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wolvesdad
Penny Hoarding Member
   
 USA
750 Posts |
Posted - 12/30/2008 : 11:16:11
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Have you guys seen these and the listings on ebay? (ebay item #350136013959) (or website:http://www.goldfortomorrow.com/ECOHENCOPPER.html) Here is the discription they give: Specifications:
- Weight: 1 Troy Ounce minimum (31.1 + grams)
- Dimensions: 1/8 x 1-1/8 x 2¼ inches
- Fineness: .200 nickel
- Manufacturer: The Cohen Mint
Do I understand that they are only 20% nickel? Then they aren't really Nickel bars are they. WOw!! ANd they sell for ove $90 a pound. Unbelieveable! He could take regular US nickels, melt them down into bars and sell them as 200 fine and would probably never get in trouble for it. Though they'd be 250 fine.
Your thoughts?
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"May your percentages ever increase!"
Will buy any quantity of .999 Canadian Nickels at current spot - shipped (US Address). |
Edited by - wolvesdad on 12/30/2008 11:43:49 |
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goodcents
Penny Collector Member
  

USA
474 Posts |
Posted - 12/30/2008 : 11:30:40
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I'm not into bullion other than silver or gold. Not to say some other metals aren't nice to have in the portfolio. I think when you get down to metals like copper and nickel for now I'd hoard nickels with high nickel content. That way if the metal tanks you've still got face value. If it rises you always have the ability to sell off or melt if the law allows.
Don't get me wrong there are beautiful copper bullion bars and these interesting nickels bars you talk of. I can't afford, and don't think it's wise to pay ultra premiums on non precious metals at this time. |
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wolvesdad
Penny Hoarding Member
   

USA
750 Posts |
Posted - 12/30/2008 : 11:51:51
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Yes, but my main point is that this NICKEL bar IS ONLY 20% fine nickel!!! That's stupid. Even circulating US nickels have more nickel than that. AND Canadian nickels have 99.9% nickel!!!! Nate sells those(bags of circulated Canadian nickels).
I've hunted about $75 face during a vacation in Canada. PLus I have purchased/traded another $100 face or so. AND THEY ARE 999 Nickel!!!
Who in their right mind, investor or collector would find ANY appeal in 20% Nickel 'investment' bars? |
"May your percentages ever increase!"
Will buy any quantity of .999 Canadian Nickels at current spot - shipped (US Address). |
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goodcents
Penny Collector Member
  

USA
474 Posts |
Posted - 12/30/2008 : 15:29:03
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| Like I said...why buy those when you can hoard nickels that have a higher content. Unless I'm totally confused. I often need englightening...so someone please set me straight...lol. |
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Ardent Listener
Administrator
    

USA
3446 Posts |
Posted - 12/30/2008 : 15:57:34
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| Even the lowly U.S. cupronickel nickels have a higher percentage of nickel than those bars. (25%) But an interesting find to report to us and thanks for doing so. |
Realcent.forumco.com disclosure. Please read. All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for edification and entertainment purpose only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, legal, securtity or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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PennehChaos.
Penny Collector Member
  

USA
267 Posts |
Posted - 01/02/2009 : 11:05:46
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They also sell "fine brass bullion" bars... wth is that? Awfully crude stuff compared to what tmaring and the Australian guy are doing. Definitely not someone I'd buy from... overpriced junk. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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natsb88
1000+ Penny Miser Member
    

USA
1290 Posts |
Posted - 01/02/2009 : 11:13:50
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| I don't carry the nickel or brass bars for the reasons mentioned above, however E Cohen's copper bars are very nice products, and the prices were recently lowered to fall in line with other makers. The copper bars are certainly not 'junk,' nor are his gold and silver products. E Cohen is also, in my experience, a good guy to work with. |
Nate The Copper Cave
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Ardent Listener
Administrator
    

USA
3446 Posts |
Posted - 01/02/2009 : 11:58:52
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Getting back to the orginal nickel bars, I wonder what the other 80% could be? Brass bars are very nice to look at and brass is an important alloy for industry. May I remind that our "copper pennies" are really brass? Now as for the zinc bar........... |
Realcent.forumco.com disclosure. Please read. All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for edification and entertainment purpose only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, legal, securtity or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Bluegill
1000+ Penny Miser Member
    

USA
1479 Posts |
Posted - 01/02/2009 : 14:15:32
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Maybe I'm being overly suspicious. But I can't help but wonder if those bullion bars, are melted nickels...
Who ever heard of 20% pure bullion..? Not specifing them as 25% gives him a litle leeway on the claimed purity and it doesn't draw any attention from the Government.
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wolvesdad
Penny Hoarding Member
   

USA
750 Posts |
Posted - 01/02/2009 : 15:04:18
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| Yeah, I said that in my first post. |
"May your percentages ever increase!"
Will buy any quantity of .999 Canadian Nickels at current spot - shipped (US Address). |
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CohenMint
New Member

USA
1 Posts |
Posted - 01/04/2009 : 18:58:50
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Hi, this is The Cohen Mint, I came across this post, and I hope I'm not intruding by replying to this post.
I would like to say that I appreciate the comments being made about my products. I actually wish people would give me criticism more often, I like to hear what people really think about my business. This is something that is a real passion of mine, and I take it very seriously.
I have to agree with the comments that were made about the crudeness of some my my bars. That is something that I am actually working on right now to improve. Its very expensive to create clean looking neat bars, but I've gotten the message about the need to do that a while ago.
A few years back, I was one of only two outfits making copper bullion bars and selling them on ebay. Jetco was the other one. Together, we fed and helped to create a trend that today has become very popular, to the point where a few months ago eBay created a copper category in the bullion section. In the beginning, it was OK to have crude looking bars, there really wasnt any other choices. Nowadays, there are many outfits making bullion bars and many of them look really good. I havnt been very good at keeping up. My focus, as you can tell by visiting my website, has been gold and silver. In a few weeks I am rolling out my new line of gold and silver coins for 2009, and the preparations for that have taken up a lot of my energy and attention.
I have contracted with a die maker to produce a professional and very attractive die according to my designs for a new one ounce copper bar, to be sold at a lower cost than the other two companies making similar pieces.
The nickel bars probably wont be changing their appearance any time soon, however. They are a novelty item for some, an investment for others. Yes, they are only 20% nickel, but at this point no one else is making anything similar. And no, they are not made from melted down nickels. You guys are not the only ones who have said something about the low purity, and I am listening. I am going to make a real attempt to find a low cost supplier and make an improved bar with much higher purity, I realise the bars contain less nickel than an ordinary 5 cent piece.
Thanks very much. |
The Cohen Mint www.goldfortomorrow.com |
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oober
1000+ Penny Miser Member
    

USA
1051 Posts |
Posted - 01/04/2009 : 19:04:33
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| I've been your site and enjoy it, I like the feel of it, but the prices seem so high... IMO. Is there that much labor in making those fractional gold, silver, and platinum pieces? |
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goodcents
Penny Collector Member
  

USA
474 Posts |
Posted - 01/04/2009 : 19:09:59
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Thanks for the post! It's great to develop a personal relationship with suppliers and mints such as yours through the forum. I look forward to seeing your upcoming products.
Joe |
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Ardent Listener
Administrator
    

USA
3446 Posts |
Posted - 01/04/2009 : 19:37:06
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Welcome Cohen. You have a lot of interesting products there. I'll add your site's address to our links forum. Now if you ever need any 97% zinc for your zinc bars just be sure to let us know.  |
Realcent.forumco.com disclosure. Please read. All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for edification and entertainment purpose only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, legal, securtity or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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natsb88
1000+ Penny Miser Member
    

USA
1290 Posts |
Posted - 01/04/2009 : 19:39:55
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quote: Originally posted by CohenMint
Hi, this is The Cohen Mint, I came across this post, and I hope I'm not intruding by replying to this post.
I would like to say that I appreciate the comments being made about my products. I actually wish people would give me criticism more often, I like to hear what people really think about my business. This is something that is a real passion of mine, and I take it very seriously.
I have to agree with the comments that were made about the crudeness of some my my bars. That is something that I am actually working on right now to improve. Its very expensive to create clean looking neat bars, but I've gotten the message about the need to do that a while ago.
A few years back, I was one of only two outfits making copper bullion bars and selling them on ebay. Jetco was the other one. Together, we fed and helped to create a trend that today has become very popular, to the point where a few months ago eBay created a copper category in the bullion section. In the beginning, it was OK to have crude looking bars, there really wasnt any other choices. Nowadays, there are many outfits making bullion bars and many of them look really good. I havnt been very good at keeping up. My focus, as you can tell by visiting my website, has been gold and silver. In a few weeks I am rolling out my new line of gold and silver coins for 2009, and the preparations for that have taken up a lot of my energy and attention.
I have contracted with a die maker to produce a professional and very attractive die according to my designs for a new one ounce copper bar, to be sold at a lower cost than the other two companies making similar pieces.
The nickel bars probably wont be changing their appearance any time soon, however. They are a novelty item for some, an investment for others. Yes, they are only 20% nickel, but at this point no one else is making anything similar. And no, they are not made from melted down nickels. You guys are not the only ones who have said something about the low purity, and I am listening. I am going to make a real attempt to find a low cost supplier and make an improved bar with much higher purity, I realise the bars contain less nickel than an ordinary 5 cent piece.
Thanks very much.
Glad you joined!
This forum has been a big help with my business as well. It's a great group of people to bounce ideas off of.
The members here were also a factor in the addition of the Copper Bullion category on eBay:
http://realcent.forumco.com/topic~TOPIC_ID~4064.asp |
Nate The Copper Cave
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wolvesdad
Penny Hoarding Member
   

USA
750 Posts |
Posted - 01/05/2009 : 02:47:27
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| glad to have you on the site. :) |
"May your percentages ever increase!"
Will buy any quantity of .999 Canadian Nickels at current spot - shipped (US Address). |
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ag4338
New Member

1 Posts |
Posted - 08/02/2009 : 22:58:42
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quote: Originally posted by wolvesdad
Have you guys seen these and the listings on ebay? (ebay item #350136013959) (or website:http://www.goldfortomorrow.com/ECOHENCOPPER.html) Here is the discription they give: Specifications:
- Weight: 1 Troy Ounce minimum (31.1 + grams) - Dimensions: 1/8 x 1-1/8 x 2¼ inches
- Fineness: .200 nickel
- Manufacturer: The Cohen Mint
Do I understand that they are only 20% nickel? Then they aren't really Nickel bars are they. WOw!! ANd they sell for ove $90 a pound. Unbelieveable! He could take regular US nickels, melt them down into bars and sell them as 200 fine and would probably never get in trouble for it. Though they'd be 250 fine.
Your thoughts? How's it going? I've seen Cohen nickel bars (200)... Makes absolutely no sense. I can't understand how anyone would buy these bars when U.S. Jefferson nickels at 25% Ni. 75% copper - $2.00 rolls can be purchased at any bank for $2.00 ... Let alone that the Jefferson nickels have a greater Ni. content plus gauranteed (assayed) by the U.S. Gov. as 25% Ni. while Cohen only has his word that these bars are 20% Ni... I not suggesting Cohens bars are not 20% Ni. I'm just agreeing with you that it wouldn't make any sense at all for ANYONE to purchase a 20% Ni. bar at any price when the U.S. gov. provides assayed 25% fractional Ni. bullion coins at face value. Thank you Uncle Sam!!!
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NotABigDeal
1000+ Penny Miser Member
    

USA
3250 Posts |
Posted - 08/03/2009 : 06:09:52
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ag4338, welcome. It apears you are correct. Seems steep to me for 20% nickel. Of course I caught a lot of heat for my rhodium opinion. And those come from the same place, so the heat is sure to follow this statement....
Deal |
Gun control is like trying to reduce drunk driving by making it harder for sober people to own cars.
If you want peace, prepare for war. |
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oober
1000+ Penny Miser Member
    

USA
1051 Posts |
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natsb88
1000+ Penny Miser Member
    

USA
1290 Posts |
Posted - 08/05/2009 : 11:23:39
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quote: Originally posted by oober
Nickel 200 alloy is 99%+ nickel "200" just means the alloy number...
Correct, but that is not what Cohen is using. From their website:
quote: WE ARE NOW OFFERING A LIMITED EDITION ONE TROY OUNCE BAR OF NICKEL BULLION. EACH PIECE IS .200 FINE (20%) NICKEL AND IS STAMPED WITH OUR LOGO AND THE WEIGHT AND FINENESS.
WEIGHT: 1 TROY OUNCE (31.1 GRAMS) DIMENSIONS: 1.25" X 2.25" COMPOSITION: 20% NICKEL, 80% COPPER
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Nate The Copper Cave
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Silver Surfer
Penny Pincher Member
 

USA
148 Posts |
Posted - 08/05/2009 : 16:40:03
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quote: Originally posted by CohenMint
Hi, this is The Cohen Mint... Yes, they are only 20% nickel, but at this point no one else is making anything similar. I realise the bars contain less nickel than an ordinary 5 cent piece.
Thanks very much.
Let's just go straight to the source, Mr. Cohen, himeslf, right here on this thread to confirm, yes, they are only 20% nickel. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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kiyotei
New Member

2 Posts |
Posted - 10/14/2009 : 15:49:04
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| BEWARE.. My experience with this mint (Cohen Mint) has been a travesty. They refuse to ship my order and will NOT return any calls or emails regarding my order. I'll stick with APMEX.com for all my future purchases. |
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Coinage
Penny Pincher Member
 

Canada
176 Posts |
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biglouddrunk
Penny Sorter Member


86 Posts |
Posted - 10/15/2009 : 20:21:10
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| I bet the reason they do the bars at 20% is because that alloy might be very easy t melt like coinage said straight nickel has a high melting point 2651 F. I bet is a big company were going to make bullion bars they would use a press to form the bars. It's no trick for an industrial user to get pure nickel where I used to work we would go through a lot of it. If I recall plating grade nickel cost just a little bit over spot |
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twocents
Penny Pincher Member
 

162 Posts |
Posted - 10/15/2009 : 20:45:07
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| Let's be clear. Cohen Mint is a fraudulent business. My brother and I both had to file PayPal claims against Cohen Mint to get a refund of our money for Rhodium coins. Other message streams state the same. Mr. Cohen should not be welcomed any further in this forum. |
Just my two cents! |
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Dalsuh
Penny Collector Member
  

USA
399 Posts |
Posted - 10/15/2009 : 22:56:36
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| Maybe he died? Hello Mr. Cohen, are you out there? |
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