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DadaOrwell
Penny Sorter Member
99 Posts |
 Posted - 05/24/2007 : 08:54:33
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just wondering .... since I heard it is considered contaminated copper.
will cupronickle nickels really even have a melt value?
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 05/24/2007 : 09:31:44
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Here is a place that sells cupro nickel 25/75 bars (same composition as nickels). Send them an e-mail and ask waht a ton of them would cost you :
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The problem with cupro-nickel is that it is not as widely used or recycled as copper. If you take it into your typical scrap yard, they will not be used to dealing in it. As such they will give you a low-ball crap offer.
If it were legal to melt nickels at the moment, the way to go about selling them would be to find one the few scrap yards that is use to dealing in cupro nickel. This scrap yard would likely be located in/near a major port city or at least a coastal city. Cupro nickel is used for building ship parts, for desalination plants, and for power plants cooled with sea water.
Once it is legal again to melt nickels and nickel nickels are mostly pulled from circulation, it is likely that a more liquid market will develop for them. Right now there are no nickels available to melt (because it is illegal) so there is no market for them...
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 05/25/2007 : 00:45:32
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From what I understand, many industrial processes use blended cupro nickel. The percentages are wrong, but I am told that, because of different melting points, already melded cupro nickel is attractive. Add the right amount of copper or nickel to make the percentage that you need and you have a cheaper product than buying from industrial wholesalers.
That being said, the price spread is still pretty slim. But it does not take away from the limited downside (cost = face) and potential upside of nickels. |
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DadaOrwell
Penny Sorter Member
99 Posts |
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Frugi
Administrator
USA
627 Posts |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 05/31/2007 : 19:00:29
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There is really no problem in separating the metals since they have very different melting points. When making metalic mixtures the materials must be agitated or mixed frequently or they will separate. Any decent metal recycler can do this. However, you would need a massive amount of coins to make it worth the trouble and risk involved so unless you have such a massive amount you would be much better off just collecting them for tomorrow. Of course there is always a bank to put them in.
Carl |
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Topic |
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Is melting down cupronickel even practical?
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