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/biz/ - Business & Finance

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20038336 No.20038336 [Reply] [Original]

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.

>> No.20038437

>>20038336
I don't think those prices are accurate.

>> No.20038525
File: 6 KB, 236x214, 1F94399E-47E6-4ED4-BDB4-D31B8CEBD5BA.jpg [View same] [iqdb] [saucenao] [google]
20038525

>”wow anon, 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 anon??”
“I HAV SUM NICKELS”

>> No.20038547

>>20038336
If you start melting coins for material value I think bad things can result

>> No.20038583

>>20038547
It’s very much illegal to do this, OP needs to realize he’s not the first person to come up with this idea

>> No.20038614

>>20038437
Look coinflation,com and then say some shit nigger.

>>20038547
I know.

>>20038583
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.

>> No.20038618

>>20038336
Already been hoarding nickels and copper pennies. What other metals or materials are good for hoarding other than silver and gold?

>> No.20038642

You’re a genius, OP. I’m genuinely impressed.

>> No.20038709

>>20038336
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

>> No.20038766

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.

>> No.20038787
File: 7 KB, 227x222, 1555581593415.jpg [View same] [iqdb] [saucenao] [google]
20038787

>>20038336
i hoard copper cents like an og. my nickels are buffalos and war silver. get good nigger.

>> No.20038798

>>20038709
Kek OP's master plan foiled before it ever started

>> No.20038817

>>20038614
Melt value of $0.0409341...

>> No.20038850

>>20038817
Nearly worth 5 cents, that’s the point.

>> No.20038858

>>20038817
that's literally what he said in his OP

are you retarded?

>> No.20038879

>>20038850
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?

>> No.20038891

>>20038817
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!

>> No.20038899

>>20038858
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.

>> No.20038900

>>20038879
>You said it was worth more
no he didn't, you drooling idiot

learn to read

>> No.20038920

>>20038900
Regardless, the idea is absolutely fucking retarded.

>> No.20038928

>>20038891
what makes you think it's going up?

>> No.20038943

>>20038920
true.

I remember some dude doing this with pennies back in the early 1970's, the feds put him in prison for a while.

>> No.20038965

>>20038899
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.

>> No.20038978

>>20038928
Inflation...?

>> No.20038982
File: 3.56 MB, 1644x1264, ni-stack.png [View same] [iqdb] [saucenao] [google]
20038982

>>20038336
>Smart Americans are hoarding American nickels

>> No.20038998

>>20038525
kek

>> No.20038999

>>20038709
volcano heat is free.

>> No.20039011

>>20038943
I dont think that the person orginally doing it got sent to prison. Does anyone have any more info on that?

>> No.20039013

>>20038999
Trips confirm
>>20038618
I hear bottlecaps are a good speculative hold
>>20038982
Based

>> No.20039020
File: 49 KB, 800x450, DB1C7B55-A70B-429C-B19D-35F6250A3B85.jpg [View same] [iqdb] [saucenao] [google]
20039020

>hoarding since 2008

>> No.20039043
File: 64 KB, 686x386, 86D4D251-6CEB-42ED-B628-1D2D91355306.jpg [View same] [iqdb] [saucenao] [google]
20039043

>have to melt and deface Pokémon and mtg cards to trade them.

>> No.20039053

in a world where this investing strategy is viable you may be able to smelt your nickels on the wreckage of society

>> No.20039078

>>20039043
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.

>> No.20039084
File: 677 KB, 2152x1402, bass nickels.png [View same] [iqdb] [saucenao] [google]
20039084

>> No.20039088

>>20039011
>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.

>> No.20039095

>>20038336
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.

>> No.20039113

>>20039084
These smart money fucks are really something.

>> No.20039114
File: 78 KB, 613x700, AG90-100-e1494087478405.jpg [View same] [iqdb] [saucenao] [google]
20039114

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.

>> No.20039155
File: 9 KB, 233x217, 1569302027278.jpg [View same] [iqdb] [saucenao] [google]
20039155

>>20038547
>NOOOOOOOOO YOU CANT JUST MELT COINS FOR SCRAP THATS ILLEGAL AND BAD THINGS WILL HAPPEN CAUSE YOU ARE FRICKIN BREAKIN THE HECKIN LAW.

>> No.20039162

>>20039114
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.

>> No.20039174
File: 31 KB, 378x378, wojak-neck-beard-angry.jpg [View same] [iqdb] [saucenao] [google]
20039174

>>20038583
>It’s very much illegal to do this

>> No.20039221

>>20039174
Well then just sell it like it’s a collectors item. All else fails, it’s still worth five cents.

>> No.20039253

Am I stupid or sth? Why am I the only one getting excited about this?

>> No.20039268

>>20038336
Ive been seeing signs in different stores talking about a coin shortage. Looks like somebody already beat you to the punch.

Anybody else see this anywhere? Seriously wtf is going on? Are they purposely lowering coin circulation because muh covid?

>> No.20039302

>>20039221
>NOOOOOO YOU NEED TO SELL IT AS A COLLECTORS ITEM, YOU CANT JUST MELT THE HECKIN NICKELS

>> No.20039332
File: 16 KB, 650x390, muh5cents.png [View same] [iqdb] [saucenao] [google]
20039332

>>20039162
>It’ll always be worth five cents

>> No.20039480

>>20039332
I can do you one better. According to this copper is 5x is five years. https://gov.capital/commodity/copper/

>> No.20039529

>>20039088
Why don't you post a fucking article then instead of blowing air out of your ass?

>> No.20039558

>>20039174
>>20039155
Based

>> No.20039683

>>20038858
>>20038614
>>20038850
>>20038900
Ignore the tripfag, he's fucking retarded. This cretin is alrdy shitting up pmg on a daily basis and he still don't get his mind around the most basic shit.

>> No.20039780

>>20038336
Is it too late to join the nickel stacking?
Like, is it even worth the time to even sort through the change?
Ever since I started living off my SUTER staking rewards I've got a lot of free time but if it's anything less than 30 dollars an hour worth of profit I don't want to do it.

>> No.20039899

>>20039780
The only cost is buying the safe. A thousand dollars is 20k nickels. I can’t even visualize it. But it might be worth it. Copper might 5x, or it might 10x. Who knows?

>> No.20040035
File: 1.03 MB, 1237x953, copper.png [View same] [iqdb] [saucenao] [google]
20040035

>>20039480
So you're gonna pay 5c for 4c worth of copper that you then have to somehow melt and separate? Why not just buy bulk copper that you can get a much better price on. Or once again silver and gold. Silver is looking at an easy 3x-10x in the next few years and is much easier to store and transport than 100 times as much copper

>> No.20040368

>>20038978
>>20038928
also it doesnt matter if it doesnt go up - your investment is literally a different form of US currency. you cannot lose. brb hoarding nickels.

>> No.20040428

>>20039529
because the newspaper I read it in went out of business 10 years before PC's were invented, 20 years before the internet was invented, and 40 years before you were born

>> No.20040532

>>20040428
based boomer

>> No.20040561

>>20039084
Came here to mention this guy. He’s smart as fuck and an eloquent speaker to boot

>> No.20040610
File: 33 KB, 256x319, B03D7D10-F636-42AC-82DA-74E8647FF21D.jpg [View same] [iqdb] [saucenao] [google]
20040610

>>20040428

>> No.20040696

>>20040035
Because you’re paying a premium, you don’t pay any premium when buying nickels. Are you guys sub 100iq?

>> No.20040827

>>20040696
If you're buying 4c of copper for 5c what do you call that other than a 20% premium. And again I repeat this is not even pure copper you still have refine it or take a loss when you sell to someone who will refine.

>>20039899
>$1000 in nickels
Ah ok I get it you are not a serious person you are a child with limited means and options.

>> No.20041043

>>20040827
There is no premium because you’re buying cash coins and can sell those coins for the same price by depositing it in a bank. It just so happens that the coins have the right percentage and amount of copper and nickel to make it valuable. You don’t need to refine it either, prices of base metals are going to shoot up because of inflation. Look at the nominal value of copper and nickel for the past 100 years, it’s all going up. You can sell your bullion coins to a scrapper. When it becomes 15-20 cents of value per nickel in the next coming years you can still make money at a discount and essentially double or triple your investment by just holding nickels. And if you hold enough you don’t need to protect or worry about robberies since the average home robbery takes a few minutes and they won’t have time picking up and stealing hundreds of pounds of nickel coins.

>> No.20041066

>>20041043
>and can sell those coins for the same price by depositing it in a bank.
that's where /biz/ goes full retard

US banks charge a percentage to sort and package change. So no, you'll lose money cashing in a ton of nickels.
A lot of money

>> No.20041100

>>20041066
Every bank has a coin sorter for that job so I doubt it.

>> No.20041148

>>20041100
yes, they all have sorters and they charge you to use them.

>> No.20041233

>>20041148
If you call ahead and tell them how much nickels you have then you don’t.

>> No.20041266

>>20041233
>bring wrapped and boxed nickel rolls into bank
>watch them unwrap every single roll
>watch them dump them into the sorter
>watch them re-wrap each roll
>pay them 3-6%
they don't just trust your count or something. They've been fooled before.

>> No.20041331

>>20041266
There not gonna charge anything, it’s their job.

>> No.20041447

>>20041331
I'll tell them you said so

I don't think they're going to believe you

>> No.20041786

>>20038525
fucking kek'd