Investing In Copper?

Umm ... no.

 

The per-ounce value of copper present in copper pennies is $0.0192296.


One-million copper pennies are worth $19229.60 for the copper value. Not a good deal! Even with the zinc value added in they would be worth only $19493.40. Still not a good deal. (Unless you're selling them at that price.)

http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html

 

I have invested in a lot of copper, but it's wrapped around a lead core.

 

Right on!!!!!:2thumb::2thumb:

 

No teflon tip?

 

I like copper, it is used in the mfg. of bronze. I sell bronze for a living and have done quite well at it. I am a commissioned salesman so I make more money for less or the same ammount of work when the price is up. I do question the ammount of copper in a penny,:scratch several years ago they began adding zinc to the alloy in an effort to drive the cost down.

 

These amounts were for "Lincoln" pennies made between 1909 - 1982. I believe the copper content was higher then.

 

There are tips for Sunday,Monday,Tuesday some for every day of the week. One must dress properly to do a job well. :2thumb:

 

Yea, I bought my 1909 S VDB penny in 1977 for $300.00 and sold it in 2003 for $1,700.00. There was alot more copper in pennies back then. I'd still have that penny today if I didn't get a wife in 2002.

 

Uncle Joe, you can get one for alot less than that at a coin show, but in my youth I was a good adult child of an alcohalic and mine had to be perfect. I mowed lawns, did odd jobs and delivered newspapers all summer to get that penny.

 

Not all 1982 pennies are solid copper. The copper pennies will weigh 3.1 grams while the zinc cored pennies weigh 2.5 grams.

 

Here copper is always a target for thieves, I think I'll pass

 

I bought a 5 kilo bar from tacoma copper just for the heck of it, its polished up nice and on a stand.. Cya Slick

 

Good buy...

You bought a wife for a penny! Wow...What a deal! :2thumb: I got married 30 years ago and I'm still paying!

 

So is aluminum. Came home to my apartment building and saw two techs working in the cell phone equipment building attached to the main building (we have 3 cell systems operating off of the roof...no problem with signal strength here! :2thumb: ) Seems that some low-lifes stole all the aluminum ground wire attached to the structure. Couldn't have been more than 15-20 pounds worth, but a major pain to replace! :gaah:

 

Seems like investing in copper would not be a winning investment. The price isn't high enough. It takes quite a bit of room to keep enough to make it worth while. Any amount not mounting to tons would not be worth the effort. With tons you would need a safe place to store it.