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 Replies: 27 / Views: 3,679 |
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Pillar of the Community
Canada
1049 Posts |
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Pillar of the Community
United States
1300 Posts |
Edited by rupester
01/16/2014 02:21 am
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Pillar of the Community
 Canada
1049 Posts |
lol,,,,,,,,,,,,,wouldn't that be great lol
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Pillar of the Community
 Canada
9864 Posts |
Canadian coins are no longer made of nickel
The Mint's metal recovery program is already drying up the supply of older nickel coins
There are plenty of collectors already stacking the nickel nickels
The price could go up 30% with very little impact.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1049 Posts |
Hi DBM, my meaning was in values rising of coins made of nickel. I'm sure there will be a lot more hoarding with this ban in place.
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Pillar of the Community
Canada
9864 Posts |
Prices would have to increase by over 400% to make dimes and quarters worth hoarding. Hoarding of nickel nickels and melting by the mint is already happening,new hoarders for the most part will be johnny-come-latelys.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1049 Posts |
I read somewhere last week that a company has been hired by the RCM to remove the nickel nickels out of circulation for the melting. |
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Pillar of the Community
Canada
9864 Posts |
The RCM has been removing nickel coins from circulation and melting them for a few years now. The melt value of copper cents is about double face value and has been generally for a while,with little impact for collectors,nickel would have to rise by 80% to make nickels compete with cents for hoarding. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
3692 Posts |
I didn't know Indonesia was that big a player in the nickel market. When I think of nickel I think of TIMMINS. We've got zinc, nickel, copper, gold, silver, diamonds for all of Canada, who needs anyone else's supply? We got metal up the wazoo. And there's the Arctic Circle - basically untouched and everyone wants it, especially Russia.
As for the coins, the nickel content won't affect the price much. It will be the fact that the coins are no longer in production and the demand that will drive certain coins higher.
Edited by Libertad
01/16/2014 11:24 am
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Pillar of the Community
Canada
1049 Posts |
What my thought was world nickel prices going up, regardless of our nickel resource as extreme as it is. Similar to oil prices, we have the biggest supply in the world (according to what I have read)of oil yet it does not offset our price as Canadians. It'll be interesting to see how it plays out. The stocks will probably rally with fear and intent lol.
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Pillar of the Community
United States
1590 Posts |
I saw in interview with the former CEO of Shell Oil Corp. When asked if the current glut of oil in Canada and the US will bring down the price of a gallon of gas; he replied "No".
His rational/statement is that Oil ( and other commodities) are now a "Global" Commodity and so the pump price is a "global" price.
Don't expect lower prices just because you have a lot of something.
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Valued Member
Canada
250 Posts |
Great info on these postings...thanks.
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Pillar of the Community
Canada
1049 Posts |
Oil and gas are not under regulation dollar wise and never will be, they are too heavily taxed, and a daily necessity of human life, therefore a solid extra tax base lol. Gotta love it lol.
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Pillar of the Community
United States
1234 Posts |
Let's all step into my time machine... the dials are set for January 16th 1970... clad coins are slowly becoming more and more prevalent in coin rolls but silver is still not much over face value. Buy a candy bar with a silver quarter and get a nickel and a few cents back. The crazy hoarders are hoarding. The melting has started and key dates are being created.  Now let's see what 2020 will be like... melt value of a nickel quarter, 23 cents... buy a candy bar with 5-6 of them and get a steel nickel back, maybe. One more stop... 2061 Halley's comet is on it's way back. A 1973 Mountie quarter is sold for the record price of $87! but a candy bar costs $20  . Now back in good old 2014... get a full date set or two and sit on them, a full roll of each denomination for each year and your great grand kids may be able to go to collage on it. |
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Pillar of the Community
Canada
1049 Posts |
Lol Aslan, ty for the stats chart, and one never knows what coins of today will do in the future, there is one certainty tho........................................they'll rust lol.
hmmmmmmmmmmm.......perhaps a good sideline business would be coin undercoating lol......
Jon
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Pillar of the Community
United States
1234 Posts |
Well they are stainless steel  Quote:but a candy bar costs $20. I spent a $1 SAC on a candy bar the same day that I spent $22 on a $1 Morgan... I'll never forget the screaming fit my mother had when I was a kid and the price of a candy bar hit 25 CENTS! I'm talking about the real bars, that took a day and half to get through because you passed out from diabetic comma half way through. Even the ones called KING sized now are just not the same  ... uphill both ways and the candy bars were a cent... but no Playstations, ahhh the good ole' days  Quote:
Silver nickels coming back? Hahahaha The US nickels were silver during the war, the Canadians did the same thing they are doing now, only now they call it multi-plated steel. If you look up silver War Nickel's one of the first things it says is the mint mark was moved and made larger in order to easily spot and remove them from circulation. Everything I've seen lately says the US mint is not searching for silver, I guess I might believe that, maybe they are just hoping the CHR are doing the job for them, and it is not worth it for them to take the time. I have to wonder thou how hard it is to get a computerized coin sorter to pick the silver out? |
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Replies: 27 / Views: 3,679 |
Posted 01/16/2014 09:28 am
