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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 12/18/2009 : 01:48:52
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Ive been picking up foreign copper and nickel coins at the local coin store in their junk bin.
For example, yesterday, I found a big 1965 1 crown with Winston Churchill for 8 cents. When I looked it up, it says it is copper nickel but gives no weight
The world coin book doesn't seem really good at giving weights for copper nickel composition coins.
From an investment standpoint, would it be better just to amass a big amount of copper nickel world coins and weigh them vs trying to go online to determine the exact weight for the copper nickel of each coin?
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 12/18/2009 : 04:25:11
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| I'll sell you all the CuNi you want in the form of meltable Cdn nickels. 5 cents US a coin and $10 US shipping per flat rate box. Faster and cheaper then digging through coin bins (not as fun though) |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 12/18/2009 : 06:52:51
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| Well that didnt really answer my question but thanks. Can anyone give me some good advice on looking up weight of foreign nickel copper? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
Edited by - PennySaved on 12/18/2009 07:00:48 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 12/18/2009 : 08:21:57
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From what I have been able to find so far, your crown weighs 28.28 grams. It was 5 shillings (60 pence or 1/4 of a sterling pound) in the pre-decimal days.
The decimal crowns are 25 pence, still a 1/4 sterling pound. They are also still legal tender.
So one could buy a British Pound for 32¢. If you have a trip to the UK planned one could make a few bucks, if one could buy a decent quantity.
IMHO you would be better off hoarding and saving either Cu or Ni, or both. But not the alloy CuNi. Scrap yards and refiners are not going to give you the theoretical MV. You will get CuNi prices. Just like brass, you will not get the individual prices for each metal.
Don't take my word for it, do a little research on it. Go talk to a scrap dealer, take a few specimens with you and just flat out ask them.
As far as looking up weights on CuNi coins in general, I don't know of any single source. Just have to do some poking around on the web. Maybe there are some reputable books on the subject, I don't currently know of any. Even then, like everything else, take the info you find with a grain of salt... I have found conflicting info...
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Edited by - Bluegill on 12/18/2009 08:22:31 |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 12/18/2009 : 13:15:39
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quote:
Originally posted by Bluegill
IMHO you would be better off hoarding and saving either Cu or Ni, or both. But not the alloy CuNi. Scrap yards and refiners are not going to give you the theoretical MV. You will get CuNi prices. Just like brass, you will not get the individual prices for each metal.
I concur with this statement. Copper-nickel is neither copper nor nickel, so I don't see any hypothetical bullion value to it, unless somebody comes up with a cheap and easy way to separate copper from nickel. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 12/18/2009 : 14:24:28
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| Would you have picked up a 1965 British Crown for 8 cents? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 12/18/2009 : 19:14:48
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quote:
Originally posted by PennySaved
Would you have picked up a 1965 British Crown for 8 cents?
Yes, so I could have one for the collection. I already have the '72 wedding anniversary and the '77 Silver Jubilee.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/18/2009 : 21:45:03
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quote:
Originally posted by Cerulean
quote:
Originally posted by Bluegill
IMHO you would be better off hoarding and saving either Cu or Ni, or both. But not the alloy CuNi. Scrap yards and refiners are not going to give you the theoretical MV. You will get CuNi prices. Just like brass, you will not get the individual prices for each metal.
I concur with this statement. Copper-nickel is neither copper nor nickel, so I don't see any hypothetical bullion value to it, unless somebody comes up with a cheap and easy way to separate copper from nickel.
Someone ought to tell the Maritine industry they are paying way too much for it then. |
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Think positive. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 12/19/2009 : 20:43:02
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quote:
Originally posted by Bluegill So one could buy a British Pound for 32¢.
Not really. He just happened across one crown that was on sale from a dealer for 8¢.
quote:
Originally posted by Bluegill As far as looking up weights on CuNi coins in general, I don't know of any single source.
That's something I've noticed. Coin books tend to be very specific about how much silver or gold is in a coin, but copper or nickel or CuNi or aluminum or steel or zinc or whatever else, not so much. Until collecting of base metals as bullion becomes more widespread, I imagine this will not ever be easy info to come by. Oh well. |
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Edited by - uthminsta on 12/19/2009 20:43:44 |
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sheba
Penny Pincher Member
USA
191 Posts |
Posted - 12/19/2009 : 21:00:50
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Hi all,
Okay, I'm gonna' show my 'stupidity' with these questions ... mostly I save pre-82 US cents. But recently my wife has been enjoying going through US nickels, mainly looking for war nickels and other pre-1960 dates.
I understand that a US nickel is combination of copper and 'cupronickle' ('CuNi'). Is this correct?
If it is, why hoard US nickles if the foreign 'CuNi' coins are not worth keeping?
Sorry for this 'dumb' question, but I don't understand the difference ... specially if the 'melt ban' on US coins in the US is lifted, scrap metal dealers won't want US nickels any more than they would want foreign 'CuNi' stuff?
Help! Understanding is needed here 
Thanks
Sheba |
woof ... wag ... whine |
Edited by - sheba on 12/19/2009 21:03:58 |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 12/21/2009 : 14:03:53
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by Cerulean
quote:
Originally posted by Bluegill
IMHO you would be better off hoarding and saving either Cu or Ni, or both. But not the alloy CuNi. Scrap yards and refiners are not going to give you the theoretical MV. You will get CuNi prices. Just like brass, you will not get the individual prices for each metal.
I concur with this statement. Copper-nickel is neither copper nor nickel, so I don't see any hypothetical bullion value to it, unless somebody comes up with a cheap and easy way to separate copper from nickel.
Someone ought to tell the Maritine industry they are paying way too much for it then.
i work in the maritime industry. That Cu/Ni alloys used in shipbuilding are only used for seawater cooling piping in steam or diesel engine systems (not gas turbine or electric plants). This is because the copper naturally prevents biofouling from algae and barnacles on the interior of the pipes, while the nickel provides needed strength reinforcement. However, only a few dozen merchant ships are built every year (except in hard times like these), and they maybe use 5 tons of Cu/Ni piping each. Do the math... coinage has a bigger impact on the industrial copper and nickel prices than marine piping does.
The US nickel is not a blended alloy of copper and nickel.... it is not homogenous. Instead, the nickel is applied to a core of copper. If the marine industry wanted this Cu/Ni for piping, they'd have to go through the expense of melting down and blending it evenly. Anyone who wants just one of the metals will have to find a way to strip out the other unwanted metal. |
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2010 First Finds Contest
Are you a Buffalo Hunter?
Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
Cerulean's Standing Offer: $3/lb shipped for foreign coins |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 12/21/2009 : 14:44:07
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| Please don't melt foreign coins it will make me sad. |
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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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 12/21/2009 : 23:56:45
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I am pleased to announce that I made a forum specifically for discussing foreign coins. I hope everyone here will register and join in. We will have many world coin composition discussions, haha.
You must be logged in to see this link. |
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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Copper Nickel Foreign Coins
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