From miwilds link:
the term "Mein lieber Freund und Kupferstecher" originally is a quote from letters of the poet
Friedrich Rückert to a friend and meant in a friendly way.
But the meaning changed when people forgot about the origins of the term. As a copper-plate engraver is needed to forge paper money, calling someone a "Kupferstecher" is nowadays often meant in an ironic way. Most germans probably dont even know this and simply use the term as a joke.
Personally I have heard the term only used in connection with some kind of reprimand or warning.