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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 02/21/2007 : 20:03:21
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Nickel's melt value 7 1/2 cents each.
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Nickel Coin Metal Value Reaches All-Time High: 7.5 cents!
Published February 21, 2007
Written by Alec Nevalainen
The nickel produced by the U.S. Mint with a face value of $.05 now has a metal value above $.075 following today's record nickel close on the NYMEX today. This is the first time the coin's metal value has reached this level, furthering speculation that the Mint may change its composition soon (or bewilderment as to why they're not considering it).
A coin's metal value that is only worth 2.5 cents more than its denomination may not seem significant, but it doesn't take many nickels to see the profit potential.
A standard $2.00 roll of nickels from the bank now has a metal value of $3.00. $10.00 in nickels is worth $15.00. $100,000 is worth $150,000 (and so on; input your own value at coinflation's coin metal value calculator).
Late last year, the U.S. Mint decided to create new rules prohibiting coin melting and mass exportation. This has dissuaded many from hoarding these coins or others seeking a quick payday from a metal recycler or smelter. However, several future scenarios could be profitable for the patient.
There's been increasing discussion of a North American-based currency similar to the Euro (nicknamed the 'Amero') where the U.S., Canada, and Mexico would merge monetary systems. Obviously, U.S. coins would become demonetized and ready for the melting pot at that point.
Also, If global nickel metal supplies continue to dwindle and supply can't meet demand, the U.S. Mint may not have a choice but to change the coin composition. A steel-based coin, similar to Canada's current circulating coinage would be the likely alternative. This event may allow the Mint to change the melting rules and allow new nickel (and copper) supply to enter the market.
The bottom line is that this is only the beginning. We have two powerful forces that are pushing metal prices higher and higher. Increased global demand (actually exponential demand) of a finite supply of natural resources and a U.S. currency that is steadily losing respect/value in the world.
The nickel's current metal value is simply an example of events to come.
To find out the intrinsic value of U.S. Coins (including pre-1965 silver), visit You must be logged in to see this link.
Alec Nevalainen
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Burn paper dollars before you melt coins.
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
 Posted - 02/22/2007 : 02:13:30
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ha!
HoardCode0.1: M28/5CAON:CA5Ni27615:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
How to read a HoardCode:
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/22/2007 : 07:27:26
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quote:
Originally posted by Canadian_Nickle
ha!
HoardCode0.1: M28/5CAON:CA5Ni27615:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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For those of you in Canada who hoard the 100% nickels I would say, 'Ha ha!' 
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Burn paper dollars before you melt coins. |
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n/a
deleted
479 Posts |
Posted - 02/22/2007 : 10:02:56
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I'll see your two HA's and raise you two, Ha Ha Ha Ha.
What I find interesting from the coinflation chart is the percentage of face,
especially after weighing the averages to account for the relative scarcity of pre 1982 pennies.
Right now the pre 1982 penny still has the best percentage value (of US coins).
180.34%
However the Nickel is closing in on it in percentage terms and you can easily get boxes that are 100% valued that high.
151.28%
The post 1982 US cent (penny) is at 86.64%
Since the sorting percentages seem to come up 75% or more Post 1982's we can calculate the average US cent value as follows:
(Post82 Value times 0.75) + (Pre82 Value times 0.25)
(86.64 x 0.75) + (180.34 x 0.25)
(64.98) + (45.09)
= 110.07%
Let's run the calculation on a lot of 90 post 1982s and 10 pre 1982s, shall we?
(Post82 Value times 0.90) + (Pre82 Value times 0.10)
(86.64 x 0.90) + (180.34 x 0.10)
(77.98) + (18.03)
=96.01
Summary Table:
Pre 1982 US Cents
180.34%
US Nickels
151.28%
Mixture of 75% post, and 25% pre 1982 US Cents
110.07%
Mixture of 90% post, and 10% pre 1982 US Cents
96.01%
Post 1982 US Cents
86.64%
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Paul Craig Roberts urges people to
DUMP DOLLARS! |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 02/22/2007 : 10:36:53
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Atheist, you make a coherent case for hoarding nickels instead of pre-1982 pennies. However, please consider the relative liquidity of the hoarding "investment" of pennies vs. nickels. Until someone demonstrates that CuNi nickels can be sold for metal value, I will consider copper pennies to be far more liquid as they are already of a more useful purity.
Of course I will be hoarding both anyway 
Oh, and yes, CuNi alloy is used in maritime applications as piping for steam plants. It is resistant to high temperatures and corrosion, which are both bonuses. Not used as much for diesel or nuclear plants, though.
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Penny Search Totals:
881 zincs (1982-2006) 77.1%
254 coppers (1959-1982) 22.2%
6 wheats (1940-1952)
1 dime (2004)
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beercritic
Penny Pincher Member
USA
112 Posts |
Posted - 02/22/2007 : 13:31:10
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Course, if they do revalue the 'cent' to 5 cents, I'd feel foolish having thrown most of my $ in nickels.
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Nickel's melt at 7.5 cents each
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