Message:

<p>[QUOTE=&quot;cvicisso, post: 1108532, member: 29382&quot;]Well, I couldn&#039;t wait any longer, so went out on a limb and bought four boxes of 2009-D nickels (not the dimes I linked to in the previous post).&nbsp; Here&#039;s the <a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&amp;item=170604328719&amp;ssPageName=STRK:MEWNX:IT" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&amp;item=170604328719&amp;ssPageName=STRK:MEWNX:IT" rel="nofollow">auction</a>.&nbsp; 2.5X markup, but here&#039;s my reasoning (tell me if I&#039;m crazy):</p><p><br /></p><p>- The composition of the nickel (currently 75% copper, 25% nickel) is about to change.&nbsp; My guess is 2012, but it might even be sooner.&nbsp; When this happens (and it will happen), the demand for the current nickels should go up.&nbsp; The 2009 nickels are very rare (in modern terms), so they should command a premium (I&#039;m betting way more than 2.5X face value).</p><p><br /></p><p>- Nickels (as opposed to the dimes I linked to earlier) have that &#039;base metal&#039; value to support them as well (<a href="http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html" rel="nofollow">currently</a> about $.073).&nbsp; That reduces the premium I paid to around 1.5X &#039;melt value.&#039;&nbsp; I am [obviously] betting that base metal prices go up as well.&nbsp; </p><p><br /></p><p>Anyway - I hope they&#039;re all really 2009 nickels in those boxes!&nbsp; I&#039;ll crack a few rolls open to check - but the majority will be saved for the kids/grand kids.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in