now that they've got 7.8 cents of melt value they're still worth hoarding.
This might be a short year for nickel production, so keep an eye peeled on the mintages. Or, maybe next year........it really can't hold on much longer.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>now that they've got 7.8 cents of melt value they're still worth hoarding.
This might be a short year for nickel production, so keep an eye peeled on the mintages. Or, maybe next year........it really can't hold on much longer. >>
I don't see bags of nickles for sale at the mint site.
Anyone know if they are going to offer these this year?
<< <i>This might be a short year for nickel production, >>
It depends on when their metal contracts expire. The reason they have been able to continue issuing nickels even though the metal value was higher than the face value is because they are still operating on contracts signed with suppliers back when metal prices were lower. So the mint has been paying LESS than market price for the metal they are using. But you can bet that the next time the contracts are negotiated the mint will be paying much higher prices for the metal and they probably will not be able to get a long term contract. When that happens we will see a new composition for the nickel.
The Lincoln complaint gave me an idea, let's start a completely non-politically correct commemorative reverse. Everyone has to pick something that will offend someone else. If it something that offends both parties (one party is offended because it's on a coin, the other is offended that someone else doesn't want it to be on a coin) gets double points.
A coin commemorating the 2nd amendment one month, and then a coin commemorating the Brady Bill the next month. Imagine the dust-up!
Comments
This might be a short year for nickel production, so keep an eye peeled on the mintages. Or, maybe next year........it really can't hold on much longer.
I knew it would happen.
<< <i>now that they've got 7.8 cents of melt value they're still worth hoarding.
This might be a short year for nickel production, so keep an eye peeled on the mintages. Or, maybe next year........it really can't hold on much longer. >>
I don't see bags of nickles for sale at the mint site.
Anyone know if they are going to offer these this year?
<< <i>I don't see bags of nickles for sale at the mint site.
Anyone know if they are going to offer these this year? >>
Why would they? Do they offer dime bags?
Uh... let me rephrase -- bags of dimes, that is.
It's just regular coinage.
<< <i>
<< <i>I don't see bags of nickles for sale at the mint site.
Anyone know if they are going to offer these this year? >>
Why would they? Do they offer dime bags?
Uh... let me rephrase -- bags of dimes, that is.
It's just regular coinage. >>
Bob, in the past you could purchase $25.00 Bags of nickels. I have one of the buffalo nickel
<< <i>Bob, in the past you could purchase $25.00 Bags of nickels. I have one of the buffalo nickel
But from a bank, right? Not from usmint.com at a substantial premium to face. That seems like a modern phenomenon.
<< <i>
<< <i>Bob, in the past you could purchase $25.00 Bags of nickels. I have one of the buffalo nickel
But from a bank, right? Not from usmint.com at a substantial premium to face. That seems like a modern phenomenon. >>
They came from the mint my friend
Hoard the keys.
<< <i>This might be a short year for nickel production, >>
It depends on when their metal contracts expire. The reason they have been able to continue issuing nickels even though the metal value was higher than the face value is because they are still operating on contracts signed with suppliers back when metal prices were lower. So the mint has been paying LESS than market price for the metal they are using. But you can bet that the next time the contracts are negotiated the mint will be paying much higher prices for the metal and they probably will not be able to get a long term contract. When that happens we will see a new composition for the nickel.
The Lincoln complaint gave me an idea, let's start a completely non-politically correct commemorative reverse. Everyone has to pick something that will offend someone else. If it something that offends both parties (one party is offended because it's on a coin, the other is offended that someone else doesn't want it to be on a coin) gets double points.
A coin commemorating the 2nd amendment one month, and then a coin commemorating the Brady Bill the next month. Imagine the dust-up!
It's as if Borat was the mint's chief engraver.
Sort of like the Lincoln wheat and Memorial cents, except the obverse changed instead of the reverse.
My Adolph A. Weinman signature
