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View Full Version : Should I buy some 35% silver war nickels


Camhunt2
04-02-2012, 09:47 PM
So I was at the LCS today. I have always stayed away from war nickels due to low silver content. However, in browsing I saw a complete set of 11 for 11 dollars. I bought it just to have it as well as a common morgan for 26. He has a big box of nickels silver nickels for 1 dollar. This is way below spot. So should I load up on some at this price or just leave these things alone.

MaintenanceMan
04-02-2012, 09:53 PM
I would!! Thats like $18. an ounce

maxwellsilverhammer
04-02-2012, 10:12 PM
i think that is high if you intend to flip them. 2 months ago i only got $1.15 each for a handful at a coin show. then about a month ago i was at an estate sale and got 10 of them in a blue book set of nickels where there were a total of 40 nickles in the date slots and i only paid $2.00 for the set.
my point is that, there is not much of a market as yet for them that i have noticed unless you wanted to do the ebay thing.

konsole
04-02-2012, 10:15 PM
I use to have a large pile of war nickels, roughly around 5,000. I've long since gotten rid of them and the only way I would consider more is if I could get them for atleast 30% under melt value. The low silver content means you have too much other base metal to store, and I've heard the potential of melting and refining them is too costly due to the other cheap metals. They always sell for way under melt value because they are low on the desirability ladder. You'll buy them for way under melt value but then also sell them for way under melt value. If you buy and hold them for future barter thats a different story because I don't know how people in the future will treat the low silver content.

A 90% silver dime is much smaller and currently contains about .50 more silver per coin.

MaxGravy
04-02-2012, 10:16 PM
They are only 25% nickel, 75% copper. They cost more to refine, so they trade for less than .900 coin silver or .999.

And they can be hard to sell.

Matt76ers
04-02-2012, 10:20 PM
They are only 25% nickel, 75% copper. They cost more to refine, so they trade for less than .900 coin silver or .999.

And they can be hard to sell.


I thought war nickels had 35% Silver in them???

VVS1MAN
04-02-2012, 10:22 PM
i think that is high if you intend to flip them. 2 months ago i only got $1.15 each for a handful at a coin show. then about a month ago i was at an estate sale and got 10 of them in a blue book set of nickels where there were a total of 40 nickles in the date slots and i only paid $2.00 for the set.
my point is that, there is not much of a market as yet for them that i have noticed unless you wanted to do the ebay thing.

If you would have sold them on the bay you could have got at least $2.00 each for them.

maxwellsilverhammer
04-02-2012, 10:22 PM
They are only 25% nickel, 75% copper. They cost more to refine, so they trade for less than .900 coin silver or .999.

And they can be hard to sell.

maxgravy you are describing regular nickel content. we are discussing 35% silver content war nickels

VVS1MAN
04-02-2012, 10:25 PM
I say take them. You can keep them if you are a stacker or you can sell them on the bay and make a little money to turn around and buy .999!!!

maxwellsilverhammer
04-02-2012, 10:26 PM
If you would have sold them on the bay you could have got at least $2.00 each for them.

yes, well, not worth my time for the difference involved after fees and shipping and time. maybe if i was selling a large quantity lot and the buyer paid for the shipping.

MaxGravy
04-03-2012, 07:30 PM
Oops! My bad. War nickels are 35% silver, 56% copper and 9% manganese. I believe it's the manganese that makes them difficult/expensive to refine, which would explain the low price/demand.

What was I thinking? Or is it, what was I drinking? :o

Chris C
04-03-2012, 07:37 PM
Oops! My bad. War nickels are 35% silver, 56% copper and 9% manganese. I believe it's the manganese that makes them difficult/expensive to refine, which would explain the low price/demand.

What was I thinking? Or is it, what was I drinking? :o

Hopefully drinking:D


I avoid them like the plague unless I am forced to buy them to secure a larger lot.


Remember with selling on EBAY, if you hit both 20K in sales and 200 transactions you will get 1099'd.....I avoid most sales now under $1000, smaller ones eat up to much of that 200 total.

Quagmire420420
04-03-2012, 07:41 PM
Only if you can get them for less than spot by which I mean like 30% under