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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 08/03/2009 : 20:05:36
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Current coinflation values have the 5 cent US nickel at 91% of face. This is a fun little thing we have here with metals that we can get at near spot.
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 08/03/2009 : 20:23:28
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| I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels. |
So long, Realcent 1. Come visit us at Realcent.org! |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 08/03/2009 : 20:29:21
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| We need the melt ban to end then. We also need more cowbell. |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 08/03/2009 : 21:43:52
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quote:
Originally posted by Corsair
I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels.
You are looking at the wrong nickels.
Canadian pre 1982's are worth 9.17 each at melt (in Canadian, $8.62 US) at this moment. |
www.londongoldbuyer.com |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 08/03/2009 : 22:12:31
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quote:
Originally posted by fasTTcar
quote:
Originally posted by Corsair
I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels.
You are looking at the wrong nickels.
Canadian pre 1982's are worth 9.17 each at melt (in Canadian, $8.62 US) at this moment.
Each nickel is worth almost ten dollars? |
So long, Realcent 1. Come visit us at Realcent.org! |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/03/2009 : 22:21:18
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quote:
Originally posted by Corsair
quote:
Originally posted by fasTTcar
quote:
Originally posted by Corsair
I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels.
You are looking at the wrong nickels.
Canadian pre 1982's are worth 9.17 each at melt (in Canadian, $8.62 US) at this moment.
Each nickel is worth almost ten dollars?
I assume cents. |
Trolling is an art. |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 08/04/2009 : 02:58:26
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| Cents is correct. The US price I typed was per pound or 100 coins. |
www.londongoldbuyer.com |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 08/04/2009 : 05:18:09
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| Let's hope we don't see them at $10 for each nickel any time soon, that would be some horrendous inflation!! Not a welcome thought. But 50c each would be okay. good for us who hoard them I suppose! |
"May your percentages ever increase!" |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 08/04/2009 : 08:42:40
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| My only consern with the nickels, is that once it hits the 120%-150% value, there might be a run on nickels at the banks since no one has to sort anything, and they will either ration them out or only sell them to business or set some other policy where average joe's can't get boxes of nickels anymore. If everyone starts hoarding nickels all at the same time, their might be a shortage within a few months. The window of oppertunity to hoard nickels in any significant volumes might only be open for a short period of time when the value reaches a certian threshold. No one is going to buy nickels for more than face until either a shortage occurs, or some other policy is introduced where average folks can't get nickels from the banks anymore. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 08/04/2009 : 11:25:22
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Whether inflation is normal or high nickels will be worth over 100% face soon enough.
The question though on the "run on the banks" is not when their value is 120% or higher, because most people won't notice anyway and since they are still in circulation people won't see the benefit.
The "run on the banks" will be when the government finally gets smart and starts making nickels out of steel or something else that is mostly worthless.
Then you may start to have problems getting them. |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 08/04/2009 : 14:18:42
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| We're up to 94.5% face today, I was thinking about having a contest for what day the spot price will hit 100% or higher, but at this rate, it will hit 100% by the end of the week. |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/04/2009 : 17:02:33
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quote:
Originally posted by JerrySpringer
We need the melt ban to end then. We also need more cowbell.
If the melt ban is lifted then won't metal prices tank be cause of a high supply but no increased demand? |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
 Posted - 08/04/2009 : 21:42:03
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quote:
Originally posted by jtm3
quote:
Originally posted by JerrySpringer
We need the melt ban to end then. We also need more cowbell.
If the melt ban is lifted then won't metal prices tank be cause of a high supply but no increased demand?
The melt ban lift won't change the Ni supply much, US Jeffs are only 25% Ni, Cu might feel it (temporally). I think the ban will be lifted to try and help industry meet demand until mining can ramp back up once the price allows the mine to make a profit. The metal price will stay above face value (if when that happens).
I think I'm feeling the Fevah (hit that thing, I need to hear it)! 
I think I might have to sock another 5 boxes away.
Worst case, I'll have a chance at finding a Buff, War Nick or new Buff (or a Proof) and probably get a better return than a typical savings account with the FRN's I have tied up in REAL(5)CENTS. |
There's profit if you melt things!!
8{> |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 08/04/2009 : 23:49:58
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$8.80 - rock on, nickel.
$16 would be great - $1 an ounce. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/05/2009 : 00:11:17
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| We'll know the rush is on when Ardent starts hoarding nickels again. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 08/05/2009 : 08:45:59
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AGgressive Metal.....
I'm surprised that someone in this forum would associate metals with their prices in non-troy ounces.
A troy pound only has 12 ounces in it. And I think one 'avidiporous??' ounce only weighs 28 grams!? |
"May your percentages ever increase!" |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 08/05/2009 : 20:15:43
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quote:
Originally posted by Corsair
I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels.
It may not be that easy to supply a significant hoard if you wait that long. Why not start now while you know you can still get them? You will be ahead of the game and get a jumpstart on the new hoarders and collectors. |
"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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Corsair
Penny Hoarding Member
811 Posts |
Posted - 08/05/2009 : 20:21:04
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quote:
Originally posted by Silver Surfer
quote:
Originally posted by Corsair
I will not be hoarding nickels untill either their metal content is changed or they start to sell for more than face. I think that when ever either of those happen, I will be able to still get plenty of nickels.
It may not be that easy to supply a significant hoard if you wait that long. Why not start now while you know you can still get them? You will be ahead of the game and get a jumpstart on the new hoarders and collectors.
You do have a point, but I just don't think that tying up my money now is neccessary. Even though nickel prices are up, the Mint is probably less inclined to change metal content because of the economy. They are making fewer nickels this year than they have in a long time. Thusly, they don't have to spend as much money on higher copper or nickel prices. So, if that changes in 2010, then yes, I might put away a box or two. But until the announcement comes out that the metal content is changing, I am not going to let my money sit in a closet doing nothing when it could be earning .1% in a savings account. |
So long, Realcent 1. Come visit us at Realcent.org! |
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thewalrus81
Penny Sorter Member
93 Posts |
Posted - 08/05/2009 : 20:42:27
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quote:
Originally posted by wolvesdad
AGgressive Metal.....
I'm surprised that someone in this forum would associate metals with their prices in non-troy ounces.
A troy pound only has 12 ounces in it. And I think one 'avidiporous??' ounce only weighs 28 grams!?
Now this comment confuses me....it is my understanding that only Precious metals are measured in Troy ounces/pounds 12 ounces to a pound), and that Base metals are measured the other way (16 ounces to a pound)....am I incorrect here? Can someone elaborate?....Thanks! |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/05/2009 : 21:32:39
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| As stated before, hoarding nickels later with the thought that they are as easy to order as penny boxes/bags is a fallacy. Far fewer ever punched. You cannot order 20 boxes of nickels from banks as easily as pennies. Hoard 'em or be left in the dust. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 08/05/2009 : 22:06:28
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quote:
Originally posted by Corsair
But until the announcement comes out that the metal content is changing, I am not going to let my money sit in a closet doing nothing when it could be earning .1% in a savings account.
But, as nickel and copper prices increase, the value of that box of nickels sitting in the closet increases as well, so it's not sitting there doing nothing. It is sitting there appreciating in value, perhaps appreciating even more than .1 % in a savings account. |
"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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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 08/06/2009 : 01:28:06
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quote:
I am not going to let my money sit in a closet doing nothing when it could be earning .1% in a savings account.
I have you beat. My Vanguard money market is paying 0.18% currently.
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 08/06/2009 : 19:55:34
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quote:
Originally posted by thewalrus81
quote:
Originally posted by wolvesdad
AGgressive Metal.....
I'm surprised that someone in this forum would associate metals with their prices in non-troy ounces.
A troy pound only has 12 ounces in it. And I think one 'avidiporous??' ounce only weighs 28 grams!?
Now this comment confuses me....it is my understanding that only Precious metals are measured in Troy ounces/pounds 12 ounces to a pound), and that Base metals are measured the other way (16 ounces to a pound)....am I incorrect here? Can someone elaborate?....Thanks!
You're right, but I can see why it would cause confusion. For instance, the one ounce Liberty Dollar coppers are avidiporous and the one ounce silver LDs are troy. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 08/06/2009 : 20:45:42
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| Lifting the melt ban will have very little effect on Cu/Ni prices. The amount of metals in coinage, compared to the amount of commercial grade, is insignificant. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 08/08/2009 : 04:43:48
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As to my post.... yes, that wasn't as clear as it could have been.
My point was, that when the prices of copper and nickel and perhaps another or two base metals gets so high due to demand or inflation etc, that it will be treated like a precious metal right? and will be measured out in Troy units rather than the common lb/ounce units.
Just a thought. |
"May your percentages ever increase!" |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 08/08/2009 : 20:10:51
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quote:
Originally posted by wolvesdad
As to my post.... yes, that wasn't as clear as it could have been.
My point was, that when the prices of copper and nickel and perhaps another or two base metals gets so high due to demand or inflation etc, that it will be treated like a precious metal right? and will be measured out in Troy units rather than the common lb/ounce units.
Just a thought.
It will never happen. Many industrial metals are valued much higher than Cu or Ni, even at their historic highs. It wasn't that long ago when molybdenum was going for ~$40/lb. |
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Nickel prices, awesome
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