- Apr 1, 2010
With nickels you've got the "still in production" issue as well as the melt ban issue. You are locking yourself out of dollar loss , but you are also locking yourself out of dollar profit until both production and the melt ban end. Based on historical precedent it will take years for the melt ban to be lifted after production ceases. The annual mint reports show a decreasing dollar loss in penny & nickel production for the last 5 years. So it appears they will be produced as-is for a awhile yet, until cu/ni goes sky high again, then they may get back around to talking about a new nickel. If you're going to go heavy into nickels you best have a plan to liquidate them. I don't see any scenario there that doesn't involve a huge pain in the ass as well as settling for some price significantly back of melt.