Copper bullion?

[RoughDog]

What are people thoughts of copper bullion.  5KG bars?

Not really precious.

Certainly won't have to worry about condition issues or fakes as it is a very cheap metal.

It has lots of uses.

Is it worth grabbing 20 KG's or so for the long term?

[HawkHybrid]

probably cheaper to save copper pennies or copper

scrap. what's the premium? risk/reward?

 

HH

[Martlet]

Nice novelty to have. 

[RoughDog]

6 minutes ago, HawkHybrid said:

probably cheaper to save copper pennies or copper

scrap. what's the premium? risk/reward?

 

HH

£88 for 5KG.

Hardly a huge gamble.  If some intruder breaks in could always go crock dundee with it.

56p an ounce.

[HawkHybrid]

probably won't turn a profit if sold as bullion.

(unless my maths is wrong, it's quite a premium

over spot)

better suited to the novelty/expendable income

category.

(risk is not solely about amount of risk(£) it can

also be represented as % risk of amount invested.)

 

HH

[Draconicus]

If you can spend the money on it, buy it as a novelty ,but don't buy more hopping for some kind of miracle, because it will never go much higher for sure.

[RacerCool]

14 hours ago, HawkHybrid said:

probably cheaper to save copper pennies or copper

scrap. what's the premium? risk/reward?

 

HH

This.

Just gather copper pennies as you come across them (pre-1982 if in USA), or dig through bank rolls for them. As much as I love copper (my kitchen is accented with it), if you're going to weigh down your stack with with inexpensive metal, make it silver.

[Giuseppe1]

The best copper is free copper, so pennies would be great. Also scrap copper but dont pay for it, there's enough out there for free. When you have enough copper, exchange it for silver if you're in the US, if in the UK, Ireland or Europe, go for gold. (We pay a whopping 23% sales tax on silver in most EU countries. Plus premium.)

[ChrisSilver]

Moved to the other investments section as isn’t a precious metal, but presuming you are looking at it from a possible investment point of view.

[CoinHound]

I pick up the occasional copper round because many of them are beautiful, but I do not ever expect to make money on them.

[Stacktastic]

Cooper seems to be rising at the moment especially in places like Lebanon. Its starting to act more like a precious metal, which is highly interesting. 
It does make me wonder if people will take apart their central heating systems if it does become more valuable LOL. 

Do you have a link to the Copper Bar? Yes £85 even for the novelty value. I could probably dupe people into thinking its an old gold bar 

[Stacktastic]

On 10/06/2020 at 03:29, CoinHound said:

I pick up the occasional copper round because many of them are beautiful, but I do not ever expect to make money on them.

That Aztec one for swap the other day was stunning!! I agree. 

[HillWalkerDundee]

Paint it gold and leave it under the mattress.

[CoinHound]

I like it!