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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 07/07/2007 : 17:17:44
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What a day…
I am beat.
It was a productive day but tiring.
Last week while at my new source of silver, I overheard the owner talking to another customer about how he usually would buy coins for scrap value if they were too beat up to resell.
He mentioned to the customer that he had a large surplus of foreign coins, and showed them off in a big tub, to explain to the customer that non silver foreign coins don’t really sell. Seeing all those coins made me decide on a plan of action.
Today, armed with some cash (and a magnet), I asked the owner to see the foreign non-silver coins and went fishing for nickel coins. I realized I might end up with some steel coins, but it was a chance worth taking. There were also Canadian Coins in with the foreign, and I was able to buy them at face value (one US Dime for a Canadian Dime, one US Nickel for a Canadian Nickel)
End result:
Canadian Quarters- $ 21.00 Face
Canadian Dimes- $7.30 face
Canadian Nickels- $2.85 face
Not included with the figures above were two zinc cents and one steel dime from Canada, still nice to “catch” so many nickels though.
I realize that the Canadian Dimes and quarters don’t have much of a premium, but nickel is still nickel, so why not get as much as I can while there is still a supply?
Non-Canadian nickel coins- 3 pounds worth
These were French francs, Netherlands coins (1 and 2 ½ guilders and smaller), a few Swiss coins (some Swiss coins were nickel, but they switched over some years back, I “caught” them with the magnet.)
I did end up with some steel coins, but it was worth catching so many nickel coins that the steel didn’t make much of a difference. (Too bad there isn’t a way to catch and release.)
Aruba and the Cayman Islands are steel coins (the ones I “caught”), and most of the South American coins are steel so keep that in mind when looking for foreign coins for nickel content.
One thing worth mentioning is the French 5 Franc coin. The magnet picked it up but its content is nickel clad copper nickel. The magnet picked up the outside nickel shell. I guess it falls under the category miscellaneous nickel/copper nickel.
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly.
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Edited by - pencilvanian on 07/07/2007 17:19:06 |
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"Fishing" for nickels
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