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Jefferson nickel metal value down.
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<p>[QUOTE="cladking, post: 245091, member: 68"]Due to the melt ban in this country it is illegal to even have a wholesale price. If you can deliver significant quantities out of country then you can get this kind of money. They are so desperate for nickel and stainless in India right now that they are melting coins illegally and AT A LOSS to make razor blades. Perhaps the recent crash in nickel prices will put an end to this, but it's supply that is needed, not a lower price. It should be noted that the ban on melting also includes a ban on export. </p><p><br /></p><p>If we didn't make nickels at a loss then we'd all be wealthier. The only reason any government would do this is that a nickel has become so little money due to this exact sort of mismanagement that the loss of even billions of them are inconsequential. The loss hardly stops at the about 50c of worthless cents and overpriced nickels that it costs each individual American each year. There is also the polution created to mine, transport, and fabricate these coins. More importantly is the huge amount of time wasted to count and handle a coin that has so little value that many people just throw them in the garbage.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 245091, member: 68"]Due to the melt ban in this country it is illegal to even have a wholesale price. If you can deliver significant quantities out of country then you can get this kind of money. They are so desperate for nickel and stainless in India right now that they are melting coins illegally and AT A LOSS to make razor blades. Perhaps the recent crash in nickel prices will put an end to this, but it's supply that is needed, not a lower price. It should be noted that the ban on melting also includes a ban on export. If we didn't make nickels at a loss then we'd all be wealthier. The only reason any government would do this is that a nickel has become so little money due to this exact sort of mismanagement that the loss of even billions of them are inconsequential. The loss hardly stops at the about 50c of worthless cents and overpriced nickels that it costs each individual American each year. There is also the polution created to mine, transport, and fabricate these coins. More importantly is the huge amount of time wasted to count and handle a coin that has so little value that many people just throw them in the garbage.[/QUOTE]
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Jefferson nickel metal value down.
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