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 Replies: 17 / Views: 4,053 |
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New Member
Canada
48 Posts |
Hi all,
I was just wondering what you do with your nickels from '82-'99. Do you hold onto them even though they aren't .999 nickel? Is there really any point in holding onto them from a pure melt value standpoint? What about with '68-'99 dimes? Is there a point in holding these or is it not worth tieing up cash in rolls of these?
Lastly, with pre '82 nickels, what are you guys generally doing with these? Selling rolls for melt? Holding long term anticipating an appreciation in nickel value?
Thanks!
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Pillar of the Community
Canada
987 Posts |
I buy bank rolls of nickels and pull the pre-82s. Right now I am just stockpiling them until the spot price of nickel goes up higher. I roll the rest back up and return them to the bank. Even though there is a slight intrinsic value to the post 82 nickels I personally don't think it is enough to save them. As far as the pure nickel 10 cent pieces, the price of nickel would have to go up considerably for them to be worth saving and the same for 25 cent pieces. Better to save pre- 97 cents that are 95% copper. You can double your money on them with the current price of copper if you can find a buyer. As soon as they are demonetized it will then be legal to melt them.
Edited by Peter4805
03/14/2012 01:44 am
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Pillar of the Community
Canada
3692 Posts |
lol, melt them into what, exactly?
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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 $9.60 a pound. It 100 nickels for a pound. The intresic value is 9.6¢ per nickel. I buy bank rolls and extract all the pre-1982 nickels and pilled them up. If ever inflation goes wild maybe those nickels would have value in transaction.
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New Member
 Canada
48 Posts |
People do buy and sell rolls of pre 82 nickels on ebay, no? Assuming that in the long-term, the price of nickel goes up, I presume people will continue to be able to sell these nickels for melt value? |
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Pillar of the Community
Canada
610 Posts |
I don't see any point in keeping these"cupro-nickles'
They are 1/4-nickel & 3/4 copper.
Only the pre '82's are 100% nickel.
Edited by collectall
03/17/2012 1:45 pm
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Pillar of the Community
 Canada
9866 Posts |
Certain nickel compounds are known to be carcinogenic,nickel was named allergen of the year in 2008.The way things go in our society you may well have to call in a hazmat team to dispose of your nickels.
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Valued Member
Canada
111 Posts |
The intresic value today of cupro-nickel 5¢ is today: (25% X 9.6)/100= 2.304¢ + (75% X 3.8)/100= 2.85¢ for a total of 5.15¢. 9.6 is the spot price of nickel; 9.60$/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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Replies: 17 / Views: 4,053 |
Posted 03/15/2012 8:25 pm
