http://cgi.ebay.com.au/14-KILOS-AUS...280661199017?pt=AU_Coins2&hash=item4158b608a9 14kg of Australian 1 and 2 cent coins going on eBay. Anyone here do this? Spot for copper was around the $9@kg mark last time I looked, but is this relevant to the above? Apart from needing insane amounts of room to stack copper, do you think it would pay off?
I've thought about it myself but don't really know much on the fundamentals of copper. Interested to see the comments
I have a couple of kilo's of 1c& 2c pieces.Spot might be $9 a kilo but Sims only pay about $5 a kilo If you have the room to park a 44 gallon drum, I collect old electrical leads & strip the plastic off. I haven't cashed any of it in yet,I don't have much. With Sims you need an ABN if you have more than $75 worth a day. I don't plan on collecting copper ,just using it as extra $ to purchase more silver
I have a couple of bags of 1 & 2 cents and a couple for the old pennies and half pennies, not stacking, just not throwing them out. You never know when you are going to need a copper washer! I have a bar of lead, it looked shiney like silver but the packaging got damaged and now it is dull, like lead! I don't have time to stack copper, just thrown out an airconditioning unit, apparently they are full of scrap copper but I don't have time to strip them down!
One of our site sponsors here sold me some very nice copper bars. the extruded type, but expect to pay way over spot for nice, I love the look of mine and can recommend this sponsor/seller if they care to put their hand up. Peter.
That's them! I've seen them, but as you say, you have to pay more than spot for them. Manufacturing costs are proportionally higher for a bar with less intrinsic value. Still, it's pure copper, and 1&2c's are coin bronze. You can't get 1's and 2's for face value anymore anyway. I heard something about cupro-nickel going up in value, in relation to its face value. I expect any word about the possibility of our cupro-nickel being withdrawn would lead to it being hoarded. Then what? There are so many gazillion cupro-nickel coins in the world, what would they be melted down for?
Thankyou Peter, I stack and sell Copper. If I can help anyone you can send a message, thats if it is OK with GP. Regards Maggie.
I have a few of the Liberty Dollar copper rounds, 1 av ounce. I would like to get some of the American Open Currency Standard rounds as well (AOCS). At the moment they are trading way above face and intrinsic value as they have become very collectable since the Liberty Dollar Trial. Is copper harder to keep? Gold is easy as it is inert, silver does tone but can look ok and is easy to clean. Verdigris is not so easy to deal with
Does anyone know where it would be possible in Australia to buy big copper bars (e.g. 15, or even 30 kilograms) at modest premiums to spot. If 15 and 30 kilo silver bars are available I can't see why the same sizes shouldn't be available in copper. All the small copper bars have astronomical premiums.
no sorry u might want to ask him, he'll know where you can get it .Those bars you see are only bus bar cut into pieces & stamped
Plenty of suppliers on google but I think they all sell by the pallet load and thats in the tonns area, big bucks.
Recycled cable with insulation around $2.15-$2.50/kg Pure copper cable perhaps double above at recyclers. REDBACK
what fundamentals make copper a good option? Demand/supply, reserves consumption? Sorry I haven't done any research
