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<p>[QUOTE="yakpoo, post: 1372192, member: 18157"]<font size="3"><i><b>WOW!! </b></i>Btw...where do you go to buy $1,000,000 worth of nickels? ...and who's gonna sell them?</font> :scratch:</p><p><br /></p><p><b><i>Last year...February 2011...</i></b></p><p><br /></p><p>Copper: $4.50/lbs</p><p>Nickel: $20/lbs</p><p><br /></p><p>Plugging those numbers into the equation you get...</p><p><br /></p><p>Nickel: $20.00 * 11% = $2.20</p><p>Copper: $4.50 * 33% = $1.49</p><p> </p><p> <i><b>Total: </b></i>$2.00 Roll of Nickels contained $3.69 of PMs (or I should say "BMs"...base metals)</p><p><br /></p><p><i><b>That's<b><i> $1.69 </i></b><span style="color: #ff0000">FREE MONEY</span> /roll!!</b></i> ...last year. No reason we can't return to those levels.</p><p><br /></p><p><br /></p><p><br /></p><p><font size="5"><i>Prediction...</i></font></p><p><br /></p><p>We already know that Congress is looking to change the composition of nickels" to steel or zinc. As the price of Copper and Nickel rises above the cost of the coin, I would expect to see fewer newer nickels produced or released into circulation. In fact, once the new compositions begin circulating, I would expect the Mint to pull as many of the old compositions out of circulation as possible (Free Money!!). That could make some of the current Unc rolls quite a hot item in the "not too distant" future.</p><p><br /></p><p><i><b>Remember...you heard it here first! :secret:</b></i></p><p><i><b><br /></b></i></p><p><br /></p><p><br /></p><p><br /></p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1372192, member: 18157"][SIZE=3][I][B]WOW!! [/B][/I]Btw...where do you go to buy $1,000,000 worth of nickels? ...and who's gonna sell them?[/SIZE] :scratch: [B][I]Last year...February 2011...[/I][/B] Copper: $4.50/lbs Nickel: $20/lbs Plugging those numbers into the equation you get... Nickel: $20.00 * 11% = $2.20 Copper: $4.50 * 33% = $1.49 [I][B]Total: [/B][/I]$2.00 Roll of Nickels contained $3.69 of PMs (or I should say "BMs"...base metals) [I][B]That's[B][I] $1.69 [/I][/B][COLOR=#ff0000]FREE MONEY[/COLOR] /roll!![/B][/I] ...last year. No reason we can't return to those levels. [SIZE=5][I]Prediction...[/I][/SIZE] We already know that Congress is looking to change the composition of nickels" to steel or zinc. As the price of Copper and Nickel rises above the cost of the coin, I would expect to see fewer newer nickels produced or released into circulation. In fact, once the new compositions begin circulating, I would expect the Mint to pull as many of the old compositions out of circulation as possible (Free Money!!). That could make some of the current Unc rolls quite a hot item in the "not too distant" future. [I][B]Remember...you heard it here first! :secret: [/B][/I] [LEFT][COLOR=#000000] [/COLOR][/LEFT][/QUOTE]
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