tag:blogger.com,1999:blog-27192458639638397892011-04-21T12:10:36.206-07:00unclenutjobnoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-2719245863963839789.post-33791523561304707722008-01-29T14:06:00.000-08:002008-01-29T20:32:09.042-08:00As the value of nickel continues to escalate, I decided to write a little piece on the intriguing concept of nickel bullion.<br /><br />Many older Canadian nickels have the unique feature of actually being made out of nickel. As Canada is a primary producer of nickel, for many years these coins were minted out of .999 nickel planchets, now making them much more valuable than the face value based on metal content alone. The Royal Canadian Mint has not made pure nickel coins since 1981 when it moved to cupronickel (75% copper/25% nickel). In 2000 they switched to nickel plated steel due to cost.<br /><br />Like so called "junk silver" coins, they have begun to become collectors items due to the fact that they are worth more "dead than alive". While it is currently illegal to melt Canadian nickels in Canada, many people believe that they have a premium value due to content and have begun trading at a premium to face value, much like the "junk silver" coins of the '60's and earlier.<br /><br />Unlike "junk silver" coins, nickels struck in nickel are pure, making them much more tradeable, as no secondary metal has to be seperated out of them to establish a true value (thus eliminating smelting fees of around 10%). Also, with each coin weighing 4.54 grams, they divide very nicely into even lots. 100 Canadian nickels = 1 pound of pure nickel. For these reasons (as well as not having to break any existing laws), these Canadian nickels are EVEN BETTER than the "junk silver" US and Canadian coins.<br /><br /> The numbers below were mapped out according to spot prices at the close of 1/28/08. As the price for these base metals continue to rise, so will the INSTANT PROFIT.<br /><br />Jan 28, 2008<br />Copper $3.2160/lb 0.0102 Zinc $1.0163/lb 0.0005 Nickel $12.0754/lb 0.0869<br /><br />Canadian Coin Description Face Value Metal Value (USD)<br /> 1942 - 1977 Cent * $0.01 $0.0226206 +126%<br /> 1978 - 1979 Cent ** $0.01 $0.0225300 +125%<br /> 1980 - 1981 Cent ** $0.01 $0.0194705 +95%<br /> 1982 - 1996 Cent ** $0.01 $0.0173842 +74%% <br /> 1997 - 1999 Cent $0.01 $0.0052153 no profit<br /> 1955 - 1981 Nickel $0.05 $0.1196524 +139%<br /> 1982 - 1999 Nickel $0.05 $0.0547558 +11%<br /> <br /> 1942-1996 = 98% copper<br /> 1997-1999 = 97.5% zinc<br /><br /> Canadian nickels<br /><br />1920 -1921 .80 siler .20 copper<br />1922-1942 .99 nickel<br />1942-1943 .88 copper .12 zinc<br />1944-1945 Chromium plated steel<br />1946-1951 .99 nickel<br />1951-1954 Chromium plated steel<br />1955-1981 .99 nickel<br /><br /> -2000 - Canada changes cents to 94% steel, 1.5% nickel, 4.5% copper (plating)<br /> nickels to 94.5% steel, 3.5% copper, 2% nickel (plating)<br /><br />US Coin<br /> 1909-1982 cent (97.5% nk) $0.01 $0.0212955 +112.95% (91%)<br /> 1982-2008 cent (97.5% zc) $0.01 $0.0059043 no profit<br /> 1946-2008 nickel $0.05 $0.0598640 +19.72%<br /><br /><br />In 2000 - Canada changed cents to 94% steel, 1.5% nickel, 4.5% copper (plating)<br /> nickels to 94.5% steel, 3.5% copper, 2% nickel (plating)<br /><br />watch for the US to match these makeups VERY SOON. As the Canadian dollar surpasses the US dollar in value, vending machine companies will be happy to have matching coins. For every Canadian coin used, the vender makes a slightly higher profit...<br />(not to mention it will make for a smoother transition to the <a href="http://seeitoldya.blogspot.com">North American Union.</a>)<br /><br />(note: this article written by <a href="http://unclenutjob.blogspot.com">UncleNutJob</a> )<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2719245863963839789-3379152356130470772?l=lead2gold.blogspot.com' alt='' /></div>unclenutjobnoreply@blogger.com0