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A nickel's melt value fell below its face value from late 2008 through mid-2010, and more recently again from late mid-2012. [114] In February 2014, it was reported that the Mint was conducting experiments to use copper-plated zinc (the same composition used for the United States 1 cent coin) for the nickel.
The US nickel coin contains 0.04 ounces (1.1 g) of nickel, which at the April 2007 price was worth 6.5 cents, along with 3.75 grams of copper worth about 3 cents, with a total metal value of more than 9 cents. Since the face value of a nickel is 5 cents, this made it an attractive target for melting by people wanting to sell the metals at a profit.
Those were followed by the Liberty Head nickel (1883-1913), Buffalo or Indian Head nickel (1913-1938) and Jefferson nickel (1938-present). Trending Now: I’m a Self-Made Millionaire: 6 Steps I ...
On May 11, 2011, Utah became the first state to accept these coins as the value of the precious metal in common transactions. The Utah State Treasurer assigns a numerical precious metal value to these coins each week based on the spot metal prices. The bullion coin types include "S" (San Francisco, 1986–1992), "P" (Philadelphia, 1993 – 2000 ...
The Walton specimen 1913 Liberty Head nickel, owned by George O. Walton, was “incorrectly labeled a fake after it was recovered from a 1962 car crash,” according to Pearlman.
Buffalo nickels are nostalgic coins that were in circulation from 1913 until 1938. Once a regular discovery in everyday life, these coins are now valued antiquities from a bygone period. They were...
Key dates for the series include the 1939-D, and 1950-D nickels. The 1939-D nickel with a mintage of 3,514,000 coins is the second lowest behind the 1950-D nickel. The cause of the key date of 1939 stems from the new design that excited collectors the year prior, after the initial hype had settled down fewer nickels were saved.
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
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