do any of you think its worth the time and effort to collect pure nickel coins? i have an opportunity to get a few at half the nickel value but was wondering if the coins would hold or appreciate in value over time. thanks in advance
There is nothing wrong with your idea. But I would recommend that you never pay more than face value for the coins unless there is a numismatic premium involved and you know a lot about grading.
Half melt value is good. It gives you a nice cushion if prices fall. But, like copper, nickel is sold by the pound (or kg). So you need a substantial amount to make it worthwhile.
Its not a bad thought, but in my experience refiners pay further from melt for anything other than PM. If its just a few coins its fine, but I would give a call to a refiner to see what they are paying in relation to spot.
If you are getting them at half melt I don't see how you can lose. I have been thinking about buying come old Canadian nickels as they are .999 nickel and are about the only way I have found to invest in nickel bullion. I would be interested in finding out where to find other options for investing in nickel though.
thanks for the replies my only problem now is how to get a large volume of these coins i just got a bunch of coins that weighed in at 1.1kgs for $11.76
