Copper Pennies and Nickels vs. Copper Bullion
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innerharmoni, if you talking about the penny after 82' then it is made of zinc mostly not aluminum. The older coins still do have value in copper.
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Good video. But the bullion online is .999 of fine copper.
The coins you have are not pure so you will lose refining cost if you ever need to sell them. You basically paying the refining cost up front when you buy pure copper. So either way you pay refining cost.
The fine copper bullion would be easier to trade because it states it's weight.
Same difference between silver dimes vs 1 troy once of pure silver.
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Great job, you are so correct. People buying copper "bullion" would have to wait for copper to reach fantastic prices before they realize a profit. Copper pennies and nickels are definitely the way to go, and besides you can deposit those in the bank or buy a can of Smeet from WallyWorld. Try that with a copper bullion bar/coin.
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@999SoundMoney Thanks for the comment. I personally prefer copper coins to any other metal. Although it doesn't have the big gains of gold and silver, it's gaining value and has very little downside (if any). -Eric
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do all nickels have 75% copper or are there specific dates?
stormspottter 1 month ago
@stormspottter Yes, all nickels, even the 2012 nickes. However, the nickels from the WWII years have 35% silver.
ELHIEGER1 1 month ago
Good video! I never could understand why people would want to buy copper bars when there are much cheaper alternatives. Will
terminal99 6 months ago
@terminal99 Thanks Will! I don't really get it either, other than if it's for collection purposes, or something rare. -Eric
ELHIEGER1 6 months ago
The premiums on copper and nickel bullion are outrageous. I saw an ounce of nickel for $29.95. What a joke.
One thing I do is pick up metal when I go for walks. I carry a little bag with me and throw it in. I find some pretty much everyday. I find bits of copper pipe, wires, and one that gets overlooked a lot, lead tire weights. Lead is about a dollar a pound now, I just stash them. They're small & heavy, so don't take up a lot of space. I pick my nicks and pennies too. Important info/good vid!
acuriousbeast 7 months ago
@acuriousbeast Great idea to accumulate copper. -Eric
ELHIEGER1 7 months ago