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US & Canadian nickel melt value calculator - kind of fun

jmlanzafjmlanzaf Posts: 30,327 ✭✭✭✭✭
edited March 8, 2022 8:59AM in U.S. Coin Forum


  • jmlanzafjmlanzaf Posts: 30,327 ✭✭✭✭✭

    Here's an interesting factoid: the melt value of Zincolns is now 1.1 cents!!!!!!!!!

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @jmlanzaf ... I think it will have to increase a lot more before people start melting them.... Major work, little return at this point. Cheers, RickO

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    I can remember you calling me crazy about ten yrs ago for me saving 1954-81 Canadian nickels. Lol. How'd you know I was nuts? I had an industrial use for them BTW.

    Have a nice day
  • coinbufcoinbuf Posts: 10,393 ✭✭✭✭✭

    So are dealers buying Canadian nickels and if so what are they paying?

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  • jmlanzafjmlanzaf Posts: 30,327 ✭✭✭✭✭

    @coinbuf said:
    So are dealers buying Canadian nickels and if so what are they paying?

    I doubt it. Unless you can find a refiner that's taking them. It's more of an interesting little oddity

  • OverdateOverdate Posts: 6,868 ✭✭✭✭✭

    It's hard to find the actual spot nickel price now, due to volatility and a trading suspension.


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  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    Most of the 1954-81 Canadian nickels are out of circulation. But when I was accumulating them, I'd pay face value to my sources who didn't have a use. They cost me about $6/lb. I saved them for years as they are .999.
    When nickel spiked to $25/lb, I dumped them into my anode bags. They work fine but don't have the surface area that my regular INCO nickel had.
    It would be tough to accumulate them now.

    Have a nice day
  • JBKJBK Posts: 14,221 ✭✭✭✭✭

    The RCM was (still actively is?) pulling nickel nickels out of circulation.

    I'd wager that by now there are more nickel Canadian nickels in circulation in the US than in Canada.

    Don't forget there was a transition year or two when nickel made a comeback in Canadian nickels. Not sure of the dates.

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