Melting Older Canadian Nickels - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 10 / Views: 2,055
3stooges Pillar of the Community United States 511 Posts	Posted 07/21/2006 01:53 am With decades of pure nickel 5-cent pieces and very high prices for the metal, are the coins being melted for scrap today? Has this ever been done in the past when nickel prices rose? Any links or articles would be appreciated. Report this Post to the Staff

Irishraider Pillar of the Community United States 1454 Posts	Posted 07/23/2006 10:13 pm I don't now if this guy is melting them down but he references canadian coin nickel content quite a bit on his website. Very interesting site even though it's not about coins per se. http://www.theodoregray.com/Periodi...8/index.html Report this Post to the Staff
ichirensha Pillar of the Community United States 560 Posts	Posted 07/24/2006 12:23 am That site is really cool...Thanks. Report this Post to the Staff
Irishraider Pillar of the Community United States 1454 Posts	Posted 07/24/2006 5:08 pm Yeh, I looked at that thing for over an hour after I found it last night! :) It is a pretty cool website. Report this Post to the Staff
ichirensha Pillar of the Community United States 560 Posts	Posted 07/24/2006 9:59 pm Did you read about mercury? If it wasn't so dangerous, it would be a blast to play around with. I remember a kid that brought a bunch of it to school and we all played with it, never knowing the danger. Report this Post to the Staff
ichirensha Pillar of the Community United States 560 Posts	Posted 07/24/2006 10:01 pm What's the nickel worth in a Canadian nickel? Report this Post to the Staff
Irishraider Pillar of the Community United States 1454 Posts	Posted 07/24/2006 10:21 pm Hard to find out exactly what one nickel would be worth, would have to do a lot of math. Todays spot price for nickel is $12.0051 per pound. Argh. I assume that is 16 ounces, so, rounding here, $12/16=.75 an oz. One canadian nickel weighs 3.95 grams, so, there are 28.349 grams to 16 ounces. Which makes 1 gram worth approx. .026 cents. Which would make a canadian nickel worth 3.95 x .026 = .1027 cents So, each canadian nickel is worth .10 cents today (that is 10 cents American). The prices change daily. So realistically it is better to have lots of pounds of nickel or nickels. :) I hope I calculated all of this correctly. Edited by Irishraider 07/24/2006 10:37 pm Report this Post to the Staff
ichirensha Pillar of the Community United States 560 Posts	Posted 07/25/2006 09:30 am Thanks Irishraider. Report this Post to the Staff
Irishraider Pillar of the Community United States 1454 Posts	Posted 07/25/2006 5:27 pm you're welcome Report this Post to the Staff
coinsnpaper Valued Member Canada 480 Posts	Posted 09/03/2006 06:49 am The melter of Canadian nickel coins is the Canadian Mint. They are selectively culling nickel coins from circulation, melting them, and making another profit. Report this Post to the Staff
Irishraider Pillar of the Community United States 1454 Posts	Posted 09/03/2006 11:14 am I hope they don't get too carried away. My wife (mostly me though) is trying to put a set together and if they melt them all down it will be hard to get a set together. :( Report this Post to the Staff
	Replies: 10 / Views: 2,055

To participate in the forum you must log in or register.

All Forums Category: World Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.26 seconds to rattle this change.