Why does copper sell for only roughly half its value on ebay?

Valued at $4 per pound, seems to sell for a little bit over $2 per pound.

Thanks for any thoughts!

Anyone know how much a refinery pays for it? Couldn't you sell it to a business/refinery who uses copper? Do they only pay $2 or so for it, and that explains the ebay price?

 

In OZ SIMS (the biggest metal recycler )
spot is just under $1k a tone
they pay 60%.About $6 a kg ,about $3 a pound
you get less if you take it to smaller recyclers

 

hmm, have you taken the postage into account?

but copper for half of its intrinsic value is a good buy !

 

with shipping it still often comes out to only about $2.50 per pound

this is 95% copper american pennies on ebay

 

the local recycle company pays $3.50 a pound.