In a post apocalyptic world. Silver and Gold may be the goto, But I to also have pounds of Copper, Zinc, Brass, Aluminum, Lead, Sodium (metallic), Mecury and a bunch of tin and iron laying around. There will be a time others will be in need of these items and they will not be easy to come by.
@Ben-vh6ty about 2 dollars, factoring in the price of design, manufacturing, and distribution. So I'd rather trade that for a bottle of water or an apple than a 30 dollar silver round.
@@Ben-vh6ty NP! That's the way to go! I'd maybe pay more for something collectible like Zombucks that can go for a good price on auction sites and have a limited supply with a date on them.
Hello Michael! Make sure if you are using any site like JM Bullion to not get lured in by the "As low as" price and look at the minimum you'd need to avoid shipping. Usually that's around 100 bucks. A few sellers on Ebay like Loon Trading have some good bulk prices without the steep shipping I have few videos about choosing a design but you may decide that you want to stick with a particular theme. I liked to collect parts of the "Prospector Series" for example, for a while. Usually I prefer generic designs that transcend time and fiat like the Capped Bust design. Some rounds look nicer than others though -- I think the Golden State Mint "generic" rounds I showed at the beginning of the video - with the Eagle - look very crisp and nice and are often on sale!
Thanks for the helpful tips mutant. Money is a little tight after securing my bug out land along with other preps. I have been binge watching your videos and let me say they are very informative and helpful thanks for everything you do and keep those videos coming.
I LOVE my zombucks!!! I may one day get them in silver too but don't want to pay that inflated price. Waiting on the new Florida goldbacks to add them to my collection.
@flyinpolack6633 hi Flying Polack , I only had a few of those made but if you send a note to hudspeth.bugout at gmail.com. I can see about sending a sticker and card your way.
I like the copper, those were not around in my early beginnings, I use the copper rounds to decorate my hand formed copper corner white painted fascia boarding of our 110 square foot machined watchmaker parts finishing hut in the rear of my home. I do have copper we scrap from our machine tool motors and electrical wiring ran here at the little machine shop. We are stackers of the shiny bullion mostly rumor has it since 1984. Lance.
@@caryphillips4885 Not a true stacker, true stackers only stack group 11 elements. (Isn't it a strange coincidence that Copper, Silver, and Gold are all from the same group on the periodic table?)
@@2204happy I mean, people stack group 8, 9 and 10 too all the time. I've got some group 10s myself. You can stack anything that has reasonable value density, doesn't degrade and isn't super toxic to handle... unless you're into that.
If you look up "how much does copper cost per ounce?" in a search engine, the AI will tell you that it's 4 dollars an ounce. I saw an article in the news today about the olympic medals looking tarnished already after a few months, and it also said that the copper in the medals was worth $4 an ounce, so the article was probably written by an AI. I just thought that was...I don't even know what to think of that.
Maybe a pound? If we are talking just the raw material, 4 dollars an ounce would be a shocker indeed. Though certainly inflationary prices around labor, manufacturing, etc could push the average price of a copper round or bar there within 10 years - because it costs something to offer pure bullion in an attractive, portable form. Perhaps this AI is seeing into an apocalyptic future? 🤠
The only bone I'd pick with you is on the fractional Silver. You talk about having to educate people in a collapse scenario, to which I would reply that you should do more research amongst people who've been through a severe economic collapse in places like Venezuela, Argentina, Romania, etc... When the collapse is truly severe the learning curve for just survival becomes so steep that any education that is needed happens quickly. It happens or people start dying. And the point is that people learn very very quickly what has value and what does not. You're not going to spend months or years walking around with a ratty book trying to convince people of things they don't know. True, if there was no history of coinage, silver coinage, etc... in a country, this might be true. However, if you're in North America where coin collecting and collections are pretty common with ample supplies at affordable prices, the educational period will be much much shorter. That doesn't mean that you'll just have to wait 10 days and everyone will know everything they need to know, but having a tube of Eagles, Morgan dollars, two tubes Franklin dollars, four tubes of Washington quarters, and ten tubes of Mercury dimes certainly wouldn't be a bad idea. It weighs a fair amount, at about 9lbs, but it's still manageable. I have a significant amount of Copper, with more than 16lbs of Copper rounds and over 100lbs of pre-'82 Copper pennies. I have about 4/5 as much in U.S. nickels as well, so I'm not exactly light on Copper. However, I just wouldn't be without other options both large and small. I have fractional Gold and a good amount of Silver. Are those the most useful? Not necessarily. They will be useful for what they are useful for. If I need to wipe my backside, I won't be using my Silver or Gold, and I also won't be using my Copper. The same goes for my knife, my firearms, and my food. They are useful for what they are useful for. What I would say is that options are your friend in a collapse situation. True, you have to choose what to carry, but given the multi-millennial history of Gold, Silver, and Copper having value in virtually every economic circumstance and major culture of note for the past 5,000+ years, I wouldn't be without some amount of all three. In every case of multi-metallic economic interaction I'm familiar with, the Wealth Storage Density Capacity (WSDC) of the metals has always been the same, meaning that Gold always held the highest purchasing power, followed by Silver, and that was followed by Copper. If I could carry fifty $1 bills, or I could carry five $50 bills, fifteen $10 bills, and thirty $1 bills, I'd choose the latter rather than the former. Would it not be better, in general, to have access to $430 in purchasing power than $50 in purchasing power? This is what you have when you have some of each and not simply all of one. Hopefully, that makes some kind of sense? We don't disagree that much. I just think you're giving a bit too much credit in one instance and significantly too little credit in the other. Having said that, I'm happy to see someone both promoting and defending the red metal. In 99% of cases, I think it gets far too little play and recognition, particularly with regard to preparedness and options. Great video, as always!
@veritasfiles great points about silver and fractional, I started to make a point on fractional silver rounds sold by sites like Golden Stste Mint and then didn't follow up. I noticed that in my video after posting. My only complaint on fractional silver is that probably due to nothing more than lower volume sales the pricing is not great compared to 1 ounce rounds - copper has the same problem. A good idea for a future video for sure.
@veritasfiles there is also historic precedent for clipping or shaving silver off coins way back in the day just for the value of the metal, so much so that they had to change coin designs to discourage the practice. I'll give it some thought for another video.
@@coppermutant That's true of any metal of value. Hence, why it's illegal to melt coinage. It's why we have Copper thefts all over the country in the hundreds of thousands if not millions of tons annually.
Good points. I have some fractional silver. Though, I prefer to get 1 oz. coins/rounds and let the copper rounds fill the gap. But, I don't refuse a good deal on fractional silver. And what about Gold Backs as far as fractional gold is concerned? I don't like the super high premiums, but it still seems like a good idea. If nothing else, it'd be harder to lose a GB that a 1/20 or 1/10 gold coin. 😄
1 oz (28.3495231g) of copper wheat pennies (95% copper) at 5 cents a piece is a mere $0.47977 per ounce. I don't see the point in paying $1 or more per ounce rounds with such massive premiums. Copper isn't a bad investment, but the cheapest way has to be wheat pennies. Edited the numbers for accuracy
You can't legally melt down pennies for other things. They're not .999 pure copper. And I believe it takes about 7 pennies (95%) to equal 1 oz of copper. In a barter situation, I would think most people would probably prefer the conformity of a standard 1 oz round to that of 7 pennies. This has been presented in previous videos - Pre-1982 pennies vs. 1 oz. copper rounds.
@@phuckyu3383 These are all fair points, but are they really justification for paying a 250% premium when a 61% premium is readily available? I didn't even mention pre-82 cents--3.5 cents each is a mere 18% premium. A barter situation almost certainly means the legality doesn't come into play, but even still copper pennies are traded for copper value just like copper rounds--neither of them need to be melted. Plus, you'd still have to explain the value of an ounce anyways. These feel like remote situations that silver and gold already cover--barter situations normally cite constitutional silver, with mercury dimes being valued at around $2--without the obscene premiums.
As with anything, there's a cost associated with turning a raw material into a finished product. And premiums based on USD become irrelevant when there's no longer USD. *I mentioned pre-1982 pennies because you don't need to go all the way back to 'wheat pennies' to get 95% copper. In a barter situation I would wager that pennies are less practical or desirable. Without the legalities, I suppose you could go to the trouble of melting down hundreds or thousands of 95% pennies into rounds or bars? If I had pounds of pennies that I could sell legally for the scrap copper price now, I'd do that. And use that money to buy 1 oz copper rounds. Because, it's a standard measurement of pure copper in a convenient size. No math needed. As already mentioned in videos like this, copper could ALSO be used in place of fractional silver in some cases because there's intrinsic value with copper. But, if someone wanted to give me a Silver Eagle for a bottled water, I might give him two - out of kindness. Also, I would like to know why fractional silver and gold coins/rounds have higher premiums as you go smaller? Seems counterintuitive.
@@phuckyu3383 Gold - the 1 gram premium is around 30% while the 1 oz is about 4%. Silver - buffalo rounds are about 10% over spot and junk silver is about 7%. Fractional silver is high premium since it has production costs (just like those copper rounds) but junk silver isn’t newly manufactured. Copper - the above premiums are noted. Premiums are important when determining how much metal you can get right now. This is why I don’t recommend silver eagles at all-the premiums mean less metal than rounds, though the barter argument is used as justification by some silver eagle stackers. The barter situation is remote but might be worth a small premium at most. Also, you legally CAN sell copper pennies for the scrap copper price-the law is only about melting. Since this is a collection/prep argument, I’ll set aside the argument of whether you would need to find a buyer at scrap price. As for your argument that gold isn’t as appropriate as silver dimes or copper in general in a barter situation, I agree for small items. However, silver dimes have both significantly lower premiums AND higher acceptance-especially in barter situations and among preppers. 1 oz copper rounds would require the same line of explanation as wheat cents, and they don’t even have the same benefit of divisibility that wheat cents and silver dimes have. The remote scenario argument about barter doesn’t alone justify the currently huge premiums for copper rounds. The real question is whether copper rounds will maintain their premium as well as rise in value. Silver and gold have a proven history while copper rounds are a more modern investment vehicle with HUGE premiums and a value currently based on speculation. While some speculative assets perform well, this doesn’t make copper rounds superior to silver dimes or wheat cents at all. This leaves only collectible value and demand.
No, copper rounds wouldn't need an explanation. It's 1 oz of 99.9% pure copper. Either you like them or you don't. Whereas, 90% silver, etc., requires a briefing from a numismatic handbook. And no one will care about the premium you paid above the spot price. So, while you may have paid a 30% premium on fractional metal, its perceived value is the fraction of what 1 oz. is. Copper is not an investment with an expected ROI. It's a barter item like bottles of liquor, a box of nails, hand tools, etc. So, I'm fine with the premiums I paid for the copper rounds I've bought ($1.30 avg. cost). Dollar wise, it's a small fraction of what I have in silver and gold.
I might be wrong but my brain tells me Gold and Silver are money, were so historically.. For copper, spot price is all that matters.. Collecting is a hobby, and during terrible times, hobbies disappear and for metals which are not money, all that you're left with, is the spot price, the price used in industry
Heard of the Widows Mite? Copper was money historically back to the old days as well, but you have to go what you know and want - keep prepping and stacking!
I save scrap copper wire, pipe, pennies, brass, aluminum, ect.. you're correct I have no clue why some people would buy copper or any other metal for 30 times higher than the current spot price, please explain?
@@EatCowSomething tells me you're loaded up on Bitcoin too? Anyway, it's been explained, ad nauseum, in videos like these. But, good luck with your smelting operations - post apocalypse. 👍🏻
Only grab a few rolls of coppers that catch my attention for art or theme… but it clearly just for art/theme… reality is it’s just too overpriced based on value… if coppers $4-5/lbs… but they sell copy for 1.25-$5/oz… terrible markup for sure…
Great video. This is my first time learning about copper stacking. Thanks for sharing.
@mackmag00 glad to have you here macmag!
In a post apocalyptic world. Silver and Gold may be the goto, But I to also have pounds of Copper, Zinc, Brass, Aluminum, Lead, Sodium (metallic), Mecury and a bunch of tin and iron laying around. There will be a time others will be in need of these items and they will not be easy to come by.
@@twisted2291 indeed, twisted, I also have a few bars of things like zinc and lots of freedom seeds with some of the aforementioned components. 😁
What would you say a copper round is worth?
@Ben-vh6ty about 2 dollars, factoring in the price of design, manufacturing, and distribution. So I'd rather trade that for a bottle of water or an apple than a 30 dollar silver round.
Thanks for the info. I have the trifecta of rounds but it is hard to price a copper round today. Thanks again.
@@Ben-vh6ty NP! That's the way to go! I'd maybe pay more for something collectible like Zombucks that can go for a good price on auction sites and have a limited supply with a date on them.
Only grade 1 copper for me. 👍
@@coppermutant sounds good to me bought mine for 50¢
Hell yeah. Just found your channel and subbed. Love copper.
@@SobrietyAndSilver welcome, S&S!
Love this cool channel! Makes me feel like we are in a movie about end times and stuff like that. It's so fun!
@jeffm4491 thank you Jeff, I like to imagine I am in one sometimes myself haha
Great video. Any tips for a beginning stacker who’s wanting to start a nice copper stack?
Hello Michael! Make sure if you are using any site like JM Bullion to not get lured in by the "As low as" price and look at the minimum you'd need to avoid shipping. Usually that's around 100 bucks. A few sellers on Ebay like Loon Trading have some good bulk prices without the steep shipping I have few videos about choosing a design but you may decide that you want to stick with a particular theme. I liked to collect parts of the "Prospector Series" for example, for a while. Usually I prefer generic designs that transcend time and fiat like the Capped Bust design. Some rounds look nicer than others though -- I think the Golden State Mint "generic" rounds I showed at the beginning of the video - with the Eagle - look very crisp and nice and are often on sale!
Thanks for the helpful tips mutant. Money is a little tight after securing my bug out land along with other preps. I have been binge watching your videos and let me say they are very informative and helpful thanks for everything you do and keep those videos coming.
Very interesting. Do you keep your pre-1982 pennies you find?
Happy New Year Copper Mutant may your copper stack grow to the ceiling.
@CuSTACKS thank you CuStacks! Happy New Year to you as well!🎉🎉
Happy New Year!
@@TUKByV1 Happy New Year TUK!
Just came across your channel, Nice I collect copper I like it, great video
@mandybrown7758 great to have you here Mandy!
Excellent! Btw, I posted your video on my fb community page, Boots on the Ground Prep.
Thank you Scruffy! I only keep a very shadowy and limited presence on Facebook, but I'll check it out! 🙂
I LOVE my zombucks!!! I may one day get them in silver too but don't want to pay that inflated price. Waiting on the new Florida goldbacks to add them to my collection.
I may dabble in some goldbacks myself I do like to have a bit of everything!
The $100 Florida gold back is phenomenal
Came to show my support. Thanks for sharing and have a great day. 👍
@@greggbryson3957 thanks Greg same to you!
Hey, that sticker is cool. Do ya sell them?
@flyinpolack6633 hi Flying Polack , I only had a few of those made but if you send a note to hudspeth.bugout at gmail.com. I can see about sending a sticker and card your way.
👍well said 👍
Great Video, just Subscribed to your Channel..👍👊
@@GoldAztec05 thanks Gold Aztec!
I like the copper, those were not around in my early beginnings, I use the copper rounds to decorate my hand formed copper corner white painted fascia boarding of our 110 square foot machined watchmaker parts finishing hut in the rear of my home. I do have copper we scrap from our machine tool motors and electrical wiring ran here at the little machine shop. We are stackers of the shiny bullion mostly rumor has it since 1984. Lance.
@@ActiveAtom sounds great, good to have you here Lance!
Hot damn, a new video! 🙌🏻
Thanks for watching!
🍻
excellent
I love my Copper😊. Take care CM
I stack GB (goldbacks) silver and copper
Goldbacks do intrigue me. I wonder if the gold can be extracted in a pinch if needed?
YT really pissing me off. Just go on their website and you will see you don't have to melt them down for goods and services.
Interesting
Cool 👍
What part of Texas. I live about an hr south of Dallas and work at the Fairpark area.
I'm in the Houston Area here
Happy new year sir! Need to do a sticker swap with you!!!
@GoldSilverHunter happy New Year GSH sounds good!
@@coppermutant You must be well known in Texas, though not sure if I send to Copper Mutant Texas it will reach you : ) Can't find a PO box for you!
Awesome comparison to baseball (or pokemon) cards!!
@timtaylor9195 I did a video on that topic because it hit home with me too, no baseball pun intended 😁
Happy New Year🎉🎉
@@ReflectiveMetal happy new year reflective metal!
OK. Eat some good sea food for me. We can't get fresh up here without spending an arm and a leg.
Forming a search party. We'll get an early start first thing tomorrow morning. 👍🏻
There are four types of stackers:
-Copper Stackers
-Silver Stackers
-Gold Stackers
-Roentgenium Stackers
I stack Uranium in yellow cake bars what kind of stacker does that make me?
@@caryphillips4885 Not a true stacker, true stackers only stack group 11 elements.
(Isn't it a strange coincidence that Copper, Silver, and Gold are all from the same group on the periodic table?)
@@2204happy I mean, people stack group 8, 9 and 10 too all the time. I've got some group 10s myself. You can stack anything that has reasonable value density, doesn't degrade and isn't super toxic to handle... unless you're into that.
@@caryphillips4885 I know, I was just being silly😂
I stack 1KG bars of Beskar. 😎
If you look up "how much does copper cost per ounce?" in a search engine, the AI will tell you that it's 4 dollars an ounce. I saw an article in the news today about the olympic medals looking tarnished already after a few months, and it also said that the copper in the medals was worth $4 an ounce, so the article was probably written by an AI. I just thought that was...I don't even know what to think of that.
Maybe a pound? If we are talking just the raw material, 4 dollars an ounce would be a shocker indeed. Though certainly inflationary prices around labor, manufacturing, etc could push the average price of a copper round or bar there within 10 years - because it costs something to offer pure bullion in an attractive, portable form. Perhaps this AI is seeing into an apocalyptic future? 🤠
@@coppermutant Note that the pre-apocalypse price of copper, or anything else for that matter, will be irrelevant - post apocalypse. 😬
According to the Hudspeth County Tribune, Copper Mutant was deported to Mexico. 😢
The only bone I'd pick with you is on the fractional Silver. You talk about having to educate people in a collapse scenario, to which I would reply that you should do more research amongst people who've been through a severe economic collapse in places like Venezuela, Argentina, Romania, etc... When the collapse is truly severe the learning curve for just survival becomes so steep that any education that is needed happens quickly. It happens or people start dying. And the point is that people learn very very quickly what has value and what does not. You're not going to spend months or years walking around with a ratty book trying to convince people of things they don't know. True, if there was no history of coinage, silver coinage, etc... in a country, this might be true. However, if you're in North America where coin collecting and collections are pretty common with ample supplies at affordable prices, the educational period will be much much shorter. That doesn't mean that you'll just have to wait 10 days and everyone will know everything they need to know, but having a tube of Eagles, Morgan dollars, two tubes Franklin dollars, four tubes of Washington quarters, and ten tubes of Mercury dimes certainly wouldn't be a bad idea. It weighs a fair amount, at about 9lbs, but it's still manageable. I have a significant amount of Copper, with more than 16lbs of Copper rounds and over 100lbs of pre-'82 Copper pennies. I have about 4/5 as much in U.S. nickels as well, so I'm not exactly light on Copper. However, I just wouldn't be without other options both large and small. I have fractional Gold and a good amount of Silver. Are those the most useful? Not necessarily. They will be useful for what they are useful for. If I need to wipe my backside, I won't be using my Silver or Gold, and I also won't be using my Copper. The same goes for my knife, my firearms, and my food. They are useful for what they are useful for. What I would say is that options are your friend in a collapse situation. True, you have to choose what to carry, but given the multi-millennial history of Gold, Silver, and Copper having value in virtually every economic circumstance and major culture of note for the past 5,000+ years, I wouldn't be without some amount of all three. In every case of multi-metallic economic interaction I'm familiar with, the Wealth Storage Density Capacity (WSDC) of the metals has always been the same, meaning that Gold always held the highest purchasing power, followed by Silver, and that was followed by Copper. If I could carry fifty $1 bills, or I could carry five $50 bills, fifteen $10 bills, and thirty $1 bills, I'd choose the latter rather than the former. Would it not be better, in general, to have access to $430 in purchasing power than $50 in purchasing power? This is what you have when you have some of each and not simply all of one. Hopefully, that makes some kind of sense? We don't disagree that much. I just think you're giving a bit too much credit in one instance and significantly too little credit in the other. Having said that, I'm happy to see someone both promoting and defending the red metal. In 99% of cases, I think it gets far too little play and recognition, particularly with regard to preparedness and options. Great video, as always!
@veritasfiles great points about silver and fractional, I started to make a point on fractional silver rounds sold by sites like Golden Stste Mint and then didn't follow up. I noticed that in my video after posting. My only complaint on fractional silver is that probably due to nothing more than lower volume sales the pricing is not great compared to 1 ounce rounds - copper has the same problem. A good idea for a future video for sure.
@veritasfiles there is also historic precedent for clipping or shaving silver off coins way back in the day just for the value of the metal, so much so that they had to change coin designs to discourage the practice. I'll give it some thought for another video.
@@coppermutant That's true of any metal of value. Hence, why it's illegal to melt coinage. It's why we have Copper thefts all over the country in the hundreds of thousands if not millions of tons annually.
Good points. I have some fractional silver. Though, I prefer to get 1 oz. coins/rounds and let the copper rounds fill the gap. But, I don't refuse a good deal on fractional silver. And what about Gold Backs as far as fractional gold is concerned? I don't like the super high premiums, but it still seems like a good idea. If nothing else, it'd be harder to lose a GB that a 1/20 or 1/10 gold coin. 😄
1 oz (28.3495231g) of copper wheat pennies (95% copper) at 5 cents a piece is a mere $0.47977 per ounce. I don't see the point in paying $1 or more per ounce rounds with such massive premiums.
Copper isn't a bad investment, but the cheapest way has to be wheat pennies.
Edited the numbers for accuracy
You can't legally melt down pennies for other things. They're not .999 pure copper. And I believe it takes about 7 pennies (95%) to equal 1 oz of copper. In a barter situation, I would think most people would probably prefer the conformity of a standard 1 oz round to that of 7 pennies. This has been presented in previous videos - Pre-1982 pennies vs. 1 oz. copper rounds.
@@phuckyu3383 These are all fair points, but are they really justification for paying a 250% premium when a 61% premium is readily available? I didn't even mention pre-82 cents--3.5 cents each is a mere 18% premium.
A barter situation almost certainly means the legality doesn't come into play, but even still copper pennies are traded for copper value just like copper rounds--neither of them need to be melted. Plus, you'd still have to explain the value of an ounce anyways.
These feel like remote situations that silver and gold already cover--barter situations normally cite constitutional silver, with mercury dimes being valued at around $2--without the obscene premiums.
As with anything, there's a cost associated with turning a raw material into a finished product. And premiums based on USD become irrelevant when there's no longer USD. *I mentioned pre-1982 pennies because you don't need to go all the way back to 'wheat pennies' to get 95% copper.
In a barter situation I would wager that pennies are less practical or desirable. Without the legalities, I suppose you could go to the trouble of melting down hundreds or thousands of 95% pennies into rounds or bars? If I had pounds of pennies that I could sell legally for the scrap copper price now, I'd do that. And use that money to buy 1 oz copper rounds. Because, it's a standard measurement of pure copper in a convenient size. No math needed.
As already mentioned in videos like this, copper could ALSO be used in place of fractional silver in some cases because there's intrinsic value with copper. But, if someone wanted to give me a Silver Eagle for a bottled water, I might give him two - out of kindness.
Also, I would like to know why fractional silver and gold coins/rounds have higher premiums as you go smaller? Seems counterintuitive.
@@phuckyu3383 Gold - the 1 gram premium is around 30% while the 1 oz is about 4%. Silver - buffalo rounds are about 10% over spot and junk silver is about 7%. Fractional silver is high premium since it has production costs (just like those copper rounds) but junk silver isn’t newly manufactured. Copper - the above premiums are noted.
Premiums are important when determining how much metal you can get right now. This is why I don’t recommend silver eagles at all-the premiums mean less metal than rounds, though the barter argument is used as justification by some silver eagle stackers. The barter situation is remote but might be worth a small premium at most. Also, you legally CAN sell copper pennies for the scrap copper price-the law is only about melting. Since this is a collection/prep argument, I’ll set aside the argument of whether you would need to find a buyer at scrap price.
As for your argument that gold isn’t as appropriate as silver dimes or copper in general in a barter situation, I agree for small items. However, silver dimes have both significantly lower premiums AND higher acceptance-especially in barter situations and among preppers. 1 oz copper rounds would require the same line of explanation as wheat cents, and they don’t even have the same benefit of divisibility that wheat cents and silver dimes have.
The remote scenario argument about barter doesn’t alone justify the currently huge premiums for copper rounds. The real question is whether copper rounds will maintain their premium as well as rise in value. Silver and gold have a proven history while copper rounds are a more modern investment vehicle with HUGE premiums and a value currently based on speculation. While some speculative assets perform well, this doesn’t make copper rounds superior to silver dimes or wheat cents at all. This leaves only collectible value and demand.
No, copper rounds wouldn't need an explanation. It's 1 oz of 99.9% pure copper. Either you like them or you don't. Whereas, 90% silver, etc., requires a briefing from a numismatic handbook. And no one will care about the premium you paid above the spot price. So, while you may have paid a 30% premium on fractional metal, its perceived value is the fraction of what 1 oz. is.
Copper is not an investment with an expected ROI. It's a barter item like bottles of liquor, a box of nails, hand tools, etc.
So, I'm fine with the premiums I paid for the copper rounds I've bought ($1.30 avg. cost). Dollar wise, it's a small fraction of what I have in silver and gold.
I'm batman
I like copper, great video
@@sestacker thanks sestacker! Good to have you here
Cooper does have a certain appeal to it.
I might be wrong but my brain tells me Gold and Silver are money, were so historically.. For copper, spot price is all that matters..
Collecting is a hobby, and during terrible times, hobbies disappear and for metals which are not money, all that you're left with, is the spot price, the price used in industry
Heard of the Widows Mite? Copper was money historically back to the old days as well, but you have to go what you know and want - keep prepping and stacking!
@@coppermutant you're right, good luck stacking man
If you love to lose tons of cash then copper bullion coins are the way to go pay $70 for $4 worth of copper
You don't have a clue, do you?
I save scrap copper wire, pipe, pennies, brass, aluminum, ect.. you're correct I have no clue why some people would buy copper or any other metal for 30 times higher than the current spot price, please explain?
@@EatCowSomething tells me you're loaded up on Bitcoin too? Anyway, it's been explained, ad nauseum, in videos like these. But, good luck with your smelting operations - post apocalypse. 👍🏻
Only grab a few rolls of coppers that catch my attention for art or theme… but it clearly just for art/theme… reality is it’s just too overpriced based on value… if coppers $4-5/lbs… but they sell copy for 1.25-$5/oz… terrible markup for sure…
Stacking copper 😂😂😂😂