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 Replies: 23 / Views: 3,806 |
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Pillar of the Community
United States
1903 Posts |
I have found someone willing to sell a quatity of War Nickels for $1.40 each. He has about 50 of them. Is it a buy at that price? They are all circulated and not in collector'condition, I would be buying them just for the silver. |
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Valued Member
United States
370 Posts |
Sounds like a pretty good price to me, 50 of them would be a little under 3 ounces of silver.
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Pillar of the Community
United States
3276 Posts |
i would hop on it. If he has 50 that will cost you $70. Melt is at $114.52 for that much. Usually these nickels don't sell for full melt because of low silver percentage in them, but I'm sure you could sell them here for $90 to $100. At least $100 on ebay but then you have fees. |
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Pillar of the Community
United States
3276 Posts |
oh and of course if you sold them here you would have to wait until you have enough posts.
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Pillar of the Community
 United States
1903 Posts |
Murrellington, how on earth did you get so many posts in just nine months?  At a couple posts a day I am doin good at pushing 80.....250 here I come |
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Valued Member
United States
63 Posts |
Sorry, but War Nickels are not a great way to buy silver because the coin / silver dealers will only pay about a $1 each for War Nickels when they contain $2.25 of silver. there is the US law that says you can not melt the Penny or Nickel for it's metal. the dimes, quarters & halfs can be melted here in US, so coin / silver dealers pay closer to actual melt value. they might have to ship the War Nickels oversee to melt for silver. Best way to buy silver is the Canada Maple Leaf...it contains .9999 silver and face value is $5 compared to US eagle in only .9993 silver & $1 face. |
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Valued Member
United States
63 Posts |
PS...Canada Maple Leaf face value is $5 CND$ so now that like $5.50 US$
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Valued Member
United States
63 Posts |
PSS... he willing to sell a quatity of War Nickels for $1.40 each because the dealer will only give him $1 each! |
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Pillar of the Community
United States
3276 Posts |
unholyroller: well I love this site and visit it frequently :) hehe. Quote:PSS... he willing to sell a quatity of War Nickels for $1.40 each because the dealer will only give him $1 each! yeah that is the dealer. people who aren't dealers pay more. I have bought and resold War Nickels from craigslist. I know that if you bought this lot for $70 for the 50 War Nickels, if you wanted a super fast sale you could resell it for $85 and have it be gone fast. well maybe not on craigslist but here or on ebay. I'm sure people on this site would pay you $90 for them. Edited by murrellington
08/19/2011 12:31 am
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Valued Member
Australia
278 Posts |
and once you are able to sell.
I could be keen to buy a few, but I am in australia.
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Pillar of the Community
United States
836 Posts |
The thing I don't get is just because a law says you can't melt nickels and pennies, what keeps places from doing it? Once it is melted you can't tell what it was, or do they have to report and record everything they melt and turn it in to the government?
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Pillar of the Community
United States
3276 Posts |
Quote:
The thing I don't get is just because a law says you can't melt nickels and pennies, what keeps places from doing it? Once it is melted you can't tell what it was, or do they have to report and record everything they melt and turn it in to the government? Laws are laws and people break laws every day. People probably do melt cents, and nickels, but if they are caught they would get in trouble. You can't burn currency, but I bet if I burned a $1 bill in my room right now no one would find out and I would not get in trouble. But that doesn't make it legal. What keeps people from melting these coins is the law against it and the consequences of doing so that people want to avoid. |
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Pillar of the Community
United States
3278 Posts |
I think $1.40 is a very good deal for War Nickels in bulk. I would do it. You can turn a profit right away, wait a while and see what the market does, or add them to your collection. I would just keep a roll and sell the extras. Edited by upstate
08/19/2011 10:30 am
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Pillar of the Community
United States
1745 Posts |
I agree, good deal and easy to sell on ebay. |
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Pillar of the Community
United States
1151 Posts |
I'd jump right on it. Sounds like an excellent deal to me.
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Valued Member
United States
439 Posts |
I buy alot of silver coins and I would grab that in a second.
No brainer.
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Replies: 23 / Views: 3,806 |
Posted 08/18/2011 10:42 pm
