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Started By
Message
1
Posted on 9/27/11 at 4:50 pm to LSUtoOmaha
Well, they are hoarded because of metal content. I'm not sure beyond that how to attribute value.
Posted on 9/27/11 at 6:50 pm to Tiger JJ
I wonder how many rolls of nickels you could actually go to your local bank and trade in for dollars.. a few hundred maybe?
Posted on 9/27/11 at 8:40 pm to Tiger JJ
who would pay you the 7.4 cents each ?
Posted on 9/27/11 at 10:14 pm to Zilla
quote:
who would pay you the 7.4 cents each ?
Nobody now. It's a play on discontinuation.
Posted on 9/27/11 at 11:22 pm to TheHiddenFlask
quote:
RSBR, KFizz, Lynx, and myself all took real jobs recently and it's really cut the quality of discussion here.
Posted on 9/27/11 at 11:39 pm to Zilla
quote:
now it seems like all you do is post inflamatory, know-it-all put down post
Yeah, it's getting to be silly. This isn't Wall Street Oasis; it's a financial message board on a sports site. It's unreasonable to expect to not see threads like this one on here. This arrogant MT clique douchebaggery is lame as frick.
Posted on 9/27/11 at 11:45 pm to acgeaux129
quote:
Yeah, it's getting to be silly. This isn't Wall Street Oasis; it's a financial message board on a sports site. It's unreasonable to expect to not see threads like this one on here. This arrogant MT clique douchebaggery is lame as frick.
Sorry you aren't smart.
I like this board because it doesn't take up a ton of time like a more serious board would.
Regardless of my preferences. I don't know why every janitor joe can't just do a search of the terms silver or gold, or even better read the first page to see the 3 other threads on the issue, instead of starting some new thread,
Further, if people would accept that they don't know that would be fine, but every twatwaffle Paulson wannabe comes on here talking about how they KNOW that gold is going to go up because the Ben Bernanke is giving the economy the easings. Here's a novel fricking idea, why don't you make some kind of logical case for that and we can discuss it instead of giving a financial equivalent of "Dey tuk our JOBS". That would make some of this interesting to read about.
Posted on 9/27/11 at 11:58 pm to Tiger JJ
quote:
It's a play on discontinuation.
How exactly will that lead to riches? Hundreds of millions to billions of nickels are minted every year and have been for decades. If discontinued today, they wouldn't have any numismatic value for hundreds if not thousands of years. The government would have to collect and destroy almost all of them and create an artificial scarcity to make hoarding them for anything beyond their metal content worthwhile. You'd have to store thousands of pounds of them to make a significant return on the metal content increasing in value:
$5,000 * 20 nickels/dollar = 100,000 nickels
100,000 nickels * 5 g/nickel = 500,000 g
500,000 g / 454 g/lb ~ 1,000 lbs
Even if they doubled in value, which would be quite something, you'd have to store 1,000 lbs long-term to make $5,000 bucks, and you wouldn't make anywhere near that because of the cost of selling them, both the physical aspects of it and due to not getting full spot price.
I found this at a tinfoil hat site "survivalblog.com" in an article "Save Your Nickels":
quote:
In five years, the circulating nickel as we now know it, will be history, and it will be treated with nearly the same reverence that we now give to pre-'65 silver coinage.
That's just fricking stupid. Nickels are 75% copper and 25% nickel. Pre-'65 silver coins are 90% silver which is worth a shitload more than copper or nickel. Do you really see copper and nickel metals increasing enough to make this worthwhile?
I loved the quote:
quote:
start filling military surplus ammo cans with $2 (40 coin) rolls of nickels.
Of course you have to use "military surplus ammo cans." Where else would one store his coins?
Posted on 9/28/11 at 12:09 am to TheHiddenFlask
lol
ACT score?????
I'm not going to sift through the rest of the bullshite you posted and dignify your cute little janitor silliness with a response.
I have stated on numerous occasions that I am a young undergrad trying to learn. If you really don't understand how obnoxious you look, then I can't help you.
quote:
Sorry you aren't smart.
ACT score?????
I'm not going to sift through the rest of the bullshite you posted and dignify your cute little janitor silliness with a response.
I have stated on numerous occasions that I am a young undergrad trying to learn. If you really don't understand how obnoxious you look, then I can't help you.
Posted on 9/28/11 at 12:15 am to tims0912367
quote:
How exactly will that lead to riches? Hundreds of millions to billions of nickels are minted every year and have been for decades
True. And the production has been scaled down radically just in the past year or so - well below the historical rate.
quote:
That's just fricking stupid. Nickels are 75% copper and 25% nickel. Pre-'65 silver coins are 90% silver which is worth a shitload more than copper or nickel. Do you really see copper and nickel metals increasing enough to make this worthwhile?
I don't know that I "see" anything. I'm reading a book and observing the behavior of some rich guys that have made a shitload of money doing various things. I haven't saved nickel one.
Posted on 9/28/11 at 12:43 am to Tiger JJ
quote:
I don't know that I "see" anything. I'm reading a book and observing the behavior of some rich guys that have made a shitload of money doing various things. I haven't saved nickel one.
I certainly may be missing something, but I just don't see how this pans out in our lifetimes. Nobody cares about nickels, and there's so freaking many of them, no one's going to start any time soon. To exploit rising prices of copper and nickel metals in any significant way, you'd need to hoard thousands of pounds of this bulky item over long periods of time and hope there will be a way to sell it that doesn't eat up the increase in value. I mean, how would you transport 1,000 lbs of nickels, which is only $5,000 face value? My $.02 anyway.
Posted on 9/28/11 at 6:55 am to acgeaux129
quote:
Yeah, it's getting to be silly. This isn't Wall Street Oasis; it's a financial message board on a sports site. It's unreasonable to expect to not see threads like this one on here. This arrogant MT clique douchebaggery is lame as frick.
Smartest thing written in this entire thread.
This post was edited on 9/28/11 at 6:56 am
Posted on 9/28/11 at 7:50 am to Janky
Posted on 9/28/11 at 8:40 am to Crawdaddy
quote:
0.0512324 is the melt value for the 1946-2011 nickel on September 28, 2011
From that link
Posted on 9/28/11 at 8:41 am to acgeaux129
quote:
I'm not going to sift through the rest of the bullshite you posted and dignify your cute little janitor silliness with a response.
Cop out.
quote:
I have stated on numerous occasions that I am a young undergrad trying to learn. If you really don't understand how obnoxious you look, then I can't help you.
Please find one occasioni where you asked for legitimate help and I mocked you. If you do, I will apologize.
Posted on 9/28/11 at 9:10 am to TheHiddenFlask
quote:
Cop out.
It's hard for me to formulate an argument against "dey tuk er jerbs" because it has nothing to do with anything.
quote:
Please find one occasioni where you asked for legitimate help and I mocked you. If you do, I will apologize.
I don't think you have. I just see you on here all the time flaming average Joe posters on here for asking for investment advice. The Janitor Joe bit was ridiculous. The only time it's reasonable to mock people on here is when people discuss Iraqi Dinars.
Posted on 9/28/11 at 9:12 am to acgeaux129
quote:
The only time it's reasonable to mock people on here is when people discuss Iraqi Dinars.
Rivers started a trend of ridiculous gold threads, imo, that still persist.
Posted on 9/28/11 at 9:19 am to LSUtoOmaha
Well this thread has gotten out of control...
I was wondering how in the hell a silver coin thread got to 3 pages...I now know why.
I was wondering how in the hell a silver coin thread got to 3 pages...I now know why.
Posted on 9/28/11 at 9:32 am to acgeaux129
quote:
I just see you on here all the time flaming average Joe posters on here for asking for investment advice.
I help tons of average joe posters here, to the extent I can. I don't know much about financial advising, but I give the little knowledge I have.
The people I make assinine comments to are those who make "should I make some giant tactical bet on highly volatile assets that are at their highest historical levels" threads. I used to be civil, but the people who ignore the obvious flaws with that approach and come on here asking if it is a good idea are just looking for confirmation, not advice.
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