The markups on copper rounds and bars have kept me disinterested...maybe I need to revisit this for myself though...I do put all of my pre-1981 pennies in a jar though so I have a small stack started :-)
The markups on copper rounds and bars have kept me disinterested...maybe I need to revisit this for myself though...I do put all of my pre-1981 pennies in a jar though so I have a small stack started :-)
You're a very sensible guy. I actually don't have any copper rounds because of the same reasons, but I did want to get some of the zombucks. It is my recent interest in scrap and hand pours which inspired the post.
I have a cousin that works construction as a pipefitter, mainly on industrial projects. He hauls out 20-40 lbs of copper scrap ends off the site a day in his backpack. I'm pretty sure the clients don't know and its not something I would do, but his basement is a copper empire. He sells it off in chunks to a scrapyard...he paid off his house in cash in short order doing this.
Maybe not 100% ethical but who is to judge. It sounds like you have a good supplier there. I'm sure he is getting far less than spot for his scrap.
85-95% of spot depending on market forces