Friday, March 19, 2010
Keep an Eye on Nickel
One thing that I like to do every once and a while along with my copper hoarding is pick up a few rolls of nickels and keep just for speculation purposes. Right now the Jefferson Nickel is worth 5.5 cents or just over half a cent more than its face value. The best thing about hoarding nickels is the only sorting you have to do is if you are searching for old dates or wartime nickels. Other than that, the composition of the nickel is still the original 25% nickel 75% copper that it has been for years. This also makes nickels a good investment when planning on a copper price increase. I would encourage you to pick up a few rolls every now and then and just keep them in a safe place for now. I believe it is a good bet that the nickel will follow the same trend as the pre 1982 copper cent sooner rather than later. Besides, what do you have to lose? The worst that can happen is you have the exact same amount of money that you put into the investment.
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