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Why are circulated US Silver War Nickels (1942-1945 P,D,S) so cheap?
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<p>[QUOTE="SilverWilliesCoinsdotcom, post: 2884830, member: 86795"]Anyone ever notice that you can pick up rolls of Silver War Nickels for as low as a penny apiece each over spot? At 35% Silver content, the current melt value of a War Nickel is $0.96. Even on eBay you can find rolls for 41 or 42 bucks with free shipping, and APMEX sells half rolls at less than 20 bucks if you pay by check. Why so low? Do they not sell well to junk silver dealers? It doesn't seem to make sense. That's the only thing I can think of, perhaps it's more costly to refine the lower % of the precious metal as opposed to 90% pre-1964 US silver coins. Any other ideas?[/QUOTE]</p><p><br /></p>
[QUOTE="SilverWilliesCoinsdotcom, post: 2884830, member: 86795"]Anyone ever notice that you can pick up rolls of Silver War Nickels for as low as a penny apiece each over spot? At 35% Silver content, the current melt value of a War Nickel is $0.96. Even on eBay you can find rolls for 41 or 42 bucks with free shipping, and APMEX sells half rolls at less than 20 bucks if you pay by check. Why so low? Do they not sell well to junk silver dealers? It doesn't seem to make sense. That's the only thing I can think of, perhaps it's more costly to refine the lower % of the precious metal as opposed to 90% pre-1964 US silver coins. Any other ideas?[/QUOTE]
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Why are circulated US Silver War Nickels (1942-1945 P,D,S) so cheap?
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