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CMCC's Blog

18 Oct 2016

Taking a Look at Bullion!

| CMCC

Taking a short break at numismatics, I decided to get some precious metals to add to my collection.

A while back, I bought two 10 silver bars at $16.97 oz. Since then silver as risen to $20.67 and dropped to the $17 range. Since silver is kinda high, I decided to get some cheaper metals.

Looking around, I found a silver american flag that looks wavy but lies flat. They are each one oz. I ended up buying two. Also from someone else I found a 1 oz. Silver Bullet, the same size as a .45 Caliber. It had a whopping 40% Premium, so I just bought one. From the same person I looked in the copper section, and they had 1 oz. rounds to 10 pound bars. The 10 pounders looked ugly in my opinion, and I found that I could get a discount if I bought 10 or more 1 pound bars, which would make them cheaper than one ten pounder. I bought as much as I could afford at the time, which was 18, as I had most of my money reserved for an auction. These copper "loaf" bars look just like the bars you see in cartoons, just smaller!

It ended up that I lost the auction, so I had plenty of spare money. For an even better price, on eBay, I found some lots of 10 of the same copper bars, I ended up getting three, or 30 bars. This put me at 48 bars. Who buys 48 pounds of copper instead of an even 50? That is what I thought. I could not go to JMBullion and get two more copper bars, and I could not find those copper loaf bars anywhere. I ended up getting two different 1 pound copper bars that were flat and much bigger, with a copper round that looked like a buffalo nickel inserted into it. My little safe upstairs has bullion and bullion only, and has a net weight of 52 pounds and 7 ounces (50' copper, 2' 7" silver, plus 3.7 grains of gold)

I dream of getting another 50 pounds of copper to make an even 100, but I don't think I will be doing that very soon. I want to get back to getting normally coins.

Comments

CoinLady

Level 6

Always good to own some precious metal. Copper is becoming more precious.

Mike

Level 7

Since you mentioned it provident mint is the mint I was going to give you for copper. I thought you would have it nice going!

CMCC

Level 5

The prices for Gold, Silver and Copper are better at ProvidentMetals than at JMBullion!

user_7180

Level 5

It is all an investment eventually - one sort or another!

user_49486

Level 3

i also collect copper but in the form of copper pennies (1959-1982)

CMCC

Level 5

I thought this blog was deleted! Well, I didn't want it deleted, it just showed an error instead of posting it! I agree with Well Worn Copper--if precious metal prices skyrocket, I'll sell my bullion immediately!

I agree with "SUN", I'm happier with coins than bullion. Hey, if we all collected the same things it would be a boring world!

Longstrider

Level 6

Nothing wrong with copper as bullion. I have a few pieces that I like. It's also a good way to make up that minimum charge to get free shipping. Thanks!!

Pliny The Elder

Level 5

A chunk of any metal is pretty neat, copper included. Silver especially. Gold, yeah I wish. Always worth collecting because it is easy to get rid of when tired of it.

I enjoy buying both bullion and coins. While the coins are sentimental I have no problem with selling bullion if the price shoots up. If I could go back in time I'd grab a suitcase full of silver bullion and go back to January of 1980 and start selling. Silver was about $50 an ounce!

Mike

Level 7

I follow you if you want the name of the mint follow me I'll give it to you and you can change back no problems. Mike

Mike

Level 7

I understand what you were thinking of! I was on a site for a mint that was selling one hundred ounce beautiful copper bars. They looked so good I'm still thinking of buying them. Why its a metal . A beautiful metal the way they made these. More of a decorative type. I don't see anything wrong with them. They make Cooper coins all sorts of designs. I think this was a well thought out blog I enjoyed it very much it brought back some more interest not only in copper but other metals. Thank you.

CMCC

Level 5

I like the 1oz. Bullets, so I got a silver one. Instead of paying $26 and a 50-75% premium for one bullet, I am thinking of getting some 1oz. copper bullets once Provident Metals is in stock.

"SUN"

Level 6

I am happier with coins than bullion. There is a story behind many coins.

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