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The nickel is worth more than 5c already.
cladking
Posts: 30,345 ✭✭✭✭✭
Copper is on a parabolic increase. Nickel has been lagging but has now gotten
off the dime. The nickel has more than five cents worth of metal at today's prices!
Unlike silver which needs to be refined, nickels can simply be recycled as an alloy
in many different steels.
At current zinc prices it may not even be necessary to separate zinc and copper
pennies. Just melt them all down and skim off the zinc. There is very little loss on
the zinc cents now.
off the dime. The nickel has more than five cents worth of metal at today's prices!
Unlike silver which needs to be refined, nickels can simply be recycled as an alloy
in many different steels.
At current zinc prices it may not even be necessary to separate zinc and copper
pennies. Just melt them all down and skim off the zinc. There is very little loss on
the zinc cents now.
tempus fugit extra philosophiam.
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Random Collector
www.marksmedals.com
<< <i>Sounds like an opportunity for profit. Buy nickels - sell them for melt - demand to be paid in nickels - sell them for melt........... >>
A 21st century TRADE DOLLAR FIASCO! I like it!
Perhaps if the government did nothing but coin nickels for us to rape them on, they would do far less harm and the benefit would flow to AMERICANS.
Ooops, I just found the flaw, didn't I?
fergit it.
<< <i>But here's the catch-22. Does the amount of energy needed to melt the nickels into a molten state and recycle them cost less than the amount of money over 5-cents the nickels are worth? If the nickel is worth 5.05 cents and it costs you .25 cents per nickel to recycle them, then you're actually losing money by melting your nickels.
It certainly won't pay to make cu/ ni alloy out of nickels at the current time for exactly this reason.
However industrial processes don't need cu/ ni alloy, they merely need the cu and the ni. They have
to heat it to the same temperature whether they are using pure copper and pure nickel or a compar-
able weight in nickels. In fact, small scrap like nickels are easier to melt and make far superior "chill
scrap". This is small amounts of metal or alloy that is used to fine tune the temperature and compo-
sition of a "heat". Industry has been using vast quantities of new coins for decades to make all our
modern conveniences. Most of these are melted abroad because no US coin has suffered this fate in
the past. There are substantial quantities of foreign coins imported here for alloy though.
Collectors are only now catching on that these high mintages of the last half century have little bearing
on the number of coins available or the condition of the coins that are available.
<< <i>Sounds like an opportunity for profit. Buy nickels - sell them for melt - demand to be paid in nickels - sell them for melt........... >>
I'd give you the world, just because...
Speak to me of loved ones, favorite places and things, loves lost and gained, tears shed for joy and sorrow, of when I see the sparkle in your eye ...
and the blackness when the dream dies, of lovers, fools, adventurers and kings while I sip my wine and contemplate the Chi.