldn't sell when this shit show is over with this Stolen Election and Covid Plandemic among other things .... And it's about over.... Market Minipulation is going to be over and true value will come. ... Start getting into Cryptocurrency it's going to be what helps save us in this messed up economy.... Join facebook PIMPYS Investment chat and he's on TH-cam.... Better get some XRP
I don't buy copper to stack! I buy the ones I like just to collect. I know that they are not worth much, just like the designs.
I agree dont say if you buy it your a sucker, Maybe they just like it.
100% agreed.
Nothing wrong with that, Keith!
@@Silverpicker yo. I wonder if you'll read dis?
@@ivanscoins6906 Wonder no more!
If a really bad solar storm hits us and the EMP burns out the electric grid, then they'll need an astronomical amount of copper to rebuild all the electrical transformers and that would drive up spot prices. That could happen.
LoL!
😂😂😂
It will happen. Copper is the true king of the metals
@@snausagesmcgee3963 But really real men anly use Zinc pennies for all purchases. Do you remember those? That's the only way I pay. Of course that's probably why I am homeless, skinny, naked, and sleep under a newspaper...a newspaper that I stole actually...because I had no Zinc Pennies.
only sucker here is the people NOT investing in copper; super computers , electric cars and deteriorating infrastructure.. and green energy alternatives will drive up the price in the next two decades
I agree that buying copper, especially bullion is a bad idea, but holding scrap that didn’t cost anything doesn’t hurt.
Agreed!
@@Silverpicker not true that bullion is a bad idea, it's just that copper bullion doesn't exist for retail.
@@Silverpicker Me to
Or copper cents, 81 and prior, some 82's
I just buy copper bullion to collect. I buy silver bullion and gold bullion for the long term. I agree! Nothing wrong with collecting copper bullion if you like the designs though.
Agreed!
Copper $4.14/lbs today. Price is going up.
yes
💯 Facts
yeah like. just buy em as wires then weigh em
Isn’t Copper Wire more Expensive
I 100% agree copper rounds are an extremely high premium way to stack copper, but.... $1-$2 for a cool design on a copper round is worth it to me as a collector. More of an artistic piece to me.
Totally fair point
So pretty.
Bro, copper is the first metal we figured out how to make tools out of other than striking stones together until they're sharp. Holding copper is perfectly fine. Not everything has to generate billions of megagigabucks to have intrinsic value. Not everyone has a Devil Forge with which to melt their copper wires and cast a bar from. You can turn copper into an arrowhead or a bullet. It's a metal that has many uses. Copper is the ultimate final form of a SHTF scenario. If the shit has spread so far that copper is what we need, then you'll be grateful to have been keeping some around.
I disagree that buy copper bullion at 10x the value is ever a good idea. If there is a "zombie apocalypse" you're not going to forge your own bullets out of copper rounds. If you're worried about that kind of thing, then stock up on bullets and wire...at normal prices. Don't waste your money on overpriced copper bullion
@@Silverpicker Fair enough.
I buy the copper rounds and bars because I can't afford the silver collector pieces. Copper's great for collector pieces and art bars.
I think the best way to invest copper is to save all 1982 and prior pennies. Eventually it will legalized to melt it once it starts dwindling in circulation and no longer affects the coin supply.
You are right, but they won't bother to melt it. It will trade like pre-'65 US silver dimes and quarters.
As a Vietnam Veteran, I like the Vietnam Veteran Round. (Helicopter for my "Transportation' Topical" collection😁).
In that case, it's definitely worth the $2
I would just like to Sincerely say, Thank You So Much for your Selfless Sacrifice & Service Sir!!!
In a SHTF situation copper rounds would be the equivalent of at most 50 cents most definitely a dollar or less trading value. Just buy a bag of 1 inch copper rounds for $ 0.43 For every thing else goldbacks, silver coin and Last gold coin
Funny story: about a year ago I bought a 1kg bar of copper bullion at a flea market for $15. I bought it mainly because I thought it was neat, but I still felt ripped off when I saw what the spot price of copper was. But yesterday I went to my LCS and asked how much I'd be able to get for it if I sold it to them, and the owner said $20, specifically because so many people are willing to pay such high premiums for copper.
I'm conflicted. Part of me wants to get my money back (and then some), but another part of me doesn't want to indirectly contribute to someone losing money on a poor investment choice.
That's a fair point. If people buy it because they think it's cool, then it's no big deal. If they buy it as an investment, that's where it's a problem
Hold on to it. Copper has gone up 60 percent since the day of this video while silver still stuck at 22.00. He is the sucker. Copper is the oil of the future
25% return on your (investment),? Take profits
Should I confess that I also stack pre-1982 pennies on the side? I would think you'd pay more with copper bullion than the old copper pennies you can find in your coin jar.
I do the same
Me too...
I stack them too.
Same but I'm weird, I have no intention on selling them, their just part of my collection
While hoarding copper bullion is a longshot and a poor investment, hoarding copper pennies (pre 1982) does have its advocates.
There is a site called realcent.org that discusses hoarding, or if you prefer, saving pre 1982 pennies along with holding gold and silver.
The arguments concerning hoarding and saving copper pennies are as follows-
1. The supply is still fairly plentiful. Because copper doesn’t get much love from the investing world, obtaining copper cents is an easy way to exchange fiat for real money (hence the name of the forum, realcent.)
2. The inflation/deflation issues. If we get deflation (a faint possibility but not impossible) a penny still has the buying power of a penny. Pennies can be exchanged for dollars at any bank or credit union. If we get inflation, everything goes up in price, including the price of copper. Copper is as of Sept 24, 2020 is $2.7827 per pound, but it only takes 155 of pre 1982 pennies to add up to one pound of copper (95% of a penny’s weight is copper the rest is zinc or tin) $1.55 in coins worth $2.78 in metal, kind of makes holding a couple of rolls of pre 1982 cents as a speculative play without too much cash outlay or risk.
3. The collectable angle- if the government ever stops minting the penny, then each penny becomes a collectable - consider how the Indian Head/Feathered Liberty Penny went up in price over time when the Lincoln Cent was issued, or how the Buffalo Nickel became sought after by collectors when the Jefferson Nickel was minted.
Now I’m not trying to convince anyone to hoard copper pennies, I’m just relaying the rationality of those who do. It’s a small speculation without too much risk, the item in question (pre 1982 pennies) will never become worthless, they will always have the metal value backing up each coin.
This is just my-
Two cents
On the subject.
1982 was the year the composition of the penny went from 95% copper to 97.5% zinc. Some 1982 pennies were minted from the old stock of copper and weigh 3.1 grams while the copper plated zinc pennies weigh 2.5 grams.
I save the pre-82's I get in pocket change. 8 years ago, you got about 1 copper for every 8 zinc. Now it is down to about 1 copper for every 20 zinc. People like me are pulling them out of circulation. Bad money drives out good! :)
I'm definitely not against investing in copper pennies, especially if you buy them at face value. Gonna be interesting if they ever get demonetized
@@Silverpicker If they get demonetized, then they are worth melt! They would double in value after being de-monetized! :)
I just spit coffee all over my monitor. LOL
A dude making a video about "suckers" while he's wearing a face mask.
My side may bust from laughing so hard... I might cough up my spleen.
THANK YOU, sincerely for the laugh.
I CAN'T BREATH!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣
Yep, you’ve got it all figured out. You’re the genius and everyone else is an idiot
I bought four rolls of copper Zombucks for $60. I think the collector value far exceeds the copper value.
Have you checked what they are trying to sell them for today on Ebay? Just curious.
My same thought mate.
I'm curious to hear what they'd sell for today as well
Zombucks hold their value. Love them!
Gold, Silver, and Copper are not investments. They are money. These monetary metals correspond to large, medium, and small purchases. This should always be kept in mind, as the preservation of your wealth or purchasing power should be looked at in the same way. The largest part of your purchasing power should be in Gold. The second largest should be in Silver. And the smallest should be in Copper that you can get as close to spot or below as is possible. Buying Copper rounds, you will generally be spending 10X or more what the metal is worth, which would be like spending $250 for a 1ounce Silver round. Pre-82 American pennies, pre-97 Canadian pennies, are high Copper content coins. If you can collect these coins passively, that's the best way, beyond scrapping all appliances and electronic devices that pass through your hands, to stack Copper.
I totally agree with you on passively stacking copper if that's what you're into, but I disagree with the premise that PMs are not investments because they are money. That's a very narrow definition that disregards context. It's like saying that cake is not a food because it's a dessert. Appreciate your comment even though I disagree :)
@@Silverpicker You are free to disagree, but you would still be wrong. The definition I offered of the monetary metals as money is narrow, but narrowness or exclusivity is part of the nature of truth. You really can’t get away from it. I’m not surprised that you disagree with me on the issue, as most people would. That’s mostly because we’ve both forgotten and been socialized against recognizing reality when it comes to money. This has happened for a myriad of reasons, but the most basic has to do with human nature and the additional corruption that power often brings to our natures. Teaching people to regard Gold & Silver as shiny rocks, barbarous relics and the like makes perfect sense, when men and women of power and influence want to increase their own power and influence at the expense of the masses. This is why we were taken away from using money in daily transactions and eventually taken away from having money/monetary metals backing our currencies. They wanted to jettison transparency, accountability, and discpline in spending, and they did so by slowly convincing us that reality was just old fashioned or otherwise out of date. When I said that Gold, Silver, and Copper are not investments but are money, I was speaking in the ontological and teological sense. Philosophically speaking, I’m saying that they are money by nature and by design. Now, can they be other things (i.e. context)? Yes! Just as a pipe can function as a hammer, the monetary metals can function as other things, including investments. Despite the fact that a pipe can function as a hammer, it will never, in fact, be a hammer. If you capture a near perfect example of a Gold coin and put it into a graded case by PCGS, NGC, or some other gradining company, you can turn that money into a collectible. You can use them to create a grand work of art to raise their value in a niche market. You can develop entire markets on which people can bet and speculate and connect them with sophisticated investing devices like ETFs and other derivatives, but that does not mean that the monetary metals, in themselves, are actually those things. They are, in fact, money, but they are used in various ways to siphon value/purchasing power away from the masses by treating them as something other than what they are at base. Again, the monetary metals can be or function as all sorts of things, including investments, but that is not actually what they are. The monetary metals possess the 15 characteristics of money to a greater or higher degree than any other thing on the planet and thus, naturally fit the very definition of money better than anything else that has ever existed. This is precisely why the world has slowly and naturally gravited toward them for monetary use in consonance with the growth in our own economic understanding and global economic complexity in the last 10,000+ years (Copper), 6,000+ years (Silver), and 5,000+ years (Gold). They are a store of value, a medium of exchange, a unit of account, and a standard of deferred payment. They are fungible, durable, portable, recognizeable, stable, and relatively difficult to counterfeit successfully. They are divisible, verifiably countable, inert, rare, and historically proven to a degree that nothing else in the world can match. Even with an understanding of the context (i.e. pipes as hammers or cake as food), the monetary metals remain money at the most basic humanly useful level. Seeing them as something else, in anything like a primary sense, is nothing more than participating in the faux reality that the powered elite want us to live in to our own detriment. This is why owning physical monetary metals brings one genuine purchasing power and freedom, while owning ETFs and Stock certificates ultimately only leaves them with counter-party risk.
@@veritasfiles I agree with much of what you're saying-the idea that various metals fit the definition of money is absolutely true. That said, you are missing one critical factor. To be money, it has to be readily accepted in exchange for goods or services. You could not take a lump of copper or even a copper round and buy anything with it. It's hard enough with gold let alone copper (though Goldbacks have made a ton of progress in this). I really do appreciate the sophistication of your response, but you are answering a theoretical question, and not taking the practical application into account.
@@Silverpicker I think I've really said enough, but I will respond briefly to what you've offered. I'm sympathetic to your desire to hold to your own view, but you're confusing money with currency, which is the medium by which money becomes "live" for want of a better term. Gold, Silver, and Copper are still money, though they are not universally or always accepted as currency. This is a fine distinction, but it is one that must be made, if we are actually to address the "practical" issues at play. Central banks all over the world hold massive amounts of Gold, probably 40,000 to 50,000+ tons, if the Chinese were open about their real holdings. They do not do so because Gold is not money. They do so because Gold is money. It may not currently be in use as currency, but nothing about its basic nature has changed. I would encourage you to see Gold, Silver, and Copper as monetary metals, rather than precious, industrial, or base metals in their most basic sense. They certainly can and do operate in or perform other functions, but this doesn't change the fact of their monetary nature. Thanks for the interaction.
The one BIG exception is highly popular silver round series that also launch with a copper version that also has a limited mintage, like the World Dragons. The coppers can often make very good returns like the silver ones do, as a lot of collectors want matching sets, or just go with a copper version of something they are interested in, etc... Another area if you know what you are doing is reselling 5oz round versions of popular coins that you tone, preferably in a natural way (so basically just letting them sit around for a few months). A 5oz penny is a neat paperweight or gift! I'll admit have about 40oz of generic copper rounds, but they are mostly just for fun/gifts, also I'm young so in a few decades they will probably be worth at least the money I paid for them lol. Eventually I might put them in a decoy safe...
Totally fair point
The main drivers for new copper demand will be supporting solar, wind, energy storage systems, electric vehicles (EVs) and EV charging stations. An average gasoline powered car uses only about 20kg of copper, mainly as wiring. A hybrid car uses about 40 kg and a fully electric car uses roughly 80kg of copper.
With the entire planet transitioning to renewable energy over the next few decades you don't think that's going to revolutionize the entire economy, the planet and affect copper prices?
I hope so im stacking copper
@Joe Eoj including, as the price of energy goes up, the cost to extract metals goes up, which causes the value of metals to go up. That's not to say there couldn't be a monumental collapse in the economy, the likes the world has never seen before 🤔
How much gold backs do you recommend for average silver stacker
Hurt my back lugging pennies back to the bank? Um no, but you should have seen the look on the managers face when I drove through their lobby with a Skid loader with 4 tons of pennies in the bucket... 😆
As a tradesman, I have found myself recycling old copper wire to save the environment, a few times over the years. Price per pound was always around 1 dollar for wire, a little more for solid.
So of course when I saw bullion prices I scratched my head. No, I didn't bite.
Hey silver picker. Hows it going? Well im looking to buy a FRANKLIN MINT 1000 GRAIN STERLING SILVER BAR. Whats you opinion on those. And how would you test it.
Pawn shop/LCS should have testers
No need to test Franklin Mint products, which are a good buy at spot. Sterling, in many ways, is more useful than 999.
Depends on the price. I'd find out what the specs are and then measure the bar and see if it matches
How’s It going everybody
I spent 0.99 for a copper 1oz bar so I bought 20 for 22 dollars and now each bar sells for 1.82. 😊
That's not a bad way to do it lol
I don't know if it suckers or not but I noticed APMEX sells copper bullion from $1.58 and now jumps to $4.11 within under 6 months. And the copper is rarely available on both JM Bullion and APMEX. JM Bullion is like 99% of the time were unavailable, and if it does within 1 hour, it would be gone. On the other side, APMEX has more available but most copper still "out of stock". On other websites such as eBay and Amazon, people sell the copper bullions for $10-$20 per oz.
copper is always gonna be valuable as opposed to paper money
That's not really true. That takes the context of the real world out of the analysis
The premium is too high 28 cents an ounce. Companies charge $2.00+ for an ounce.
This video: "Copper is a dumb investment"
(Copper prices keeps going up)
Brrrrr, lol
Copper Pennies (pre-1982) have the best value by weight, and most of my copper holdings are in this form.
But I do collect Copper Bullion for novelty purposes.
Interesting to note: Copper has doubled in price from last year
(Gold and Silver are superior investments, of course)
Novelty is for sure totally cool. Investing in copper is not terrible if you can get it below melt value. The issue is investing in copper bullion rounds that have zero chance of making you your money back by weight
I totally agree with you, but I buy some copper rounds on occasion simply because I think it's cool. I like the color and typically only buy into the design, not the value.
I think that's totally fine
Copper isn't not a bad investment and silver and gold are great too
Agree to disagree 😂
Just got my first goldback in the mail this week! Really happy with it and honestly might buy some in the near future!
That's awesome! Aren't they beautiful?
Coppers still worth way more then a paper fiat currency.
I mean it depends on the bill and how much copper 😂. But if your implication is that fiat is worthless...you're wrong
I bought a 10oz and 5 oz bar just for my own personal like of the metal. Geiger makes a beautiful cast.
Geiger is the best, worth the premium
Your timing is funny right as silver has been dropping. I’m so excited I finally got a couple pieces since it was $22!
Lol, that's a fair point. There's always a lag between when I shoot/edit the video and when it airs. Oh well lol
There is I believe a place for having a few one ounce copper bars or rounds. With two such bars and the proper equipment and know-how one can make copper colloid which can be used as a topical antimicrobial treatment for wounds in the absence of other antiseptics. I can see they would also make PERFECT counter balance weights for an old school balance scale because they are pre-measured and marked in standard ounces. If you wish to sell one ounce of say, squash seeds? Even having a few half or 1/4 ounces on hand for smaller amounts. They also are quite attractive if not handled. I can see people taking small amounts of copper in trade for small things. A one ounce copper bar could quite easily be made into a make shift broad head arrowhead or five such pieces could be heated and hammered into a crude knife or a spear point. I do agree, stacking them with the intent of selling them later to make a massive profit is a pipe dream. I do have about 40 that I got for a buck each and now they are going for $2.75
Can’t argue with that lol
Did some slightly ruff %'s the other day (Feb 15, 2022). For 1 oz ($0.28 per ounce) you are gonna pay up to just over $3. That is around 675% price hike over spot. For a 10 lbs bar ($4.55 per pound) you are gonna pay around $170. That's over 200% price hike over spot. If anyone does some more accurate math I would love to see the real percentages.
Copper is pretty, especially as it ages... so I definitely think those are cool coins. I would laugh out loud at someone stacking them in a vault though.
Exactly lol
Kind of genius put copper in a vault. And the real deal where nobody would expect.
I just like the stack though
The copper penny has been money since 1700s in USA.
10 copper pennies equal 1 90% silver dime,
How else do you make change? Silver Dust?
Copper bullion bars were made originally for industrial use, anything smaller that something like a 25kg bar is just a collector's item. Of course if the price shoots up...
I don’t buy these to stack or collect, but to make cool shiny things that are more valuable. Like a touch sensor for turning on my light with a cedar wooden plate that I mill here on the farm. Now that’s fun and for this, $1.50 per coin is actually not bad. It’s all a matter of perspective
I’ve just bought 3 grands worth
I freaking love, pure, copper with it's shine and color. Yeah, I probably like silver more, and then gold; but, copper's colors, to me, is unique. In some rather indescribable way; I think copper is my favorite out of the three for certain reasons. It has utility. You can do a lot with it. Gold wire has a place for certain industries; but, your home electrical isn't wired with gold. Copper puts out, she isn't high maintenance. You don't buy copper bullion for the same reasons you buy silver or gold; at least I don't. I've bought it because it's beautiful. I can handle it, look at it, get a feel for it, melt it down if I want to, shape it, work with it; and I can do so, 'cheaply.' Heh... Silver will tarnish if your not careful with it; copper will oxidize too; but, it's just copper, so no biggy... And gold, well, gold is nice; but, gold is expensive... Copper is the everyone's metal. :) I have a single half pound copper bullion bar and it currently makes a nice paper weight; and I'm quite happy with it being nothing more than that. It's a beautiful metal..
As a novelty or paperweight it's definitely ok. It sounds like your passionate about it, so that also makes it worth it
I'm with ya ! I've been fascinated with copper since I was young! I cast my 1st ingot a couple of days ago.
Its addictive!! Its definitely my favorite metal.
Here's a basic economics question for ya. If the dollar goes to zero what's the price of copper? Everyone's focused on certain commodities. I suggest you focus on the dollar that has lost 98% of it's value BEFORE 2020, trade them for anything that's real.
If the dollar goes to zero, copper will be effectively worthless because the entire world economy would collapse and production would all but come to a complete stop. Saying the dollar is not real is not a serious opinion.
TBF to copper, copper/copper alloy coins have been a cornerstone of currency just as long and reliably as gold and silver (and has kind of survived them in that role today). It's a common metal, but far less common than iron. It's right to say it's not nearly as good a store of wealth as silver/gold of course. Its role as money has always been to be the grease that makes the smallest scale transactions in an economy work when small silver coins (and today paper money) would be to much.
That is a fair point, and I actually considered discussing it in the video, but I thought it would be too much of a tangent. Thanks for sharing here, though!
I use copper ingots to weigh down my safe full of silver and gold
That's the best use I've heard so far!
I bought 20 oz of Copper solely for collecting purposes. I just like some the designs on them, and they were cheap so I didn't mind buying them. But I probably won't be getting anymore. Silver and gold are my main focus
As long as you're only buying a small amount for fun, it's not a big deal
It's not about investment...The copper rounds (Eagles) are cool looking and cheap...I bought them on ebay for 2...sold 3 for 10 apiece...The General public have NO idea about value of bullion much less Constitutional...The copper rounds are a novelty, and I don't think there's a stacker in the world that says; these are for investing...
If it's not about investment, then it's not big deal :)
Informative without being condescending it is always hard to strike a proper balance when telling people they made a mistake with money
Did I find it lol?
@@Silverpicker That you did my friend
Copper, though a very cool metal that I collect for fun, is one of the most common metals on this planet at concentrations of 50 parts per million. Any perceived scarcity is probably only due to demand and the supply/production output not being able to keep up short term. Key word here is short term. Cool video! Thanks
So glad you said this. People are willfully ignoring these facts. You can lead a horse to water...
Whats the difference no different to investing in silver or gold
Sounds like you read the title but didn’t actually watch the video…
I will buy those copper coins only for my satisfaction and the love for their designs. 😁
Lol, appreciate it, but I'll hold onto them for the next time I need to use them in a video :)
The value of energy required to turn those copper into bars or those fancy builions is DEFFINITELY more expensive than the copper itself
Very fair point
@@Silverpicker maybe that is why they sell it expensive lol
I live in Philippines,,and copper got that most valuable junk shop sellable thing,but mostly its sold as wires. not coins haha
I gave you a "like" for your video.
You were very honest about copper and came straight to your point of view.
However I did collect many ounces of copper coins and bars at an average cost of 85 cents per ounce.
I am holding them for the long term, 50 years or more for my children or grandchildren.
They are very cheap to purchase in lots of 80-100 and beautiful designes that I thought were meanwhile to have.
God bless you all!
Glad you enjoyed the video, Bob! I'd still say stick to silver, but as long as you don't buy too much you should be alright
If you leave your kids copper behind. They gonna be PISSED. Stack some silver and gold for them.
@@Userhfdryjjgddf Not everybody has thousands of dollars to buy ounces of silver and gold tho. Heck, I paid over $100 for a 100-gram Valcambi Silver bar. People with deep pockets can, but for the average commoner like myself, it'll only be a few grams here and there.
OMG I just bought 200 of those copper coins for $3 each. I should have just watched this video earlier. Should I sell them immediately or what should I do?????! For now I'm just going to hold on to them just in case the price does go up.
Hold onto them. Maybe they will go up in price a little and you can get all your money back. I picked up some just for fun. Think of them as penny stocks.
Take no notice of this TH-camr. Fucking insulting people calling them suckers. He's just a nobody trying to get likes and subs for his channel and then he starts advertising at the end of the video. You collect what you want and enjoy yourself and have fun with it. By the way, I also have some copper bars I bought from ebay because I love the look of them. It's not a precious metal but still nice.
Did you keep them?
I bought a tube of copper rounds from a coin show a few years ago. Didn't know much at the time and the seller probably smelled the sucker stench as I walked in. Still have them and probably will for a long time
That's too bad. Even so, we all make bad purchases, so don't feel too bad!
I'm a chemist, these are very useful.
The only copper bullion I have was either given to me as a gift or bought in one of those eBay grab bags. I do stack copper but it’s in the form of pre 82 pennies I get either in my change or from the bank in rolls at fv
No prob with that!
I love the designs and it's cheap so yeah I'm buying it
Copper would be beneficial if you stacked close to 300-400 pounds of it at a few cents above spot, but the stacking game with copper is just for bullion companies to make a little more revenue off of those too impatient to save for silver or gold. Focus on silver and gold people!!
There should be a modern, copper-backed currency
Lol why?
I purchased a single piece of Andorra Copper Eagle 2014 coin minted by Royal Canadian Mint...think8ng about its numismatic value
Copper rounds & slabs are interesting, and cheap. Want several, as desk ornaments.
Definitely cool if you consider them novelties...just not as investments
I like collecting copper rounds, it's a good thing to start your kids on.
I don't plan on resaling anything other than my goldbacks.
I hear that. As long as you're not expecting to make a profit on it, it should be fine :)
Should I still collect any pre- 1982 pennies?
It doesn't hurt, that's for sure
@@Silverpicker you got that right😂
I've got 1 piece of copper bullion...I bought it for the sterling silver mount holding it from my antique dealer
I hear that!
depends on how you define bullion. there are other ways that you can invest in copper 100% risk free, namely just keeping your pre 1982 pennies which at the end of the day, so as long as you get it face value you get an immediate 300% roi since pennies contain 3c worth of copper. yes, pure copper bars and coins are stupid due to the high premium but pennie’s are some not all people think of
Agreed!
The only copper round I ever bought was a US Mint George Washington Medal. I got it in 1977 at the the Philly mint after the tour. At 14 I couldn't afford anything else in the store LOL! I still have it, it's still in the packaging. I think the mint finally stopped making it this year. So it's nearly worthless, but I like it. It's a reminder that I took the mint tour.
If it makes you feel good and it represents what you love about the hobby, I think it's worth it!
@@Silverpicker Yep, it's about the memory.
Copper "bullion" is a novelty in my opinion. For example I have the giant 1909 S VDB penny. I love wheat pennies and thought it's a cool novelty item. Who wouldn't love a giant wheatie?!
Definitely a novelty and totally fine if you see it that way. It's only a problem if you "invest" in these things.
I do stack metals like gold, silver, bronze and copper but for all of them I don’t do it for investment. I do it only because I like the look and feel of the metals. I like gold, silver and red bronze/copper look. I like the designs and it makes me feel rich even if it doesn’t make me rich technically. I never plan to sell any of my coins and I will keep them till I die at least for most. Even if copper is common, someone still has to work in a mine and get it so to me it has a value in a way. But it should be known that collecting should be done for fun not more for investment as I see investment as a side bonus because if I am being real all we would have to do is find a way to make silver/gold or for far future become a galactic empire and harvest gold and silver from other planets for those metals to become worthless. So they can’t last forever but obviously when we are alive they will grow in value but for generations to come when and if we reach the point then yes.
There is absolutely nothing wrong with doing anything with coins and metals for fun. You do you!
I understand what you're saying, and no, investing in copper isn't a cash grab waiting to happen unless you own a copper mine lol. I collect the 1-ounce rounds because it's like you said, some of them are nice and have unique designs. As a coin collector, these are just another avenue to explore and they are good conversation pieces as well. Like your 1909 1 ounce penny, that coin is cool and I am Canadian lol. I have begun collecting silver from grams to ounces, Coins, and bullion
That's totally reasonable
I like the Colt45, Great basic information. I haven't bought any new copper but, I have saved the old pennies. Thanks!
Glad you enjoyed!
Agreed these are for the color and to add some "color to your stacking" in my opinion lol if you like the color and style buy some but if for investing or saving not so much value
Cool thanks for sharing
My pleasure!
Some copper rounds have very cool designs to collect. I enjoy your videos.
I agree. Thanks!
Copper is good tho I'm in the UK get Indian head copper bullion bars for £1.20 a Oz per bar .I've sold 500+ at £5 per 1 Oz bullion why you say it's terrible i don't know i can buy 300 coins a time from America time it gets hear I'm 3x that amount in profit
I like copper coins.
My reasoning is that my kids love to play with coins. Letting then throw, drop, lose a copper coin is no big deal.
Humm. I didn’t realize that people were stamping out copper coins aside gold and silver... but I think “investing” time in saving copper scrap is a good idea... you won’t get RICH... but it can be well worth the wait...
Personally I'd say you should scrap whatever you have now and invest it in something that will appreciate way more quickly. If you have $100 in copper, why wait 10 years until it's worth $200. Better to buy 3 silver rounds or $100 in Bitcoin
"Investing" in copper to buy silver or gold is like buying silver to buy gold.
But yeah very high premiums
Very great video, its sure copper wont be outperforming gold but it can legit double
Actually buying copper at 2009 would be a smart move if hold
I think if you wanna buy $100 a year in wheat pennies but I say 70% silver 25% gold and about 5% of a mix of cooper, Platinum and Paladium inhard assets at your home.
in a shtf situation copper will have it's worth and people will need it. personally i keep copper bar cut down into 100gram pieces stamped with weight and c11000.
point is it will be easier to trade with that in many situations. i'd rather pull out five of those than a gold coin and have the rest stolen from me.
First, they charge at least a dollar for 1 ounce when it's melt value is like 30 cents. So you end up paying 4 times more than it's actual value as a metal. Not to say most sites will charge you 2 bucks like he said so you pay 7 TIMES MORE ! These premiums are insane and people getting screwed by them. Copper will increase in price but it won't reach a dollar for an ounce in the next 30 to 50 years in my opinion so you'll just waste your time stacking it while making little to no profit. I suggest you invest in Nickel and Copper stocks such as BHP. The only reason you might consider buying physical is for the cool designs and texture this metal has. Stick with Silver and Gold their premiums aren't even close to that of Copper.
Ampex selling a oz $3 what you think they'll be selling it for in 10 years, or I could stack silver but silver was at $50 a oz and dropped to $16, plus the scrap metal yard will pay about that price per pound that's before going through how many hands.
Hey Silverpicker, very good advice but I am electrician and have tons of leftover copper from work anyways ^^ There is no need to buy xD
Now that's not a bad way to stack copper! (Though if I were you, after I had 100 pounds, I'd bring it to the scrap yard, sell it, and buy some silver with that money)
Buy a smelter of some sort and start a YT channel where you melt down the scraps and pour it into bar molds. A surprising amount of people will probably consume that media.
The treasury doesn't use copper to print money, they use paper to print currency for a reason
The Lincoln is my Fav.
I like that one too
I actually hoard 1959-1982 cents and foreign copper coins, but yeah, copper bullion is not a great investment.
If you're getting the pennies at face value, you can't go wrong
I also think saving pre-82 copper pennies is a waste of time. Even if you could legally melt them down, the time and resources to separate out the copper would nullify any profits you could gain over the face value of the coin. Not to mention there is the investment of time to sort out copper pennies from zinc pennies. That’s time that could have been spent on something else that could have been more profitable or productive. Indeed, time is our most precious resource. Don’t waste yours on making a few pennies from a larger pile of pennies.
I agree. If everyone in 2011 who stacked copper pennies (when copper penny hoarding got super popular) bought Bitcoin instead, they would be exceedingly wealthy. Every 100 pennies would have been worth almost $20k lol (bitcoin was $1 back then)
You nailed it! 100% keep up the info.
my fav is the periodic table one :)
Same!
You don't value a painting at the price of a canvas and a bucket of paint.
Likewise, if you like the artistic design of a copper round, and don't want to or can't afford the silver version, a couple of bucks for it isn't bad.
There's some value (cost) to the minting process etc. so it's not like the producer makes their money ten times back.
With the high premiums on second market limited mintings on some silver rounds from goldenstatemint there may be a market for the cheaper copper versions for collectors of the designs. But yes, even today it seems unlikely that copper will go to $30 per oz. At least not until the dollar bottoms out, and then you should look at price in yuan at the Shanghai commodities market instead.
I totally agree that there's nothing wrong with collecting copper rounds with designs you like. I am just warning against copper stacking/investing
I have a couple copper Morgan rounds, just because I like the design. But I have never thought that copper would be a good investment. I only ever thought of it as something junkies steal a/c units to sell for quick cash. Welcome to florida...
Lol exactly
There are a few copper pieces that are worth buying, such as the copper pieces part of a series. Provident made a series of dragons from around the world in Silver and copper. The copper ones have skyrocketed in price, going for around $10-$15 a pop. Same with the Four Horsemen of the Apocalypse.
That's a fair point. I'd say it's the exception, not the rule
The world is going to be a electric and solar powered society that should put copper in very much demand soon so I'll collect copper silver and gold bars for the long term and I'll invest in mining companies as well...
Copper can be an investment but storing the amount you need is not easy. The $3 somthing spot is for pounds not ounces. An ounce is somthing like .30 cents. The easiest way to invest in copper is with an ETF. Id stick with physical gold and silver!
Agreed!
hey silver picker would it be good for me to go to coin shows and what is the best things to get as a all us money collector