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 Replies: 28 / Views: 5,515 |
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Pillar of the Community
Canada
3692 Posts |
Being that Canadian nickels pre-1982 are pure nickel, the don't have to be assayed. Would you get 100% nickel spot for them if a ban was lifted?
US nickels are interesting, since they are bimetallic. Copper may go up while nickel goes down (although usually they follow the similar patterns.
It may have been a good idea to do it last week when copper was $4 and nickel $12. Good luck now, since they've dropped.
In Canada, one of the more common nickels is also the 1964. Strange coincidence?
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Pillar of the Community
United States
3592 Posts |
Libertad,that is interesting about 1964..I wonder. Also not sure about the spot for pure, I imagine it would work just like silver as it is not pure, they just figure the value and we go from there. As far as last week,it really makes no difference, prices fluctuate daily.The real question is what will the price be in ten years.
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Valued Member
United States
58 Posts |
I agree I started sorting for the copper in pennies for the increased value, but now it is just fun! It is good to have a hobby that you can still call fun makes the world a better place in IMOH.
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Valued Member
United States
463 Posts |
If your looking to save money, get as many of boxes of nickels as you can. Simply becuase it is harder to spend money that is outside of your bank account and try to buy something with 6 boxes of nickels, dont think you want to carry it.
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Valued Member
United States
71 Posts |
Folks started pulling silver from circulation back in the 60s, now it seems to be copper pennies. Maybe nickels will be the next thing, but who knows how far down the line.
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Bedrock of the Community
United States
17884 Posts |
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With the volume of production way down from the numbers of a decade ago, now is not a sensible time to spend money figuring out how to reduce costs. save that for a time when volume production returns. No, now IS the sensible time to spend the money to figure out how to reduce costs. That way you will be ready to implement them as soon as production rises and you start losing money hand over fist. If you wait until you are already losing the money before you start doing the research you are going to lose a bundle before you can implement the change. Quote:
Being that Canadian nickels pre-1982 are pure nickel, the don't have to be assayed. Would you get 100% nickel spot for them if a ban was lifted? No, because the dealers and smelters are still going to meed to get their profit. Quote:
In Canada, one of the more common nickels is also the 1964. Strange coincidence? Not really, they were probably undergoing a coin shortage at the same time and for the same reasons we were. SO they had greatly increased production just like we did. |
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Valued Member
United States
470 Posts |
Yes. NOW is the right time to start building your MS sets from circulation and NOW is also the right time to start building your hoard.
The sooner you start your hoard the better.
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Pillar of the Community
United States
511 Posts |
Setting aside a few rolls (don't go crazy) rolls of nickels at face value is a riskless proposition. Since plated zinc cents and real copper cents look exactly the same and dates need to be checked, I don't see any kind of secondary market there. It's way too labor intensive for the product involved.
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Pillar of the Community
United States
1256 Posts |
Maineman: it's 8 years, dude :)
Byran: There's a flip side to that nice coin. It's really hard to spend money "locked up" in a bank.
3stooges: labor of love :) Besides if I'm picking up the cent to look for "whatever" throwing into the copper tub is no harder.
I'm with Andrew!
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Bedrock of the Community
United States
20753 Posts |
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lol Yeah I think there are enough 1964 nickels that you would always have something to hoard. I hate buying rolls and half of them are 1964.
I used to have fun making bets that if you had a Nickel in your pocket, the date on it would be 1964. I did that for many years and usually I was right. Those things are everywhere. My prediction is an Alchemist in China will invent a method to change all metals into Gold or Silver and all Nickels will be made of Gold then. Pennies will be made of Silver too. OR all coinage will be made of Wood so that all leftovers or damaged ones could be recycled into paper. It is amazing how many times this subject of the materials our coins are made of pops up. About time for another ton of posts on how those type of coins will be eleminated.   |
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Pillar of the Community
United States
3592 Posts |
Andrew, you hit it right on the head ! Now is the time, just like starting a savings or 401K. The earlier you start, the more you will have later on.
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Valued Member
United States
372 Posts |
What is your Opinion on Rolls of 2006 Nickels and The Bison Nickels from The Westward Journey Series. I bought some of each of the Rolls and had them Autographed by the Designer (s ). The 2006 Jefferson nickels will be the same until a new Design is made. The Bison Nickels Rolls came with Official Federal Reserve U. S > Mint Headings and should be all 1st Day issues with maybe some Variations. What would be a Good price on Rolls with only One Signature or a Price with 2 Signatures Edited by goldnugget
11/18/2010 10:29 pm
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Valued Member
United States
71 Posts |
I can actually see a secondary market with copper pennies, if the govt ever allows people to start melting them down that is. Machines that automatically sift through thousands of pennies distinguishing the copper's by weight already exist. Only a matter of time before they're gone.
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Replies: 28 / Views: 5,515 |
First Page
Posted 11/13/2010 5:19 pm
