Save Your Nickels! Nickel-The Next Best Metal To Silver .

The biggest advantage of nickels over pennies is that there is no date/composition confusion. At least for now, a nickel is a nickel. Even the newly-minted "large portrait" nickels have the same 75/25 cupronickel composition. But that is likely to change within just a couple of years. The US Mint cannot go on minting nickels at a loss much longer. My advice: start filling military surplus ammo cans with $2 (40 coin) rolls of nickels.

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How To Build Your Pile of Nickels

How can you amass a big pile-o-nickels? Obviously just saving the few that you normally receive as pocket change is insufficient. Here are some possibilities:

1.) If you live in a state with nickel slot machine gambling (such as Nevada or New Jersey), or near an Indian tribal casino with nickel slots, go to a casino frequently and buy $50 in nickels at a time. Do your best to look like a gambler when doing so, by carrying a plastic change bucket with a few nickels in the bottom.

2.) Obtain nickels in rolls from your friendly local bank teller. Most "retail" banks are already accustomed to handing over rolls of coins to private depositors because of collector demand for statehood commemorative quarters and the new presidential dollar coins. Ask for $20 or $30 of nickels in rolls each time that you visit to do your normal banking deposits or withdrawals. It is best to ask for new "wrapped" (fresh Federal Reserve Bank issue) rolls. This way, you might have the chance of getting rolls with valuable minting errors--such as "double die" strikes. These are usually noticed and publicized a few months after the fact, and can be quite valuable. You will also be assured that you are getting full 40 coin rolls. (Getting shorted with 38 or 39 coin rolls is possible with hand-rolled coins.) If the tellers ask why you want so many, you can honestly tell them: "I'm working on a collection for my children." (You need not tell them how large a collection it is!)

3.) If you live in or near an urban area and you operate a business, you can effectively "buy" rolled coinage at face value from your commercial bank. (They generally will not do any business with anyone unless they have an account.) It might be worth your while to on paper start a side business with "Vending Service" in its name, and have business cards and stationary printed up in that name. Have that "DBA" business entity name added to your commercial bank account. At a high-volume commercial bank you could conceivably buy hundreds or even thousands of dollars worth of nickels on the pretense of stocking change for a vending business. Depending on your relationship with the bank, they may waive any fees if you ask for a few rolls of coins. Be advised, however, that if you ask for any significant quantity at one time, they will probably charge you a premium. (Down in the small print of your account contract, there is probably wording something like this: "Coin Issued - Per Roll: .03 Currency Issued - Per $ 100: .08" Before you cry "foul", be aware that the Federal Reserve actually charges your bank a small premium when they obtain wrapped rolls of coins. (Most folks have held to the convenient fiction that a paper dollar was the same as a dollar in change. Obviously, it isn't.) In effect, your commercial banker will just be passing along this cost to you. Unless they charge you a heavy fee, then don't worry about it. Ten years from now, when a $2 roll of nickel is worth $16, you'll be laughing about how you obtained $4,000 face value in nickels at just a small fraction over their face value.

4.) If you know someone that has a machine vending business, offer to buy all of their excess nickels once every month or two, by offering a small premium.

5.) If you operate a "mom and pop" retail business with a walk-in clientele, put up a small sign next to your cash register that reads: "WANTED: Rolls of nickels for my collection. I pay $2.25 per 40 coin ($2) roll, regardless of year!" Once the nickel shortage develops (as it inevitably will), you should raise you premium gradually, to keep a steady stream of coin rolls coming in.

An Aside: Nickel Logistics

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Good, I already have several Kg of the purest nickel.

You can't eat nickel either !!

True, I expect it to be unhealthy!

Do you eat Pesos?

Better than US nickels, go to your local coin shop and look for Canadian nickels 1955-1981, they are 99% Pure nickel. You'll have to pay a small premium over face but worth it in the long run. [link to www.coinflation.com]

Happy Bankrunning

can't melt them down though...

maybe in 20-50 years from now

You can order as many as you want from your bank... they couldn't care less what you want them for.

They come in real nice boxes if you get $100.00

nickel is needed to make stainless steel
iron/cheep steel/ore + home made forge = home made corrosion resistant metal

good in so many ways

think if everyone in cypress had their cash in nickels
would have been pretty hard to steal the cash as opposed to transfer of funds

banker: "we are taking 1/2 your life savings"

person: "hope ya'll brought a forklift"

by the way, plastic 55 gal drum, filled with nickels, used motor oil (free) to top it off. open bung, look inside, old oil, generally worthless in appearance. In actuality, $40,000 safe in the old shop building. priceless

dr

not after buying the propane to melt it

All metal has value. I save nickle, copper, aluminum and zinc.

Thats nickles, (Dimes, quarters and real pennys). beer can tabs, and fake pennys. I keep them all separate in coffee cans.

Nickles are the most valuable.

When I buy beer and give them a 20, and get change, I think that I just ripped them off.

don't melt the 50d.

What do you do with them after you save them?

In the future when commodity prices rise you sell them for their "melt" value - or if the dollar crashes, they become a form of currency since they have actual worth.

The real secret in nickel is that it is the other most tightly packed element, next to iron.

There is a power device that can literally power your home on a real nickel, using that metal and catalyst.

The biggest "value" in nickel wouldn't necessarily be monetary at all. Quite the opposite.

[link to en.wikipedia.org]


Want to go further?

Thread: Corruption of Science: Destruction of the U.S. Constitution

Nickles would most likely be an easy thing for people to start buying up and keeping. A cheap investment for their future. I think I will start putting away about $10 a week worth. Might as well start someplace.

I know lots of folks don't want to buy silver or don't have the money to invest in it. This is something that anyone can do and if the cash is needed they can just take the coins to the bank, until when the nickle is really needed that is. Where with silver if you need the cash you have to go to a collector, or to a pawn shop.

Helpful site to determine current melt value of your US coins

[link to www.coinflation.com]

Nearly infinite?

your post op reminded me of the series falling skies, where the children with parasites on them (like ticks ))
go out and salvage scrap metal.
in beglium they announced they are going to stop using copper money.
imagine you as an alien race didn't even have to spread the hordes of parasites in order to get the scrap metal,
we are turning it over voluntarily.
And oh yeah, we round up the figures, have a nice day.

Wear gloves. Nickel is a toxic heavy metal.

But its "nuclear" reactions in water with a certain catalyst can power your whole home on a "nickel" and are not dangerous.

I've been doing this for years now. What is pretty telling about how bad the economy is that I'm finding more older nickels in loose change. People are raiding their piggy banks just to get by.