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 Replies: 11 / Views: 1,037 |
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Pillar of the Community
United States
619 Posts |
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Pillar of the Community
United States
1231 Posts |
more than likely snipers are lurking on it
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Pillar of the Community
Australia
1360 Posts |
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more than likely snipers are lurking on it Absolutely! I imagine lots & lots of snipers are waiting on that one!  |
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Pillar of the Community
United States
860 Posts |
The comment by the dealer stresses the amount of silver in the War Nickel, ( approx. 35%). However the manganese makes refining difficult and I have read most refiners won't accept them because the yield is so low compared to say silver dimes, etc. the refining charge is much more. Also is the law still in effect about not being able to melt cents and nickels? I think it came into effect on 12/06 or 1/07. So it might not be the best play for silver. IMHO. Jim |
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Pillar of the Community
United States
656 Posts |
Thats 1029 Dollars worth of silver. -64s  Edited by 1337
05/17/2008 10:19 am
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Pillar of the Community
United States
1208 Posts |
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Pillar of the Community
United States
2224 Posts |
There is a dealer in Coin World (Arizona Coin & Jewelry) that is paying $28 a roll for them. The seller would have been much better off going that route. But, snipers could still drive the price through the roof! |
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Pillar of the Community
United States
2269 Posts |
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Also is the law still in effect about not being able to melt cents and nickels? I think it came into effect on 12/06 or 1/07. So it might not be the best play for silver. IMHO.
You bring up a good point. The law that prevents the melting of nickels might also affect the War Nickels. Sticking with a higher content of silver is the way to go. |
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Pillar of the Community
United States
673 Posts |
As far as I know it is not illegal to sell your War Nickels to "melt" I just went through several thousand at the coin shop a couple months ago...and now there are several thousand more to look through. I don't know that they get melted, but they do get sold to the shop on a daily basis for silver content. |
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Moderator
 United States
6563 Posts |
The coins are worth more intact then melted. It costs money to have the process done and even then you have to authenticate the silver that is left over. The cool thing with coins is you know exactly how much silver you have...and that it is genuine
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Pillar of the Community
United States
812 Posts |
Looks like it finally sold for $788, about 0.73 per nickel (closer to 0.75 each when you include shipping).
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Pillar of the Community
Australia
839 Posts |
yeh
so It wasn't that low after all
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Replies: 11 / Views: 1,037 |
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Posted 05/17/2008 08:04 am
