Smart Americans are hoarding American nickels since the bullion value of a nickel costs 4 cents while the face value is 5 cents. Moreover, it costs the mint to 8-9 cents to produce the nickel since it’s a 5 gram coin with a composition of 75% copper and 25% nickel. Smart Americans hoard these coins since you can buy them at face value and the value of the copper and nickel bullion will double or triple in a few years. I wish I was American instead of cucked Canadian because I would total hoard these nickels. It illegal to export American nickels so I’m out of luck and every has already picked out pure nickel and copper nickel Canadian nickels.
Smart Americans are hoarding American nickels since the bullion value of a nickel costs 4 cents while the face value is...
Wyatt Adams
Aaron Anderson
I don't think those prices are accurate.
Gavin Fisher
>”wow user, stacie told me you got really rich after high school”
>”teehee, maybe you could buy me dinner some time :)”
>” so how did you get rich user??”
“I HAV SUM NICKELS”
Kayden Thomas
If you start melting coins for material value I think bad things can result
Eli Flores
It’s very much illegal to do this, OP needs to realize he’s not the first person to come up with this idea
Alexander Lewis
Look coinflation,com and then say some shit nigger.
I know.
I didn’t discover it by myself and knew about it a while ago I’m just saying Americans have it easy. If I was an American I’d be hoarding this nickels and then when they stop making nickels just sell them for bullion value and make a profit, or melt it down and sell.
Henry Kelly
Already been hoarding nickels and copper pennies. What other metals or materials are good for hoarding other than silver and gold?
Justin Gutierrez
You’re a genius, OP. I’m genuinely impressed.
James Peterson
it actually costs money to smelt, refine, and cast metals.
more than you'll ever make from the difference in value. That's why the US still has copper cents freely circulating. They're worth twice their face value in copper, but it costs more than that to melt them.
heat aint free
oh, and stop being stupid. Use your tiny little Canadian brain
Josiah Thompson
But even if it’s illegal to export nickels, how are they gonna stop you? Maybe you’re on your way to a business trip abroad and just have a lot of spare change.
Connor Cooper
i hoard copper cents like an og. my nickels are buffalos and war silver. get good nigger.
Jonathan Lewis
Kek OP's master plan foiled before it ever started
Camden Davis
Melt value of $0.0409341...
Ian Kelly
Nearly worth 5 cents, that’s the point.
Lincoln Bell
that's literally what he said in his OP
are you retarded?
Carson Smith
You said it was worth more... do you bave any idea how much nickel and copper exsist in the ground? How much exsists even in just scrap yards?
Landon Cook
But if I withdraw all my savings in nickels and just wait a few years, I get at least 200% gains, absolutely risk free? This is fucking amazing!
Ian Martinez
I read that the costs to produce a nickel is around 9 cents, a nickel being worth less than face value makes his idea even worse.
Elijah Wilson
>You said it was worth more
no he didn't, you drooling idiot
learn to read
Dominic Gonzalez
Regardless, the idea is absolutely fucking retarded.
Carter Cruz
what makes you think it's going up?
Joshua Wood
true.
I remember some dude doing this with pennies back in the early 1970's, the feds put him in prison for a while.
Xavier Kelly
I mean you just need to find some idiot willing to buy it from you. Maybe he has a cheap way of smelting the metal that makes it worthwhile for him. Who knows? Technology makes everything possible. In the future they’ll change the composition of the coin so it’s not like he’ll be able to just collect his own nickels.
Hudson Sanders
Inflation...?
Michael Howard
>Smart Americans are hoarding American nickels
Sebastian Long
kek
Alexander Mitchell
volcano heat is free.
Matthew Johnson
I dont think that the person orginally doing it got sent to prison. Does anyone have any more info on that?
Jonathan Richardson
Trips confirm
I hear bottlecaps are a good speculative hold
Based
Ryder King
>hoarding since 2008
Isaac Sullivan
>have to melt and deface Pokémon and mtg cards to trade them.
Blake Williams
in a world where this investing strategy is viable you may be able to smelt your nickels on the wreckage of society
John Barnes
I just don’t see how it is a bad idea, besides having to wait a couple of years with a shit load of nickels in a safe in your garage. Even if the metal doesn’t appreciate, it’s still worth five cents.
David Jackson
Carson Torres
>I dont think that the person orginally doing it got sent to prison.
were you alive then? How old were you?
seems like you might not really know anything about it.
Lincoln Anderson
The US is actually experiencing a coin shortage. I haven't been able to get rolls of quarters at the store for the last week. They told me they finally got more quarters in but they have been instructed not to give out rolls due to the shortage.
Jack Myers
These smart money fucks are really something.
Jacob Phillips
For anyone calling op a retard I would like to point out that this small bag of pre 1965 quarters currently costs $1600 so its not like his thought process is completely unfounded.
That said OP you are a retard. Copper is a lot less valuable than silver rather than hoard nickles you would be better off sticking that money in an index fund or just buying silver.
Austin Thompson
>NOOOOOOOOO YOU CANT JUST MELT COINS FOR SCRAP THATS ILLEGAL AND BAD THINGS WILL HAPPEN CAUSE YOU ARE FRICKIN BREAKIN THE HECKIN LAW.
Aaron Wood
Dude, I’ve owned gold and silver ETFs. I’ve lost money and I’ve made money on them. You can’t lose money on a coin that is by definition worth five cents. It’ll always be worth five cents.
Ayden Morgan
>It’s very much illegal to do this