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 Replies: 46 / Views: 5,396 |
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Pillar of the Community
Canada
1700 Posts |
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Valued Member
 United States
306 Posts |
Hi,
Current price for nickel is $7.60 per pound if I'm reading the chart correctly from KitCo. There are a little more than 14 troy ounces per pound. Sounds a bit over priced.
Nickel maybe a good investment, but not a precious metal. Sort of like copper, but not as shiny.
Terrell
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Pillar of the Community
United States
3755 Posts |
Thats priced as a collectible. Not sure why you would think counterfeit though.
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Pillar of the Community
 Canada
1700 Posts |
All right. Once I bought a Bushnell binocular, and it was counterfeit! A Binocular! This is a metal bar, and there's no way to tell real or fake by just looking. I am not an essayer. Also, I learned that the CMC Mint has really bad reputation http://www.mywot.com/en/scorecard/cmcmint.comDo any of you here know about CMC Mint? All I liked about the bar was the design. |
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Pillar of the Community
Canada
1700 Posts |
Any popular mints that produce nickel bars?
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Bedrock of the Community
Australia
21788 Posts |
Pound or kilo bars should be the way to buy this stuff, not ounces.
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Pillar of the Community
Canada
1700 Posts |
Kilo is in the metric system. When you say pound, it is closely related to ounze, being members of the imperial system.
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Pillar of the Community
United States
3755 Posts |
As I saw no comments at all, nothing there to tell me what problem there was. Regardless, the seller is a high rated seller, and since ebay has decided to rape all its sellers, you can buy anything there and you have NOTHING to worry about. You could get the bar, keep it, file a claim and get the money for it and nothing the seller could do. Anyway, yes, I beieve someone would fake a set of Bushnells. That is a high end item. No different than knock off Coach bags or Gucci shoes. However, I dont see a one ounce bar of nickel as being an item that would be counterfeited. Long and short of it, iffin you like it, get it. Wouldnt be a good investment, but it IS a neat piece. |
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Pillar of the Community
United States
2295 Posts |
It is pretty interesting that someone is selling bars of nickel. I have seen copper, so why not nickel?
It looks like a reputable company, so it is probably legit.
They sell many different kinds of metals. Pretty interesting.
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Bedrock of the Community
United States
20753 Posts |
Quote:
All right. Once I bought a Bushnell binocular, and it was counterfeit! A Binocular! But do they work? If a fake but works, then so what for binoculars. If that metal bar is a fake, again, so what? If you like it for the design, not for a possible precious metal, go for it. If fake and as long as you aren't selling it, might be a nice discussion piece. I wouldn't buy it for an investment but as a novelty, why not. |
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Bedrock of the Community
United States
17884 Posts |
It is probably real. After all why bother faking it. They are selling it for $8.31 and it contains $0.52 worth of nickel.
I love them calling it a hedge against inflation.
By the way if you take your $8.30 to the bank and get nickels with it you will have 6 2/3 troy oz of nickel, and 20 try oz of copper.
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Pillar of the Community
United States
2295 Posts |
Wow! That is a huge rip off on what they are selling then.
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Pillar of the Community
Canada
3692 Posts |
Why is nickel being sold by the ounce? It's a base metal! Wow.... People are taking this copper/nickel collecting way too seriously and others are just cashing in on it.
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Pillar of the Community
United States
4132 Posts |
I can acquire a hunk of scrap nickel, saw off one ounce pieces and sell them for eight dollars on ebay. Are they fake? No, they're genuine, one ounce slabs of nickel. Does that make them collectible, fairly priced, or worth owning? No. My answer would be: It's probably a genuine, privately minted, one ounce hunk of nickel. There's no conceivable reason to create counterfeit worthless bars of nickel. Just because it's "real", there is still no reason to buy it. There isn't a collectors market for mass produced, privately minted, one ounce bars of nickel, and even if there was, $8 is at least $7 too much. |
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Pillar of the Community
United States
4008 Posts |
Interesting find. I looked up this mint and found their web site: http://www.cmcmint.com/store/index....n_page=indexDo a search of their site for "nickel" and you will find this bar plus some rounds. I don't have any interest in buying nickel but for those who do this could be just the thing. Price could be an issue but just finding a place that makes ANY nickel bullion seems fairly unusual. If so, then they will charge whatever they can get for their unusual products. Hopefully, it would be as bad as some of the copper bullion items I have seen for sale. :-/ |
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Pillar of the Community
Canada
1700 Posts |
Quote:Quote:
All right. Once I bought a Bushnell binocular, and it was counterfeit! A Binocular!
But do they work? If a fake but works, then so what for binoculars. If that metal bar is a fake, again, so what? If you like it for the design, not for a possible precious metal, go for it. If fake and as long as you aren't selling it, might be a nice discussion piece. I wouldn't buy it for an investment but as a novelty, why not. Pieces fall off. It works clearly, however, they sent me a 20X60 instead of 60X90. Fortunately, I can tell real or fake by naked eye. They gave me full refund and the binocular for free. How about the bars? You would never know if they're fake or not. Even if you are an essayer and you have a machine, you would still have not enough evidence to show that it's fake for a full refund. In my opinion right now, the safest metal to purchase is aluminum. It's the cheapest metal you could find. Is Amazon safer? |
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Replies: 46 / Views: 5,396 |
Posted 05/16/2012 9:58 pm
