FrIdAy iS MeTaLpOrN!!!!!!!!!!!!!!
Weiss
Posts: 9,941 ✭✭✭✭✭
I know it's not really precious metal, but it was kinda fun seeing the face on the teller yesterday when I asked for
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
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Comments
I knew it would happen.
<< <i> Weiss, I just have to ask. Why?
Why not? About $1200-$1300 worth of Nickel for $1000. It's almost like stealing......
Too many positive BST transactions with too many members to list.
Weiss, I just have to ask. Why?
Yeah Weiss. Why would you ever buy 220 pounds of metal for less than the metal is worth and has a built in safety of never being worth less (nominally) than you paid??? What are you, some kind of moron? Who buys metal for under melt value????
Only if you have a good way of cashing in. Note, that I'm not saying it's a bad idea to buy $1,000 of Nickels.
Yeah Weiss. Why would you ever buy 220 pounds of metal for less than the metal is worth and has a built in safety of never being worth less (nominally) than you paid??? What are you, some kind of moron? Who buys metal for under melt value????
Gecko, been there. Done that. I was asking Weiss the question, and I was interested in his reasoning. Anything wrong with that? You can attempt to dis my comments if you want, like you do everyone else's, but my question was posed in the interest of a discussion, whether you approve or not.
I knew it would happen.
Maybe he needs some door stops AND ready change for the vending machines? Or is trying to fill up an old blue Whitman?
Too many positive BST transactions with too many members to list.
Wes, that would work! I'm really wondering about whether coin will trump paper at some point. I have my own unintended stashes of nickels and clad halves, accumulated as an "investment" (ok, a pretty bad investment) over the years. The one thing I can say is that it is a pita to keep moving the heavy stuff around.
When it comes down to it, a nickel will be worth a nickel - but if you want to buy something worth a couple dollars, how many boxes of nickels are you prepared to store for the "long haul"?
And if you subscribe to the Gecko theory of being a moron for NOT doing it, how many times are you willing to haul around 220 lbs of boxes of nickels to net out $200 per turn? You'll have to gear up, and hope that they don't put an end to it before you get rich.
I knew it would happen.
<< <i>Or is trying to fill up an old blue Whitman?
That's why I brought a box of nickels home last week (in addition to the fact I want to hoard Cu). I'm going to wait until I have 20 boxes though before I have a weekend long album filling 'party'. I also need to learn a lot more about varieties before I sort that many nickels
<< <i>Weiss, I just have to ask. Why?
A few reasons:
The metal value is greater than face by a fair percent now (12%). There is a reasonable chance that the value will continue to increase. There is no downside potential below my entry level--with the face value they can just be spent for what I paid for them.
There seems to be a real shift recently from rhetoric to action regarding changing composition of cents and nickels:
http://news.coinupdate.com/legislation-seeks-steel-cents-and-nickels-1117/
The only real potential loss is opportunity cost, which at current rates of return is minimal, or devaluation, which should be mitigated by the metal content.
I wouldn't put a huge amount into nickels. But this seems like a worthwhile and fun hedge with almost no downside and plenty of up.
--Severian the Lame
<< <i>picked up 8-10 oz consecutive # JM's and some odds & ends >>
next to impossible to find Libertads around here. Congrats on your finds. I'm still trying to fill two albums with Libertad BU issues
and have two rolls of the silver libs coming in a couple of weeks. I hit the bottom of a few weeks ago pretty close to dead on. (That does not happen often).
–John Adams, 1826
I have not seen this Pamp pendant before and I have a 250 Gram Zurich bar that now has someone to look after.
Zurich bar from fellow board member.
Loves me some shiny!
Yeah Weiss. Why would you ever buy 220 pounds of metal for less than the metal is worth and has a built in safety of never being worth less (nominally) than you paid??? What are you, some kind of moron? Who buys metal for under melt value????
Gecko, been there. Done that. I was asking Weiss the question, and I was interested in his reasoning. Anything wrong with that? You can attempt to dis my comments if you want, like you do everyone else's, but my question was posed in the interest of a discussion, whether you approve or not. >>
Lighten up Francis!
mesquite ... nice haul ... I really want one of those Veinte's someday
I recieved these this week ... my son called my from NWT Mint last week, and I asked to pick them up for me ... also have a couple other buys from last week, but not here yet
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
And 2 of these:
Arrive this week.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>Not my pics, but had 1 of these ½ ozers from RCM:
And 2 of these:
Arrive this week.
HH >>
wow that dragon is beautiful
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
registered mail/ sign only Box 1
Box 2 taped
Sealed bag/tamper proof
Box 3 taped/labeled bright orange
Bubble wrap, sealed tape, bright orange #2
More taped bubble wrap
AHHH! taped AGE tube
Finally
Paul
I guess you could say I'm getting back into the buying mode after being down on Silver lately. That should mean a steep downturn right around the corner lol
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Liberty: Parent of Science & Industry