Empty Shelves: The Online Copper Bullion Market is Sold Out
Meanwhile... Copper is Almost Completely Sold Out Online
While so much attention is on silver and gold, the copper market is going nuts. It's tricky to find any copper bullion outside of hording old pennies or buying amateur pours on Ebay (which have their own appeal). Even then you'll pay a premium.
Sold out. Yes, I see the JB round... he's sold out too!
Sold out.
One in stock! Buffalo Rounds, $30 / lb
Sold out.
It's almost a joke! Copper is $4.00 /lb? Really?
Given the current real world prices, the actual value of copper bullion is between $20 - $30 / lb
That is 5x - 8x the supposed price per pound found on COMEX
https://www.macrotrends.net/1476/copper-prices-historical-chart-data
Sleepy Joe Copper Communist Token $32/lb
What an insult. One of the only copper round that is easy to get a hold of is the "Biden Build Back Better" Communism tribute token. Each one sells for $2.00 /oz ($32/lb), quite a major premium over the alleged value of copper.
How About EBay?
Savvy Ebayers know, they are melting down their copper wire and selling at 5 - 10X the kitco copper price. Better, but not bullion. I like homemade pours, but they're often not 100% pure.
This one is $16.50 / lb, better price than most.
What About Copper Pennies? $0.21 each?
US copper pennies contain 0.0065136 lbs of copper each... at $32/lb each penny is worth almost $0.21 each in copper melt value. Is this for real? Should we be stocking up on copper pennies???
Buy Copper Pennies for $2.67 / lb
Hmmm, copper pennies $2.67 / LB, that's cheaper than "spot" price!
What do you think? Should we all be stocking up on copper pennies?
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There's only 1 form of copper I stack... and it's copper jacket 7.62. pennies are good. But if a fella wants copper, then why not pipes and wire? Grounding wire is way cheaper than "copper bullion".
Cheers @ironshield! Stack on!
Useful, but have you ever tried actually STACKING them, it's tricky!
I looked up grounding wire. This is about 25lbs copper @ $7.84 per lb. Maybe it can be picked up cheaper somewere else, this is home depot. I know copper plumbing has become expensive these days too.
Hmmm,, copper!
Shiny!
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I have kept the majority of my Canadian copper pennies for years prior to their Demonetization by 2013. Culling out the copper plated zinc ones still yielded me over ten pounds of copper coinage. No brainer as I figure they will become useful as money again for the commodity metal.
That's a great idea, holding on to copper pennies. Who knows what they will be worth in the future!
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Thanks again for the report, @ironshield. As for copper, a USA Five Cents Nickel (75% copper & 25% nickel content) today, has a melt value of $.055.
That is interesting, a nickel is worth a nickel!
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