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To: Dr. Bogus Pachysandra

Nickels are 75% copper and 25% nickel. The “melt value” of today’s nickels is higher than the face value. They will go for the same reason silver was taken out of circulation decades ago.


12 posted on 11/27/2012 1:36:23 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee
The “melt value” of today’s nickels is higher than the face value.

The same applies to the "zinc" penny [97.5% Zn, 2.5% Cu] and is the reason that it is against the law to melt them for the metal value nor can a traveler take more than $5 of them or ship more than $100 at any one time (face-value).

The real question and quandary is, what will happen to the penny/nickel bubblegum machines? (Yeah, I know, they are already gone!)

49 posted on 11/27/2012 1:53:31 PM PST by SES1066 (Government is NOT the reason for my existence but it is the road to our ruin!)
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To: Travis McGee

>> “Nickels are 75% copper and 25% nickel.” <<

.
If that were so, they would be bright pink.


98 posted on 11/27/2012 2:19:01 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: Travis McGee
See coinflation.com

The value of a current melt value of a nickel is 5.01 cents, a penny is .52 cents.

111 posted on 11/27/2012 2:32:18 PM PST by glorgau
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To: Travis McGee

And they’ll go up in value just like junk silver did. Not as much, but more than a nickle is usually worth.


173 posted on 11/27/2012 4:20:31 PM PST by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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