- Assume Ni at $20USD/lb = $1.25/oz(a) = $1.37/oz(troy).
- With Ni at $1.37/ozt it is just about 10% the value of Silver, which is between $14.50 and $15.00
- Someone here said "Nickel....the poor mans silver..." Very True!
- A US 5 Cent "Nickel" at 25% Ni + 75% Cu and a coin weight of 5 grams, has a 90.8 count per pound or $4.54UDS/lb: 1 lb x 25% x $20/lb Ni = $5 in Ni content alone. That means there is a "Free" $0.46 in Ni + "Free" Copper of 0.75 lb x $2.50ish/lb = about $3 total "Free" value per pound of coins.
- I never really thought about it, but a "Nickel" at face value of 5 cents has been worth it's Ni contentent alone ever since Ni traded above $18.16/lb.
Keep on Hoarding boys!!!
40 year old guy trying to look out for my family. My great country is headed for the dumpster....and worst yet, no one knows/cares it is happening.....
I plan to get as many US Nickels 75% copper 25% Nickel as I can between now and when they stop letting me.
Peace!
.................................................................................................. You must be logged in to see this link. Paul Craig Roberts urges people to DUMP DOLLARS!
- Assume Ni at $20USD/lb = $1.25/oz(a) = $1.37/oz(troy).
- With Ni at $1.37/ozt it is just about 10% the value of Silver, which is between $14.50 and $15.00
- Someone here said "Nickel....the poor mans silver..." Very True!
- A US 5 Cent "Nickel" at 25% Ni + 75% Cu and a coin weight of 5 grams, has a 90.8 count per pound or $4.54UDS/lb: 1 lb x 25% x $20/lb Ni = $5 in Ni content alone. That means there is a "Free" $0.46 in Ni + "Free" Copper of 0.75 lb x $2.50ish/lb = about $3 total "Free" value per pound of coins.
- I never really thought about it, but a "Nickel" at face value of 5 cents has been worth it's Ni contentent alone ever since Ni traded above $18.16/lb.
Keep on Hoarding boys!!!
40 year old guy trying to look out for my family. My great country is headed for the dumpster....and worst yet, no one knows/cares it is happening.....
Great post. I hope you don't mind but I shared you information on another forum.
***************** The above post is intended for entertainment purposes only and in no way reflect the opinions of the flesh and blood person writing the text. All writings under the screen name "copperhead" are merely a characterization of the personna created.
Comparing Nickel price to Silver/Gold
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Posted - 02/25/2007 : 11:03:43
Posted - 02/25/2007 : 18:02:24
