Copper Bullion: I don't understand why it's such a controversial topic. I've been covering the topic of copper
bullion here on Gold Why since 2007. While copper will never be my main metals strategy, it will likely continue
to comprise somewhere between 5% and 15% of my stack. Here's why I personally like copper bullion:
(1) You get a lot of metal for your money.
(2) If you stack pre-1982 pennies,
there is zero risk, since you can acquire pennies for face value.
(3) The copper bullion bars out there (the topic of today's article) are really neat. The ones I like to
buy are pieces of artwork, in my opinion.
(4) Copper has been used in currency since old times. In my research, I learned that
copper has been a valuable metal since as early as 3000 BCE in Mesopotamia. It's not a new, hot trend.
Copper has history.
(5) As the price of metals increases, gold and silver will be too valuable for smaller purchases and
redemptions. Copper provides a lower priced metal that will be far more practical.
(6) The copper bullion market is still in its infancy, making it fun and exciting to be a stacker.
My Brand New Copper Bullion Purchase
I recently purchased a brand new copper bullion bar, my first in a while. Purchased from Provident
Metals, this bar costs $61.60 as of today. Featuring 10 pounds of 0.999 fine copper, this bar is
massive! I even recorded a video of my recent purchase (embedded at the bottom of this article), and
it was a bit challenging to maneuver the heavy bar and the camera at the same time due to the weight.
Here's why I'm thrilled with this particular purchase:
The bar is a piece of artwork. As mentioned above, I like buying copper bars that are beautiful,
and view the ones I own as pieces of artwork. However, there are some copper bars out there that just
don't look very nice. I personally stay away from them. In my early copper bullion days, I used to stack
Jetco Bars. Those, in my
opinion, are the best copper bars ever produced. It has been difficult for me to find something close
in quality to Jetco, until now. This Provident Metals bar reminds me of the amazing bars of
prior years, and gets me excited about stacking copper all again.
I really like the textured finish. As you can see in the images below, this bar has been
treated with textured finish. (It's actually on all sides except the top and bottom.) As a result, it
reflects light in all directions! When you hold this bar under light, you will be amazed at
the luster and reflection.
I really like the beveled sides. While the top and bottom are flat, the sides along the
length of the bar are rounded. I really like bars with rounded sides.
I enjoy buying from Provident Metals. They are a reputable gold store and I have a long
history of successful purchases from Provident. The fact that they carry great copper bars makes
it even easier for me to add to my stack.
Shipping was excellent. I purchased some silver coins along with my huge copper bar on
purpose. I wanted to see how the shipment would arrive and if the copper bar would damage the
silver coins. I was very pleased to see that Provident packaged my order in a way that protected
both the copper bar and the silver coins from each other.
The price is right. At $61.60, I feel like I'm getting a huge amount
of metal for my money, especially for an institutional grade ingot. Please see below, as I
really want to dive into this topic deeper, since it can be a controversial one in the world of
Copper Bullion Bars Like This One Are Not Overpriced (In My Opinion)
Some of you may be thinking: I can go out there and get even more copper for $61.60. Maybe that's
possible at large scale for an industrial use, but I doubt you will get ingots of institutional
quality. There are two markets for copper: (1) Copper used in industry and bought in huge
quantity by corporations and (2) copper bullion bars of institutional grade (meant for stacking),
like the one I just purchased from Provident.
If I'm buying industrial copper in bulk to build pipes, the cost will be cheaper due to economies
of scale and the physical form in which the copper is delivered. Does a copper stacker/metals stacker
want to have a stack of pipes? Will they be easy to trade/redeem? Do they have their weight stamped
on them from a trusted mint/store like Provident? No! Copper bullion stackers and anyone taking
copper as a form of payment want institutional grade ingots. For $61.60, I feel like I'm
getting strong leverage on my money in the world of copper bullion bars.
Since a great source of debate in the world of copper bullion bars revolves around this very point,
I hope this helps provide some clarification to anyone wondering if copper bullion bars and rounds
are overpriced. Surely, you need to do your research and buy from a trusted store like Provident
Metals. However, it is my opinion that copper bars like this one are not overpriced. They are
What Could Be Improved
While I'm really happy with this purchase overall, there is some room for improvement. Specifically:
I wish the stamped weight and other markings on the bar were a bit deeper. Since the bar features
a textured surface, it can be difficult to read the stampings at certain angles.
The bar could use a nice, thick plastic sleeve. It came in a plastic bag that had some tears
in it. I will storing my bar in a ziplock bag to keep the air way and the bar in beautiful shape.
I would personally pay more if Provident offered the bar in a really nice, custom plastic sleeve (the
way that one typically receives silver bullion bars).
I wish the top and bottom of the bar were rounded and textured as well. It looks like this
bar was probably cut from a longer bar. The top and bottom show a polished-like look, probably because
that's where the machine cut the metal from the longer piece. I understand that this probably creates
production efficiency and lowers cost for the consumer. However, I'd pay a little more I the top and
bottom were textured and rounded, making it an even nicer institutional-quality piece.
I hope you enjoyed today's article. It's 2017 and Gold Why is back! I'm excited to be writing new
articles on a frequent basis here, so please make sure to check back often. And, thanks for reading.