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 Replies: 17 / Views: 2,678 |
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Pillar of the Community
United States
656 Posts |
1946-2008 Nickel $0.05 METAL VALUE: $0.0691552 138.31% Metal Value of a $100 Dollar Box is 138.31  Edited by 1337
04/27/2008 2:11 pm
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Pillar of the Community
Canada
965 Posts |
If you've got any pre-1982 Canadian nickels in there, then it's worth even more. |
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Valued Member
United States
486 Posts |
That's correct. But even if it was legal, It would be to costly to extract the metals out of the nickels. Someone tell me when the metallic value in nickels is worth 180% of face or more. -PP
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Pillar of the Community
United States
2270 Posts |
quote:
That's correct. But even if it was legal, It would be to costly to extract the metals out of the nickels. Someone tell me when the metallic value in nickels is worth 180% of face or more. -PP
The metal doesn't need to be extracted or separated. The coins are 25% nickel and 75% copper which makes them the exact ratio for most stainless steel. They would make excellent alloy but small measureable also makes them good for chill scrap. Modern coins from all over the world see extensive use in stainless and other alloys. Many coins have become quite scarce for this reason. Time don't fly, it bounds and leaps.
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Valued Member
United States
486 Posts |
In order for scrap yards and smelting companies to make profit they must buy base metals at wholesale prices. Meaning you would probably get less money than what you bought the nickels for at face value. -PP
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Pillar of the Community
United States
2270 Posts |
If all the current trends continue in 100 years there will be almost no last half of the 20th century coins in poundage (mixed world coins). Mostly it will be 19th century and whatever is made in the future. Of course there will be lots of 1901-1950 coins as well and 1950-'64 US coins. Of course in this case it's improbable current trends will continue. Not only are collectors finally setting aside some of these coins but there are increasing numbers of collectors. People are starting to realize how scarce many of these are which means much higher prices and the coins are being protected increasingly well. It's a safe bet that US cents and nickels will be withdrawn and destroyed within a few years. Time don't fly, it bounds and leaps.
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Valued Member
United States
486 Posts |
The value of the metals in a nickel is interesting. But its not truly profitable yet. -PP
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Pillar of the Community
 United States
656 Posts |
The Price of Nickel is on a rise.
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Pillar of the Community
United States
2224 Posts |
I pull all of the pre 82 canada nickels that I find searching nickel rolls; I have found about 15 or so of them. I read somewhere on the net about a person that claims to have a quarter million dollars in nickels stashed away, waiting for the time that they are legal to melt
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Pillar of the Community
United States
656 Posts |
 . He should of done that in Copper Pennies. any links. Edited by 1337
04/27/2008 5:56 pm
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Pillar of the Community
United States
810 Posts |
coppernickeldaddy wrote I read somewhere on the net about a person that claims to have a quarter million dollars in nickels stashed away, waiting for the time that they are legal to melt I hate people like that it really urks me. The purpose of collecting coins is the uniqueness of the coin itself not to destroy them so some idiots can make a few bucks. I'm gonna have nightmares now dreaming of the government melting all those nickels.  |
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Valued Member
United States
177 Posts |
I'll probably do like I did back in the late 60's with silver, wait until they're practically all gone before I start hoarding any.
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Valued Member
United States
486 Posts |
One box is up 30 cents in 24 hours. Total melt value is $138.61. -PP
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Pillar of the Community
United States
656 Posts |
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Pillar of the Community
United States
543 Posts |
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Pillar of the Community
United States
749 Posts |
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Replies: 17 / Views: 2,678 |
Posted 04/27/2008 2:22 pm
