Mint issues of the s to condition census rare dates in various series are definitely a possibility. What if the wealthy numismatist was interested in nickels? Dallas-based hedge fund manager Kyle Bass has a serious interest in nickels, but he takes a dramatically different approach than what might be expected. Bass could easily afford coins in the six-figure and up range, but for now he is targeting much more mundane pieces. Why would a guy who deals in big numbers and sophisticated investing strategies bother with lowly nickels?
That makes 47 rolls per layer equaling 94 rolls total. The larger. If you buy more than a few hundred dollars worth of nickels, do not over-stress your house. Do not store them upstairs or in an attic.
Storing the boxes or ammo cans on a concrete slab floor is ideal. Let me preemptively state that I realize that money tied up in coins will not benefit from the interest that a bank deposit would earn. But foregoing interest is not a major concern.
Because I think that it is a fairly safe bet that commodity price inflation will outstrip the prevailing interest rates for at least the next five years. We saw what happened when clad copper dimes, quarters and half dollars were introduced in We should learn from history.
Something comparable will very likely soon to happen with nickels. You, as a SurvivalBlog. The situation with Canadian nickels is much more complicated than with U. Here is a summary:. To the citizenry at large, the real consequence of the debasement is this: The melt value of a stainless steel nickel will be less than half a cent.
We will be robbed again folks, just like our parents were, in There would be no need to debase coins except for continuing, insidious inflation. The goal of all government mints is to maintain seigniorage —which is making a profit on the coins that they produce. Where their cost to produce each coin is less than its face value. The U. No wonder people instinctively hate them. Debasement or abandonment of nickels and pennies is coming , but the wheels of bureaucracy turn slowly.
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The Root of the Problem It is inevitable that any country that issues a continually-inflated fiat paper currency will run into the problem of their coinage eventually having its base metal value exceed its face value. Why Not Pennies? Here are some possibilities: 1. An Aside: Nickel Logistics Nickels are heavy! Storing and transporting them can be a challenge. Here is a summary: — Canadian Nickels were I used to save them all before as well but I was getting too many of them. I now only save them if they have some steps showing unless it is a War Nickel or the top five lowest mintage.
I have over half of a box of P nickels alone. Someone is going to be surprised when I go and dump them. Still Lookin. Quote: The dates are from the s and up. Take a look at my other hobby Quote: Value is all dependent on condition. Next Page Last 15 Replies. View Last New Topics. View Last Active Topics. Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors.
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For a little while there about a year I was taking every nickel in my change and setting it aside. The idea was to have a stash when the mint announces they are changing the composition due to high nickel and copper prices. At one point the five cent piece had a melt value of double the face value. Since then melt values plumetted to its current value, below face value. I now realize that was a very dumb idea. Especially when you can and will after announcement be able to walk into a bank and buy as many nickels as you want.
Even after doing so you won't be able to do anything with them anyway since law prevents anyone from melting them legally. Take the copper penny for example. Even with a melt value well above face you can't find someone to pay you melt. And they are still found easily even after the composition changed over 30 years ago! Bottomline, I realized it was extremely foolish to hoard nickels.
Endeavor , Mar 10, Log in or Sign up to hide this ad. Boy saving a years worth of nickels still had to be a nice little nest egg to put into some new ups. Paddy54 , Mar 10, Endeavor and rockyyaknow like this. Never have hoarded anything but I agree, it doesn't do much but tie up some cash.
Remember when people wanted to save copper bars? Copper rounds? Someone else had a closet full of 5 gallon buckets with pennies. He was worried his floor would give out. All the YN's thought they would be doubling their money because they were on the ground floor of a new precious metal?
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