Nickel is a silvery white shiny metal used primarily for corrosion-resistant alloys and to produce grades of stainless steel. Nickel has excellent chemical properties and is also used in rechargeable batteries for this reason. (read more)
For a long time nickel was not recognised as a metal in its own right, but was instead regarded as a non-meltable component of copper ore. This view was not refuted until the 18th century. Nickel is indeed very resistant to high temperatures and corrosion. Even a small amount of nickel can considerably improve the strength and resistance to corrosion of steel when used as an alloy, something which is made use of in the steel industry. The most important use of nickel is therefore in the production of stainless steel and other metal alloys. Nickel is also used in electroplated coatings. Around one quarter of the global demand for nickel is met by recycling nickel scrap.
Around 40 per cent of global nickel output is consumed in Europe, followed by Asia and America. Because steel production has increased substantially in China in recent years, the demand for and consumption of nickel is also increasing at a very fast pace there. This demand cannot be met from Chinese nickel deposits, as a result of which China is one of the largest importers of nickel.
The most important trading venue for nickel is the London Metal Exchange.
How much does nickel cost per pound?
Nickel prices have tended to range between $5 and $10 USD per pound. Nickel is an element on the periodic table with an atomic number of 28 and chemical symbol Ni. It is a silvery-white, shiny metal that is strong and resistant to corrosion, making nickel beneficial to add to strengthen metal alloys.
How much does a nickel coin weigh?
The answer is you will have $4.55. A single nickel coin or five-cent piece from the USA weighs 5 grams each which is 0.011 pounds. Therefore 5 nickels weigh 0.055 pounds, 10 nickels weigh 0.11 pounds, 50 nickels weigh 0.55 pounds, 75 nickels weigh 0.825 pounds, and 91 nickels weigh 1 pound.
What is the nickel bullion calculator?
The nickel bullion calculator will only calculate what the nickel metal is worth (intrinsic value), and will not determine any collectible value of your bullion. Use the nickel bullion calculator to determine how much your nickel bullion is worth, or to decide what you are willing to pay based on the spot price for a pound of nickel.
How do I determine the value of my Nickels?
The U.S. nickel values and price tables listed below have coin values and prices based on how much you can realistically expect a dealer to pay you for your nickels if you want to sell them today. Therefore, when you determine the value of your nickels (or any other coins), remember the difference between price and value.