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New record high for jefferson nickel
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<p>[QUOTE="Rono, post: 188695, member: 6492"]great discussion folks,</p><p> </p><p>I think that copper and nickel coins will go the way silver did back in the 70's - assuming the prices of the metals continues to rise - that there will be a 'content premium' on these coins when you buy and sell. </p><p> </p><p>most of you were around for the hunt bros attempt to corner the silver market in the late 70's. silver didn't disappear, but was sold at dealers where they paid a 'junk silver' price. most of this probably was melted down, but not all and not the higher grade stuff.</p><p> </p><p>with copper and nickel, when the melt price exceeds the numismatic price allowing for the spread, this stuff will pretty much disappear from circulation.</p><p> </p><p>I live in michigan and we've started having thefts of copper wire at construction sites. I can remember back maybe some 20 years ago when the scrap price for aluminum was high and they were stripping guard rail off of bridges and selling it for scrap.</p><p> </p><p>with the supply demand picture the way it is for the base metals (and precious for that matter), you'll see more and more changes in the allow mix and metal content of our pocket change.</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 188695, member: 6492"]great discussion folks, I think that copper and nickel coins will go the way silver did back in the 70's - assuming the prices of the metals continues to rise - that there will be a 'content premium' on these coins when you buy and sell. most of you were around for the hunt bros attempt to corner the silver market in the late 70's. silver didn't disappear, but was sold at dealers where they paid a 'junk silver' price. most of this probably was melted down, but not all and not the higher grade stuff. with copper and nickel, when the melt price exceeds the numismatic price allowing for the spread, this stuff will pretty much disappear from circulation. I live in michigan and we've started having thefts of copper wire at construction sites. I can remember back maybe some 20 years ago when the scrap price for aluminum was high and they were stripping guard rail off of bridges and selling it for scrap. with the supply demand picture the way it is for the base metals (and precious for that matter), you'll see more and more changes in the allow mix and metal content of our pocket change. peace, rono[/QUOTE]
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New record high for jefferson nickel
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