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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 05/18/2010 : 10:39:05
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Right now, I know the prices are low enough that nickel is sold by the pound. Do you think prices will ever get to the point where it would be common place for it to be sold by the ounce? How long do you think it would take for prices to get to that point?
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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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natsb88
Administrator
USA
1850 Posts |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 05/18/2010 : 11:03:39
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| That is pretty. I know they are made out there but it doesn't seem that common place. You go to kitco and they have the price by the pound. Just wondering when main stream would start quoting prices by the ounce and you would go into a coin store and ask for an ounce of nickel just like you do for an ounce of silver. |
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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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 05/18/2010 : 11:21:36
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quote:
Originally posted by natsb88
BTW, I went to your site and all the nickel bullion is sold out. Must be pretty popular? Do you guys make the nickel bullion yourselves? |
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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natsb88
Administrator
USA
1850 Posts |
Posted - 05/18/2010 : 14:26:17
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| Yep, it's popular, and I have some new nickel items coming soon. I don't make it though, it's made by CMC. You get much more "bang for your buck" with Canadian nickels, but that hasn't slowed the sales of these bars at all. |
Nate
The Copper Cave
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 05/18/2010 : 17:36:37
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| So Natsb88 since you are the only one responding :-), how long do you think it will take for places like Kitco to price nickel per ounce vs per pound? or will that never happen? |
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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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 05/18/2010 : 18:46:22
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With copper and nickel being used as base metals for building and what not I do not see them ever being used in ounces. I would just assume to see the price per pound to go up to its demand price. I think copper was .70-.90 a pound at one time and the fact that its gone up at least 400% from those prices has not justified a change per ounce. Nickel is the same story. Does $50-100 pound copper sound likely? Maybe but by then people should see in inflated dollars.
Price per pound/ton will be the order of the day for a long time, I think copper would make it per ounce before nickel because it has been used for money longer and can be identified easy, 1 red metal VS. 100 kinds of silver metal.
Just my two cents! |
Robber Baron= Robarons |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/18/2010 : 19:10:03
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| I don't think it will ever be sold by the ounce except in novelty bars like the one above. |
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Think positive. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 05/18/2010 : 19:52:10
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| I don't expect to see the spot price (which is based on large paper contracts) priced in ounces any time soon, but that's not to say we can't see significant increases in price. |
Nate
The Copper Cave
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/18/2010 : 20:13:11
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quote:
Originally posted by natsb88
I don't expect to see the spot price (which is based on large paper contracts) priced in ounces any time soon, but that's not to say we can't see significant increases in price.
Oh, I agree with you on that. In fact, I got a couple of tons of 25/75% I'm betting on with.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Would nickel ever be sold by the ounce?
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