Discussion in 'Coin Chat' started by brandon08967, Apr 5, 2021 at 7:14 PM.
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Just my 6th sense.
Only reason to pull nickels is if they're silver or if your filling a book IMO
If the metal in a five-cent piece were worth seven cents -- and it isn't yet, it's currently worth around 5.3 cents -- you'd need to sell FIFTY of them "for metal value" to earn enough profit to buy a hamburger.
But what happens when the metal is worth fifty cents, or five dollars? Well, by then, the burger will probably cost ten bucks, or a hundred.
Cash in nickels, buy equities. I still have a jar of nickels and a box of rolls, but I don't pretend that it's anything other than hoarding disorder.
I pull the nickels and copper aside when I sort my change, knowing full well that it isn't going to pay off big within my lifetime, if ever. It's just harmless fun. Someday I may look over them for interesting varieties. Nothing else in circulation is worth its face value.
No messing with an alloy. They're pure nickel.
It costs the mint more than 5 cents to make a nickel. They've been experimenting with using just copper for some time. I expect the Mint to make a change in the near future, they're talking about changing the composition of all our coins. Everything but the dime costs them more than face value to make.
Pre-1982 are all nickel, I think. The newer ones are not.
I often think about bringing them to the bank but then talk myself out of it because of the weight and the wait involved in the time it would take for them to be counted.
I definitely noticed changes after taking 4-5 years off from CRH. I used to average 8-12 copper cents per roll but in my latest box, I averaged 2-7 (also a lot fewer 09s than I remember finding in the past.) I also noticed a lot fewer 40s-70s nickels. I used to not give nickels after 1963 much of a thought but I really noticed the scarcity with my latest hunt.
Besides, it is illegal to melt nickels and cents.
I thought you could melt coins as long as it wasn't for illegal activities
I have quite a few Canadian nickels, hundreds, possibly. I see there are specific years that this occurs. Thanks for the tip!
On the positive side, you won’t have to worry about the rats eating you hoard, unlike the situation if you storing something like corn.
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