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Question about nickle ingot
Today while at the local convenience store, the clerk was talking with a
customer and showing him a metal bar. When my turn came I asked him about the bar and he said that a man had found five of them in an old barn and sold him one of the bars for $20. He said it weighed 3#, and when I felt it, that felt about right. I don't remember the name that was on it, but it did say Nickle with some XXXs on it. Anyone care to hazard a guess as to the value? Dave Hinz - What say you? John |
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#2
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Question about nickle ingot
On May 30, 4:04 pm, "John Ahnen" wrote:
Today while at the local convenience store, the clerk was talking with a customer and showing him a metal bar. When my turn came I asked him about the bar and he said that a man had found five of them in an old barn and sold him one of the bars for $20. He said it weighed 3#, and when I felt it, that felt about right. I don't remember the name that was on it, but it did say Nickle with some XXXs on it. Anyone care to hazard a guess as to the value? Well, the spot price of nickel has dropped to now around US$10 per pound, so assuming '3#' means 3 pounds, that makes c. $30 of nickel, if pure. That said, I don't think there are many (if any) places where you can sell small amount of nickel as a commodity. |
#4
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Question about nickle ingot
"Padraic Brown" wrote in message ... On Fri, 30 May 2008 14:21:23 -0700 (PDT), wrote: On May 30, 4:04 pm, "John Ahnen" wrote: Today while at the local convenience store, the clerk was talking with a customer and showing him a metal bar. When my turn came I asked him about the bar and he said that a man had found five of them in an old barn and sold him one of the bars for $20. He said it weighed 3#, and when I felt it, that felt about right. I don't remember the name that was on it, but it did say Nickle with some XXXs on it. Anyone care to hazard a guess as to the value? Well, the spot price of nickel has dropped to now around US$10 per pound, so assuming '3#' means 3 pounds, that makes c. $30 of nickel, if pure. That said, I don't think there are many (if any) places where you can sell small amount of nickel as a commodity. I'm sure any scrap metals dealer / recycler will buy it. Perhaps even a junk yard. Though it might be worth more on Ebay as a quasi-numismatic item! Padraic ** Posted from http://www.teranews.com ** Metal plating shops buy that stuff too. |
#5
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Question about nickle ingot
On Fri, 30 May 2008 17:04:27 -0400, John Ahnen wrote:
Today while at the local convenience store, the clerk was talking with a customer and showing him a metal bar. When my turn came I asked him about the bar and he said that a man had found five of them in an old barn and sold him one of the bars for $20. He said it weighed 3#, and when I felt it, that felt about right. I don't remember the name that was on it, but it did say Nickle with some XXXs on it. Anyone care to hazard a guess as to the value? Dave Hinz - What say you? Sorry, been away, busy with life and all that. I'd say, check out kitco.com's base metals site and see what 3 pounds of nickel is worth today. Or, coinflation.com to see what, say, 100 bux of nickels are worth. Illegal to melt of course, today. I'm told but haven't verified, same was true for silver coins around 1964. That said, I'd rather buy a brick of nickels at a known alloy, than a lump of "mystery metal" claiming to be nickel. Assaying fees could eat into most or all of the profit for same. Coins, we know what they're made of, and not likely anyone is gonna counterfiet pre-1982 cents, or current kickels. |
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