Put another nickel in?
May 29, 2014
Hoarding cents was my topic yesterday and that put me in mind to write about hoarding nickels.
There are still some collectors out there who are looking to profit from their nickel holdings when it becomes legal to melt them again.
They began their quest when the price of the metal was far higher than it is today, back in the 2006-2008 period.
Present value of the 5-cent coin is just below five cents, so there is no profit to be obtained from melting them.
Rather than continue to hold them, it would be far better to take the coins to the bank and get folding money for them.
See Full Story
Something to add? Notice an error? Comment on this blog.
About the Author