How to Sell Copper Pennies
We get many inquiries and requests for information on how to sell copper pennies. What we will not do is give away our operational procedures. What we will do is give bits and pieces of advice that may help you decide if selling copper pennies is right for you.
After all, how to do something first stems from if you should do something.
Ever heard of ‘Location, Location, Location’ in terms of real estate? For copper pennies, it is:
‘Price, Price, Price’
If you aren’t sure about pricing, it may be very advantageous to search copper penny auctions and pricing via Ebay. Here is a link to a page on our site with listings which will open a new window in your browser:
Ebay Copper Penny Auctions
Now that you have an idea of pricing possibilities, you simply have to note and accept the following:
Copper pennies are simply not a flat rate. The pricing is sporadic from lows and highs that can yield vast benefits to buyers and sellers if the timing is correct in their favor. Yes, in general, prices are on the rise, however, just like in the metals industry, the price will change with market supply and demand fluctuations.
As a seller, it is critical to remember how pricing and turnover work. Just like in a normal market situation, a seller can simply hold onto their product to wait for higher pricing during fluctuations in pricing. Though this means that the seller is also holding the risk of an opportunity cost loss to already have sold the copper pennies at a lower price to sell more quickly for faster turnover.
This all probably seems quite obvious. But it’s easy to get wrapped up in the idea of something without careful consideration to the risk. Getting involved in selling copper pennies means careful consideration to risk versus reward as far as sell quickly lower price vs seller slower higher price.
The decision is ultimately up to you. Just remember that the last person standing with copper pennies when the penny is eventually eliminated will be the one to gain the most benefit. If your profits now offset that risk of holding for later, sell sell sell. If your ability to sell is not yielding the profits you desire, it may be time to consider holding for a longer time.
Finding yourself torn between selling or holding copper pennies? When in doubt, do both! There’s absolutely no harm (in fact, it’s quite brilliant) to sell copper pennies and convert your profits into holdings.
Where can you sell copper at
Copper is used to make several different things such as, coins, boat bottoms, parts of guns, watches, clocks and even parts of musical instruments..
In your body, copper is an essential component of many enzymes. Each of the copper-containing enzymes has a distinct function, indicating that copper …plays a role in a wide range of physiological processes. Copper can:.
Help your body use iron : Copper works together with iron in the formation of hemoglobin and red blood cells. Approximately 90% of the copper in your blood is incorporated into a transport protein called ceruloplasmin, which carries copper to tissues that need it. In addition, ceruloplasmin also acts as an enzyme, catalyzing the oxidation of minerals, especially iron, which enables iron to be bound to its transport protein (called transferrin) so that it can be carried to tissues that need it. Because your body needs copper to use iron, anemia may be a symptom of copper deficiency. .
Reduce tissue damage caused by free radicals : Superoxide dismutase (SOD) is a copper-dependent enzyme that catalyzes the removal of superoxide radicals from the body. Your body generates superoxide radicals during normal metabolism, as well as when white blood cells attack invading bacteria and viruses (a process called phagocytosis). If not eliminated quickly, superoxide radicals can damage cell membranes. When copper is not present in sufficient quantities, the activity of superoxide dismutase is diminished, and the damage to cell membranes caused by superoxide radicals is increased. When functioning in this enzyme, copper works together with the mineral zinc, and it is actually the ratio of copper to zinc, rather than the amount of either mineral alone, that helps the enzyme function properly. .
Maintain the health of your bones and connective tissues : Copper reduces some of the pain and swelling of rheumatoid arthritis because it is important in a number of anti-inflammatory and antioxidant enzymes. In addition, copper is a component of lysyl oxidase, an enzyme that helps synthesize collagen and elastin, the substances that provide structure, strength, and elasticity in blood vessels, bones, and joints. .
Help your body produce the pigment called melanin : Tyrosinase, a copper-containing enzyme, converts tyrosine to melanin, which is the pigment that gives hair and skin its color. .
Keep your thyroid gland functioning normally : Copper is also important for the production of the thyroid hormone called thyroxine. .
Preserve the myelin sheath that surrounds and protects your nerves : Copper is necessary for the synthesis of phospholipids for myelin sheaths that cover and protect nerves. .
Promote energy production : As a part of the enzyme cytochrome c oxidase, copper helps your mitochondria produce energy. .
Regulate mood : Dopamine is important in the regulation of your mood, and is involved in pleasure, delusions, psychosis, and drug abuse. As a part of the enzyme dopamine Î²-hydroxylase (DBH), copper plays a role in the conversion of dopamine to norepinephrine. When released, norepinephrine has an impact on the «fight-or-flight» response, which is your body’s biological response to stress. In addition, norepinephrine is also involved in pain, cognition, mood, emotions, movement and blood pressure. . (MORE)
Copper Prices — Live Copper Price Chart, Forecast & Analysis
Copper is one of the most widely used metals on earth and plays a vital part in everyday life, with uses ranging from electrical wiring to fertilizer. The price of copper is believed to provide a reliable measure of economic health, as changes to copper prices can suggest global growth or an upcoming recession. This link between the global economy and copper prices makes the metal a popular choice among traders who want to speculate on sectors. Copper price charts can be used to assess the sentiment of other financial markets, like the stock market.
What Drives Copper Prices?
The price of copper is influenced by a range of factors, but like all commodities it is primarily driven by supply and demand.
On the supply side, key players include the largest copper-producing countries — Chile, China, Peru, the US and Congo — as well as shipping companies and other parties in the distribution chain. Copper prices can be impacted by geopolitical and natural events that slow down mining output, such as workers’ strikes and earthquakes.
On the demand side are net importing countries, who import more copper (or other goods and services) than they export. Over the past 100 years the demand for copper has risen by almost 20 times, as developing nations use it to expand their infrastructures and boost their economies.
Additionally, the price of copper is linked to domestic housing markets, as the home-building industry uses vast amounts of the metal. This means that factors with an impact on the housing market often affect copper prices, such as non-farm payrolls, mortgage rates and GDP.
Lastly, the substitution of alternative metals can also impact the copper price. If the price of copper rises too much, buyers will seek cheaper alternatives and demand will go down. For example, in the mid-2000s, the rising price of copper led to advancements in the use of aluminum for wiring and automobile production.
History of Copper
Copper has been mined and used by humans for at least 10,000 years — dating back as far as the Bronze Age, when it was the first metal ever smelted. At this point in history, when the commercial trading system was based on bartering, copper’s value was measured against that of food, wine, livestock and alternative metals.
Copper has been used alongside gold and silver to make coins since the Roman era, but copper’s low value meant it was never considered a monetary standard.
Fast-forward to the 20th century — copper is being used all over the world in a wide range of sectors, such as construction, agriculture and transport. As a result, the copper price has become increasingly linked to its industrial applications in wiring, electronics and manufacturing.
Why Trade Copper?
Like gold and silver, copper is popular among traders and has a variety of uses. But unlike those precious metals, copper is a base metal which is common and easy to find. So, while gold and silver have inherent value, copper’s price is tied to its utility.
Copper price can be viewed as a measure of economic health which is why copper has earned a reputation of having a Ph.D. in economics, and the nickname «Doctor Copper». Therefore, traders have the opportunity to take a position on copper based on their view of world growth and GDP. But speculating on the price of copper comes with risk as well, as if the economy goes into a slowdown the market would suffer. Commodity traders also need to consider that, like all metals, copper supplies are finite — it is believed the world reserves could be depleted in the next 60-70 years.
For the latest copper news, visit our market news and trading strategies articles below.
Copper Scrap Price | Copper Price Per Pound
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The copper price per pound fluctuates as all metals do depending on several factors. From supply and demand, cost of energy, market price, and quantity available – the price can change not only day to day, but hour to hour.
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Did you know:
- Copper is a non-renewable resource.
- When copper and other minerals used in electronics are left in landfills, they can seep into the soil and cause groundwater pollution.
- Recycled copper has 90 percent of the value of newly-made copper.
- Recycling copper is 15 percent more affordable and less resource-intensive than mining and extracting new copper.
- Copper wire recycling brings down the cost of consumer goods, such as electronics.
We do not want good copper to go to waste. At Capital Scrap Metal, we offer our copper recycling customers our “highest prices paid guarantee” for their copper scrap. We will meet and beat any of our competitors’ prices in the Sunshine State, GUARANTEED*.
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Buy Gold, Sell Copper
Metals are becoming more and more interesting to watch in recent times, especially from an investment standpoint. While gold and silver have been in the news as of late, now copper is being talked about for the first time in a while.
According to Bloomberg, copper prices have been heading towards the second monthly loss in a row, which puts the metal at its lowest point since the end of 2011. This comes at a time in which gold has actually been climbing for the longest time in six months.
Analysts believe the efforts of Cyprus to prevent the collapse of the nation’s economy has had a significant impact on the current interest in gold, although this is not the only factor at play.
Copper is an industrial metal and is mostly used in applications such as tubing and wiring. One of the major reasons hedge funds have shorted copper and instead shown interest in gold is there is currently a rather large surplus of copper, with approximately 5 months of North American demand simply waiting in the wings.
The London Stock Exchange is currently sitting on 565,350 tons of copper, according to Bloomberg, which accounts for a 77% jump in just the past year. A second annual surplus has been forecast by Barclays Plc.
A European hedge fund known as Marshall Wace has revealed a short position of .5% against copper, according to Value Walk.
Odey Asset Management has also listed a short on Kazakhmys plc (LON:KAZ) (HKG:0847), which is a copper mining and production company. These shorts may not seem entirely significant, but they show a growing trend against copper, moving gold back into bearish territory.
The bullish approach to gold comes at an interesting time. Until recently, investment analysts had a bearish approach to gold based upon a number of factors. For one, the price of gold has been decreasing as of late, which has caused many analysts to wonder whether or not the commodity is likely to see a good year in 2013.
In addition to this, speculation over whether or not gold price fixings have been manipulated in recent times has jumped into the public eye. After the Libor Scandal, UK banks (which have a major influence over the daily pricing of gold) have come under fire for their participation in the manipulation, and many are concerned that this may also be happening to the pricing of gold at the moment.
Gold is not the only commodity that has been given a bullish approach as of late. Corn has seen an increase in interest, which comes as a result of the fact that some are worried the grain is in short supply and may continue to be for a period of time.
Natural gas has also seen an increase, most likely a result of cold weather in the U.S.
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The demand for gold, however, came mostly as a result of Cyprus’ possible financial collapse, something that the island is desperately trying to keep from happening.
Copper is being affected in a number of negative ways at the moment, which is one of the main reasons hedge funds are taking a bearish approach to the metal. On top of the fact that there is currently an overwhelming stockpile of copper available, interest from China has decreased as of late.
Because China is one of the world’s most industrious countries, a decrease in copper interest actually had a dramatic impact on the metal’s ability to succeed in the market.
Another issue comes as a result of of Europe’s debt crisis. Since the continent accounts for approximately 18% of the world’s copper production, fears that Europe’s debt crisis could have a negative impact on global growth have put the metal in an even worse light.
As it stands right now, predictions regarding copper and gold are on-point with what is currently happening. Gold is seeing more and more interest as an investment tool, while copper stockpiles continue to increase at the same time as a decrease in interest.
Whether or not hedge funds are right about where copper goes will be seen over the course of the next year or so, although precious metals will be more than worth watching for some time after that.
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