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Pillar of the Community
United States
2273 Posts |
quote:
That's correct. But even if it was legal, It would be to costly to extract the metals out of the nickels. Someone tell me when the metallic value in nickels is worth 180% of face or more. -PP
The metal doesn't need to be extracted or separated. The coins are 25% nickel and 75% copper which makes them the exact ratio for most stainless steel. They would make excellent alloy but small measureable also makes them good for chill scrap. Modern coins from all over the world see extensive use in stainless and other alloys. Many coins have become quite scarce for this reason. Time don't fly, it bounds and leaps.
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Valued Member
United States
486 Posts |
In order for scrap yards and smelting companies to make profit they must buy base metals at wholesale prices. Meaning you would probably get less money than what you bought the nickels for at face value. -PP
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Pillar of the Community
United States
2273 Posts |
If all the current trends continue in 100 years there will be almost no last half of the 20th century coins in poundage (mixed world coins). Mostly it will be 19th century and whatever is made in the future. Of course there will be lots of 1901-1950 coins as well and 1950-'64 US coins. Of course in this case it's improbable current trends will continue. Not only are collectors finally setting aside some of these coins but there are increasing numbers of collectors. People are starting to realize how scarce many of these are which means much higher prices and the coins are being protected increasingly well. It's a safe bet that US cents and nickels will be withdrawn and destroyed within a few years. Time don't fly, it bounds and leaps.
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Valued Member
United States
486 Posts |
The value of the metals in a nickel is interesting. But its not truly profitable yet. -PP
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Pillar of the Community
 United States
656 Posts |
The Price of Nickel is on a rise.
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Pillar of the Community
United States
2224 Posts |
I pull all of the pre 82 canada nickels that I find searching nickel rolls; I have found about 15 or so of them. I read somewhere on the net about a person that claims to have a quarter million dollars in nickels stashed away, waiting for the time that they are legal to melt
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Pillar of the Community
United States
656 Posts |
 . He should of done that in Copper Pennies. any links.  Edited by 1337
04/27/2008 5:56 pm
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Pillar of the Community
United States
810 Posts |
coppernickeldaddy wrote I read somewhere on the net about a person that claims to have a quarter million dollars in nickels stashed away, waiting for the time that they are legal to melt I hate people like that it really urks me. The purpose of collecting coins is the uniqueness of the coin itself not to destroy them so some idiots can make a few bucks. I'm gonna have nightmares now dreaming of the government melting all those nickels.  |
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Valued Member
United States
177 Posts |
I'll probably do like I did back in the late 60's with silver, wait until they're practically all gone before I start hoarding any.
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Valued Member
United States
486 Posts |
One box is up 30 cents in 24 hours. Total melt value is $138.61. -PP
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Pillar of the Community
United States
656 Posts |
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Pillar of the Community
United States
543 Posts |
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Pillar of the Community
United States
749 Posts |
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Pillar of the Community
United States
1208 Posts |
When I was younger, I kept every penny I got.
I couldn't afford to keep every nickel or higher...
Just the 'special' ones.
Nowadays, I can afford to keep every copper penny I get,
and for giggles, every nickel I get. I have wised up and
don't keep zincs anymore, unless one catches my attention
with some sort of "eye appeal".
I can sit on coins worth .07 each, at a cost of
.05 each, or I can hoard little dollar coins and
sit on .07 each at the cost of 1.00 each!
Even quarters are worth .07 each!
I'll sit on the nickels...
Edit:
I need to clarify.
I DO NOT hoard change by buying it up!
I just empty my pockets in the evening and sort
the coins into buckets... keepers and circulators.
Just to make it clear that I don't go out and buy
rolls of nickels for keeping! I probably have 15-20
bux in nickels hoarded, and this hoard is about 5 years
old...
Edited by ratio411
04/28/2008 11:13 pm
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Valued Member
United States
486 Posts |
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Replies: 17 / Views: 2,691 |
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Posted 04/27/2008 5:39 pm
