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BOHICA
Penny Sorter Member
USA
41 Posts |
 Posted - 08/04/2009 : 12:53:13
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While searching FeeBay I came across a seller getting rid of several lots of War Nickels with the bidding considerably less than melt value. I bid on all ten lots and ended up winning 8.
Final total:
891 War Nickels worth $734.92 (as of this mornings spot price) for $598.53 with shipping! 
Needless to say, I'm quite happy! 
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/04/2009 : 12:57:26
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| Looks like he lost a lot on those lots. Gratz on your end. |
Trolling is an art. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/04/2009 : 13:24:08
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That's a good price; 67c each.  It's very close to APMEX's buy price at 65c each. You got a good deal.
I've always shied away from buying the War Nicks. The dealer buy at APMEX is $13/$1 face, and they sell for $15.75/$1 face (for $100 worth); nearly an 18% discount. Smelters don't want them because of they are 9% manganese. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/04/2009 : 13:56:26
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| nice pickup! |
Inquiring minds want to know |
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BOHICA
Penny Sorter Member
USA
41 Posts |
Posted - 08/04/2009 : 15:58:01
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| Country: What effect does Manganese have on the smelting? |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 08/04/2009 : 22:32:05
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quote:
Originally posted by BOHICA
Country: What effect does Manganese have on the smelting?
Pardon me for typing an answer to a question directed at you, Country.
It makes the recovery of the other metals more difficult, i.e. it costs more to refine the desired element from the alloy. |
There's profit if you melt things!!
8{> |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/04/2009 : 22:43:20
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quote:
Originally posted by Country
That's a good price; 67c each. It's very close to APMEX's buy price at 65c each. You got a good deal.
I've always shied away from buying the War Nicks. The dealer buy at APMEX is $13/$1 face, and they sell for $15.75/$1 face (for $100 worth); nearly an 18% discount. Smelters don't want them because of they are 9% manganese.
I can't get a job (besides mowing lawns tpe stuff) for another few months so I have been concentrating money on pennies but, I would like to hold a small hoard of these(a few hundred dollars) even though I prefer 90% and 40%.
Apmex's deal on FV $1 as low as $1.25 below melt is a steal. Unfortunatley you have to buy 200+ lots, currrently a minimum of $3058 ! |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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SCORE!!!! On War Nickels!
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