Peter Schiff Gives Confusing Investment Advice On Copper and Nickel

Peter Schiff wants investors to buy nickels instead of US Treasury Bonds. He argues the copper and nickel inside each coin now outvalue the bond market. The economist put the melt value at 7.76 cents, about 55% above face value. However, federal law bans melting the coins at all.

The nickel and copper in modern nickels are now worth 7.76 cents, 55% more than the cost of buying nickels from the bank at face value. The U.S. government stopped making pennies last year. Soon it may stop making nickels too. Buy yours while you can.

Much better than Treasuries.— Peter Schiff (@PeterSchiff) September 8, 2026 Peter Schiff’s Unconventional Nickel Math Copper price closed Tuesday at $6.69 a pound on COMEX, just below its August record. Nickel settled at $16,776 a tonne.

Each coin carries 3.75 grams of copper and 1.25 grams of nickel. Those prices value the metal at 7.63 cents, roughly 53% above face value. Schiff’s number therefore lands close to the mark.