How to Buy Nickel
Nickel is a metal used for many industrial purposes and is also the base of the United States five-cent coin. Nickel is a silver metal that easily forms into foils, wires or meshes. It is a reasonable electrical conductor. Like all other natural resources, nickel supplies are finite, thus making nickel an attractive base metal for investors seeking alternative investments. There is not a large market for nickel assets, so investors must diligently seek the metal out.
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Instructions
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Buy rolls of nickels from your local bank. Ask for wrapped nickels to ensure you are getting the full 40 nickels per roll. Nickels have 25 percent nickel and 75 percent copper. This isn't the most efficient method of buying nickel but it is a start.
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Look for Canadian nickels made between 1955 and 1981. Canadian nickels in this period are made of 99.9 percent nickel. Canadian banks, coin collectors and mints may offer Canadian nickels to investors abroad.
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Purchase nickel bullion from a U.S. mint. Not every mint offers the metal as an investment so you may need to call several mints until you find a provider.
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Buy nickel from metal suppliers serving the medical, armory, battery or other industries that rely on nickel for plating purpose. You can collect foil, wire or sheets of nickel up to 99.99 percent pure from suppliers.
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References
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