Nickel Melt? - Coin Community Forum

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Author	Replies: 7 / Views: 2,077
samuel tan Valued Member United States 322 Posts	Posted 04/30/2011 3:19 pm I went to my bank to buy a box of Half dollars. The lady told me that somebody just ask to buy $2,500.- worth for Nickels. She said, he is going to hoard and melt them in the future when the price rise. I know for sure it is illegal to melt coins, but I heard it all the times. I know that Pennies worth more than face value, but I didn't know that somebody try to hoard Nickels. Anybody knows that the price of nickel going up? Do I miss something? Report this Post to the Staff

jarwulf Valued Member United States 163 Posts	Posted 04/30/2011 3:24 pm Nickel metal is worth more than face. There's also the silver in War Nickels although its low grade. Its illegal to melt like pennies though. Report this Post to the Staff
reupman Pillar of the Community United States 597 Posts	Posted 04/30/2011 5:00 pm Lincoln Copper Cent Price 1909-1982 Cent (95% copper) * $0.01 $0.0279294 279.29% Jefferson nickel Price 1946-2011 Nickel $0.05 $0.0685057 137.01% Lincoln Zinc Cent Value 1982-2011 Cent (97.5% zinc) * $0.01 $0.0060429 60.42% Roosevelt dime Value 1965-2011 Dime $0.10 $0.0244703 24.47% Washington quarter Value 1965-2011 Quarter $0.25 $0.0611782 24.47% Kennedy half dollar Value 1971-2011 Half Dollar $0.50 $0.1223576 24.47% Ike dollar Value 1971-1978 Eisenhower dollar $1.00 $0.2447169 24.47% Susan B. Anthony dollar Value 1979-1981, 1999 SBA Dollar $1.00 $0.0873980 8.73% Sacagawea Dollar Value 2000-2011 Sacagawea dollar $1.00 $0.0733912 7.33% Presidential dollar Value 2007-2011 Presidential dollar $1.00 $0.0733912 7.33% Report this Post to the Staff
harrison2 Pillar of the Community Mexico 1304 Posts	Posted 04/30/2011 5:05 pm Sorry samuel tan, the replacement of the metal content in nickels has been in the news quite a bit. I have heard of some banks limiting nickel withdraws/purchases to two rolls a customer because of supply issues...lots of people sucking up nickels waiting for them to change to stainless steel. Report this Post to the Staff
Bowfin Valued Member United States 296 Posts	Posted 04/30/2011 6:47 pm Must a be a regional thing. Ain't no shortage of nickels here in SE MI. My supply banks are still eager for me to take the excess off their hands. No problem gettin' Brink's or CWI boxes either. Report this Post to the Staff
rachums107 Pillar of the Community United States 3345 Posts	Posted 04/30/2011 7:44 pm Same, Bowfin. I get a 1 or 2 boxes of nickels a week from my bank. They don't seem to care. (by the way Bowfin, did you use the name "bowfin" after the fish or not? just curious.) Report this Post to the Staff
samuel tan Valued Member United States 322 Posts	Posted 05/01/2011 5:27 pm reupman, Jefferson nickel Price 1946-2011 Nickel $0.05 I think, you mean the difference is $0.0685057, which is 137.01% mark up. If that is right, it means Copper has most mark up among them, except silver and gold. Thanks. Report this Post to the Staff
willy13 Pillar of the Community United States 632 Posts	Posted 05/02/2011 3:15 pm its the pre 81 canadian nickel that I want, with 99.9% nickel the melt value is above $0.12. I am jealous of the canadian roll searchers. Report this Post to the Staff
	Replies: 7 / Views: 2,077

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