Page 1 of 1
$0.0612951
Posted:
Tue Oct 05, 2010 1:10 pm
by thedude
Makes me feel good about my nickel stack again.
Re: $0.0612951
Posted:
Tue Oct 05, 2010 1:11 pm
by dakota1955
look at the copper pennies to see there value
Re: $0.0612951
Posted:
Tue Oct 05, 2010 1:14 pm
by thedude
dakota1955 wrote:look at the copper pennies to see there value
I never feel bad about my penny stash.
Re: $0.0612951
Posted:
Tue Oct 05, 2010 1:17 pm
by blackrabbit
Time to go buy a few more boxes of nickels!
Re: $0.0612951
Posted:
Sun Nov 07, 2010 11:22 pm
by RxForPain
$0.0625883 is the melt value for the 1946-2010 nickel on November 05, 2010.
$0.0225443 is the melt value for the 1965-2010 dime on November 05, 2010.
$0.0563636 is the melt value for the 1965-2010 quarter on Nov. 05, 2010.
$0.1127283 is the melt value for the 1971-2010 half dollar on November 05, 2010.
Let's see one nickel is worth more than a dime or quarter... two nickels are worth more than a half. Makes me feel all warm/fuzzy yet scared as hell all at the same time.
Re: $0.0612951
Posted:
Thu Nov 11, 2010 10:17 am
by twentybux
Scared? Yes. Anxious? Yes. In the meantime, up, up and away!
Re: $0.0612951
Posted:
Thu Nov 11, 2010 7:01 pm
by Copper Catcher
I have repeated this question over and over but I feel the need to do it once again!
Why would some in their right mind want to tie up as an example $1.00 in nickels with a melt value in copper of $1.26 versus investing that same $1.00 in 95% copper pennies where you would get a melt value in copper of $2.65.
Source:
http://www.coinflation.com/coin_calculators.htmlIf you're truly in this for a return on investment and both are betting on copper making the coins worth more than the face value, why tie money up in nickels at all?
It can't be that people here are too lazy to sort...I know that is not the reason!
I know some might tout finding a war nickel... Yet, my response to that would be what about the bonus of finding wheat pennies that sells all day long for .03 to .04 each as well as the added bonus of the occasional Indian Head!
I'll never get why people opt to sort nickels!!
Re: $0.0612951
Posted:
Thu Nov 11, 2010 11:27 pm
by frugalcanuck
I like the .999 Ni
thats the only reason I sort nickels. I agree with your reasoning but Ni has been at $28 lb while Cu is near its record. There may be flaws in my reasoning so I will say it again.
I like .999 Ni
Re: $0.0612951
Posted:
Fri Nov 12, 2010 7:45 am
by TXBullion
Copper Catcher wrote:I have repeated this question over and over but I feel the need to do it once again!
Why would some in their right mind want to tie up as an example $1.00 in nickels with a melt value in copper of $1.26 versus investing that same $1.00 in 95% copper pennies where you would get a melt value in copper of $2.65.
Source:
http://www.coinflation.com/coin_calculators.htmlIf you're truly in this for a return on investment and both are betting on copper making the coins worth more than the face value, why tie money up in nickels at all?
It can't be that people here are too lazy to sort...I know that is not the reason!
I know some might tout finding a war nickel... Yet, my response to that would be what about the bonus of finding wheat pennies that sells all day long for .03 to .04 each as well as the added bonus of the occasional Indian Head!
I'll never get why people opt to sort nickels!!
Diversification. Just like with doing dumps, its good to spread the action aroud
It takes up a smaller amount of space than Cu. I also like that if your in a bind, you can take a brick and swap for 100 dollars within a shorter amount of time than Cu, plus you can obtain it back at the same amount relatively easy.
Plus, the biggest reason for me is knowing they are worth more in metal than face is too much of a reason to not participate at least a little.
A little Canadian Ni is good to have on like the Canuk says
Re: $0.0612951
Posted:
Fri Nov 12, 2010 11:29 pm
by RxForPain
Diversification is the name of the game. I believe you need your $$ spread across Gold, Silver, Copper, Nickel, Corn, Wheat, Oil, and whatever else you feel has long term value. I don't like all my eggs in one basket. We all see that copper cents have the greatest value at this moment, but what lies ahead is anyones guess .
Re: $0.0612951
Posted:
Sat Nov 13, 2010 12:07 am
by billo
@Copper Catcher:
Copper pennies: 0.83 cents per gram minus labor and materials or equipment for sorting, and either dumping or extra storage.
Cupronickel: 1.2 cents per gram, no sorting or dumping necessary to store full value. Pick up, stack up.
Re: $0.0612951
Posted:
Sat Nov 13, 2010 12:18 am
by billo
Pennies offer good profit, I would if I could, but nickels look great if time and space are limited.
Re: $0.0612951
Posted:
Sat Nov 13, 2010 2:25 pm
by TXBullion
Also thinking about it. Some people also sort and buy pennies. If you are buying presorted Cu, you are into them for more than face, hence, a potential downside (most likeley not, but the element of potential downside is present).
Re: $0.0612951
Posted:
Mon Nov 15, 2010 12:00 am
by misteroman
RX how does one diversify in wheat or oil without holding paper which could be worthless?
Re: $0.0612951
Posted:
Mon Nov 15, 2010 12:30 am
by RxForPain
Diversify in that your portfolio should include commodities and yes that means paper as well (PM's in hand), stocks, cash, real estate, guns, bullets, beans and etc. We are all preparing as best we can, but what is coming we all are not sure of. We are in a situation that is new ground not only for the US, but for the world economy as well. Our political as well as financial structure seems to lack the will to set things right and that is the real wild card. Will someone step up and set things right or does the car go over the cliff? At my age, income level, and view on what is happening I want to prepare for things if they get better as well as if everything goes south.
Paper as it is termed yields nice short term profits and provides $$ for other items. Commodities right now are crazy and again offer great short term profits. Real estate and in hand PM's offer security along with a hope of wealth preservation over the long haul. Stocks, cash, and other paper are held in the hopes things work out. I don't know anyone that has everything only in PM's. Maybe I am a fool, but it is just my two copper cents.
Re: $0.0612951
Posted:
Fri Nov 19, 2010 2:34 pm
by thedude
Copper Catcher wrote:I have repeated this question over and over but I feel the need to do it once again!
Why would some in their right mind want to tie up as an example $1.00 in nickels with a melt value in copper of $1.26 versus investing that same $1.00 in 95% copper pennies where you would get a melt value in copper of $2.65.
Source:
http://www.coinflation.com/coin_calculators.htmlIf you're truly in this for a return on investment and both are betting on copper making the coins worth more than the face value, why tie money up in nickels at all?
It can't be that people here are too lazy to sort...I know that is not the reason!
I know some might tout finding a war nickel... Yet, my response to that would be what about the bonus of finding wheat pennies that sells all day long for .03 to .04 each as well as the added bonus of the occasional Indian Head!
I'll never get why people opt to sort nickels!!
To be clear I don't sort nickels. I pull them from the change I receive. I would take five copper pennies over a nickel all day.
Re: $0.0612951
Posted:
Thu Nov 25, 2010 10:36 pm
by 999Ni
(exact value is $0.0594344212126) as of Thanksgiving day (coinflation.com)
Down a tiny bit from original post but oh well
Re: $0.0612951
Posted:
Wed Dec 01, 2010 9:17 pm
by 999Ni
(exact value is $0.0620802439344)
climb, you cupro-nickel, climb i say
Re: $0.0612951
Posted:
Thu Dec 02, 2010 10:49 pm
by HPMBTT
The (nickel) market is not cupro-ating.
Re: $0.0612951
Posted:
Thu Dec 02, 2010 11:15 pm
by TXBullion
HPMBTT wrote:The (nickel) market is not cupro-ating.
Thats a good one!
Re: $0.0612951
Posted:
Thu Dec 02, 2010 11:32 pm
by 999Ni
Re: $0.0612951
Posted:
Sun Dec 05, 2010 3:30 pm
by frugalcanuck
I think Rxforpain has the right idea. I think it is the right strategy for everyone regardless of age and income. If lower income just do it on a smaller scale. I do plan to profit if the economy takes off as well. I think we all should.