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Thread: Scrap metal price watch

  1. #1

    Default Scrap metal price watch

    spot nickel $6.63/lb, copper $2.99/lb

    Pre-82 Cdn nickel worth 8.7 cdn cents
    Pre-96 penny worth 2.2 to 2.9 cdn cents

  2. #2

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    Is there any market for pre 82 nickels? Just curious
    One in a million...GNR ...sums it up nicely

  3. #3

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    Quote Originally Posted by sasksilver View Post
    Is there any market for pre 82 nickels? Just curious
    82-89 nickel worth 5.13 cents before refining cost to separate copper and nickel
    90-2001 nickel worth 5.21 cents before refining cost to separate copper and nickel

    pre 82 nickel is .999 fine nickel.

    RCM did a fine stealthy job removing the pre 82 nickel off circulation.
    Last edited by yellowsnow; 07-02-2018 at 05:16 PM.

  4. #4

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    Quote Originally Posted by yellowsnow View Post
    82-89 nickel worth 5.13 cents before refining to separate copper and nickel
    90-2001 nickel worth 5.21 cents before refining to separate copper and nickel

    pre 82 nickel is .999 fine nickel.
    Oh I just meant do people actually pay nickel spit for em...ie...8 or 9 cents, or is this just a long term hold plan that may pay off in the future?
    One in a million...GNR ...sums it up nicely

  5. #5

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    Quote Originally Posted by sasksilver View Post
    Oh I just meant do people actually pay nickel spit for em...ie...8 or 9 cents, or is this just a long term hold plan that may pay off in the future?
    well, in Canada, only RCM can melt coins so technically joe smuck can't buy and melt them

  6. #6

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    I still buy all the copper pennies and nickel nickels i can from my LCS for face. All shape, size and years, it doesn’t matter, it’s a bulk purchase.
    I wish a buck was still silver, back when the country was strong. -The Hag

  7. #7

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    Quote Originally Posted by bossandy View Post
    I still buy all the copper pennies and nickel nickels i can from my LCS for face. All shape, size and years, it doesn’t matter, it’s a bulk purchase.
    for face value on the copper pennies? that is a deal... no buying bank boxes or rolls and sorting copper from zinc. good for you. probably no wheatties though, right?

  8. #8

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    These are all Canadian pennies and nickels for face, I get a lot of the King V and VI mixed in with the Queens. Kinda a little bonus.
    I wish a buck was still silver, back when the country was strong. -The Hag

  9. #9

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    I'm going to scrap yard this week, some bare (5 lbs.), and insulated copper wire that I got 64 cents a lb. for last time, iron, stainless, aluminum, brass. A good little mix. I don't know how much I have, I could find more, I know of one dumpster that is a goldmine of copper wire I can hit, but I won't. I won't pick anything up unless it's on the road or I'm driving by it. I have to be honest, the easiest scrap money I've come by this year has been iron. I won't bother picking up aluminum any longer, most all of it requires work to make it clean, and then the price is still low and it has no heft to it, and if it has a stainless steal bolt froze to it, then it's worth .05/lb. so I see allot of aluminum go to the garbage because the scrapyards won't pay, and so then it is cost-prohibitive to scrap, senseless but makes the landfill more valuable for when the day comes that they will mine those. But, wow they sure do give allot for cans, but I don't want that stink anywhere near my truck. It's one of those weeks where I've got a little money coming in through selling a bike for triple what I paid, the scrap, and some food I grew. But, a medical thing drained me about $2500 here the last two months and the local bank account is pretty dry. Time to tighten the belt another notch and build the savings accounts back up a little.
    Melt on the U.S. 1909-1982 brass penny is .01853 today. I'll pick another box from the bank this week when I go in for cash, I don't know when the easiness of acquiring them will end so I just stack the boxes and wait for winter when I'm bored to go through them.
    Canadian pennies are always a nice find, I'm surprised how low some of the mintages are on older.
    Scrap prices are still up, I bring it in as fast as I can, every few weeks, it's been a bumper year.

  10. #10

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    The reason alum can prices are steady and higher is the fact the alum is an industry standard. Once a can is recycled, it is melted, made and back on the self within 30-45 days.
    I wish a buck was still silver, back when the country was strong. -The Hag

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