Riles96 wrote:Whats the deal with pre 1960 Nickels?
CU Baker wrote:Walk in the bank, hand them a hundred dollar bill and ask for $114.22. They will look at you like your nuts. Walk in the bank and buy a box of nicks and they just did.
Z00 wrote:Saw a recent article on how nickel may outperform gold this year.
My recent batch of world coins was heavy on french francs (98% Ni)
Agressive is paying 9/lb for what costs me 5 (Think I'll hold on for a while)
If you look at the 25% in a US nickel and compare it to the value of the Cu content, it just makes sense to hold on to some.
Keep in mind that the US has NO producing nickel mines and has to buy it all on the world market.
JadeDragon wrote:I read recently that 95% of the Ni used by the Allies in WWII came from Canada. Ni is used in armor so that was a significant contribution to the war effort.
nero12345 wrote:Did you read that article online? I'd love to give it a read. If you have a link give er a post please. .
henrysmedford wrote:JadeDragon wrote:I read recently that 95% of the Ni used by the Allies in WWII came from Canada. Ni is used in armor so that was a significant contribution to the war effort.
Is this true the the NI in your coins is from Cuba from http://www.gonanaimo.com/canada/sherritt.html
Alberta
Sherritt Nickel Smelter
Alberta, Sherritt Nickel SmelterThe irony here is that few people realize that every time they cross the U.S. border with Canadian coins jingling in their pockets, they are violating the Trading With The Enemy Act and liable to fines as high as US$250,000 and 10 years in prison! That's because all Canadian five, 10, and 25 cent coins are made of Cuban nickel. After the revolution the U.S. nickel mines at Moa in eastern Cuba were nationalized, and a Canadian company is presently involved in a joint venture with the Cuban government to process and market Cuba's nickel. Much of the 70,000 metric tones of nickel produced in Cuba each year is shipped to Sherritt International's cobalt/nickel smelter at Fort Saskatchewan, Alberta. The nickel/cobalt concentrate travels by ship from Cuba to Halifax, then by rail across the continent.
The Sherritt smelter is on the north side of Fort Saskatchewan, just off Highway 15 about 35 kilometers northeast of Edmonton. There's heavy security at the gate, but you can drive into the parking lot and turn around without difficulty. From the smelter, coiled strips of Cuban nickel are sent to the Canadian Mint at Winnipeg, Manitoba, where they're made into the coins we Canadians use every day. It's all a bit odd, and our dear friends south of the 49th parallel may not be completely mistaken if they sense that there's a little thumbing going on up here too.
From the series Unknown Sights of Canada by David Stanley
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