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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.

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.

Why ask why... just hoard!

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.

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!

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.

John_doe wrote: I felt I could cram it all in there.

that's what she said

Gamecock wrote:

John_doe wrote: I felt I could cram it all in there.

that's what she said

The office? Well played sir.