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Copper 20-pack

Regular price $19.55 Sale

Copper Rounds - 20 AVDP ounces - .999 bullion

 

Copper has been used by civilizations for thousands of years. It's name is derived from cyprium (or metal of Cyprus). Copper has innumerable industrial uses and a long history of monetary use dating back to the bronze coinage used in ancient Rome. During World War II, copper was so important to the war effort that pennies were made of steel. As the copper in a penny became worth more than a penny the U.S. Mint began making pennies mostly from zinc in 1982.  It has been estimated that economically viable reserves of copper may become depleted in as few as 25 years. Though copper is not expensive, there have been attempts to manipulate its market for large profits including the Sumitoto copper affair in 1995 and more recently the Wall Street Journal has reported on attempts to corner the copper market (see below links) akin to what the Hunt brothers did in 1980 with silver and what Warren Buffett was thought to have attempted in the late 1990s. Physical ownership of copper bullion has become a more popular investment strategy in recent years.

This 20-pack with be shipped in the pictured tube. If you are not completely satisfied with any purchase from us, you have 30 days to return it for a full refund (buyer to pay return shipping). Domestic shipping is free for all orders over $199 (enter code free shipping at checkout). For orders of $199 or under, domestic shipping is $9.95. International shipping is now via USPS international priority express and costs $45 for shipments up to a pound (9 one ounce rounds/ingots or less including packaging materials) and $10 for each additional pound.

  

http://en.wikipedia.org/wiki/Copper

http://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust

http://www.zerohedge.com/news/2014-10-27/copper-surges-after-report-mysterious-london-buyer-has-cornered-90-market

http://www.wsj.com/articles/SB10001424052748704118504576034083436931412

 http://www.bloombergview.com/articles/2014-10-27/somebody-owns-a-lot-of-copper

https://www.bullionvault.com/gold-news/silver-buffett-hunts-032820146

http://minerals.usgs.gov/minerals/pubs/commodity/copper/