Cu Penny Hoarder wrote:Get all the nickels while you still can. Every time you take a box of nickels from the bank, you're actually walking out of there with a $30 profit
IMO, pennies boxes are really not worth getting anymore because the zincs have significantly diluted what coppers are left out there. I've gotten many skunk boxes over the past 6 months, but I still keep them because zinc pennies are now very close (95%) to their face value.
Silver4face wrote:Cu Penny Hoarder wrote:Get all the nickels while you still can. Every time you take a box of nickels from the bank, you're actually walking out of there with a $30 profit
IMO, pennies boxes are really not worth getting anymore because the zincs have significantly diluted what coppers are left out there. I've gotten many skunk boxes over the past 6 months, but I still keep them because zinc pennies are now very close (95%) to their face value.
I like reading your posts, and I agree with almost everything you say, BUT I have to disagree with you on the PENNIES BOXES. I am still finding a decent amount of copper, and I have a buyer for it. Also, I pulled over 2000 wheats last year and over 300 this month. I am also finding dimes (9 cent profit) and MS pennies that I can sell and or hoard.
Silver4face wrote:It has been two and a half years since the last response to this post. Therefore, I am changing that due to recent metal prices. When this post was started, the melt value of an American nickel was 80 percent of face. It is now approximately 130 percent of face. Therefore, I am wondering what people will do if it reaches 150 percent? Especially if it maintains that level!
frugi wrote:Silver4face wrote:It has been two and a half years since the last response to this post. Therefore, I am changing that due to recent metal prices. When this post was started, the melt value of an American nickel was 80 percent of face. It is now approximately 130 percent of face. Therefore, I am wondering what people will do if it reaches 150 percent? Especially if it maintains that level!
We won’t do anything. As long as you can buy nickels at the bank at face value there isn’t much else to do. In 2012 US nickels we’re worth $0.09, and still we weren’t doing much with it. What can we do?
thecrazyone wrote:Also, where do you order your Canadian nickels? I'm guessing a US bank won't/can't get them?
Silver4face wrote:I can't resist! I have to reopen this thread because the melt value is now up to 6.8 cents per. In other terms, a $100 BOX has a melt value of 136 dollars. Copper (3.83) and nickel (13.19) are the highest they've been since early to mid spring which was more than six months ago.
It won't be easy to reach or beat the 8 cent level from March, at least not in the near future, but I am thinking that they can maintain a 6.5 to 7 level for some time. Also, what if there really is a copper shortage a few years from now? Keep in mind that the u.s. nickel is 75 percent copper.
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