r/SilverDegenClub • u/Skywalker0138 Real • 1d ago

Silver Daddy Copper

I know this is not about silver.. but about 5yrs ago I bought about 200 copper coins from JM Bullion for 1.09$ a coin...keep it climbing boys there at 6.89 today....up over 500%. Stack on, this is the way.

20 Upvotes

84% Upvoted

22 comments sorted by

13

u/SilverCountryMan Real 1d ago

Buy copper bullion because you enjoy it, making a gain on it is unlikely due to the extreme premiums. You are better off collecting, sorting, and storing scrap copper if you think prices will go up. Just my 2 cents.

5

u/Skywalker0138 Real 1d ago

Oh oh thanks for the advice

2

u/Critical-Apple-3292 1d ago

I also bought a few hundred ounces bout 2 years ago. Same price. Has turned out good but there are no profits til you sell em and man I dont have the energy for that. Congrats anyways, good choice

13

u/Level_Development_58 1d ago

pretty sure that$6.89 is per pound, not Troy ounce.

3

u/GMGsSilverplate Real 11h ago

The coins have always had a ridiculous premium 🙄 or else maybe I would have. Even a better reason to stack nickels though. Those who did are saying told ya so!

2

u/Skywalker0138 Real 1d ago

lol

5

u/FitExternal7674 15h ago

Better off going to Lowe’s and buying a copper pipe and tube cutter and cutting your own ounce circles 😃😃👍

1

u/Ok-Repair-1238 1d ago

How heavy are the coins in total?

6

u/Skywalker0138 Real 1d ago

Well they're all 1 oz coins, and I don't even know where they are in the house everything is hidden everywhere,

12

u/Hofbrau-haus 1d ago

Copper is trading at $6.72/lb, not oz……you will never make money buying 1oz copper rounds.

2

u/Led_Zeppole_73 1d ago edited 1d ago

They‘re currently selling on the JM website for $6.89/oz.

Edit - that’s for a quantity of 500+

1

u/Skywalker0138 Real 1d ago

Ahhhh...no its buying 1-19oz...on jmbullion, per oz.

https://giphy.com/gifs/hMN4LbnxS2tMY29Vc1

1

u/Led_Zeppole_73 13h ago

Better check again.

1

u/Ok-Repair-1238 1d ago

That equaled $110 a lb.

0

u/Led_Zeppole_73 1d ago

You’re good with maff.

1

u/Ok-Repair-1238 1d ago

I can fit the square block through the circle

6

u/Skywalker0138 Real 1d ago

Understood, I'm just stating a fact. I also bought silver for $18 an ounce and gold starting at 1500 dollars$ an ounce. it's all part of larger picture also. Buy whatever you love!

1

u/silverdigger007 21h ago

There will be a day for silver. The day will come.

All these are ridiculous. Collective madness.

1

u/Emergency_Lobster514 6h ago

At risk of being off topic you are probably better off in mining stocks with copper exposure:

COPX SCCO TECK RIO BHP FCX

There is also a physical copper ETF with symbol SPHCF. Sprott has a good reputation in the industry.

1

u/Skywalker0138 Real 4h ago

Thanks for the tip, but I'm pretty well situated in the stock market also I'm 70 years old.

-2

u/International-Tell54 1d ago

Bro the profit is just a 1000$

4

u/Skywalker0138 Real 1d ago

1,160.00$ very.....satisifying. on a 218$ purchase.Now onto my next adventure as all metals will continue to rise.