FormerTeller
Bronze Member
- Apr 24, 2011
- 1,879
- 1,355
...dimes?
I started to post this in "Coins", then "Precious Metals", then "Scrap Metals". It didn't seem to fit anywhere, so here it is; if my post gets moved, so be it.
While double-checking the year Canada stopped minting dimes in silver (the '68 Canadian dime I found stuck to a magnet - dang!), I did a double-take when I noticed that Canadian dimes minted between 1968 and 1999 are 99.9% nickel. I knew many pre-1982 nickels had that composition, but not dimes.
Quick math problem: how high would the price of nickel (the metal) have to go make dimes worth more than a dime? By my calculations about $22/pound, which it has exceeded in the last 5 years. Am I figuring this right?
I hadn't quite decided what to do with all the Canadian coins I've found. Been holding onto the 98% copper cents and 99.9% nickels; now I might just hold onto the dimes as well, and sell them if the price of nickel rises or if the value of the Canadian dollar exceeds the US dollar.
Any thoughts?
I started to post this in "Coins", then "Precious Metals", then "Scrap Metals". It didn't seem to fit anywhere, so here it is; if my post gets moved, so be it.
While double-checking the year Canada stopped minting dimes in silver (the '68 Canadian dime I found stuck to a magnet - dang!), I did a double-take when I noticed that Canadian dimes minted between 1968 and 1999 are 99.9% nickel. I knew many pre-1982 nickels had that composition, but not dimes.
Quick math problem: how high would the price of nickel (the metal) have to go make dimes worth more than a dime? By my calculations about $22/pound, which it has exceeded in the last 5 years. Am I figuring this right?
I hadn't quite decided what to do with all the Canadian coins I've found. Been holding onto the 98% copper cents and 99.9% nickels; now I might just hold onto the dimes as well, and sell them if the price of nickel rises or if the value of the Canadian dollar exceeds the US dollar.
Any thoughts?
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