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 Replies: 25 / Views: 5,491 |
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Pillar of the Community
Canada
862 Posts |
Is nickel very important in weapons? I thought copper and steel were more useful?
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Pillar of the Community
United States
3789 Posts |
@Libertad-
really its simple.. supply and demand. anyone else who says otherwise is going to be wrong. sure you will hear about this blah blah and how its being used for that la la la, but in reality no one really is exactly sure why.
therefore, there is more demand than there is supply of nickel right now.
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Pillar of the Community
United States
3789 Posts |
... and as I had thought, because of the rapid and parabolic move in nickel, we would get our pull back.
Nothing really abnormal.. in fact its healthy and will let us gauge how strong demand is as it pulls back.
do not be in a hurry to dump your nickel.
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Pillar of the Community
United States
2168 Posts |
As many have been doing - just holding on to nickels. Back a couple yrs. ago a nickel had almost double face in metal value. I remember Kyle Bass investing in 1 million dollars in nickels.
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Pillar of the Community
United States
3789 Posts |
still in an uptrend here... however past few weeks the bounces have been really anemic. if nickel can hold around here and just chop and go sideways that would be great....
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Pillar of the Community
United States
4883 Posts |
Going slightly off-topic, when I was a youngster, it wasn't at all unusual to receive Canadian "pennies" and "nickels" in change, albeit a lot more of the former than the latter. Like most kids did with anything out of the ordinary, they got set aside and saved. All these years later, they're nothing special or particularly valuable, and some are brass or plated steel instead of nickel, but they're a reminder of when coin collecting was a much simpler and (at least for kids), noncommercial pastime.  Colligo ergo sum
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Pillar of the Community
United States
3789 Posts |
So, I couldnt find any other threads about nickel and I had commented here.
In any case, after consolidation in its uptrend, with pull backs and bouncing around for several months, looks like nickel is getting ready to break out again to highs...
keep an eye here.... the uptrend looks good for higher prices down the road...
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Bedrock of the Community
United States
10045 Posts |
Is nickel very important in weapons? I've read it's one reason nickel was replaced with silver in US wartime 5c. The nickel was needed for barrels on larger guns. |
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Pillar of the Community
798 Posts |
If you are going to melt your nickels or what ever I cant stand the people who know nothing about coins and go and get them melted for nickel value when there could of been like a 1951 high relief or a 1937 or 8 nickel, its just sad and that's what happened with pennies, when they got melted there were ones in the loads of them that just didn't belong being melted like any penny under 1940 or some rare dates or some extremely hard to find errors there gone, gone for ever.  I would never get my nickels melted for metal value and if I did I would thoroughly look through them first. I hope the American's on here are ok with Canadians melting there wheat pennies they could be collecting all those rare dates. <<<---its stuff like all that that keeps me up at night.  anyway it looks like nickel is the next silver.  |
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Pillar of the Community
Canada
3692 Posts |
I'm surprised that coins from thousands of years ago still survive. There's hope. Somebody somewhere will appreciate these little discs, and imagine what kind of weird key dates will be the norm in the future.
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Pillar of the Community
United States
3789 Posts |
Nickel is not looking hot anymore. an important area in price has been tested and broken. I would expect a bounce but I would be cautious on this metal going forward.
Doesn't mean the uptrend is broken yet, but this sort of price action isn't very convincing now that it has resolved its resolution lower.
be careful out there!
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Bedrock of the Community
United States
11951 Posts |
I have been slowly putting away Canadian coins, as a collector. Sometimes I pass on coins in bulk, because I already have them. So for reference. How many Canadian nickels does it take to make a pound? Not that I plan on melting them, just to know. What site is best for checking out the price of nickel? I wonder if in the future, will nickel coins trade like 90% silver? (Canada 80%) LCS's here will buy War Nickels for the silver, but they don't take them to be melted. Edit ... what year Canadian nickels are the high nickel content ones. Edited by GR58
09/28/2014 10:48 pm
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New Member
Canada
10 Posts |
Conveniently it takes exactly 100 Canadian nickels to make a pound. The high nickel content years are 1981 and earlier.
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Pillar of the Community
United States
3789 Posts |
just be very careful with Nickel going forward... it was in a nice beautiful uptrend in terms of price and now its broken lower decisively...
check out the London metal exchange for price updates and info on nickel
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Bedrock of the Community
United States
11951 Posts |
Thanks for the information.
I have passed up opportunities to purchase Canadian coins at below
face. Now I have a reason .. to make the buys.
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Replies: 25 / Views: 5,491 |
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First Page
Posted 05/15/2014 12:58 pm
