Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Nickels for the Win?
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 1604493, member: 68"]The nickels will not be worth their metallic value until the government legalizes their destruction. Their primary value is as chill scrap in the production of various alloys but they can't be consumed in sufficient quantity to create demand unless they are legal to melt. They will probably be legalized within weeks of their withdrawl from circulation. As the government hoard starts into the furnaces and ladles so will privately owned coins. There are very few exceptions to this rule. </p><p><br /></p><p>The cost of making nickels and pennies is so high that they have to be protected by fiat. Cents probably cost upward of three cents to make and each time a penny is removed this cost is incurred to replace it. Of course zinc and copper pennies will disappear gradually as they are melted illegally. The law isn't really intended for small scale melters like hobbyists and sculptors and many won't even know (or care) it's illegal. Very few people would have either the means or the need to melt nickels.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1604493, member: 68"]The nickels will not be worth their metallic value until the government legalizes their destruction. Their primary value is as chill scrap in the production of various alloys but they can't be consumed in sufficient quantity to create demand unless they are legal to melt. They will probably be legalized within weeks of their withdrawl from circulation. As the government hoard starts into the furnaces and ladles so will privately owned coins. There are very few exceptions to this rule. The cost of making nickels and pennies is so high that they have to be protected by fiat. Cents probably cost upward of three cents to make and each time a penny is removed this cost is incurred to replace it. Of course zinc and copper pennies will disappear gradually as they are melted illegally. The law isn't really intended for small scale melters like hobbyists and sculptors and many won't even know (or care) it's illegal. Very few people would have either the means or the need to melt nickels.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Nickels for the Win?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...