I don't know if anybody has noticed, but the melt value of the 1946-2012 U.S. Nickel is still higher than it's own face value.... .056. Besides the copper penny, that's the only coin with that distinction except those that contain silver or gold. The nickel's melt valve in Feb, 201 was .073. Some are estimating that the base metal value of nickels will double in the next two years. Is it time to start putting your nickels aside before the US government starts making the nickel out of something cheaper? You can read all about the facts here: http://lewrockwell.com/orig10/rawles10.1.html Comments?
i only hoard the 1944-1959 nickels, i always feel that one day someone will need to fill a hole in their collection
Yea I have noticed the nickles melt value creeping up, but whats performing even better is pre 82 copper pennies. Its melt value is more than double face value and can be gotten for a low premium considering a bank box of pennies is only $25. Searching through bank boxes manually can be laborious, but can give you a good yield. Its actually more profitable then say manually searching bank boxes of quarters for pre 65 silver.
But did you know Witty that just a few years ago the metal value in the nickel was nearly 17 cents apiece? And that it has been falling since then?
With the nearly 0% interst that banks are paying, hoarding any coin denomination could prove to be a good thing. Nothing else, they're still worth face value unless Bernanke decides it's time to remonetize our currency system.
No, just illegal to melt the cents and non-silver five cent pieces. You can melt all the dimes, quarters, and small size dollars you want. It was the high metal value I mentioned above that got them to pass that regulation.
