[blam]

I posted this article last week, it already has 140 FReeper comments:

Why You Need to Own Nickels, Right Now

[Travis McGee]

How long until we get steel and zing “nickels?”

No longer than another year.

The only amusing part will be hearing their bogus rationales.

[paul51]

so when the SHTF is someone supposed to haul a truck load of nickels to the store to see if they will take it for a loaf of bread. Sorry, I don’t get this.

[maine-iac7]

ditto pre=1982 pennies

[Uncle Ike]

Isn’t it illegal to melt down US coinage for the metal content??

[smoothsailing]

Good post, but I’m surprised that the nickel is the last honest currency, I figured it would be nickels AND pennies.

[Husker24]

Okay, I understand that the precious metal content of a Nickel is worth 7 cents, but if it is illegal for a person to melt them down, how would you profit from hoarding these Nickles? Why would anyone buy them in the future if they couldn't melt them down?

[Caipirabob]

Forget it, I’m investing in America’s future currency: lead! Eat that, socialists!

[badgerlandjim]

bttt

[tryon1ja]

120 nickels pieces is worth $6.00 at face value.

Since I cannot trust the math, can I trust the story?

[bert]

ADM is better and far easier

[Greysard]

One problem with this plan is that it is based on a belief that copper and nickel, as metals, will be a desired commodity.

However in the SHTF situation there will be plenty of copper in abandoned houses (wires & pipes) and who will need nickel when the industry is deader than a common doornail?

If I were holding a loaf of bread, I'd be willing to exchange it for a good that is just as useful to me as the bread is to you. That could be some other necessity; most likely - water, ammo, gasoline, in that order.

I would accept a coin only when I know that it will be accepted, willingly or under the force of law, anywhere I go. Today both the law and the will help me to pay with US dollars. After SHTF the law will be nonexistent, so only the will remains.

But for anyone to take a common coin he needs to know its true value. How is that determined? In human societies the value of a coin is controlled by availability of such a coin. Only kings made gold coins, for example, and there were very few of those since gold is rare. But nickels ... what will happen to coins in banks' vaults after the SHTF day? They stay there, since nobody at the bank will even think once of taking them elsewhere (and where?) So if you need coins ... you just walk into an abandoned bank and take what you want. Some gangs will even walk into banks that aren't abandoned yet, and make them abandoned. The supply of nickels in banks and stores greatly exceeds anything that you can buy today, and it can be had for free after the SHTF day.

All in all, IMO only necessities will be a good currency, at least for a few years.

[paulycy]

America's Last Honest Currency

I thought you meant lottery tickets.

[Mike Darancette]

I searched my change jar today and I found a 1943 S Nickle. Web Site said it was worth $50 in the best shape almost $1,000.