Tips On How To Buy Copper Bullion

Deciding to buy copper bullion is something that a lot of precious metal investors are looking to do, as there is plenty of it currently on the market, and its selling price has generally increased over the past few years. This can be attributed to the declining price of the dollar, as well as subsequent inflation among other economies. Investment means taking the time to learn how to effectively purchase and store the metal. With the dollar having lost around 95% of its value, pieces of paper just won't cut it these days in terms of saving for the future. Copper offers an easy and inexpensive way to invest in the metals market. Many people collect this metal and don't even realize it; through hundreds of extra pennies in change. Around one in every three pennies is worth saving, with costs being about two times their face value. Until the year 1981, pennies had a high copper content; over 90 percent, while the remainder was filled with zinc. As such, they are worth around twice their face value on the market. Pure pennies are easy to acquire and can only go up in value. Currently, these coins are illegal to melt, but since laws may change many people are buying low and saving them for the future. Pennies are easy to purchase. Most banks will sell rolls of them for a low price, with a guarantee for their value. As long as the penny is from 1981 or earlier, its is worth around two cents. Selling ingots and bars by the pound to industrial markets is a good idea for people who have invested in the metal for a number of years. Ingots and bars are another great way to invest, as they provide the owner with a beautiful piece of metal as well as a future investment. Most ingots come stamped with artistic reliefs, such as icons from Americana and presidents. As well as this, commemorative pieces can feature Chinese zodiac animals and flavorful designs. Popular decorative pieces are native American chiefs and buffalo. The average ingot is made up of roughly around . 999 percent of copper. The true amount and weight of the bar is often stamped on the front, along with any designs or motifs. A dealer may also place their name and logo on the piece as to make their products traceable as well as to advertise. These exquisite pieces make for great gifts for anyone who is interested in collecting or is new to the hobby. A increasingly large number of metal on the market means that the market is currently very low, but that the buy-in price is very cheap. As people see the amount on offer, they will continue to purchase more to collect for the future. Consequently, it makes sense to buy as much of the metal as possible during its current low period, so that its slow increases add up after the initial offerings are gone. Dealers that buy copper bullion can be found online or in the local neighborhood. Brick and mortar stores typically have a large warehouse inventory to choose from, but can also have overage costs for their products. Online, prices are much more competitive, and it pays to visit auction sites in order to get the best deals on decorative bars and other items of value.