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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 06/25/2010 : 01:31:03
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To calculate the theoretical CuNi price (its not traded on any exchange I am aware of), multiply the price of copper by 0.75, then multiply the price of nickel by 0.25, then add the two numbers.
Today you get: $4.4587/lb.
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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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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 06/25/2010 : 10:30:44
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Is it worth sorting out the World coins according to CuNI content?
I know you said in the past there is more of a market for the pure nickel world coins.
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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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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/25/2010 : 16:29:12
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| I am personally more keen to hoard .999 Nickel, but since there seems to be plenty of folks who hoard US nickels, it only makes sense for them to also grab foreign CuNi if the price is right. I have sold Mexican and British CuNi for bullion price on Realcent in the past. It has an advantage over US stuff since you can melt it without legal consequences, but on the other hand doesn't have the deflation hedge of being legal tender, so its a double-edged sword. The downside is very mitigated though, since foreign coins usually sell to collectors for at least 5 cents a piece no matter what their composition - most dealer junk boxes are 10 for a dollar, for example. |
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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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 06/26/2010 : 00:21:43
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quote:
Originally posted by AGgressive Metal
To calculate the theoretical CuNi price (its not traded on any exchange I am aware of), multiply the price of copper by 0.75, then multiply the price of nickel by 0.25, then add the two numbers.
Today you get: $4.4587/lb.
At the risk of stating the obvious:
You must be logged in to see this link. makes it pretty easy to keep up to date on the max melt price on a daily basis. |
There's profit if you melt things!!
8{> |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 06/26/2010 : 09:20:23
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| Problem is coinflation doesn't have the melt value of all the world coins so you almost have to calculate |
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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ZigMeister
Penny Pincher Member
USA
229 Posts |
Posted - 06/29/2010 : 15:17:46
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This is how I've been calculating the CuNi value of foreign CuNi coins.
Coinflation shows the metal value of the US CuNi Nickel. US Nickels weigh 5 grams. I take the Coinflation value of the nickel and divide by 5 to get a per gram value for CuNi. Multiply that per gram value by the gram weight of any CuNi foreign coin/coins to get their value. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 06/29/2010 : 19:08:59
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| that does actually work well! Thanks zig |
"May your percentages ever increase!" |
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How to price 75/25 CuNi
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