Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Counterfeit nickel!
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1373513, member: 26302"]Why do you believe its not profitable? You said yourself its magnetic. I bet you the cost per unit on this is around a cent, maybe 2. Copper nickel that we make our coins from is a pretty pricey metal mixture compared to steel. Also, out minting costs are much steeper than what a counterfeiter could do it for. </p><p><br /></p><p>People are amazed all of the time at low value fakes, but money is money. Crank out 100,000 of these, (wouldn't take long on a press), and your gross profit would be $3,000. Not horrible, especially in some parts of the world.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1373513, member: 26302"]Why do you believe its not profitable? You said yourself its magnetic. I bet you the cost per unit on this is around a cent, maybe 2. Copper nickel that we make our coins from is a pretty pricey metal mixture compared to steel. Also, out minting costs are much steeper than what a counterfeiter could do it for. People are amazed all of the time at low value fakes, but money is money. Crank out 100,000 of these, (wouldn't take long on a press), and your gross profit would be $3,000. Not horrible, especially in some parts of the world.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Counterfeit nickel!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...