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My first purchase of Canadian Nickels
Posted:
Sat Oct 01, 2011 3:48 pm
by Derek.Sheriff
I've been waiting a long to buy some until I could find a reasonable price. Just the other day I bought 20lbs from a member of the forum and 5 more pounds on eBay! I know I paid well above spot price, but I'm confident that the price of nickel will at least double or triple sometime in the next decade, while 99.9% Canadian nickels still in circulation will only become harder to find and more expensive to buy on the secondary market.
What can I say...I'm psyched
Re: My first purchase of Canadian Nickels
Posted:
Sat Oct 01, 2011 4:34 pm
by Nickelmeister
If you are looking for larger quantities, don't be afraid to ask!
That's why they call me the Nickelmeister
Re: My first purchase of Canadian Nickels
Posted:
Sun Oct 02, 2011 10:59 am
by Derek.Sheriff
Nickelmeister wrote:If you are looking for larger quantities, don't be afraid to ask!
That's why they call me the Nickelmeister
Ah yes. Your reputation precedes you sir! I will have to wait until later this month at least. But I will PM you when I'm ready. Thanks!
Re: My first purchase of Canadian Nickels
Posted:
Sat Oct 08, 2011 11:58 am
by Hawkeye
I just bought my second round of Canadian nickels the other day. I probably paid too much, but I am excited about them. Someday I will make a "big time" purchase.
Re: My first purchase of Canadian Nickels
Posted:
Wed Nov 02, 2011 8:33 am
by marine70
When I was in the Navy I was a molder which to civilians would be a foundry worker. We had raw nickel that we used in stainless steel the melting temperature far exceeds all the other ingrediants. You could take a sledge hammer to a piece of nickel it would not even make a mark on the metal. Just thought I would throw that in for coversation sake.
Re: My first purchase of Canadian Nickels
Posted:
Wed Nov 02, 2011 8:52 am
by 68Camaro
I bought some rolls from a RCer a month or so ago to supplement my extremely limited pickings from local sorting. Something very satisfying about them. Nothing wrong with the US cupro-nickels, and that alloy serves a different and useful purpose all its own, but the pure nickel just makes so much sense for use in a coin, as well as a metal stash. Very jealous of our Canadian friends still having 40% Cu penny yield, and 10+% bullion nickels available.
Re: My first purchase of Canadian Nickels
Posted:
Sat Nov 05, 2011 6:53 pm
by Hawkeye
I don't know what it is about Canadian nickels that I like so much, but I love them. I pay way over spot for them and I don't care. It's weird. Maybe it's the fact that its .999 pure. That's impressive no matter what the metal.
Re: My first purchase of Canadian Nickels
Posted:
Mon Nov 07, 2011 3:38 pm
by ZenOps
I like that they are almost instantly recognizable as being .999 from looking at a distance.
All pre-1981 Cdn nickels are #1 magnetic and #2 have the "young" version of the queen with the crown or laurel. Also, if not sure, the date is huge and easily readable.
All 82 to 99 cupronicks are non magnetic, and steel nickels are mostly the fathead no-crown version.
US pennies are a little painful for me, the date is tiny, and you can't tell at a distance whether its copper or zinc.
Re: My first purchase of Canadian Nickels
Posted:
Sun Nov 27, 2011 3:36 pm
by cupronickel
Am I correct that 100 nickels = 1 pound
so 20 ponds is $100 canadian face value ?
How much did you pay ?
Re: My first purchase of Canadian Nickels
Posted:
Sun Nov 27, 2011 4:16 pm
by mtalbot_ca
68Camaro wrote:I bought some rolls from a RCer a month or so ago to supplement my extremely limited pickings from local sorting. Something very satisfying about them. Nothing wrong with the US cupro-nickels, and that alloy serves a different and useful purpose all its own, but the pure nickel just makes so much sense for use in a coin, as well as a metal stash. Very jealous of our Canadian friends still having 40% Cu penny yield, and 10+% bullion nickels available.
I tell you .... when I started, I think I hit a ''virgin'' patch of metal.
I was getting 60% copper and 22% pure nickels. Looks like I dried it out. Now I am down to the ''normal'' average of 43% copper and 10% nickel.
Cheers,