Nickel plating? Scrap nickel

[fatelk]

I don't know much about nickel plating or other uses for scrap nickel. I have several pounds of high quality scrap (nickel 200), wondered if there was any practical use for it other than taking it to the scrap yard.

I looked up the spot price of nickel and it's real high right now, but the local scrap yard pays 50% of spot.

I assume plating a gun would take only a small fraction of an ounce of nickel, doubt anyone plating firearms would need five pounds.

Any info will be appreciated. Thanks.

 

[Chawbaccer]

You can check for chrome platers in your area as nickle is a base for chrome, but they might worry about the purity of what you have.

 

[ken w.]

I would call every scrap yard in your area for the best price.It would amaze you at the diffrence in price just around town.

 

[mrmeval]

SELL IT! It's used by knife makers. Contact madmike http://www.sharppointythings.com and see if he can use some.

He's a member
http://www.thehighroad.org/sendmessage.php?do=mailmember&u=2655

 

[DeltaGunner]

Nickle.... Fact or FICTION?

I recently read an internet piece on a couple of individuals who reportably took $1000.00 in U.S. Nickles and smelted them into ingots, then sold the ingots, bringing them well over $6,500.00
This action, resulted in an additional law to the defacing u.s. currency, banning melting down coins.
If there is any truth to that.... melting your nickle into ingot form may incease it's value.......... now who to sell it to?

 

[mrmeval]

The mint can announce a restriction against melting down coins. I'd heard they did it recently with the insane surge in metal value but don't know how to check if it's still in effect. It's part of the law governing coinage. If they've announced no restriction it is perfectly legal to melt down whatever you want. Right now 1000 dollars of pennies zinc or copper will net double face value.

You have to make quite a bit of profit and have to acquire a large quantity of coins for it to be profitable. You have to melt down the coinage and rendered to ingots. Then there is the assay to certify it's authentic and there may be other fees involved.

Silver US coins are worth more than intrinsic value so they don't usually get melted down. They were 4 times face value in the 90s and are 8 times face value now.

 

[Chawbaccer]

As of May 2007, the value of the metal in the coin has reached 9.7 cents, just 0.3 cents short of being worth a dime,[6] due to the rising costs of copper and nickel.[7] In an attempt to avoid losing large quantities of circulating nickels to melting, the United States Mint introduced new interim rules on December 14, 2006 criminalizing the melting and export of pennies and nickels. Violators of these rules can be punished with a fine of up to $10,000, five years imprisonment, or both.[8]

Nickels minted from 1942-1945 during WWII contain 35% silver, as the nickel was used for the war effort. Their metallic value is in line with current precious metal prices, as well as the base nickel value. The metal content of these "war nickels" as of April 25, 2007 is worth $0.77

From Wikipedia