The copper cent goes to .10 each melt, where will that place the CuNi if nickle prices remain where they are?
This seems kind of like a silly question, but I'm kind of wanting to get some CuNi positions.
If....
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Re: If....
by merchoarder » Mon Jun 06, 2011 5:17 pm
My math could be off but after some quick calculations, if a copper penny had a melt value of ten cents, a nickle would be worth approximately 15.4 cents if the price of nickle remained the same.
Copper today at 4.13lb, melt value for a penny = .027: for melt to be .10 Cu would have to be ~15.28lb.
A nickle is %75 Cu %25 nickle. Coinflation provides the formulas to figure it out from there.
Copper today at 4.13lb, melt value for a penny = .027: for melt to be .10 Cu would have to be ~15.28lb.
A nickle is %75 Cu %25 nickle. Coinflation provides the formulas to figure it out from there.
"If you don't do it this year, you'll be one year older when you do" Warren Miller
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merchoarder - Penny Hoarding Member
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Re: If....
by John_doe » Mon Jun 06, 2011 10:03 pm
OtusLotus wrote:Why ask why... just hoard!
I hoard pennies, and nickles before 1960. I was just going to see how deep I wanted to dive in. For now copper cents seem to be of the highest priority for me, but I may start shifting a little more into CuNi as the copper cent supply fades.
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Re: If....
by OtusLotus » Mon Jun 06, 2011 11:10 pm
I was just playing man... I also hoard pennies, and keep all of my pre 1960 nicks, although I don't really find that many...
It is always good to diversify, it is just the time and effort that is the tough decision... those dates on those nickels sure give me trouble sometimes.. boy am I getting old!
It is always good to diversify, it is just the time and effort that is the tough decision... those dates on those nickels sure give me trouble sometimes.. boy am I getting old!
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OtusLotus - Penny Hoarding Member
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Re: If....
by John_doe » Tue Jun 07, 2011 12:09 am
OtusLotus wrote:I was just playing man... I also hoard pennies, and keep all of my pre 1960 nicks, although I don't really find that many...
It is always good to diversify, it is just the time and effort that is the tough decision... those dates on those nickels sure give me trouble sometimes.. boy am I getting old!
I hear you, it is far easier to go buy a box of nickles, as opposed to going to the bank and picking up pennies, sorting, and dumping zinc.
Sorry for the run on sentence, I felt I could cram it all in there.
Ancora Imparo
"You can't control the wind, but you can adjust your sails."
-Albert Einstein
"You can't control the wind, but you can adjust your sails."
-Albert Einstein
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Re: If....
by Gamecock » Tue Jun 07, 2011 4:37 pm
John_doe wrote: I felt I could cram it all in there.
that's what she said
"When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
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Gamecock - Penny Pincher Member
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Re: If....
by John_doe » Wed Jun 08, 2011 4:48 am
Gamecock wrote:John_doe wrote: I felt I could cram it all in there.
that's what she said
The office? Well played sir.
Ancora Imparo
"You can't control the wind, but you can adjust your sails."
-Albert Einstein
"You can't control the wind, but you can adjust your sails."
-Albert Einstein
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