Is this worth it.

Discussions pertaining to the investing in, collecting and saving of U.S. CuNi Nickels and Canadian Ni and CuNi Nickels, and other coins containing nickel. Put in your "5 cents" here.

Is this worth it.

Postby Dave » Mon Jan 23, 2012 6:45 am

I have been saving all my nickels from 1961(the d's for 60 and 61) and earlier. I have them in rolls by years, the nickels with a mintage of <15 million I have them together in rolls(only found 2 1950D's). I have over $325 tied up in these. Is it worth it or not.
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Re: Is this worth it.

Postby henrysmedford » Mon Jan 23, 2012 7:43 am

Do you need the money . You could put it in a CD a less than a percent. I have tubes of Canadian cent and I am not Canadian it is fun to see what you find. No were else can you have entertainment and you get to keep the money. The next roll you open may have .999 Canadian , US silver war , ECT. Looks like I just talked myself into a box of 5 cents coins. :mrgreen:
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Re: Is this worth it.

Postby dakota1955 » Mon Jan 23, 2012 8:31 am

great on finding two 50-d stilling loking after many years. You can alway so down on your seaching for a while and then see what the market is doing.
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Re: Is this worth it.

Postby Dave » Mon Jan 23, 2012 12:44 pm

No, I don't need the money. I would still serch for canadian, wn, and lower mintage nickels. Just wondering if others saved all nickels from 1961 and earlier.
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Re: Is this worth it.

Postby slvrbck » Mon Jan 23, 2012 1:21 pm

I keep ALL nickels
Soooo... Is it just me or is a chart of US debt looking dangerously parabolic?
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Re: Is this worth it.

Postby dakota1955 » Mon Jan 23, 2012 1:42 pm

I save all before 1960
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Re: Is this worth it.

Postby dakota1955 » Mon Jan 23, 2012 1:42 pm

I save all before 1960
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Re: Is this worth it.

Postby adagirl » Mon Jan 23, 2012 1:46 pm

I keep every single nickel i obtain.
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Re: Is this worth it.

Postby Riles96 » Mon Jan 23, 2012 3:30 pm

Whats the deal with pre 1960 Nickels?
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Re: Is this worth it.

Postby creshka46 » Mon Jan 23, 2012 3:43 pm

Riles96 wrote:Whats the deal with pre 1960 Nickels?


Well every other denomination pre-60 is worth something! Why should the nickels get left out? ;)
Pennies: $4200 - (0) indians - (5)steel - (1) George V Canadian
Nickels: $6500 - (62)war - (23)buf - (1)V nic - (4) key date jeff's
Dimes: $5000 - (24)roos - (2)merc - (2)AgCAN
Halves: $8000 - (7)'64 - (33)40% - (1)walker
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Re: Is this worth it.

Postby CU Baker » Mon Jan 23, 2012 3:47 pm

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. 8-)
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Re: Is this worth it.

Postby nero12345 » Mon Jan 23, 2012 4:14 pm

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. 8-)

Well said. Keep what ya can, return what you must. Its all just a fun game. I turn in all my cupro for new boxes of nickels to find pre 82 100 percent stuff. One of the benefits of living in Canada. I hit 67 percent keepers on a penny box the other day. A personal best
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Re: Is this worth it.

Postby Z00 » Mon Jan 23, 2012 4:33 pm

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.
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Re: Is this worth it.

Postby nero12345 » Mon Jan 23, 2012 5:30 pm

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.


Did you read that article online? I'd love to give it a read. If you have a link give er a post please. Our Canadian 1982-2000 nickels are all CuNi. For some reason i hold all US nickel but not Canadian CuNi, I'm weird I guess, been brought up with the US dollar being so much higher than Canadian that it's instilled in me to keep it maybe. Love the nickel spot being over $9 a pound though.
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Re: Is this worth it.

Postby JadeDragon » Mon Jan 23, 2012 6:49 pm

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.
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Re: Is this worth it.

Postby henrysmedford » Mon Jan 23, 2012 7:14 pm

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
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Our American cousins have a strange obsession with one of their southern neighbours, whose bearded leader has outlasted nine of their presidents. Since 1960 the guardians of freedom have attempted to maintain a cordon sanitaire around Cuba, and it's forbidden to import Cuban products into the United States. It's quite understandable how the Americans should be peeved to have a guy in a Rambo suit thumbing his nose at them from just beyond their gate, and it sets a bad example for the rest of Latin America which is expected to defer to Washington.

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.
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Re: Is this worth it.

Postby Z00 » Mon Jan 23, 2012 10:29 pm

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. .

Nickel will outperform Gold in next 12 months: Deutsche Bank
http://www.commodityonline.com/news/nic ... 0-3-1.html
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Re: Is this worth it.

Postby JadeDragon » Tue Jan 24, 2012 2:00 am

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


I've never heard this before but I went direct to the Sherritt website and found there is some factual basis to this post, but I'm guessing there is some fiction to. Yes, Canadian based company Sherritt imports Ni ore from it's JV in Cuba. Yes it is processed in Alberta. http://www.sherritt.com/subsection6a2f. ... metals_moa

I can't confirm that the Canadian Mint uses Cuban nickel or not the statement is suspect because the writer's coin composition research is lacking. The statement "all Canadian five, 10, and 25 cent coins are made of Cuban nickel" is at best very misleading since Canadian coins under the dollar are actually made with Ni plated steel. Where there is some significant Ni is in the Loonie (91.5% nickel, 8.5% bronze plating made from 88% copper+12% tin) and Toonies (Ring: 99% nickel Center: 92% copper, 6% aluminium, 2% nickel.) Hard to take a statement on which company supplies metal to the Winnipeg Mint seriously when the writer does not correctly state what coins are made from.

According to Wikipedia Nickel article: "In terms of supply, the Sudbury region of Ontario, Canada, produces about 30% of the world's supply of nickel. The Sudbury Basin deposit is theorized to have been created by a meteorite impact event early in the geologic history of Earth. Russia contains about 40% of the world's known resources at the Norilsk deposit in Siberia. The Russian mining company MMC Norilsk Nickel obtains the nickel and the associated palladium for world distribution. Other major deposits of nickel are found in New Caledonia, France, Australia, Cuba, and Indonesia."

Nickel is mined by several companies in Sudbury, Ontario. This article gives some insights from 2008. http://www.miningweekly.com/article/val ... 2008-12-04 Nickel is also mined in Newfoundland.
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Re: Is this worth it.

Postby Hawkeye » Tue Jan 24, 2012 6:13 pm

Interesting stuff. Personally, I keep every nickel I get, but I do also separate the decent looking pre '64s. I figure that they might have a higher numismatic value than melt value. If I'm right, my "collection" is worth more. If I'm wrong, I dump them in with all the other nickels and it's no big deal.
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Re: Is this worth it.

Postby agmoose » Tue Jan 24, 2012 7:18 pm

I only keep the pre-60's. I realize they don't command any premium from a numismatic perspective, but I keep em. I also keep 2009s as those are a very low mintage, and I have been able to sell rolls of circulated ones easily.
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Re: Is this worth it.

Postby Hawkeye » Tue Jan 24, 2012 8:42 pm

Didn't know about the '09s. I'll have to watch for them from now on.
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Re: Is this worth it.

Postby sparechange » Tue Jan 24, 2012 10:09 pm

I keep the pre '60 seperate, and I keep the rest also. Try not to let a nickle slip past my dimming eyes.
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Re: Is this worth it.

Postby fb101 » Tue Jan 24, 2012 10:56 pm

I keep
all 'S' mints before 1960
war nickels
pre war nickels
"Old AU" - anything XF or better.
50 & 51 any mint - rare here, only 1 50d ever.
pre 82 canadians
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