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I dont understand why people are willing to pay 4x spot for copper bars on ebay? Am I missing something?

Oh boy, not this question again. Nate can explain this to you.

Here ya go viewtopic.php?f=9&t=8446

I once had a similar question, but did some quick looking, and realized that the actual price per pound for finished product to a controlled spec starts at $10-12/lb and goes up from there. Nats summary breaks it down specifically, but you can do some quick on-line pricing from copper plate/product suppliers and come to the same conclusion. The actual value of finished copper is really 3-4x spot. (Same should go for pennies as well, by the time you coin them. The discussions about pricing pennies as #2 scrap really doesn't have merit in a situation where paper money has no value and people have reverted to coin, or metal-backed new paper. The cost of producing new copper pennies would be 6-7 cents each.

Awesome, That is some great info in the other post! thanks!!!!

Try making some.

Well 1x has to go for eBay and PayPal fees...

Is there an enterprise out there that will turn my clean copper scrap (from pipes, extension cords, etc) into copper bars or send me pre-made copper bars after they take a haircut like some enterprises do now for silver/gold? I have a few hundred pounds of clean copper scrap.

Copper_Baron wrote:Is there an enterprise out there that will turn my clean copper scrap (from pipes, extension cords, etc) into copper bars or send me pre-made copper bars after they take a haircut like some enterprises do now for silver/gold? I have a few hundred pounds of clean copper scrap.

None that I know of, but I get this question a lot, so when I build my copper furnace in the spring I'll have to figure out the viability of doing that...

natsb88 wrote:

Copper_Baron wrote:Is there an enterprise out there that will turn my clean copper scrap (from pipes, extension cords, etc) into copper bars or send me pre-made copper bars after they take a haircut like some enterprises do now for silver/gold? I have a few hundred pounds of clean copper scrap.

None that I know of, but I get this question a lot, so when I build my copper furnace in the spring I'll have to figure out the viability of doing that...

I would be very interested.