New record high for jefferson nickel

latest figures

2006 jefferson nickels latest figures:

(P) - 693,120,000
(D)- 809,280,000

 

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new record again for jefferson nickels

new record high for jefferson nickels at $0.0741 each. or $2.97 a roll. face value is $2.00 a roll.

 

record nickel metal price

nickel metal price pushed again to a record high today. the jefferson nickels worth $0.076 each. and a roll is about $3.04. if this followed the silver way of calculating. then the dealer's minimun bid price will be $3.35and ask $3.70 for uncirculated roll. and the maximum retail roll for common dates will be $5.00.

 

Although it's currently illegal to melt them, I'm saving all my nickels. I've seen people try to sell nickels on eBay a couple times but that's pretty dumb. If you go to a bank and ask for hundreds of dollars worth of nickels they'll give them to you at face value. If you asked for thousands of dollars worth they'd have them in a few days for you. Until the composition changes there is no reason to try to sell them because only a complete fool would pay $.050000000000000000(you get the idea)001 for a nickel.

 

eight cents for jefferson nickels

wow. eight cents for jefferson nickels now. 60% over melt.

 

From the US Mint, the melt value for the 2000-2007 Sac Dollar, on February 23, 2007, was $0.0537268. Also from the US Mint, the weight and metal composition of the Presidential Dollars are identical. FWIW, that's 8.1 grams, at 88.5% copper, 6% zinc, 3.5% manganese, and 2% nickel.

 

jefferson nickels

that's why we have to collect jefferson nickels rather than presidential dollars.

 

A $100 box of Nickels is worth $156 BID metal value this morning.
Its only a matter of time the nickel will be Nickel plated steel.
This way the good nickels 56% return can be kept with a magnet used as a sorter. These good nickels will disapear as fast as Mint can replace them
"maybe faster".

 

The tellers are really going to get crazy when I start asking for rolls of nickels now. :thumb:

 

nickels boom

forget about the circulated one. concentrate on uncirculated nickel rolls. no wonder it is hard to ask the bank for uncirculated rolls. it seems a lot of people hoarded them. billions of newly minted nickels disappeared. said from 2004 to present.

 

I guess that is why in the last year every time I asked for the 2006 nickels the teller did not have them.
I had no problem getting rolls of the 2003, 2004 and 2005 nickels (she gave 2 racks of the Buffalo nickels ) when they were out.

 

problem with the banks

yes, i got problems with my neighborhood banks. they don't want to change it for me. lastly, i just bought some rolls from my dealers.

 

jeff nickel over eight cents

Thomas Jefferson's nickel melt value over $0.08 again. nickel posted record high.

 

Nickel could be in a long term uptrend. I've been recommending it for speculation
since it was at $6 last year. It's much riskier at current levels but, like silver, the
demand for nickel is relatively inelastic. Very little metal is used in most of the pro-
ducts it contains so demand won't be affected even if there are strong gains. There
are steps manufacturers can take to limit nickel such as substituting copper or just
using less but these all have an effect on the product and might cost them sales.
Doctors will show very patience for rusty surgical equipment.

The LME defaulted on nickel contracts some months back and this has not played out
yet.

There is little danger of the dimes and quarters going over face but it's hard to believe
the nickel will be with us much longer.

 

jefferson nickels keep on record breaking

at $0.085 a piece. a roll melt value cost $3.40. retail value for common one should go way up between $5.50 to $6.00 for an uncirculated roll.

 

"Melt value" means nothing until you pay someone to melt the coins, seperate the different metals contained within the alloy, and market those purified metals in a saleable medium.

Figure in your "processing fee", then you will know the true melt value of coins.

 

There are numerousw alloys that use copper nickel in a 3: 1 ratio. I found 27 diffferent
stainless steels with exactly this ratio. Rather than separate metals like this coins are almost
always used as is to create some new alloy.

Most of the moderns from around the world have already been turned into surgical instru-
ments or engine parts.

 

nickel boom

now the nickel even hit new high again. $0.087 metal value. that's mean $3.48 per roll. maximum retail price per roll for an uncirculated should be $6.00 per roll.

 

$175.21 Bid metal in box nickels

Morning Nickel Bid 22.3394 = 6.233
Morning Copper Bid 3.02 = 2.527
Total Bid value of Nickel -s = 8.760

So one box of Nickels $100 is $175.21

First time I saw the Metal value go over 5 cents was 4/21/06.