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Why You Need to Own Nickels, Right Now
Economic Policy Journal ^
| 2-6-2011
| Robert Wenzel
Posted on 02/06/2011 4:25:44 PM PST by blam
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To: blam
When non-copper nickels hit circulation, the Federal banks will themselves pull the old copper nickels so that the mint can reclaim the copper.
81
posted on
02/06/2011 9:50:20 PM PST
by
HiTech RedNeck
(I am in America but not of America (per bible: am in the world but not of it))
To: Zeppo
It’s illegal to export them as well.
To: thecodont
"Back about 20 years ago I got a silver quarter in change out of a copy machine." A friend of mine has a daughter who finds an old silver coin in change at the 7/11 where she works from time to time.
We think they get back into circulation through burglaries or that sort of thing.
83
posted on
02/06/2011 9:54:51 PM PST
by
blam
To: matthew fuller
"So when is the last year that copper pennies were made? 1982
84
posted on
02/06/2011 9:56:08 PM PST
by
blam
To: Intolerant in NJ
"I've got to go add a few more dimes to fill my WWII Uncle Sam Cash Register Bank which unlocks only when it reaches a total of ten dollars inside, and hasn't been opened since about 1945....." Holy Moly...you're rich!
85
posted on
02/06/2011 9:58:20 PM PST
by
blam
To: HiTech RedNeck
"When non-copper nickels hit circulation, the Federal banks will themselves pull the old copper nickels so that the mint can reclaim the copper." Get'em while you can, eh?
86
posted on
02/06/2011 10:00:39 PM PST
by
blam
To: blam
87
posted on
02/06/2011 10:02:15 PM PST
by
matthew fuller
(My list: Bachman, Barbour, Bolton, Cain, Liz Cheney, Daniels, DeMint, Inhofe, Palin, and Pawlenty .)
To: Blood of Tyrants
legally, you can’t melt down coinage....how do you make money from pennies or nickles if you can never use them for their mineral content.
88
posted on
02/06/2011 10:09:32 PM PST
by
cherry
To: cherry
"...how do you make money from pennies or nickles if you can never use them for their mineral content." They're bought and sold by weight at coin stores.
89
posted on
02/06/2011 10:15:41 PM PST
by
blam
To: The Comedian; Joya
90
posted on
02/06/2011 10:16:13 PM PST
by
Quix
(Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
To: blam
We think they get back into circulation through burglaries or that sort of thing. Either that or piggy banks getting raided for the first time in years.
We had a rough year before the latest boom, and the average $10 lot of pennies from the bank would have three or four wheat cents and was about half copper. Now, more like 20-30% copper and no wheaties.
A friend built a nice collection of Silver Certificates and US Notes working at a bingo hall about 20 years ago. A couple of little old ladies would bring them in every week to buy cards with. Some bills even had rust stains from the paper clip, and it is likely they remembered the depression and didn't trust banks still.
91
posted on
02/06/2011 10:17:46 PM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: cherry
90% Silver U.S. Coin BagsEach 90% silver bag contains either 4,000 U.S. quarters or 10,000 U.S. dimes dated 1964 or earlier...weighs approximately 800 troy ounces (or 54 pounds)...and contains approximately 715 ounces of pure silver.
One of the primary benefits of a 90% silver coin bag investment is that the bag has a built-in guarantee simply unavailable with most other silver investments: No matter what happens to the price of silver, the value of your 90% silver bag will never be worth less than its $1,000 face value.
92
posted on
02/06/2011 10:20:51 PM PST
by
blam
To: The Comedian
In the old days, this crap had chocolate candy inside...
93
posted on
02/06/2011 10:35:01 PM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: thecodont
Back about 20 years ago I got a silver quarter in change out of a copy machine. That's nothing! I got a 1943 quarter in change at the local Big Box this past December. Darned near had a Holiday Heart Attack!
94
posted on
02/06/2011 10:42:29 PM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: joinedafterattack
Only problem is it is a federal crime to melt nickles. Not in Mexico, Senior! That porous border works both ways!
95
posted on
02/06/2011 10:57:42 PM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: joinedafterattack
Its illegal to export them as well. It is also illegal to enter the United States without proper documentation...
96
posted on
02/06/2011 11:01:22 PM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: Bloody Sam Roberts
To: joinedafterattack
Only problem is it is a federal crime to melt nickles.If we get to that point, the idea of this as a federal crime is going to be the least of our problems...
98
posted on
02/07/2011 4:20:30 AM PST
by
IncPen
(Educating Barack Obama has been the most expensive project in human history)
To: blam
Clearly, copycat copper capers create consternation.
To: CommieCutter; Oatka
100
posted on
02/07/2011 5:19:16 AM PST
by
jiggyboy
(Ten percent of poll respondents are either lying or insane)
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