| Author |
 Topic  |
|
|
Nickelless
Administrator
USA
5580 Posts |
 Posted - 06/26/2008 : 04:52:44
|
|
I've heard both pro and con about war nickels for silver content--I think someone had said that refiners have trouble with the manganese content in the nickels. But I just got a second-chance offer on eBay on 19 rolls of war nickels that the seller is offering me for $599. That would be more than 42 ounces of silver at just under $14.20 an ounce. Half of my brain is telling me that I'd be an idiot not to accept this offer, the other half of my brain is telling me to save my FRNs for 90 percent junk coins. What do you guys think?
|
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
|
|
Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/26/2008 : 04:55:55
|
| Hey, I PM'ed about it. |
 |
|
|
Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/26/2008 : 05:03:35
|
btw, most people will say take, because they don't know about Bruners. Go to bruners!!! You get em for local too, I bought mine for 32 a roll when silver was 20/troz.
I say pass.
If this is more than 10% of your silver stash, I also am going to say pass completely on them and would advise you to never have more than 10% of your stash(preferably 5-7.5%) and to buy 90%, or cheaper 40%(My choice.)
I'm going to strangle you very soon if you don't make a trip over to the coin store and look at the prices for these things. Ask em for war nickels, they have some in that safe! Sell 90% for 12x, too. Pretty good deals over there if you ask me. Just don't go around trying to get good deals on .999+, they think spot is 22 or something. >_< |
Edited by - Gr33nday43 on 06/26/2008 05:11:12 |
|
|
|
kavajava
Penny Collector Member
USA
490 Posts |
Posted - 06/26/2008 : 13:18:43
|
I am not a big fan of war nickels (unless of course you get them at face).
I'd pass--unless of course you know you can turn them for a quick profit--and use the money for 90%--(or 40% as Gr33nday43 notes--it is cheaper, although personally I don't have much--I am still debating about the relative merits...hmmm, maybe I should start a new thread about that).
|
|
|
|
Nickelless
Administrator
USA
5580 Posts |
Posted - 06/26/2008 : 18:36:06
|
quote:
Originally posted by kavajava
I am not a big fan of war nickels (unless of course you get them at face).
I'd pass--unless of course you know you can turn them for a quick profit--and use the money for 90%--(or 40% as Gr33nday43 notes--it is cheaper, although personally I don't have much--I am still debating about the relative merits...hmmm, maybe I should start a new thread about that).
I just got a message from the guy saying that he sold the nickels, so that's not an issue any more for me at the moment, but I think another thread on the merits of holding war nickels would be good. I still have a couple rolls. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/26/2008 : 19:09:56
|
| You all know I like nickels......... but I don't like war nickels as a silver investment at all. I would much rather have 40% halves instead. I hold on to the ones I find but I'm not interested in buying them for their silver content due to the reasons you stated. I can see a colector's value to them perhaps someday though. |
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. |
|
|
|
jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/27/2008 : 00:48:25
|
As some might have noticed, I paid a good price for $1.20 face in war nicks on this board recently. I've found two of them while sorting and hope to find more over time. So I picked these up as a referance set for calibrating to sort for war nicks on the Ryedale someday. Also they got shipped for free riding along with the Canadian Silver I bought at the same time.
I had never seen a War Nick before starting to roll sort, and thought I had found two of the uglier ones in circulation. Now that I have some more... I realize they are all ugly! |
“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
Passive Income blog |
|
|
|
Nickelless
Administrator
USA
5580 Posts |
|
|
fiatboy
Administrator
912 Posts |
Posted - 06/27/2008 : 23:26:44
|
War nix are the bane of refiners, and therefore, when the time comes to sell, you won't get anywhere close to the value of the silver content. I'd buy 90% junk or .999 bullion---or pennies!  |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
|
|
|
Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 06/27/2008 : 23:49:32
|
| My local shop only pays 40 cents for war nickels. You can sell on E-bay for .75-1.00. I have a roll or two, but I prefer to get 40 or 90%. |
Are you throwing that out? |
|
|
|
jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/28/2008 : 00:43:53
|
quote:
Originally posted by Nickelless
Just curious, Legacy, are you going across the border to buying war nickels in the U.S. or are you buying them online?
Picked them up from the comfort of my own home via simplicitycounts in this thread You must be logged in to see this link.
along with a bunch of Cdn Silver.
Of course had I waited I might have got the 14% discounted offered on the 40% later... by hey, no gas, no fees, and a fellow member selling, so no complaints here. |
“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
Passive Income blog |
|
|
| |
Topic |
|
Should I take this deal or not?
Forum Locked
