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<p>[QUOTE=&quot;NorthKorea, post: 1147474, member: 29643&quot;]If your goal is to get industrial metals under spot, go buy used fishing lead. You can get it from most individuals (fairly readily) for 50c or less per pound. Spot is $1.25 a pound. If you really want to get nickel below spot, collect Canadian nickels (as someone else posted). US Nickels are primarily copper, with some nickel content.</p><p><br /></p><p>The reason that copper pennies are worthwhile to collect even though they&#039;re also illegal to melt, is that they&#039;re relatively pure. If you really wanted to build a copper pile, you could with pennies. Nickels, by contrast aren&#039;t pure enough copper to work, and aren&#039;t pure enough nickel to work.</p><p><br /></p><p>As for my commenting on a thread (not on the link) without reading the link... don&#039;t see an issue with that at all.</p><p><br /></p><p>Nickel composition/distribution:</p><p><br /></p><p>1.25g nickel ($11.4592/lb) = $0.031570096</p><p>3.75g copper ($4.2318/lb) = $0.0349842906</p><p><br /></p><p>Since neither of the metals represent more than 5c in spot value, it&#039;s not worthwhile to try to extract the metal content, even if it were legal.</p><p><br /></p><p>To hoard US nickels for metals content, the expectation would need to exist that either copper would increase 50% or nickel would increase 60% in spot value. The hoarding of nickels would have the same effect as the hoarding of Kennedy Half dollars did. It will kill the circulation piece. Nothing less, nothing more.</p><p><br /></p><p>By contrast, copper cents have the following distribution:</p><p><br /></p><p>2.9545g Copper ($4.2318/lb) = $0.0275617134</p><p>0.1555g Zinc / Tin (? Mixed and Tin is priced at 10x the cost of Zinc) = ?</p><p><br /></p><p>Copper content: $0.02756</p><p><br /></p><p>The excess content of copper creates enough room for extraction loss to make it worthwhile to refine the copper pennies (assuming it&#039;s legal) for copper content. For every ton of pennies, you would expect to extract around 1780 lbs of copper (assuming no loss to circulation wear).[/QUOTE]</p><p><br /></p>

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