Letter: Copper 1-Ounce .999 Fine Rounds
JWR, One of the catalogs that I receive has been listing .999 copper rounds (1 1/2″ dia) for sale. All have designs cast into them, with some borrowing classic currency designs like the Morgan and Walking Liberty dollars, and others are more commemorative or political in nature. Are these worth purchasing as a medium of exchange along with the more widely known and accepted silver dollars and rounds? – T.S.G. JWR Replies: In my estimation those are just a sort of lame collector’s coin, with only marginal resale value. You would be paying up to 10 times the spot value …