BabyNeedsANewPairO'Shoes
Sr. Member
- Dec 5, 2013
- 273
- 108
- Detector(s) used
- Garrett AT Gold
- Primary Interest:
- Metal Detecting
Nickels are the next pre-'65 coin
The U. S. Mint won't put up with this much longer.
For the fiscal year ending September 30, 2012, the unit cost for the Mint to produce and distribute the cent was 2.00 cents and the unit cost for the nickel was 10.09 cents. This compares to costs from the prior fiscal year of 2.41 cents and 11.18 cents, respectively.
Cost to Make Penny and Nickel Declines But Still Double Face Value | Coin Update
When the cost of making something is more than it is worth rational people stop making it.
Now no one's saying the U.S. Government is rational. But when they stop making nickels, the value of a nickle will follow the value of the component metal it's made out of. Just like pre-'65 silver.
The U.S. nickel is the ONLY coin that has not been debased since the mint began making them in 1866. It is still 75% copper and 25% nickel. Often the melt value of the metal is more than the face value of the coin. It's the ONLY non-debased coin you can still go into a bank and buy in quantity at FACE VALUE.
As of 2013, it costs more than eleven cents to produce a nickel; the Mint is exploring the possibility of reducing cost by using less expensive metals. (Nickel (United States coin) - Wikipedia, the free encyclopedia)
Go to your bank and ask them to order you $100 boxes of nickels. They can to that. The boxes fit nicely into surplus ammo cans.
As of today (12/11/13), the melt value of a nickel is 4.4 cents. I've seen it as high as 7 cents. But at 4.4 cents that's a spread of only 6/10 of a cent until you're in profit buying nickels in bulk. That's close enough to invest with.
Do you think the value of copper and nickel will be going down in the future?
There you go. You're welcome.
The U. S. Mint won't put up with this much longer.
For the fiscal year ending September 30, 2012, the unit cost for the Mint to produce and distribute the cent was 2.00 cents and the unit cost for the nickel was 10.09 cents. This compares to costs from the prior fiscal year of 2.41 cents and 11.18 cents, respectively.
Cost to Make Penny and Nickel Declines But Still Double Face Value | Coin Update
When the cost of making something is more than it is worth rational people stop making it.
Now no one's saying the U.S. Government is rational. But when they stop making nickels, the value of a nickle will follow the value of the component metal it's made out of. Just like pre-'65 silver.
The U.S. nickel is the ONLY coin that has not been debased since the mint began making them in 1866. It is still 75% copper and 25% nickel. Often the melt value of the metal is more than the face value of the coin. It's the ONLY non-debased coin you can still go into a bank and buy in quantity at FACE VALUE.
As of 2013, it costs more than eleven cents to produce a nickel; the Mint is exploring the possibility of reducing cost by using less expensive metals. (Nickel (United States coin) - Wikipedia, the free encyclopedia)
Go to your bank and ask them to order you $100 boxes of nickels. They can to that. The boxes fit nicely into surplus ammo cans.
As of today (12/11/13), the melt value of a nickel is 4.4 cents. I've seen it as high as 7 cents. But at 4.4 cents that's a spread of only 6/10 of a cent until you're in profit buying nickels in bulk. That's close enough to invest with.
Do you think the value of copper and nickel will be going down in the future?
There you go. You're welcome.
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