I did some math if any one spots errors let me know cause I am doing this for knowledge
Lets use the copper rounds as the test subject , The idea behind the CU round is - value to occur based on hyperinflation , governmental collapse , devalued USA mint coins , causing people to use 1 oz coins as barter or sell off as bullion .
So lets see the reality As copper spot price will still be the driving force to non government coin value ( just like silver rounds )
currently via the INTERNET people are buying copper rounds from $1 to $3 & I have seen $4 In general the true going rate is $1 per once or per coin
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It takes 9 Copper pennies to equal 1 oz or .9 cents face value with a melt value .20 cents from a spot copper price @ $3.3755 / pound
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So lets be realistic what will copper spot price have to be to just get even if you purchased CU rounds @ $1 per 1 oz coin
1) @ $1 per oz coin = copper will have to be in the area of $1.06 per once = CU @ $17.00 per pound
2) @ $2 per oz coin = copper will have to be in the area of $2.12 per once = CU @ $34.00 per pound
3) YOU GET THE IDEA - So never say never as to future metal prices but for sure copper hitting $17 a pound
gonna take some time
Clearly I do want some copper rounds but, I see only if I can get them at a low cost . I used a spread sheet
I feel a 1 oz copper round is worth .11 because of the minting effort and pure copper content
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IMO - Conclusion paying $1 or less even I think copper spot some day could do it but we will be in such a hyperinflation AND this where I'd like some input from others with more knowledge. I don't really see the copper rounds as the best investment as we need a big jump in copper spot It will be a unprecedented event when copper jumps like that , yet It can't hurt to have some CU rounds around just in case.
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