Why are people paying so much?

[battlecat]

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

[slickeast]

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

[natsb88]

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

[68Camaro]

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.

[battlecat]

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

[HoardCopperByTheTon]

Try making some.

[HoardCopperByTheTon]

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

[Copper_Baron]

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.

[natsb88]

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...

[Copper_Baron]

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.