New record high for jefferson nickel

Discussion in 'US Coins Forum' started by tracy5900, Aug 23, 2006.

  1. tracy5900

    tracy5900 Coin Hoarder

    latest figures

    2006 jefferson nickels latest figures:

    (P) - 693,120,000
    (D)- 809,280,000
     
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  3. tracy5900

    tracy5900 Coin Hoarder

    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.
     
  4. tracy5900

    tracy5900 Coin Hoarder

    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.
     
  5. catbox_9

    catbox_9 Member

    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.
     
  6. elaine 1970

    elaine 1970 material girl

    eight cents for jefferson nickels

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

    eddiespin Fast Eddie

    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.
     
  8. elaine 1970

    elaine 1970 material girl

    jefferson nickels

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

    holz holz

    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".
     
  10. Philly Dog

    Philly Dog Coin Collector

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

    :eek: :eek:
     
  11. elaine 1970

    elaine 1970 material girl

    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.
     
  12. Philly Dog

    Philly Dog Coin Collector


    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.
     
  13. elaine 1970

    elaine 1970 material girl

    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.
     
  14. elaine 1970

    elaine 1970 material girl

    jeff nickel over eight cents

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

    cladking Coin Collector

    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.
     
  16. elaine 1970

    elaine 1970 material girl

    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.
     
  17. jody526

    jody526 New Member

    "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.
     
  18. cladking

    cladking Coin Collector


    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.
     
  19. elaine 1970

    elaine 1970 material girl

    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.
     
  20. holz

    holz holz

    $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.
     
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