Is it time to actually start saving nickels in earnest

JohnnyCache

Mint is experimenting with copper coated zinc nickels. The reality of the mint making the switch to a less expensive composition may finally be at hand, after all they have been losing money for years now right.

Baley

How has investment of pre-1982 pennies been doing? We've all been saving them for 32 years now and counting, right?

Anybody made any money worth the time and effort and overhead in storing heavy, bulky metal that no one wants to buy for very much over face, if at all?

That's what's going to happen to nickels.

MGLICKER

<< <i>That's what's going to happen to nickels. >>




Unless....

.....there..... is....



.............inflation.

Icollecteverything

I dunno but I will take one of those "nonsense" test strikes.

AUandAG

Well, there goes the term "nickel". Out of date, passe, no bueno.

Can't call one of those dogs a nickel.

bob

Baley

"nickel" was never accurate; they're 75% copper.

JohnnyCache

<< <i>How has investment of pre-1982 pennies been doing? We've all been saving them for 32 years now and counting, right?

Anybody made any money worth the time and effort and overhead in storing heavy, bulky metal that no one wants to buy for very much over face, if at all?

That's what's going to happen to nickels. >>





Baley, I actually agree but thought it would make for good conversation

Baley

It might, if there were anyone around here who didn't trust "the system" or "paper", who predict high inflation, and whose preferred strategy for protecting purchasing power was to build and maintain large stacks of bulky, heavy, metal objects, that, while "under their own control", are difficult to move around, must be stored and protected from loss and theft, and take relatively more time time and effort to liquidate...

wai... wha?