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I'm debating whether to cash my copper in for precious metals or finding a refiner/mint that will convert scrap into bullion.

I think NWTM does it for silver at $1.00 per ounce conversation rate. So if i find a mint that does it with copper at a reasonable price I wouldn't mind sitting on a few pounds of copper bullion coins in nice tubes. I like to be able to pay around $1.00 per pound converted to coins.

needler420 wrote:I'm debating whether to cash my copper in for precious metals or finding a refiner/mint that will convert scrap into bullion.

I think NWTM does it for silver at $1.00 per ounce conversation rate. So if i find a mint that does it with copper at a reasonable price I wouldn't mind sitting on a few pounds of copper bullion coins in nice tubes. I like to be able to pay around $1.00 per pound converted to coins.

That will NEVER happen. You just said it would cost $1 per ounce for silver (which I believe is a little low), and now you're asking somebody to process ~15 times as much metal for the same $1. Why would anybody do that when they can just stick to silver? Copper also requires more energy because it melts at a higher temperature, and much more careful handling because it oxidizes when molten. It is a beast to work with compared to silver.

natsb88 wrote:

needler420 wrote:I'm debating whether to cash my copper in for precious metals or finding a refiner/mint that will convert scrap into bullion.

I think NWTM does it for silver at $1.00 per ounce conversation rate. So if i find a mint that does it with copper at a reasonable price I wouldn't mind sitting on a few pounds of copper bullion coins in nice tubes. I like to be able to pay around $1.00 per pound converted to coins.

That will NEVER happen. You just said it would cost $1 per ounce for silver (which I believe is a little low), and now you're asking somebody to process ~15 times as much metal for the same $1. Why would anybody do that when they can just stick to silver? Copper also requires more energy because it melts at a higher temperature, and much more careful handling because it oxidizes when molten. It is a beast to work with compared to silver.

So what would the conversion rate be at turning scrap to bullion per pound?