My first purchase of Canadian Nickels

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My first purchase of Canadian Nickels

Postby Derek.Sheriff » Sat Oct 01, 2011 3:48 pm

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 :ugeek:
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Re: My first purchase of Canadian Nickels

Postby Nickelmeister » Sat Oct 01, 2011 4:34 pm

If you are looking for larger quantities, don't be afraid to ask!
That's why they call me the Nickelmeister :)
Standing offer: BUYING Canadian junk silver at 90% melt. PM me to lock in price and quantity.
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Re: My first purchase of Canadian Nickels

Postby Derek.Sheriff » Sun Oct 02, 2011 10:59 am

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!
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Re: My first purchase of Canadian Nickels

Postby Hawkeye » Sat Oct 08, 2011 11:58 am

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.
Metal > Paper
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Re: My first purchase of Canadian Nickels

Postby marine70 » Wed Nov 02, 2011 8:33 am

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.
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Re: My first purchase of Canadian Nickels

Postby 68Camaro » Wed Nov 02, 2011 8:52 am

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.
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Re: My first purchase of Canadian Nickels

Postby Hawkeye » Sat Nov 05, 2011 6:53 pm

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.
Metal > Paper
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Re: My first purchase of Canadian Nickels

Postby ZenOps » Mon Nov 07, 2011 3:38 pm

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.
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Re: My first purchase of Canadian Nickels

Postby cupronickel » Sun Nov 27, 2011 3:36 pm

Am I correct that 100 nickels = 1 pound
so 20 ponds is $100 canadian face value ?
How much did you pay ?
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Re: My first purchase of Canadian Nickels

Postby mtalbot_ca » Sun Nov 27, 2011 4:16 pm

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. 8-) 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. :oops:

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