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 Replies: 17 / Views: 4,057 |
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Moderator
 Canada
10463 Posts |
While it is one thing to melt silver and copper, they both have relatively low melting temperatures that you can even melt yourself with a mini furnace (roughly 960 C and just under 1100 C for silver and copper, respectively). Check this out: http://www.ebay.com/itm/10-Oz-310-G...330700454109But, it takes a bloody foundry or smelter to melt nickel (upwards of 1450 C) so I am not sure what the heck a nickel buyer would do with rolls of Canadian 5-cent coins. The amount of energy required to rework nickel would mean someone would need a heck of a lot of it, to be profitable...  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
Edited by SPP-Ottawa
03/16/2012 12:46 am
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Pillar of the Community
Canada
1700 Posts |
I just pull the pre-82`s out, which worth 8 cents each.
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Moderator
Canada
10463 Posts |
Are you referring to intrinsic value? Or does someone actual pay you eight cents per coin?
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
111 Posts |
The actual price for nickel is 19,20K USD, so it would be $9.60 a pound. It 100 nickels for a pound. The intresic value is 9.6¢ per nickel. I buy bank rolls and extract all the pre-1982 nickels and pilled them up. If ever inflation goes wild maybe those nickels would have value in transaction.
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New Member
 Canada
48 Posts |
People do buy and sell rolls of pre 82 nickels on ebay, no? Assuming that in the long-term, the price of nickel goes up, I presume people will continue to be able to sell these nickels for melt value? |
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Pillar of the Community
Canada
610 Posts |
I don't see any point in keeping these"cupro-nickles'
They are 1/4-nickel & 3/4 copper.
Only the pre '82's are 100% nickel.
Edited by collectall
03/17/2012 1:45 pm
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Pillar of the Community
 Canada
9868 Posts |
Certain nickel compounds are known to be carcinogenic,nickel was named allergen of the year in 2008.The way things go in our society you may well have to call in a hazmat team to dispose of your nickels.
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Valued Member
Canada
111 Posts |
The intresic value today of cupro-nickel 5¢ is today: (25% X 9.6)/100= 2.304¢ + (75% X 3.8)/100= 2.85¢ for a total of 5.15¢. 9.6 is the spot price of nickel; 9.60$/pound and 3.8 is the spot price of copper; 3.80$/pound.
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Rest in Peace
United States
9104 Posts |
 , pimpim! I don't understand your math. Are you saying there are 100 nickels to the #? |
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Valued Member
Canada
111 Posts |
Yes Biggfredd, every nickel weighs 4,54gr wich is 1/100th of a pound. As long that nickel is over $5 a pound the intresic value is more than the face value. Today nickel is at $9.38 a pound. Back in May 2007 nickel reached $27 a pound but drop to $4.40 in October 2008 during thee financial turmoil. And thanks for the welcome.
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Pillar of the Community
Canada
1723 Posts |
I have started saving the pre 82 nickels and the 82-99. They are in different piles but I'm going to start. If deflation ramps up or inflation ramps up.... you are covered either way.
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Previously Ousted
Canada
398 Posts |
spend them......you get at least 5 cent worth for it...
and, is it really worth to store, keep, handle.. etc?
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Valued Member
Canada
111 Posts |
In a way I agree with you, coingirl. But what can you get with a nickel today, not much. I prefer to keep them mainly for the stories I can tell to my grandchild eventually. And if nickel value, let's say, grows tenfold, the bread will increase tenfold as well. I don't think there is a big deal to hoard huge amount.
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Valued Member
Canada
278 Posts |
I do not go out of my way to roll search or the like, but if I do come across a pre-82 I keep it.
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Valued Member
Canada
223 Posts |
I've got about $100 sitting in a closet most found roll searching.. They don't harm me any sitting there, if it goes up it may be worth it if not they are still worth 5 cents...
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Posted 03/15/2012 11:02 pm
