I find it very funny that you can purchase Nickel round stock or bar stock for around $8.00 lbs. But if you want one ounce of Nickel with a strike on it it cost $10.00 per ounce. So that’s $160.00 for 1 lbs of Nickel rounds on a $8.00 investment. Not bad! All I need now is a design and equipment and I will be rich! However I believe the high price of these rounds is due to the market. Copper and Nickel rounds carry a heavy premium on them due to sale values being so low.
Copper sells for around $5.00 lbs or $5.00 for 1 ounce with an image struck on it. So that’s $80.00 lbs. Decent mark up.
Silver is traded currently right now for $17.26 and sold polished, stamped, certified, packaged and insured for $20 + per ounce. Seems like the mark up on Silver is not as good as Nickel or Copper? Lol. But I guess there is a lot more sold and exchanged daily than the metals.
Let me know what you think.
@digestingreality