Copper Rounds

Discussion in 'Preparedness' started by will62, Jul 20, 2018.

  1. will62

    will62 Scout

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    I recently went to a survival/preparedness expo and there were several vendors selling 1 ounce copper rounds. What is the purpose of something like these given the current price of copper as it would take a lot of space to store any significant amount? I noticed that they are also selling these at SMKW.

    Personally I prefer silver.
     
  2. motman241

    motman241 Scout

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    I think they are talking about world-wide poop hitting the fan. Money as we know it will be worthless - we will resort to precious metals: copper, silver, gold, etc. Now in a world like that, what if you want a pack of smokes? Are you going to give silver for that? How about a couple rolls of toilet paper? I think of it like current currancy - penny, nickel, dime, quarter, etc. ... copper, silver, gold, platinum, etc.
     
  3. will62

    will62 Scout

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    Thanks for the info, that makes sense.
     
  4. H3NT3

    H3NT3 Tracker

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    Just some ramblings relating to this:

    During our nation’s beginning they would chisel Spanish silver coins into eighths. That can fix the need for copper coins for small trade items. If there is enough silver circulating around...

    However during the Romans (around the time of Jesus iirc) a denarius was the pay for an average day of labor. That was 1/10 Troy ounce of silver. In this scenario a copper coin would be amazing help. I can’t inagu e a lot of precious metals in the hands of common folk during that time given the small weight of silver for a day. That much silver is prolly similar to a dime. Maybe a bit larger.

    Monetary units when backed by a metal is a shorthand convenient way or articulating a specific weight of metal.
    Trade based on weight of a metal is what matters.

    Giving a set weight a name is a tactic to get the population to think dollars instead of 1/35th an ounce gold. That has opened the door for debasement numerous times. That empowers governments to kill more. Centralizes power too. Governments are inflationary by nature and kill by nature. Debasement furthers both those goals.

    Since we have debits/credit cards, baseless cash that is quickly being phasing out, and very limited precious metals in the hands of common folk, I think copper is an excellent tool for trade if things got unstable/uncertain because a new world order couldn’t rebirth a new currency in short order.
    I don’t see the bulk of the US knowing how to convert their 12k jewelry into 23k coins on a local level.

    Getting copper units and other small denomination of metals in circulation ASAP could have profound effects on enhancing local stability. Just my opinion. We trade and get along with people we don’t like because of common currency/money. Take that away then I’ll tribalism in other ways.

    I don’t think copper is a big boy insurance/investment the same way as precious metals are. It is a commodity first in my eyes. But with Grisham’s law Ibtgink it will be favored for common transactions over the more rare... until/If the more rare become common like the good ol days. Which it prolly won’t... because that would empower the masses.
     
  5. Chazzle

    Chazzle Wandering Teacher Supporter

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    When my change jar gets full, I take it over to my local coin shop to trade for silver bullion. Stack it deep, it will never be worth $0.00! Get a variety of denominations (100oz., 10 oz. and 1 0z. rounds) I cull all of the nickels (worth over $0.05 a few years ago) and pre-1985 copper cents (worth over $0.02) and cash in the rest. If you can get pre-1964 dimes and quarters, good for you, but usually there is more dealer charge over "spot" than bullion.

    Ammunition is the "other" currency. Include buying a brick of .22 or other cartridge as part of your weekly grocery run.

    Chazz

    P.S. this site is helpful: http://www.coinflation.com/
     
  6. NevadaBlue

    NevadaBlue Graybeard Supporter Bushcraft Friend Bushclass I

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    I actually think ammo is a better currency than silver or copper or even gold. Most people won’t know enough to tell a silver dime from a steel dime. At least a lot of folks have 22 powered toys. And, it will keep as long as metals for all practical purposes.
    Silver is NOT an investment, as much as the TV talkers want you to think. Look at historical prices. It hasn’t really appreciated much at all for a LONG time. In fact, it lost value a few years ago and hasn’t recovered.
    Rice and beans are much more valuable, IMO. Spices, tobacco, matches, etc. Useful things that people can identify even without much brain power.
     
  7. Chazzle

    Chazzle Wandering Teacher Supporter

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    As an investment, I agree precious metals are not for making money. It is good for long-term approximate protection against inflation. Silver rounds I bought in 2008 is roughly worth the same now. $1.00 ten years ago takes $1.19 today to get the same product.

    If I want to gamble, I'd go to the local casino and put money into the nearest bandit (I don't). The stock market (and the COMEX) is a casino for wealthy people. I will invest in my pension, but have a backup plan, as well as build knowledge that is useful, like growing crops, soap-making, and marksmanship.

    Chazz

    P.S. fun websites: Inflation calculator https://data.bls.gov/cgi-bin/cpicalc.pl
    https://silverprice.org/silver-price-history.html
     
  8. NevadaBlue

    NevadaBlue Graybeard Supporter Bushcraft Friend Bushclass I

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    Another neat site to look at is coinflation.com

    I bought a $100 brick of nickels years ago. It is still used as a doorstop. Works great.

    Looks like the melt value of the nickels is about 80 bucks. Think the bank needs them back. Except, drilling one makes a nice washer, won’t corrode.
     
  9. Paulyseggs

    Paulyseggs Supporter Supporter

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    Personally if I was stocking for a world without order Id be grabbing pocket sized bottles of booze. 22lr. Sacks of rice .Sugar. Salt and tobacco .
     
  10. NJStricker

    NJStricker Supporter Supporter

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    I had a neighbor who was hoarding pennies. He was waiting for the US to have a penny shrortage, at which point he would sell them back to the government at a premium.

    He used to keep an eye on currency exchange rates too. One weekend he went to the bank and took out a couple thousand dollars in Canadian dollars. Then he conned his way onto a tour bus taking senior citizens to Toronto for the cheaper medication ( he didn’t pay a fare). He exchanged the Canadian currency back to dollars in Toronto and somehow made a few bucks.

    Last I heard he was in jail for investment brokering without a license.
     
  11. CaliforniaCanuck

    CaliforniaCanuck Guide

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    So he's in jail because he got caught.
     
  12. NJStricker

    NJStricker Supporter Supporter

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    He’s in jail because he gambled away $15,000 if somebody else’s money on junk bonds and the guy was a bit pissed about it.
     
  13. instructorzero

    instructorzero Tracker

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    Silver prices appreciated significantly (as in doubled) during the last recession. Anyone deep in silver who didn't cash out really missed a fantastic ROI.
     
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  14. Jean

    Jean Guide

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    I thought the copper round s were for California.
     
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  15. 1911srule

    1911srule Scout

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    Prior to 1981, our pennies were 90% copper. If you want copper, just save those in a jar. They might accumulate pretty fast...My FIL used to strip copper wire and fill 55 gl drums with it. That looked more productive.
     
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  16. Scrubs

    Scrubs Tracker

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    Silver can be a hedge against inflation and economic bad times or a for profit investment, but not both. To profit from silver you have to sell it when everyone else wants to buy it because it is safer and holding value better than cash; this might not be the best time to trade it for paper. If you are sure better times are just around the corner, you can sell for profit. If they are not...you will wish you hadn't.
     
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  17. Paul Foreman

    Paul Foreman Supporter Supporter

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    toilet paper is a better bet for value, in my opinion. what's mama gonna want more? a soft way to clean herself? bits of copper? ammo? pappy better trade for TP. yeah, yeah, it takes up a lot of room, but it will be a LUXURY real fast ...
     
  18. NJStricker

    NJStricker Supporter Supporter

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    In a post SHTF society if I needed cooper I’d start stripping wires before I’d start trading critical preps.
     
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  19. JohnP

    JohnP No more half measures Supporter Bushcraft Friend

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    A few years ago, before we moved here permanently and the house was a weekend place, thieves stripped my house of copper wire. Ripped out drywall, tore out the fuse box. They didn’t stop there, either, decided to grab the copper plumbing pipes, too. Major, major damage. In fact, the amount of damage done was far more than the copper was worth. Copper theft became such a problem that it is now a felony in Texas and there is no minimum amount. Stealing a penny, even though there isn’t much copper there, is a state felony.

    JohnP
     
    Last edited: Jul 26, 2018
  20. Gary V

    Gary V Tracker

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    Ditto. I would think the .22 LR would be a hot commodity. Keep a pocket full of .17 pellets for small change :)
     
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  21. Craig Brown

    Craig Brown Tracker

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    I wanting say it was late 70s/early 80s for some reason silver was popping off the charts I think like 70 or 80 a ounce. Anyways I was young then working 3rd shift at an all night grocery store. Some guy came in who looked strung out and bought like $30 worth of groceries all in pre-64 quarters. I put $30 of cash in the drawer and took the quarters. Sold them the next day at a pawn shop can’t remember now what I got but I remember being happy as it was more than the $30 I paid. My opinion without any detailed research is that periodically silver will really pop but it may just happen once in a life time.
     
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  22. drobs

    drobs Scout

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    When attending a wedding, instead of buying some crap from Bed Bath and Beyond, I used to give the bride a $100 bill and the groom a switch blade. Figuring they can use the $ as they see fit.

    I've since switched to giving a pair of 1 ounce silver eagles dated the year of the wedding. Gives the couple a memento that has some significance worth treasuring and value.
     
  23. Chazzle

    Chazzle Wandering Teacher Supporter

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    I was at a local gas station a few years ago, and I happened to notice a bunch of Eisenhower dollar coins in the last compartment of the cashier's till. I acted mildly interested when she showed me 3 Eisenhower dollars and 4 Peace Dollars. I offered to swap they dollars out for her, she seemed relieved that she didn't have to deal with them anymore.......At the time the Peace Dollars were worth about $15 or so in intrinsic value. I save the Eisenhower dollars as prizes for my students after a money lesson.

    On hindsight, I often wondered if someone had stolen these silver dollars from a collection and spent them for a couple of cigarillos, not knowing how much they were worth....I guess we'll never know!

    Chazz
     
  24. Pokey

    Pokey Tracker

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    We have been doing useful wedding presents for ever! A Pendleton Wool Blanket and a good quality kindling axe for the newlyweds. The old saying goes " If you have lead, you can get gold." Seems that a selection of extra ammo would go farther than other precious metals. The booze is a great idea, every time I but beer, I pick up a couple of pints and put them on the storage shelf.
     
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  25. blind & lost

    blind & lost Supporter Supporter Bushcraft Friend

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    I wouldn't bother with copper rounds. Junk silver, silver eagles, maple leafs, .22 ammo, salt, rice, beans, TP.
     
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  26. MAD Punty

    MAD Punty Tracker

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    I think that copper rounds, if not overpriced, aren't necessarily a bad thing to have, for the following, let's assume a currency collapse;

    1. Copper is good for small purchases. Maybe you just want to buy a couple of ears of corn, or some seeds. Copper would be a suitable value, moreso than silver or gold.

    2. Copper can be easily worked into tools. Pure copper is soft, and you can almost literally hammer it into something else if you need to...tools, cooking equipment, fish hooks, cups, lots of stuff. Copper rounds are a great source of pure copper.

    3. One of the lesser known old pioneer tricks to keep their water contaminent free, was to throw some silver and copper coins into the water. The interaction of the two metals and their magentic fields, created a minute electrical charge and infuse the water with copper and silver ions, that would bond to bacteria and kill it. The water being sloshed around in the barrel in the wagon train excited the process and kept the water clean. So, if you have a copper and a silver round, you can throw them in your water bottle or canteen and it will help keep your water purified.

    EDIT: Incidentally, you can do the same if you have a copper vessel and throw silver rounds into it, or a silver vessel and throw copper rounds into it.

    But, the copper and silver should be almost pure for it to work effectively. Pennies and stuff will not work. They are mostly zinc and don't produce the same magnetic field.

    ALSO.....you can put a magnet somewhere on or next to your water container and throw your copper round in the container, and that will work. What you are trying to achieve is two magnetic fields that are dynamic and moving, so that they create charge as the fields interact.

    EDIT 2: Ever throw coins in a "wishing well"? There's a reason for that tradition...clean water.
     
    Last edited: Aug 16, 2018 at 8:22 AM
  27. Wapitilo

    Wapitilo Tracker

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    Are you really going to trade away ammo that can be used against you? And yes, .22LR can be used against you. As far as precious metals go, not all situations are the same, so it never hurts to have some around. though I wouldn't bother with copper, silver is a safe bet. And though it is currently selling in the 15 dollar range, not long ago it went for 48. There is a very good chance it will go up again though maybe not to 50. The possibility makes having some bullion worthwhile.
     
    Last edited: Aug 17, 2018 at 8:12 AM
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  28. highlander

    highlander Supporter Supporter

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    Every pay day (few and far between right now) I buy at least 200 rounds of ammo and silver bullion. When this new job finally gets me hired (hopefully soon, slow HR), I will continue doing the same stashing back extra every check to invest in gold.
    I have always heard coin silver is best for bad times because the price will never go lower than face value of the coin.
    I also subscribe to the ammo is worth more than gold, silver, platinum, etc. school of thought.
    TP would also be a cheap but useful, albeit large and bulky to store. I know this sounds odd coming from a guy, but female hygiene products in a bad situation would be worth their weight in gold...
     
  29. WY_Not

    WY_Not Supporter Supporter

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    Gold and silver I can see having some of as rounds or Eagles simply as a store of wealth and intrinsic value.

    Copper, I think If I was to store some for the above reason would be as electrical wire. Would also be useable as is, aka wire.
     
  30. Hawkcreek

    Hawkcreek Supporter Supporter Bushclass I

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    I like to barter as much as the next ranch kid but I'm not sure I'd "sell" anything for a copper round. Wire... maybe, it would depend on what I was giving up and how much I needed wire I suppose. Pipe I probably would as it could be plumbed in to a water system to purify. But I think "coin" would have to be real money. Honestly I never gave it much thought before this thread.
     
  31. arleigh

    arleigh Guide

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    In Venezuela people aren't stealing copper they are stealing food and medicinal drugs .
    People that don't need food or drugs can collect other things valued to them in HOPE that some sort of economy will recover. not that it will.
    I value silver for making colloidal silver , this does not require a lot but the ability to sell the tools for making it would have significant influence .
    I don't value gold because it is too easily falsified .you must maintain the means to prove it . If you don't have the means to prove it how will you make exchange ??
    The same with any metal .
    Steal and tin and other metals I can build and repair things.
    I have a reserve of plastics for making those repairs .
    Solvants, oils, epoxy, resin, the list goes on for things that are required for making/repairing the things we have learned to depend on put back together .
    If you have no reserve for your lights ,what happens when they all burn out ?
    The guy with the more advanced equipment , will be ahead of those that don't, for as long as it lasts .
    Security cameras are way ahead of having to put a man standing guard .
    A shot gun is no defense against a sniper at 500 yards.

    I digress ,
    During the dark ages when village was taken ,every one was killed but the black smith and his family because his family held the valued skill.
    if you have no/few skills that is of value post SHTF you are of no use to any one except cannon fodder.
    I save copper wire for both function and trade ,but I believe it is worth more as wire than bullion.
     
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