How to Invest in Copper As Bullion
Begin to acquire copper "bullion"., Check the date., Test the copper amount., Reach into your pocket and examine your change., Stock up., Keep an eye on the value., Enjoy your new hobby., Be realistic., Store it., Consider the wealth that might have...
Step-by-Step Guide
-
Step 1: Begin to acquire copper "bullion".
You may not know it, but you've already begun.
There's a lot of that bullion
- in the form of circulating copper pennies
- to be found.
In some areas of the country, upon examination, as many as one in three pennies will be worth saving. , Until 1981, pennies were made of 95% copper and 5% zinc, hereinafter referred to as copper.Beginning in 1982, the alloy used to produce pennies was altered to
97.5% zinc and
2.5% copper, hereinafter referred to as zinc, to offset increased fabrication costs to the United States Mint as base metal prices became costlier., Pennies exist in both bimetallic forms for that year and may be distinguished by weight; copper is heavier at
3.11 grams as opposed to zinc at
2.5 grams.As well, you can tell the difference by sound.
Drop a 1982 penny on a hard surface and copper will produce a melodic timbre
- a distinctive ring
- as opposed to a dull thud if it is zinc., Set aside those pennies made of copper.
You might also have a piggy bank or a jar you've filled with a pile of loose coins.
Save the copper; you can spend the zinc., When you finish your search at home, plan a visit to your local bank or credit union where you may purchase rolls of pennies other customers have brought in, or request to order a $25 box of pennies., At the present price of copper, United States pennies minted before 1982 are worth close to two times face value.A highly informative website, Coinflation.com, updates the value daily of the metal intrinsic to all forms of United States coinage., You'll find that this venture may introduce you to what can become an engrossing and often fascinating new hobby, that of collecting and completing a full set of Lincoln pennies.
If so, welcome to the hobby of numismatics., While this means of investing in copper bullion is certainly feasible for everyone to participate in, your potential profit is limited by scale, and can only increase in magnitude if you have the means to accumulate a large stockpile of copper pennies., If you have limited space to store your bullion or security is a problem, check out mint storage options online to learn about insured storage., Those same coins are now worth at least twelve times their face value.
One could dream of having access to an invention conjured by H.
G.
Wells to revisit those days or, upon reflection, reach the conclusion that you already have such a time machine, as virtually the same opportunity afforded by silver in 1965 now exists with copper today. -
Step 2: Check the date.
-
Step 3: Test the copper amount.
-
Step 4: Reach into your pocket and examine your change.
-
Step 5: Stock up.
-
Step 6: Keep an eye on the value.
-
Step 7: Enjoy your new hobby.
-
Step 8: Be realistic.
-
Step 9: Store it.
-
Step 10: Consider the wealth that might have been generated if
-
Step 11: in 1965
-
Step 12: you had begun - as did others - to withdraw the 1964 and older 90% silver coins from circulation and merely saved them.
Detailed Guide
You may not know it, but you've already begun.
There's a lot of that bullion
- in the form of circulating copper pennies
- to be found.
In some areas of the country, upon examination, as many as one in three pennies will be worth saving. , Until 1981, pennies were made of 95% copper and 5% zinc, hereinafter referred to as copper.Beginning in 1982, the alloy used to produce pennies was altered to
97.5% zinc and
2.5% copper, hereinafter referred to as zinc, to offset increased fabrication costs to the United States Mint as base metal prices became costlier., Pennies exist in both bimetallic forms for that year and may be distinguished by weight; copper is heavier at
3.11 grams as opposed to zinc at
2.5 grams.As well, you can tell the difference by sound.
Drop a 1982 penny on a hard surface and copper will produce a melodic timbre
- a distinctive ring
- as opposed to a dull thud if it is zinc., Set aside those pennies made of copper.
You might also have a piggy bank or a jar you've filled with a pile of loose coins.
Save the copper; you can spend the zinc., When you finish your search at home, plan a visit to your local bank or credit union where you may purchase rolls of pennies other customers have brought in, or request to order a $25 box of pennies., At the present price of copper, United States pennies minted before 1982 are worth close to two times face value.A highly informative website, Coinflation.com, updates the value daily of the metal intrinsic to all forms of United States coinage., You'll find that this venture may introduce you to what can become an engrossing and often fascinating new hobby, that of collecting and completing a full set of Lincoln pennies.
If so, welcome to the hobby of numismatics., While this means of investing in copper bullion is certainly feasible for everyone to participate in, your potential profit is limited by scale, and can only increase in magnitude if you have the means to accumulate a large stockpile of copper pennies., If you have limited space to store your bullion or security is a problem, check out mint storage options online to learn about insured storage., Those same coins are now worth at least twelve times their face value.
One could dream of having access to an invention conjured by H.
G.
Wells to revisit those days or, upon reflection, reach the conclusion that you already have such a time machine, as virtually the same opportunity afforded by silver in 1965 now exists with copper today.
About the Author
Diana Rivera
Experienced content creator specializing in cooking guides and tutorials.
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