Post
Topic
Board Politics & Society
Re: Great metals play: a nickel is now worth over six cents in metal content
by
AyeYo
on 19/08/2011, 13:16:21 UTC
A nickel is now worth over six cents and will probably soon be made out of zinc.  Right now they're 25% nickel and 75% copper.  Collecting nickels is a great way to save with no financial risk since a nickel will always be worth at least a nickel.  I've started to collect them, getting a few rolls every time I go to the bank.  I figure it's like making a 20% profit on every roll I buy.  The downside is figuring out where to keep them all.


I nickle weighs 5 grams.  So you need to transport and store 5 grams for every penny that you make.  Have you actually done the math on this one?

To make $100, you need to buy and transport a little over 100lbs. of nickles.  That is, of course, assuming you can actually find someone to pay you 6 cents for them.  Let me know when you even get that far.