Nickel Close to a 5-Year High

[thecrazyone]

Usually the government tries to come up with a cheaper base metal. So the nickel would be made out of zinc or steel. Some would argue for the elimination of the denomination.

Thanks- yep, I get the transition to a diff metal, like had been the case with the penny, but I did not know if the OP was hinting to the fact that minting of that coin might just stop overnight, or, if they meant otherwise. That's all.

[Cu Penny Hoarder]

$10.89 as I type this.

Get them now before TPTB remove them from circulation.

Are you saying that the US Government would simply stop minting them? I'm not trying to sound smart in any way, just curious as to what could/might happen.

Yes, or make them out of steel. Even zinc is getting too expensive now.

[Recyclersteve]

Some countries use plastic. It looks like play money!

[frugi]

I believe that is now a 10-year high. Can someone confirm?

You are correct, actually ten years and change (no pun intended). In the Summer of 2011, it got up to $11.22 a pound, but was down to approximately 9 by the end of the year. 2011 was my first year of pulling them. Wish I had started sooner.

In 2012 Ni metal was close to $30.00 per pound. I know because I was selling $5.00 in face (1 lb.) For $36.00 shipped.

[Silver4face]

I believe that is now a 10-year high. Can someone confirm?

You are correct, actually ten years and change (no pun intended). In the Summer of 2011, it got up to $11.22 a pound, but was down to approximately 9 by the end of the year. 2011 was my first year of pulling them. Wish I had started sooner.

In 2012 Ni metal was close to $30.00 per pound. I know because I was selling $5.00 in face (1 lb.) For $36.00 shipped.

Congratulations on your sales (36 cents per nickel is awesome); HOWEVER, you are off by at least 2 years, maybe more. Your $30.00 per pound quote may have existed for a shot time, but it was more like 2010, maybe even before that. I remember 2012 extremely well as that was my first year of selling copper and CAD nickel. I was checking metal prices almost every day. Perhaps other members here can chime in on previous prices.

[frugi]

Ok. You are right. Time Flies. It was 2007. Ni reached $54,000.00/ton. I must have been getting a bit of a premium at the time for the nickels price was selling. I was one of the very first, if not the first eBay sellers that started selling Canadian nickels as Ni bullion. I made a killing at the time.

[shinnosuke]

Ok. You are right. Time Flies. It was 2007. Ni reached $54,000.00/ton. I must have been getting a bit of a premium at the time for the nickels price was selling. I was one of the very first, if not the first eBay sellers that started selling Canadian nickels as Ni bullion. I made a killing at the time.

Hello, I'm from the IRS and I must say that your 2007 tax returns don't seem to indicate that you made a killing, as you say. I'll be right back with our pit bulls and colonoscopy team to begin your audit.

[Cu Penny Hoarder]

Ok. You are right. Time Flies. It was 2007. Ni reached $54,000.00/ton. I must have been getting a bit of a premium at the time for the nickels price was selling. I was one of the very first, if not the first eBay sellers that started selling Canadian nickels as Ni bullion. I made a killing at the time.

Hello, I'm from the IRS and I must say that your 2007 tax returns don't seem to indicate that you made a killing, as you say. I'll be right back with our pit bulls and colonoscopy team to begin your audit.

Was Ebay sending 1099's back in 2007?

[Silver4face]

According to coinflation, it is now up to 10.94. Might we see 11 tomorrow (Friday)?

[Silver4face]

It is now $11.20

[TXSTARFIRE]

Melt value now at 6.8 cents for a US nickel.

[Cu Penny Hoarder]

Melt value now at 6.8 cents for a US nickel.

5 gallon buckets are full!

[frugi]

The Canadian nickels are better though being they are pure .9999 Ni.
1955-1981’s are worth $0.11 each!!!

[Cu Penny Hoarder]

The Canadian nickels are better though being they are pure .9999 Ni.
1955-1981’s are worth $0.11 each!!!

Yes, but CA's are much harder to find these days.

Don't forget the older French Francs as well, also 99% Ni.

[frugi]

Oh yeah. I had piles of French francs but I have been selling them to kids at the flea market for a dollar apiece.

[TXSTARFIRE]

Nickel $11.80 this morning. Melt value on a U.S. Nickel is now 7 cents.

[Silver4face]

Nickel $11.80 this morning. Melt value on a U.S. Nickel is now 7 cents.

Saw the same thing and was going to post, but you beat me to it. LOL
Is it time for increased hoarding?

[shinnosuke]

Nickel $11.80 this morning. Melt value on a U.S. Nickel is now 7 cents.

Saw the same thing and was going to post, but you beat me to it. LOL
Is it time for increased hoarding?

You guys are collecting the wrong nickels.

Screen Shot 2022-02-25 at 13.38.50.png (12.51 KiB) Viewed 6181 times

[Silver4face]

Your screen shot refers to war nickels. Most of us collect those too.

[shinnosuke]

Your screen shot refers to war nickels. Most of us collect those too.

I’m so sad when my lame attempts at humor don’t communicate well.

[Cu Penny Hoarder]

As I type this, a US Nickel is now worth 0.07125 cents.

Get 'em while you still can gents!

[dpwozney]

Coinflation

"$0.05
$0.0741728
148.34%

Table based on March 03, 2022 mid-day base metal prices:

Copper $4.7152/lb up 0.0452

Nickel $12.7701/lb up 0.6600"

[Cu Penny Hoarder]

Coinflation

"$0.05
$0.0741728
148.34%

Table based on March 03, 2022 mid-day base metal prices:

Copper $4.7152/lb up 0.0452

Nickel $12.7701/lb up 0.6600"

Ordered 3 more boxes of nickels yesterday.

Pay $100, walk out with $150. Free money.

[TXSTARFIRE]

dpwozney beat me to it, I was going to post the nickel price. Long time since your last post, 4 plus years! Welcome back!

[Cu Penny Hoarder]

dpwozney beat me to it, I was going to post the nickel price. Long time since your last post, 4 plus years! Welcome back!

Yes, welcome back!

I hope more people come back and start posting. The traffic on this forum has been slow for many years. I noticed it started coming back to life during 2020. Nice to see.