0 votes

Thoughts on copper bullion

What is the DP opinion of copper bullion?
It will be nice to have a smaller divisible unit of currency in the future but the ratio of price per oz to spot is ridiculous.

$3.79/lb for (avg lowest 1 oz) $1.29 oz round.
$3.79/16 = 0.23

So I'm paying a large premium when I buy a copper round with Paul's face on it or a Gadsden snake etc.

Thoughts?




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

buy it in finished form

You will likely USE copper coils, wire, maybe pots and such. When you buy these things already finished, you usually pay almost nothing for the labor, yet if you have to try to make your bullion into a wire, you're going to have some work on your hands. A little for trade is a good idea, but you don't really want to "stack" copper - if you do, stack pennies, pre-1982. They are already a recognized medium of exchange.

This is the article that got my posting privileges revoked:
http://bklim.newsvine.com/_news/2013/05/12/18212165-dr-stan-...

metalhed19's picture

It's okay, will most likely

It's okay, will most likely always be worth something as it is a PM (Precious metal) I wouldn't buy a ton of it, but if you got FRN's to burn, some is okay. Watch your pennies too, pre 82' is mostly copper, i forget the % but someone here will know.

*Wisconsin Constitution* Article I, Section 25 "The people have the right to keep and bear arms for security,defense,hunting,recreation or any other law-abiding purpose"

95% copper in pre 1982

pennies. So says that website posted here.

-Jacky
TX

http://coinflation.com/ Yeah

http://coinflation.com/
Yeah this was the website that made me ask.

Southern Agrarian