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 Replies: 12 / Views: 1,725 |
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Bedrock of the Community
Canada
10743 Posts |
I've got 20 odd rolls of pre 1980 Canadian nickels.. does anyone know of anybody that buys nickels for their nickel content?
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Valued Member
Canada
386 Posts |
Shaft9A, You can do two things. 1) At the Realcent forum sell forum, there is plenty of buyers for Canadian 0.99 pure nickels. They usually try to get you to pay shipping. 2) On ebay, you typically will get 10 cents for every pre-1982 nickel. Buyers normally pay shipping. Edited by 1945V
10/25/2009 4:02 pm
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Valued Member
Canada
53 Posts |
Colonial Acres used to have a nickel bullion section on their site as well but it doesn't seem to be there anymore. Nickel was (briefly) over $20 a pound in 2007 and it's much lower now so I'd rather hang on to mine.
Edited by psi
10/25/2009 4:18 pm
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Pillar of the Community
Canada
1051 Posts |
The problem with nickel rolls is that the weight makes them expensive to ship. You can try listing them at 2X face on ebay with $10 or $15 shipping indicated in the auction. Otherwise, just hold onto them like a piggy bank, and buy yourself something with the proceeds if the price rises again. |
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Bedrock of the Community
 Canada
10743 Posts |
Thanks, for the info, everyone.  |
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Pillar of the Community
Canada
610 Posts |
I too got bit by the (pre'82 5 cent)nickel bug and started collecting them. But if you are going to collect coins for the nickel content, why not ALL 1989 to date Quarters,Halves & (nickel)Dollars.These ones are all 1.00 NICKEL ? Just a thought  Oh,by the way I have started to collect all NICKEL COINS  Just in case  Of course nickel halves & dollars are hard to get at face value  |
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Pillar of the Community
 United States
5953 Posts |
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Pillar of the Community
Canada
1051 Posts |
collectall, it's a case of melt value versus face value. For the nickel dollar to have an intrinsic value equal to face, the spot price of nickel would have to triple. The 5c coins are already well above face value in current melt value - therefore nickels have the highest leverage against the nickel spot price.
Generally the smaller the denomination, the better the ratio. The copper cent has the best overall ratio currently at over 2:1.
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Pillar of the Community
Canada
1051 Posts |
PS - for anyone that cares, this idea is what's referred to as "Gresham's law", loosely defined as "bad money driving out good money under legal tender laws". Bad money being that which has an intrinsic value substantially lower than face, good money being that which has a metal value close to face. In happened in 68 with the debasement of coins from silver to nickel, and it's happening again switching from nickel and copper to plated steel.
Edited by 1cent
10/26/2009 8:51 pm
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Pillar of the Community
Canada
610 Posts |
Thanks for the info.1cent I just learned something YOU SEE THIS FORUM ISN'T A WASTE OF TIME!    Keep the info. coming folks!!!!! |
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Valued Member
Canada
304 Posts |
and check this out: http://www.(124) This link is not allowed by the Staff .com/canada/ |
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Valued Member
Canada
53 Posts |
Does this site blacklist certain coin-related links? I think I know the site malibu was trying to link to and it's not a commercial site by any stretch, just a page with a table of coin melt values for canadian coins.
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Valued Member
Canada
304 Posts |
I think they don't allow links to other sites here for other reasons, perhaps it is considered unpaid publicity or unauthorized endorsement. Its their prerogative.
Anyway, visit the "(124) This link is not allowed by the Staff " site for an excellent, up-to-date listing of melt values and other cool coin info!
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Replies: 12 / Views: 1,725 |
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Posted 10/25/2009 3:54 pm
