Nickle Speculatoin ?

COALPORTER · February 11, 2011 11:54AM

Are US nickles slowly being withdrawn from circulation ? I read that they will soon (within five years) be replaced with stainless steel slugs with no real design and only stamped 5 cents. The article went on to predict that the nickle coins, because of the copper content, will sooner or latter be worth AT LEAST 5X to 7X face and most coins will wind up in the hands of speculators that trade the coins back and forth in giant lots (70 lbs lots, so they can be shipped USPS). Is anyone here into this yet? Could it be that you could 5X your investment by hording Jeffersons now?

savoyspecial · February 11, 2011 11:58AM

>> I read that they will soon (within five years) be replaced with stainless steel slugs with no real design and only stamped 5 cents>>

by law, this cant happen.......for this reason, i would discount everything else i read from your 'source'

derryb · February 11, 2011 12:01PM

The Nitty Gritty on Nickels

Goldbully · February 11, 2011 12:02PM

Nickle Speculatoin
Did you get an 'F' in spelling.....just wonderin'

MsMorrisine · February 11, 2011 12:13PM

speculation and someone trying to be a blog frenzy with a survivalist bent.

pre-zinc cents are already 3x and there is no "speculative market"

furthermore, the speculation that:
They will soon be replaced with either silver-flashed zinc slugs, or tokens stamped out of stainless steel. (The planned composition has not yet been announced.)

apparently hasn't been fully run by the vending industry (although eventual use of electronic payment over coins may decrease that effect), nor would the thought of a "token" like coin ever be approved by Congress. They would never, ever pass up a chance to make a grand spectacle out of any change.

And as a side note, I offer to the writer that he needs to rethink the part of his survivalist blog entry that uses ammo boxes for something other than ammo.

RWB · February 11, 2011 12:26PM

Sounds like just another "internet truth" propelled by a personal agenda and a lot of ignorance.

goodmoney4badmoney · February 11, 2011 12:32PM

avenue7 · February 11, 2011 12:35PM

Nickel @ 5x face value ?!?

COALPORTER · February 11, 2011 1:08PM

<< Nickle Speculatoin
Did you get an 'F' in spelling.....just wonderin'

>>

Nope! They did not give out real grades, so I just got a "frownie face".

Raybo · February 11, 2011 1:16PM

<< Nickle Speculatoin
Did you get an 'F' in spelling.....just wonderin'

>>

Doesn't nickel rhyme with pickle?

Let's call the whole thing off!

edix2001 · February 11, 2011 1:19PM

Blacksmith: Ain't you gonna go to school?
Brisbane: Oh, I spose I'll have to, but I sure don't wanna.
Blacksmith: Don't you wanna be president?
Brisbane: Naw, I wanna be a streetcar conductor!
Blacksmith: A streetcar conductor? Why?
Brisbane: Boy, do they pick up the nickels!
Blacksmith: (Laughs) Why, when I was a lad your age, I wanted to be president. Why, I went to school every day and I studied hard, and I led my class from spelling to geometry. Yes sir, I really wanted to be president!
Brisbane: And all you turned out to be was a punk blacksmith!

~ The Little Rascals, "Readin' And Writin'", 1931

DuCrozat · February 11, 2011 1:32PM

<< Blacksmith: Ain't you gonna go to school?
Brisbane: Oh, I spose I'll have to, but I sure don't wanna.
Blacksmith: Don't you wanna be president?
Brisbane: Naw, I wanna be a streetcar conductor!
Blacksmith: A streetcar conductor? Why?
Brisbane: Boy, do they pick up the nickels!
Blacksmith: (Laughs) Why, when I was a lad your age, I wanted to be president. Why, I went to school every day and I studied hard, and I led my class from spelling to geometry. Yes sir, I really wanted to be president!
Brisbane: And all you turned out to be was a punk blacksmith!

~ The Little Rascals, "Readin' And Writin'", 1931 >>

Breezy Brisbane!

metalmeister · February 11, 2011 2:51PM

Old Canadian nickels, now were talking!

sinin1 · February 11, 2011 3:05PM

the nickel value will [robably always be more than the copper value

they must be worth 7 or 8 cents apiece now for melt
dang laws about melting cents and nickels, makes it harder to sell a few million ton to a refinery

streeter · February 11, 2011 3:26PM

I use nickle buttons in my business and I have to buy them 700 lbs at a time. When that 700 lb container--about the size of a picnic basket--a couple of years ago cost me almost $30lb---$21,000..............those 100% 1953-1981 Canadian nickels looked pretty good to me. Those are almost out of circulation. About 6x face at that time. A lot of you have saved 90% silver at less value. Now about 3x for those nickles.
FYI, with diesel going over $3.00-------and CU at $4.00lb+ , it doesn't make sense to run the earth graders in Namibia---currently the lowest cost producer of open pit mining copper. Copper will probably never be raw mined in the USA again.....just like you cannot buy clear heart redwood to build a home anymore. Environmental laws have shifted mining of lot of base metals out of this country.

No one that I know who is an industrial user of copper and nickle is laughing at the cost of these metals.
Remember the rule, bad money pushes good money out of circulation.

Nickles, I wouldn't be suprised if they are being hoarded by some people on a small scale. My mom even snickered at my dad in '64-70 when he was saving 90% washingtons, roosies & mercs from his vending machines.

CarlWohlforth · February 11, 2011 3:48PM

Way back in the old days, back in 2008, nickels were worth more than a nickel in melt value. I do believe the nickel content in nickels is worth more than copper or any other element.

I've been hoarding nickels ever since. I save every nickel I get in change. I don't get many in change and only have maybe $50-$75 worth (face value) so far.

tresgatos · February 11, 2011 5:20PM

So long, Crabby!!!!

SFBayArea · February 11, 2011 6:17PM

I'm sure that they'll change composition at some point but buying a bunch of them right now and hoarding them to wait for that change is a waste of time and money. There's better investments out there right now. I'm not going to save any nickels until they first make the change in composition and second they start disappearing from circulation.

PerryHall · February 11, 2011 9:54PM

<< Nickle Speculatoin
Did you get an 'F' in spelling.....just wonderin'

>>

I was waiting for someone to comment.

kurtdog · February 11, 2011 10:10PM

Well, while it may sound fickle,

and provide somewhat of a tickle,

there are nickels,

and there are pickles.

And there are even popsicles!

crypto79 · February 11, 2011 10:17PM

<< Nickel @ 5x face value ?!?

>>

there is already one of these, its called a quarter

ricko · February 12, 2011 1:49AM

Ludicrous and uninformed blog.... just another 'uninformed pseudo-authority' attempting to validate a worthless existence. Cheers, RickO

johnny9434 · February 12, 2011 3:02AM

<< Nickle Speculatoin
Did you get an 'F' in spelling.....just wonderin'

>>

mariam-webster does say its varient. i would say is is right. check it out

except for the speculation. ill check it out later

ambro51 · February 12, 2011 3:43AM

In regards to the general question about this...Id say that eventually the wholesale melting of our coinage will occur. I will also speculate that Big Business will have beaten YOU to the punch in a BIG way and within 3 weeks you will not see hardly a nickel or copper cent in circulation.

Do you think you can even ATTEMPT to play on the same field as Brinks, Bank of America or Coinstar?

Perhaps the answer for small denomination is tiny booklets of tissue thin fractional currency along the lines of old Green Stamps.

Nickle Speculatoin ?

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