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 Replies: 12 / Views: 3,214 |
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Pillar of the Community
Canada
834 Posts |
Since I've been sitting on my silver and gold and not buying as of late. I have been purchasing more nickel. A few $100 boxes a week at my local bank and pulling out all the pre 1982 .999 Canadian nickels (before the Canadian government gets to them) At just over 12$ a pound it only takes 5$ worth of nickels to make a pound. Currently I have close to 500 pounds of pure nickel, is anyone else adding nickel to their PM stash? Edited by swrbxxx
03/23/2011 11:27 am
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Valued Member
Canada
442 Posts |
I tried a few boxes, but I average maybe only 75 cents face worth of the nickel. maybe i'll try an older bank today.
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Pillar of the Community
 Canada
834 Posts |
Must be a bit different where you are
I average about 3 pounds $15 face of .999 nickel a box
the copper Nickel about $25 face that gets thrown back, not worth keeping at .06$ melt.
White rolls, well that means no .999 in that box, have had a few of those.
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Pillar of the Community
United States
3184 Posts |
nope not me. I know of some people that do, you need a lot of space as it gets bulky and heavy when you start getting many boxes.
I do however look through my change and pull copper pennies and wheaties out. Slowly filling up a jar with them. Not going to do the whole bank thing as it takes time but anytime I buy something with change and get pennies back I do look through them.
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Pillar of the Community
United States
1450 Posts |
I've got 3 rolls of the nickel nickels,just ones pulled from boxes. I have not found one in a couple of months though.
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Valued Member
United States
355 Posts |
I'm a couple hours from the border. I definitely get a good amount of pennies in my rolls, but as for canadian nickels I'm not as lucky. I only found a couple pre-82 Canadian nickels.
I've been thinking about maybe taking a ride to Canada next time I'm near the board to maybe grab a few boxes if I can. Does anyone know if there's any legal restrictions on taking these coins out of Canada? I ask because technically I can leave the US with under $10,000 in undeclared dollars, but with the new penny coin melt law you're only allowed up to something like $5.00 in pennies out of the country with you. Does Canada have any law on how much coinage can leave the country? In my case it'd be < $100 worth.
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Pillar of the Community
United States
632 Posts |
If I was in Canada I would be all over hoarding 0.999 nickels.:)
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Pillar of the Community
United States
3670 Posts |
So explain this to my dumbness please, pre 82 Canadian coins only pure nickel, or is there any American coins, I am guessing the pre 64 with nickel as well? How much are they worth right now beyond face, and what would you guys expect the price of nickel to be in 10 years? Impossible question so best educated guess then if you will, lets speculate, I love to speculate, rof  !! I know this is a question for Edgar Cayce or Nostradamus, but they have long since past on.... Interesting note on Cayce as he would get sick at his stomach when people used him for "Who's gonna win the horse race", or "Where should we dig for oil", lol. He would even give them the lat an long correctly unknowingly they say. So he got his wife to set in an monitor the sessions to prevent people using him for financial gain, as well as record them.... Edited by Silverhawk74
03/30/2011 11:22 pm
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Pillar of the Community
Canada
834 Posts |
I'll try to break this down the best I can for you silverhawk please ignore the spelling mistakes as I am on my iPhone so pre 1982 Canadian nickels are .999 nickel and guarenteed by the government there are a few years though that where they were made of steel sometime in the 40's I do not recall off hand. It takes 100 pure nickels $5 to make a pound a pound as of today goes for $11.85 so a $6.85 profit usually lots on ebay go for a bit over melt around $15 plus shipping a pound in a $100 box you'll generally pull $5-20$ of pure nickels up here in Canada the government runs a program now where they pull any .999 nickels and recycle them making them more harder to come by. Nickel has hit 24.23$ high and $3.97 low in the last five years. So who knows what the future holds. As fo American nickels other than War Nickels they are a copper nickel blend worth about 0.06$ each, abd to be honest even if copper and nickel soared to record highs refining costs will never make American nickels really worth it. |
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Valued Member
Canada
442 Posts |
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Pillar of the Community
United States
3670 Posts |
Great stuff swrbxxx, thanks so Canada pre 82, not getting rich, but those 6 an 7 bucks add up, and like you said who knows where it may go in future. The hi an low info very helpful as well, 24 bucks eh....
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Pillar of the Community
Canada
834 Posts |
The way is see it silverhawk
20 pounds for every 100$ of pure nickels
$240 isn't a bad profit, on something still available
i hope it hits 20$ again that would be nice
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Bedrock of the Community
Australia
21788 Posts |
I would not bother with nickel unless you are Canadian. It is then an entirely different ball game. Those guys are lucky!
It it getting harder to get them from circulation now?
I have quite a few pure nickel coins from all countries, but I have paid a lot more than spot price for them, out of dealers' junk boxes.
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Replies: 12 / Views: 3,214 |
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Posted 03/23/2011 11:30 am
