Ron Paul "Copper Coin"

[Unidyne]

http://ronpaulcopper.com/

"Copper bullion bars and rounds are increasingly becoming a popular investment option for preserving wealth that’s much less expensive than gold or silver and affordable for just about any budget. Copper coins can serve as both a great investment and barter tool if necessary."

[Number Six]

I bought some nice gem rolls of 1960-D small date pennies yesterday for less per ounce than that. Copper is worth around $4 a pound. Do the math. I liked it when we used a symbolic image of liberty, etc., on the early coins, a nice alternative to George III. To idolize anyone does neither they nor the coinage any favors. Probably not long before there is a coin with the President, a halo over his head flanked by wife and kids on the obverse, with the UN and a diverse crowd singing Kumbaya on the reverse.

[LPC]

http://ronpaulcopper.com/

"Copper bullion bars and rounds are increasingly becoming a popular investment option for preserving wealth that’s much less expensive than gold or silver and affordable for just about any budget. Copper coins can serve as both a great investment and barter tool if necessary."

Shouldn't that be "brass" and not copper?

[Pottapaug1938]

http://ronpaulcopper.com/

"Copper bullion bars and rounds are increasingly becoming a popular investment option for preserving wealth that’s much less expensive than gold or silver and affordable for just about any budget. Copper coins can serve as both a great investment and barter tool if necessary."

Quite omitting the fact that any significant investment in copper, as opposed to gold, silver, platinum or some other precious metal, will require a huge amount of storage space, security expenses, and enough other hassles to make such an "investment" a dubious proposition, to say the least. I do save all of my pre-1982 cents; but I'm hardly planning to make a ton of money on any proceeds, assuming the melting ban is eventually lifted (and, at worse, I've got another stash of money socked away).

[Brandybuck]

Sweden was once on a copper standard. Problem is that copper doesn't have a lot of value, so people ended up lugging aroundcopper plates, some up to 20kg in weight. Copper is great for small coinage, but sucks for medium to large transactions.

Some images can be found here.

[Gregg]

I read somewhere about a Texas bazillionaire who has stockpiled millions of dollars face value worth of nickels. Apparantly he is counting on the melt ban being lifted and at current prices he's doing pretty well.

[Pottapaug1938]

I read somewhere about a Texas bazillionaire who has stockpiled millions of dollars face value worth of nickels. Apparantly he is counting on the melt ban being lifted and at current prices he's doing pretty well.

Actually, if you look at www.coinflation.com, you'll see that his stash has lost a fair amount of value, lately.

[Kestrel]

Copper is worth around $4 a pound. Do the math.

So copper is $4 a pound now, but if you stamp one-ounce rounds with a picture of Ron Paul it's suddenly worth nearly $24 a pound?

Copper bullion bars and rounds are increasingly becoming a popular investment option for preserving wealth that’s much less expensive than gold or silver and affordable for just about any budget. Copper coins can serve as both a great investment and barter tool if necessary.

I dunno. I'm trying to imagine how bad everything would have to get before I could recoup my 5x market price surcharge to "celebrate peace, freedom and prosperity." Not much "prosperity" left to "preserve" after making the initial purchase...

[JamesVincent]

There for awhile copper was going for hyper-inflated prices. Copper tubing was going for $6-$7/ pound at the scrap yard instead of the normal $2-$4 range for clean copper. If you had had copper bullion that you had purchased at a lower rate and cashed it in then you would have made a fortune. But those days are past now, prices are, last I checked, back down around $3/ pound for clean copper.

[roxannedetierro]

Thanks for sharing that buddy. I've been getting interested in coins and I wanted a 1oz copper coin. You never know, a 2012 coin with Ron Paul on it could be a collectors item one day.

[Pottapaug1938]

Thanks for sharing that buddy. I've been getting interested in coins and I wanted a 1oz copper coin. You never know, a 2012 coin with Ron Paul on it could be a collectors item one day.

There's nothing wrong with having a Ron Paul 1 oz. round, even if it always remains a minor collectible. There IS something wrong with having many more of them, intending them to be investments for the future (like most of the cr*p the Franklin Mint puts out).

[notorial dissent]

Curiosity yes, investment, not so much. Always implying that Paul won't be afflicted with the dreaded WHO!!!! virus in five years time.

[Pottapaug1938]

I'm sure that Number Six, and just about any other coin dealer, will talk of how people bring "collectible, heirloom coins" of this sort into dealers, expecting to walk away with a fat check or fat wad of bills, and instead find out that their "collectible, heirloom coins" bring only the wholesale bullion price....

[grixit]

Thanks for sharing that buddy. I've been getting interested in coins and I wanted a 1oz copper coin. You never know, a 2012 coin with Ron Paul on it could be a collectors item one day.

There's nothing wrong with having a Ron Paul 1 oz. round, even if it always remains a minor collectible. There IS something wrong with having many more of them, intending them to be investments for the future (like most of the cr*p the Franklin Mint puts out).

Hey-- don't insult my American Idol Chess Set!