How much space would you need for $100,000 in nickels ?

I'm sure less than a garage and more than an average refrigerator.I'm thinking a box of nickels is $100, maybe ten boxes would make the outline of a refrigerator for $1,000 .....but you wouldn't be able to stack that 100 tiers high...maybe 25-30 or high ?

so about maybe as much room as a 3 or so fridges ?

no real downside risk.

 

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well, moving it might be a problem, even with a fork lift.

 

not talking about moving it, just how much space would it be, like in cubic feet or stacked in boxes floor to 8' ceiling. I'm thinking something like the size of two fridges... ?

zero downside risk unlike Silver, Gold, etc.

This would be something like buying 40% silver halves when Silver was $8 / ounce....one **** of a stoploss built in.

Nickels were worth a dime a few years ago, will get there again ....even if they don't you still have face value.

granted all those nickels would be a hassle to get, but not too bad to store and no risk

 

The approx dimensions of a bank box of nickels in inches are 10 x 4.5 x 4.25 (from another post). In feet that would be

.8333333
.375
.3541

The cubic feet of one box is .110677. There are 1000 boxes of $100 face for bank boxes of nickels.

.110677 * 1000 = 110.667 cubic feet of space required.

Many fridges are around 20 cubic feet of space inside, so you would need around 5-6 regular size fridges. Or there abouts

 

thanks, I guess I was in the ballpark anyway, realistically you could stack floor to ceiling and be in the neighborhood of the footprint of 3-4 fridges.

certainly nothing you could throw in a safe deposit box, but not like you'd need a wharehouse either !

It's certainly doable in a garage. A two car garage could probably hold a million in nickels.

 

this would be around 11 tons

Base Metal Coin Melt Value Calculation
Generated on May 14, 2012.


Values Used:

Total Face Value: $100,000
Coin Type: 1946-2012 Jefferson Nickel
Copper Price: $3.5984 / pound
Nickel Price: $7.6473 / pound


Answer:

Total melt value is $101.65.

(Exact value is $101.64688167337. $42.148526404815 worth of nickel, $59.49835526856 of copper.)


Statistics:

» There are 16.5347 pounds of copper and 5.5116 pounds of nickel in $100,000 face value of nickel(s).

» A roll of nickel(s) has 40 coins and is valued at $2.03 when copper is at $3.5984 / lb and nickel at $7.6473 / lb (exact value is $2.03294).

 

its actually doable. I could easily move 1000 lbs in a load in my F-150, once it is there, it is fine.

 

I'm confused. Why on earth would you want 2,000,000 nickels?

 

I actually had been thinking the same, but not $100k worth, maybe just a few k. The coin is definitely dead man walking, and it might be nice to have a "few" for my son to go through when he is older.

 

Do you mean tons, not pounds I assume?

 

like 11 tons there

 

Federal law currently prohibits melting down nickels (and pennies), thus making it impossible to realize the coin’s true value.

 

Dude, you know that's just a rule, not a law right? A rule put in place to scare refiners into not melting to give the mint enough time to fix the situation. A rule, btw, that has not been challenged in court, but I firmly believe would be overturned. The SC has repeatedly ruled a coin is personal property.

Making long term decisions on short term temporary rules is not prudent in my view.

BTW I would want some nickels since I believe the US mint will do what Canada has been doing for years now, and recording profits from "metal reclamation", meaning THEY are melting billions of nickels for profit, and making those older nickels scarcer every year.

 

Detecto, you clearly don't understand.
Once the government stops producing the nickel, it'll be perfectly legal.
Just like pre-64 silver. Perfectly legal.

 

profit potential, no way this coin can continue to be minted much like copper cents ended in 1982.

Would you not buy every copper cent you could for face value.

nickels had ten cents worth of metal a few years ago.

They will be changed someday soon.

no downside to hoarding nickels, IMO !

 

Gold would be a much better investment than nickels.

 

Is that a statement or a fact? The OP's point was you get over 5 cents worth of metal today in a coin that can never be worth less than 5 cents.

The best similar investment in gold would be in a double eagle, meaning you buy it today for $1700 and it can never be worth less than $20.

Not quite the same downside risk, right? Anyone who believes PM cannot go down simply has not lived through the 80's and 90's.

 

there is a market value for copper Memorial cents, I believe you could easily get double face value on 1959-1981 cents.

Nickels will get there too ! Once some replacement is devised...they must cost like easily 10 cents to make considering the melt value is over 5 cents

 

The key word is "currently".

110 cubic feet would be an area roughly six feet wide six feet high and three feet deep. A little less than the size of two fridges.

 

legal or not, a black market will exist.

as I said copper Memorial cents have a market even though you can't melt them legally.

The nickel cannot survive forever....or much longer, even !

when the nickel contains 15 or 20 cents worth of copper and nickel...it will get melted by outlaws and you will not find a damn nickel in change when it becomes like a 90% silver coin in 1975 and is worth 300% of face value....

Do you think nickels exist ten years from now in the current composition ?