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Jefferson nickel metal value down.
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<p>[QUOTE="Cloudsweeper99, post: 244860, member: 3011"]There is a certain speculative element to nickels just as there was initially when they stopped making silver coins. It takes a little leap of faith to hold onto the coin knowing that the melt value is above the face value, but it's pretty riskless. This isn't much different than the leap of faith coin collectors take when they purchase coins above face because of their age, condition and rarity. I would suspect, but can't prove, that nickels are probably disappearing by the millions right now, getting shipped across the border or to less than honorable smelters, or just disappearing into boxes in the back of the closet. I happen to believe that metal in the form of coins is worth more than spot because the metal content and purity is known and guaranteed. The coins are worth more as a store of value than they are to a smelter, and melting them is almost never the highest and best use of the coins. But this generally doesnt' show up in the market place until after the public recognizes the shortage.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 244860, member: 3011"]There is a certain speculative element to nickels just as there was initially when they stopped making silver coins. It takes a little leap of faith to hold onto the coin knowing that the melt value is above the face value, but it's pretty riskless. This isn't much different than the leap of faith coin collectors take when they purchase coins above face because of their age, condition and rarity. I would suspect, but can't prove, that nickels are probably disappearing by the millions right now, getting shipped across the border or to less than honorable smelters, or just disappearing into boxes in the back of the closet. I happen to believe that metal in the form of coins is worth more than spot because the metal content and purity is known and guaranteed. The coins are worth more as a store of value than they are to a smelter, and melting them is almost never the highest and best use of the coins. But this generally doesnt' show up in the market place until after the public recognizes the shortage.[/QUOTE]
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Jefferson nickel metal value down.
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