Nickels Are Worth More Money when Metal Prices Go Up

Nickels are worth more than five-cents each when held against our current metal value charts. While the costs of metals vary each day as these commodities are traded globally, there have been times recently when each American five-cent coin has been worth about seven-cents in value. The United States government is aware of this interesting state of affairs; however, new cheaper nickels are not being widely circulated - yet.

Nickel coins that were made between 1946 and today include:

• 75% Copper
• 25% Nickel

Base-metal rates are listed daily on the New York Mercantile Exchange (NYMEX) and calculated for your nickel prices by the pound. It takes 90.8 nickels to make a pound, and each of these wonderful investment coins weighs a full 5 grams. The online Website called Coinflation, keeps a daily 'United States Circulating Coinage Intrinsic Value Chart' that displays the current metal values found in your nickel collections so that complicated math formulas are not needed.

In America, there are laws preventing the melting of coins for the sale of expensive base-metals as scrap; however, it is still legal to feed your ceramic pigs whenever they are hungry. Today, all piggy bank coin collections should be upgraded to include five nickels for each quarter saved for an instant increase in the value of your change. While gold is out-of-reach as an investment metal for many, the lowly nickel coin is still affordable.

Consumers can purchase rolls of nickels from their local banks at $2.00 each. These rolls of nickels can be stored in your home for the day when resale is possible at a profit. In the past, whenever the American government is making coins that cost more to produce than face value, the coin composition will be changed to include newer metals that are priced lower than product worth. In time, the current expensive nickel coins should be replaced with new forms of the five-cent piece that will not cost the United States government extra money to produce. As U.S. dollar worth continues to fall, it is interesting to watch your nickel collection increase in metal value.

Sources:

Coinflation: "United States Circulating Coinage Intrinsic Value Chart." 25 Oct. 2011. www.Coinflation.com