Nickle Coins. - Page 2 - Coin Community Forum

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Author	Replies: 21 / Views: 3,826	Page: of 2

Alexer Pillar of the Community Canada 2632 Posts	Posted 03/24/2015 6:05 pm Here's a nickel calculator http://coinapps.com/nickel/scrap/calculator/ It would take about 96 nickels to make 1-lb which is worth just over $6 U.S. 96 nickels is $4.80 Can If the price of nickel continues going up then hoarding them (if you have the space) could very well end up worth it but unless the law is changed you would have to melt them undercover. Report this Post to the Staff
Fixguy Pillar of the Community Canada 532 Posts	Posted 03/24/2015 9:56 pm The Currency Act and The Canadian Criminal Code state that no person shall melt down, break up or use otherwise than as currency any coin that is legal tender in Canada.It doesn't say much about other Nations or how it would be enforced. Technically speaking if you had a crucible furnace and an ingot mold who would know the difference? I think the incentive is keeping the coin in the best condition possible and hopefully either selling it for a profit or keeping it to hand down. Report this Post to the Staff
Alexer Pillar of the Community Canada 2632 Posts	Posted 03/24/2015 11:07 pm I would venture to say that if there is money to be made someones making it, if you think the mint is the only ones melting down coins your probably wrong. The thing is once melted there is no proof and if you do this sort of thing your certainly not going to talk about it either. added I cant see melting coins from other countries being illegal here..why would it..but maybe Edited by Alexer 03/24/2015 11:10 pm Report this Post to the Staff
Fixguy Pillar of the Community Canada 532 Posts	Posted 03/25/2015 5:59 pm Good Point Pennyman007. Unless there's an international treaty you could sell them south of the border and vice-versa. I can see it happening. Report this Post to the Staff
1cent Pillar of the Community Canada 1051 Posts	Posted 03/26/2015 7:05 pm Millions of silver Canadian coins have hit the melting pot in the past, I guarantee it. I'd hold on to your nickel coins if you can. Report this Post to the Staff
1cent Pillar of the Community Canada 1051 Posts	Posted 03/26/2015 7:09 pm pennyman007 - the pre-82 nickels are exactly 4.54g of nickel. One hundred of them weighs 454 grams, or exactly one pound. Not sure where you got 96 from. Exactly $5 face is one pound, makes calculations easy. Report this Post to the Staff
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