Pennies were copper until 1982, I think and the metal content got changed in other coins. People are hoarding copper.
I have them all in my *deflation bank(s).
* Deflation bank definition- Federal Reserve Notes & Coin not deposited in a financial institution.
This is a good article about paper bills, they don’t say much about coins, however, they do mention that coins get destroyed, but don’t go into detail....
Interesting question.
One analysis here:
https://www.cato.org/cato-journal/fall-2021/covid-19-coin-shortage-causes-responses-lessons
We stopped using coins with covid. they are sitting in pockets and couches?
Most valuable of current mintage of coins are quarters minted at West Point.
Under my bed...
Wikipedia’s United States Mint Coin Production page tells how many coins were struck each year. Some years hadore production than others.
Or maybe you just stopped holding onto change in the 70s and 80s.
Filling station knocked 33 cents off my bill today because they didn’t have change. They have been short of change for weeks, since I first started going to that one.
Hi paranoid.
I trust you are doing well.
If not, buy some gold coins (in person). It will make you feel better. (Remember security)
That will be a $25 donation to FR, and you can call me anytime you need to.
Solved case of paranoia.
5.56mm
They are made of dissolvable plastic. When you wash your pants they dissolve. Not having any value in the actual metal residue. You might want to install a filter on your washing machine drain. Send the residue to Biden for taxes.
Pennies were higher in copper u til the early eighties. People would collect them and taken over the border to melt them. It’s illegal in the US, but not in Canada.
I have a bunch, silver and copper, that I inherited from my grandmother. I have an Indian Head from the 1880’s in there.
Bkmk
