I'm wondering, outside of collecting nickels, and pre 1982 copper pennies, if purchasing copper ounce liberty coins? They are still fairly cheap and wondering if it will go up. We have so many issues with economy, and when silver hits a price too high for average folks to buy, I was thinking copper will be the next metal to go up.
What we have to remember is these copper pennies are still in circulation, and before the fiat currency inflated the value of a copper penny could buy you a coke at a gas station with one or two of them. This is serious inflation. Oh and that doesn't include bottle deposits which made them a few pennies more.
So that being said, a long time ago when manufacturing was not as high tech, a case of bottled coke would cost about 25-50 cents and that probably included deposit on bottles if returned. It to me makes sense this value would return somewhat to the metal.
Sure we have mined more, but we have also used more up, and now we globally use metals unlike just western nation for most part back before WW2 era.
Right now can get about 20 ounce copper coins for 35 bucks, so my question is this a good deal?