Hey Scrapping Adventure, i make copper bars myself. I dont charge much and I have had a great response from the community. I get all my copper from scrapping too. I dont go out of my way It just seems to fall in my back pocket ya know. Thanks for making the video. I stay away from investment grad bars and rounds. The bars with holes do very well. Add a bit of borax to get rid of bubbles in your pours.
I bought 2 100 oz bars of copper for next to nothing. One year outlook on cooper by experts based on anticipated demand is going to be more than double current prices. Besides, I love having copper next to my silver and gold stacks!
Sure thing, it's my job, so it's easy for me to find (or at least justify) the time, but if you have another job, might be a bit too time intensive. Thanks for watching 👍
Great topic! I don't throw away or sell any of my scrap metals. I find the value is better stored in the material than in fiat cash. Also copper rounds and bars are insane, sure there's potential for the value to go up, BUT you throw that away upon purchase. If you don't want to scrap, you can just buy massive rolls of copper wire, I think it's the cheapest form of copper to buy, you'll have to do your own research though. Better yet, before anything, call some scrap yards and see what they pay for copper (by the pound)and maybe even ask to buy from them direct.
If you have massive amounts of secure storage space and you live (against all odds) in a country you'll probably never have to leave because of whatever reason, then sure, might be a thing you could do. For me, ain't no way. Thanks for watching 👍
Yup, or start getting carried away with junk copper instead, there's no issue there and if you have too much, you can sell some and buy a bit more valuable metals from that money 😊😊👍
When the video started and you mentioned buying copper, I was thinking “why would you buy something you can get for free?”. Glad that you also came to the same conclusion. Great video. The professional bar was very nice looking. I can see having one as a novelty but stackers want to accumulate large amounts at the lowest price … and free is the best price (well I once had a guy offer to pay me to take away his scrap including a heap of copper, but I couldn’t bring myself to charge him)
Certainly, getting it for free is by far the best way for sure, but it's fun to have a few of those nice bars laying around, not for stacking necessarily, but just to have them, I guess :D That's very nice of you, no way I would have charged that person for that, good job 👍👍👍
Taking copper bar to the scrap yard you would get well below spot or market price because they don't know what is in it. I have a few hundred pounds of copper sitting in my back yard but I am waiting on Taking it in until commodities go back up in value. Until then my scrap pile just keeps on getting bigger. Last year when prices were high I took in my brass pile and was able to get an ounce of gold for it.
Yes, but why would you do that if you can sell them on ebay for like 3x spor or even more? And of course you don't get spot for anything you bring to the yard, because spot is a theoretical number for the stockmarket, no one gets or pays that exact number, it's just used for a rough orientation. Thanks for watching 👍
If you have any base metal bullion you should never sell to a metals yard. You should also deal with a sophisticated yard top of the food chain that has an XRF.
Thank you for sharing this. I was planning on buying a 10oz Copper bar for more than 20. It's common sense that it would be elementary to buy at that price. Guess FOMO got the best of me.
Yeah, well, if you buy it just to look nice and to have one, there’s nothing wrong with that, but it really isn’t about the copper value, that’s for sure. Thanks for watching 👍
containerizing, stacking... YES!!! Copper is very under it's true value right now. I refuse to take any of my copper into recycling at this time. Particularly on the eve of wanting to cast things. I'm not saying buy copper though. I get mine for the mere cost of gasoline spent. People give me broken appliances, and I hedge the copper and aluminum. Steel, I can't justify holding for long periods. Currently $70/ton here. Which more than covers gas, usually. Only if I end up tight on funds, will I sell my copper. I'd have to be pretty bad off though. I have the space to hold tonnage of copper though. So, I wait patiently 🤤🤑😂
I hoard my copper, aluminum and brass until scrap prices go up. I always dump my steel as soon as possible. I use some of my earnings to buy silver and gold.
Okay, if you have the space to do so, sure, but keep in mind that it might take a long time for scrap to go back up, we are entering a time where it usually goes down. Thanks for watching 👍
Yup, that's a good way to find it for cheap prices, tin is another one of those metals that you can potentially get for very cheap there. Thanks for watching 👍
I salvage copper from old electronic items as a hobby. I have a good stash of it built up, and I'll hold it. However, I would only buy it if I could get it for or below spot. That's not easy to do in my experience. Copper bullion is always way over spot. Old pennies and scrap is the way to go with copper,
while l wouldnt go out and buy it, l have intentions of casting it for my own stash, (more as a nest egg for my retirement) im also a scrapper and l get a lot of copper which l keep a portion of
No, there is no such thing, nice idea tho, eventhough I doubt that it would be worth it, the production cost is huge on those, would probably still be 15 to 20$ per kg. Thanks for watching 👍
@@scrappingadventures290 was curious, because in Australia I can go prospecting for gold nuggets and take it to someone with a refining registration and process it for a fee. Not common but the service is around if you know where to look.
Sure, but gold is not comparable to copper. Copper ain't worth s..., so the production cost is always more than the metal is actually worth, if you do it on a small scale, hence why no one does anything with it as far as refining goes. 👍
stock market spot price is for 25000 pounds delivered. the fractions of that are worth what it costs to make it. round, bar, or whatever. so ya spot is the highest discount possible, and people want that discount every time.
Wouldn't copper be worth abit more than it should at the moment, it has so many uses mostly electrical but also in the jewellery industry as a part of sterling silver and gold alloys(usually a mix of gold,silver and copper at different ratios)
It's very abundant in the ground, no, I don't think so. It's similar to aluminum, a bery useful metal, but literally 8% of this planet consist of it, so it's never going to be expensive. But it's stable and will always be worth something. Thanks for watching 👍
@@scrappingadventures290 I think it will get expensive because storage above ground gets nearly depleted until prices go higher then and only then do miners start production again. Then there is a huge demand which increases prices even more. Actual copper miners are just now getting funding to find new ore. Up until now it has mainly been a byproduct of gold mines. All of that is about to change. Mining specifically for copper really didn't exist until recently. Copper mines have been closed. Let's just wait and watch. Right now you will over pay for the "art" in the copper. I agree on that part.
...it's because it's cheap, it's fun. And, it's no real loss as it has some intrinsic value, plus, fiat is diminishing due to inflation. Stamped bars have a premium and bigger is better. As always, it's what you buy at. Why not.
good video, same thing i've always said about jewelry, the mark up is ridiculous, you never recover your "investment". i see these rappers with these huge gold/silver/diamond necklaces costing 10's of thousands of dollars, knowing they will never get anything near what they paid, maybe if they die young or something, but you're dead... same thing with cars, very few cars hold their value. these are not investments, they're frivolous buys, a waste of money.
Well, nowadays some cars can actually be a great investment, my grandma bought one of those Suzuki Jimny's in 2019 for like 16k and was offered 30k just a few weeks ago. Mad stuff. She didn't sell it tho, she needs that exact car and you obviously can't get them because of that crazy demand. But yes, just your normal F 150 or vw golf is not a good investieren, that's certainly the case. The thing with jewelery, well, that also depends, if you buy it new from some boutique or something yes, that'll be a bad investment, but people sell that stuff all the time, l8ke you said, for much much less than they bought it for, so why not buy it from them? That would then be a sound investment 👍👍😃
@@scrappingadventures290 true, there will be some cars (not collectables) that become popular with certain demographics, but it isn't something that's consistent. like i had a small nissan pick-up about 10 years ago, and almost every two weeks a latino guy would want to know if i wanted to sell it, i bought it for like $500 so i would have made a small profit but i needed the truck more, and it wouldn't have been enough money to really upgrade without going into debt. jewelry is a total scam, de beers has warehouses full of diamonds, they hoard them and have a large percentage of all diamonds so they can keep the price artificially high, i had an ornate gold ring that cost about $1000 retail. times got tough and i advertised it, got no bites, took it to a pawn shop and the guy would only give me money for the weight, he didn't care how much detail it had... got like $70 for the weight in gold.
Totally, that's what I was saying about retail and not retail. If you are forced to sell something, you will get scammed, that's a given with human beings. Of course a pawn shop ain't gonna care about the details on a ring or how nicely it was made, because they don't have to care. They know very well that the people that come there have no choice, so they don't give two frogs. But here's the catch: that has nothing to do with jewelry, they do that with everything under the sun. Friend of mine wanted to sell his basically new IPhone a few years back, was worth a solid 600$, they offered him 30$ and didn't want to negotiate. Of course he sold it online and not with them. There's a lot of effort that goes into making jewelry by hand for example, it's incredibly tedious and takes enormous amounts of skill, so I totally understand why it is as expensive as it is, but that doesn't mean that it's a good investment, that's for sure.
@@tomitstube You don't get shit for jewelry other than the value of the metal. The only exceptions are jewelry from well known/high end jewelers, rare vintage/historical pieces, or something that has a provenance that makes it desirable. An example would be a Wal-Mart sterling silver ring worn by some random chick is worth like $10, maybe $15 if she's hot. If it was worn daily by the now deceased Queen Elizabeth...well that shit is worth something. Diamonds aren't worth shit. In the grand scale of the universe, its a common material locked in a common form of matter. Actual precious metals are rare as hens teeth. The process to actually form gold, silver, platinum, palladium, etc, is incredible. Gold isn't even from this planet. It formed in a fucking star after it went supernova and it arrived here on asteroids. I'd much rather have that than some compressed carbon.
@@scrappingadventures290 yep, i'll just say capitalism is a system that rewards sociopaths. the u.s. congress legally trades stocks based on the bills they write, they take money from defense contractors, gun manufactures, and a whole host of corporate conglomerates like oil companies who do nothing about climate change, private health care companies that deny care, etc. etc... and they gut/strip agencies that regulate companies that could actually hold these thieves and grifters accountable... so when you see anything being sold on t.v. you can be sure it's there to RIP YOU OFF.
I personally would never buy a copper ingot or coin for investment purposes, I would not make my own ingots, although it would be a fun. I trade up all my combined scraping metals, computer bits and use it to augment my other investment metals. I do strip fine copper wires others would say is a waste of time. I am currently tweaking fine solid wire coating crusher made from a timing belt tensioner from a Subaru mounted to a drill press. I made a few videos of it in action. Cheers all
@@scrappingadventures290 I did mean you personally just some other scraping channels it is discussed often. Especially when it comes to fine wires like bell wire and smaller.
Sure, no worries :) Yes, it gets to the point where it's maybe not worth it to spend the time it takes to strip it, I usually sell it then, I get a decent price for that. But everything I can reasonably strip, I will.
@@scrappingadventures290 I am sure they do its a fake grain of wood...but that doesn't change the fact i pretty sure have that same desk. does it come with a separate filing cabinet that you can put underneath?
Nope, it doesn't :) But yes, they do a lot with this fake grain. I have to get a new one one of these days, I always hit my knee on a weird piece of metal under the bloody thing. Very annoying 😂
I am not being disrespectful here, but the quantity of copper needed to purchase to keep the premium low enough to make sense for $4 / lb is just not realistic. It's not a metal that in our life times will be worth enough to warrant having a warehouse of thousands of pounds of the stuff to make possible a few bucks after taxes and fees. Silver is a better bet if you have a low budget and you want something that shifts between 18 - 32$ / ounce so you can trade or invest by buying on the lower end and holding.
@@scrappingadventures290 copper Index or so idk either but u have to pay for the fees that much oftrn 40+% better put it into a spot etf for Copper or so where u pay maximal 0.2to1% fees
Never heard of production cost, hm? What it's worth is what someone is willing to pay. There are plenty of people out there willing to pay 3 or 4x the copper value for a bar, so that is what it's worth, wether you like it or not.
@@scrappingadventures290 I apologize for offending you with my personal opinion. If ya want, I have about 500 pounds of scrap copper cleaned and sitting in my garage that I can sell you at scrap prices. Otherwise, have a nice life.
@@scrappingadventures290 It's not a precious metal, so its potential market value is limited to industry. Its value is very low compared to precious metals which means you can't fit any significant amounts of it even in a very large safe. And the chances of it increasing in value alot is very low compared to that of silver and platinum. So why spend your time stacking copper when you can simply stack silver instead?
That has nothing to do with being a precious metal or not, silver is a precious metal and the vast majority goes into industrial uses anyways. Same with palladium, rhodium, iridium or ruthenium. Weird argument. I'm not telling you to buy copper, you can buy whatever you want mate, no need to call it a waste of time.
I have some copper bars just for the novelty and b/c I worked with copper roofing for 15 years. I tend to buy things like pens, knives, flashlights, and little knick knacks in copper just b/c I worked with it for so long. I bought one copper coin simply b/c it had a bare breasted woman on it. It looks great. I have big tubs full of copper scrap that I picked up from jobsites. Electricians/plumbers would always leave their drops laying on the ground so I would go around and pick up all the pieces. I would sometimes go in the dumpster if there was a pick pile of wire/plumbing scrap. I'd find old appliances on the side of the road and take it home to dismantle it for the copper wire and electronics. I did the same with lead b/c I can use it to cast bullets. I probably have 1,000lbs of lead on my back porch right now. I'd argue that I can get more money for the lead than I can the copper. Copper bars aren't a good investment when you can go to literally any jobsite and offer to clean up the place for free and pick up all the copper scrap you can carry. What I have isn't worth a lot, but who knows, maybe 20 years from now copper will have doubled or quadrupled in price and it will be worth a few grand. That's worth it to me and all I had to do was bend over and pick it up. I just don't see it as an investment that's going to make you money. It may hold some value or give you some money in hard times, but that's about it.
Yeah sure, I don't really look at it as something that will go up in value either, just something I like that can be turned into cash at any point and that I barely had to pay anything for, if anything at all. Thanks for watching 👍
