Did you know that the value of a 1946-2014 Jefferson Nickel is $0.06 (as of Aug 14, 2021). I did not until I was playing around with PCGS’s Coinflation. Coinflation is an app and a website that shows you melt values of all U.S. coins, silver and base. We all know copper pennies are worth more than face, so I was looking to see if any other base coins were worth more than face value melt. So, I looked at the nickel melt value and found that it was $0.06. I guess this was due to the copper in the coin. Nickels are 75% copper after all. Thanks to Coinflation we see that there are 0.0083 pounds of copper and 0.0028 pounds of nickel in $0.05 face value of nickel. So, with today's copper price at $4.2857 a pound and today's nickel price at $8.8322 a pound, Coinflation can calculate that the exact value of one nickel is $0.059770901739957. $0.024339584880455 worth of nickel, $0.035431316859503 of copper. So, A roll of nickels has 40 coins and is valued at $2.39 when copper is at $4.2857 / lb and nickel at $8.8322 / lb (exact value is $2.39084). Unlike copper pennies, the nickels with this metal composition so the mint is wasting money on nickels. Does this mean the mint will get rid of the nickel? Well, more than 1,000,000,000 nickels are made a year so does this mean the mint is wasting $10,000,000 A YEAR on making nickels? If it's as simple as just changing the metal composition of the nickel, why does the mint not do it? Theoretically you could go to the bank, buy a roll of nickels for $2 and make $0.40? Or, even better yet, buy a box of nickels that has 50 rolls in it, and make $19.54? Kind of. It's not that simple, it is against the law to melt any circulating coins. “To protect the coinage of the United States, the United States Mint is adopting a final rule that prohibits the exportation, melting, and treatment of 5-cent and one-cent coins.” - federalregister.gov However, you will be able to melt them once they stop making nickels. You don't have to melt coins for the metal contents to be valuable though. People buy constitutional silver all the time, and that stuff is not 100% pure. So, can you make money off of buying nickels for $0.05 and selling them for $0.06? Well that's up to you. Thanks for reading and I hope you liked it.

It is a well known fact that pennies minted from 1982 and back are made of 95% copper. These copper�pennies are not rare at all. When I coin roll hunt, I find LOTS of copper�pennies. Today we will dive into whether�to keep them or not. On first thought, you might think not because�copper is not worth much. But I am here to tell you otherwise. If we take a look at the web, it takes 10-11 copper�pennies to have a melt weight�of 1 OZ of copper. If you look at the price of copper per oz today, it is $0.27 per oz. If we take a look at coinflation (A PCGS app) the copper melt value for ONE COPPER PENNY is $0.03 So if I were to go to the bank and get ONE roll of�pennies and there are, lets say 10 copper�pennies in there. So 1/5 of the roll is copper. Then I have $0.30 And it cost me $0.10 So, as far as I can tell YOU should keep copper�pennies. BUT ITS NOT THAT SIMPLE! The�pennies do not have this copper value unless they are melted and refined. BUT YOU CANT JUST MELT A BUNCH OF PENNIES! The government won't�let you! Why, you might ask. Well, then there would be almost no�pennies in circulation. So why keep them? Well because, you WILL be able to melt them! Yep! But only when the U.S. Mint stops making�pennies. You might think, when is that? Well it is estimated to be in 2026. But some people don't�want to wait that long! So they think of ways to melt them NOW! Some think, hey why not just fly them out of the U.S. and melt the there? Well because, the U.S. will only let you bring so many�pennies out of the country. You might be asking how many? Well, the answer�is not enghouth to make the trip worth it. So, your best option is to keep those copper�pennies until�they get rid of the penny, and sell them then. It will be a nice way to make so money! It might seem not worth it now, but in 2026 you will smile upon the day you started to save copper�pennies! Thank you for reading, and good luck coin roll hunting! I am a kid, so the only coin denomination I can afford is�pennies! I have a BIG tub full of copper�pennies! Like 1,000's! So I will be SO glad when its 2026. Thanks for reading.