U.S. Nickel worth more than a nickel again

Discussion in 'US Coins Forum' started by Phil Ham, Jan 16, 2021.

  1. Robert Ransom

    Robert Ransom Well-Known Member

    Will digital currency ever replace hard currency?
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  3. Phil Ham

    Phil Ham Hamster

    With the price of nickel and copper exploding, the intrinsic value of the copper Lincoln and the Nickel are also moving high.

    Copper Lincoln: USD$0.0296
    Nickel: USD$0.0586
  4. BronzeAge

    BronzeAge Member

    Remember that coin shortage last Summer? Yeah, somebody was anticipating this surge in commodities prices and started hoarding coins. And toilet paper.

    Earlier today (May 1st) I did a bunch of math using this website:

    A US zinc penny (97.5% of 2.5 g) is now worth about 0.8 cents.
    An pre 1982 US copper penny (95% of 3.11 g) is worth about 4 cents.
    An old Canadian nickel (99.99% nickel, maybe 5 g?) is just shy of ten cents!

    And now thanks to your post, I'll do the 5 gram US nickel (75% Cu, 25% Ni) reverse engineering... Looks like 5.05 cents in the copper alone, and about 2.5 cents of nickel alone. Total about 7.5 cents.

    They'll just make the nickel smaller, whaddya bet?

    (I used the conversion factor of an ounce being.28.35 grams.)
  5. Marshall

    Marshall Junior Member

    I heard a variation. It takes 6. One to hold the bulb, four to turn the ladder, and one to supervise.
  6. Marshall

    Marshall Junior Member

    They haven't made a copper Lincoln since 1982.
  7. Marshall

    Marshall Junior Member

    It's coming sooner than you think. But everyone will have to have some sort of mark on or under the skin in order to prevent use by anyone other than the proper people. It's some kind of digital ID necessary to buy or sell.
  8. Phil Ham

    Phil Ham Hamster

    But I've got a ton of them and still get some in circulation.
  9. atcarroll

    atcarroll Well-Known Member

    We can, but most of them probably wouldn't be recycled, they'd end up all over the place. Landfills, the ocean, rivers and lakes, laying in the streets, etc. The best of intentions are usually fouled up very quickly when you add the people factor.
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  10. Razz

    Razz Critical Thinker

    I thought they made copper cents in 2009 for the bicentennial of Lincoln's birthday and the centennial of the Lincoln cent?

    Edit: looked it up in the Red book and no circulating copper cents struck since 1982. Some NCLT mint sets struck in copper.
    Last edited: May 2, 2021
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  11. BronzeAge

    BronzeAge Member

    Me too!
  12. BronzeAge

    BronzeAge Member

    Big Brother and George Orwell would love this. We are already being cancelled at the whims of the government, colleges and corporations.
  13. BronzeAge

    BronzeAge Member

    I change my prediction on the nickel. I think it'll keep it's size, but be made of stainless steel. There are many versions of it, t's as cheap as aluminum, way better than copper, silver and aluminum at fighting corrosion, and a mild version of stainless is used on some brake rotors, so we know it's strong, friction resistant and corrosion resistant.
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  14. Marshall

    Marshall Junior Member

    That's too easy. Minister of Propaganda will have to be an unknown identifying as a unicorn with pronouns #%^ and &*(.

    But we better shut this topic down or we'll get a first hand experience with being cancelled. I go to another site for political discussion.
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  15. Phil Ham

    Phil Ham Hamster

    Copper Lincoln: USD$0.031055
    Nickel: USD$0.061143
  16. Phil Ham

    Phil Ham Hamster

    Holding high (inflation is here)

    Copper Lincoln: USD$0.029198
    Nickel: USD$0.0609556
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  17. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    I just took in 296 lbs of copper bullet jackets that have been sitting around after melting down range lead, $3.78 lb per = $1118.88.
    Also, 243 lbs of zinc wheel weights, .30 cents per = $72.90.
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  18. Stevearino

    Stevearino Well-Known Member

    Good for you! But I can just hear my wife's reaction if I told her I was going to start saving the wheel weights I find by the roadside when out walking. She won't even let me save aluminum cans anymore to turn in for money (we don't toss them; our city has "no sort recycling." All recyclables, including aluminum cans, go into one container picked up every two weeks).

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  19. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    Since I seem to have an excess of lead, way more than I can cast bullets with for the rest of my life, I've been selling off the lead wheel weights too. They bring $1.50 a pound. Lead ingots are fetching $2-$3 per pound. Besides the Chinese buying all the metal in the world back in 2008-2009, the big push to make everyone drive electric cars is driving up the price of lead for batteries.
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  20. -jeffB

    -jeffB Greshams LEO Supporter

    Not electric cars, I don't think -- the big batteries for motor power are mostly lithium-ion or nickel-metal hydride; lead-acid batteries are just too heavy for a given level of power delivery or energy storage.

    But electric bicycles are producing quite a bit of demand, and as conventional car manufacturing ramps back up, that'll increase demand for conventional lead-acid starter batteries, too.
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  21. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    I believe you are right. The lead-acid battery has given way to the newer ones in the electric car.
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