Jefferson nickel metal value down.

The mint doesn't buy the physical metals, they contract with suppliers a year or more in advance for them to supply blanks or strip at a set price. Their previous contract was written when metal was low and the run up in price has been at the expense of the supplier who has probably had to supply strip at less than cost. Their current contracts were probably signed several months ago (I know the contract for cent blanks was) when the metals were higher than now so until the end of this contract the mint will be paying more for the strip than the metal prices would indicate.

 

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then they should stock metals right now?. isn't it.

 

But as I said they don't stock metals, plus they would still have to pay for the blanks and strip they've already contracted for at the high metal price.

 

now jefferson nickel is only worth $0.024 each.

should those people handled the purchasing of metals be fire or change. they have no perception of the future. they can not make good buy. they just like us. so, they should be fire. because if we make wrong decision in any company. we are done. right?.

another thing is that they keep changing prices of gold and platinum series. going up or down. they are damn in my opinion. those people in charged should be change. i mean they just don't know how to do business. gold price moves up. they won't sell. gold price went down. they keep the price high. a little adjustment maybe. but still well quite high. no wonder the sales figures were so low.

 

jefferson hit a new low on its intrinsic value. now at $0.0223. while the prez dollars intrincsic value worth $0.0241.

 

today. the jefferson is almost worth the same intrinsic value with that of sacagawea and presidential dollars. nickel $0.0260. dollar $0.0266.

 

jefferson nickel tumbled to a new low at $0.02295 each. while the cent also hit a low at $0.002758, and the prez dollar worth only $.02412 each. the wheat cent at $0.009016.

 

lowest recorded intrinsic value so far:

jefferson nickel - $0.0220

prez & sac dollars - $0.0224

 

jefferson nickel is equivalent to sac and prez dollars in term of intrinsic value. they both tie at $0.025 each.

 

jefferson nickel intrinsic value stay around $0.025 for quite a while. i think the mint should not in a hurry to change the metal content.

 

They can add Silver. That would be cool

 

In most instances when the intrinsic value of the US nickel was greater than face melting of the coin was not due to refinning. It was dumped straight into the melting pot during the production process of metal alloys that contained both nickel and copper - then refined metals were added to produce the proper alloy mix. The added refined metals could include pure copper or pure nickel.

 

jefferson nickel went up by 100% over its melt value and then came down to half of its melt value. now it go up again to near its face value. currently around $0.048.

 

do you know?. jefferson nickel intrinsic value is now at face value $0.05. the prez dollar is also worth $0.05. a reminder.