What's the most you'd be willing to pay for...

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Re: What's the most you'd be willing to pay for...

Postby 999Ni » Fri Nov 26, 2010 4:32 pm

If you go to sell these at a later date when copper has gone up in value, cant you just tack on the same if not more premium you paid when you go to sell it?

Example:
You pay $2 each per round now. ($.23 copper value, $1.77 premium)
Copper increases to $7/lb.
Sell for $3.50 per round ($.44 copper value, $3.06 premium)

Thoughts on this?? Give me just one reason financially that makes sense to justify me buying some! :lol:
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Re: What's the most you'd be willing to pay for...

Postby Joogaler » Fri Nov 26, 2010 7:23 pm

999Ni wrote:If you go to sell these at a later date when copper has gone up in value, cant you just tack on the same if not more premium you paid when you go to sell it?

Example:
You pay $2 each per round now. ($.23 copper value, $1.77 premium)
Copper increases to $7/lb.
Sell for $3.50 per round ($.44 copper value, $3.06 premium)

Thoughts on this?? Give me just one reason financially that makes sense to justify me buying some! :lol:


I've heard the high premiums are due to the cost to refine copper to .999 purity. So hopefully the premium wouldn't go up if the price of copper goes up, because these things would be good for trade deals if it weren't for the high premiums.
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