Will the Nickel be the next coin people hoard?

I read somewhere that the government may change the metal content on a US coin. The article didn't say which coin but said it would tell me if I signed up for something. I used a precious metal calculator and found that one dollar worth of nickels is worth $1.07. It appears its costing Uncle Sam more to make a nickel than its worth. I went to the bank and bought some rolls. Even if the metal goes down, they're still worth a nickel. Anyone else thinking nickels are a good buy and may start disappearing like silver did? 7% gain right now is not too bad and it may go up if they start making them out of zinc or a cheaper metal.

 

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Some people have been doing this for a while.

 

I already feel stupid saving all my copper cents, I shall continue spending my nickels for face.

 

The only problem with the nickel is that it is 25% nickel and 75% copper...and both parts are pretty much equal in how much they add to the total metal value. So...are people saving them for the nickel or copper?

And, pennies I kinda understand because they are worth 246% of the face value (as of today) whereas the nickel is only 107%, as the OP mentioned.

Just not worth it to me..

 

I think the nickel coins is a replacement of a quarters in slot machines in CASINO!

 

I am tellin ya it's heavy metal. If you're gonna hoard nickels for the intrinsic metal value, You might as well invest in a two wheel dolly to haul it around. I have some unc rolls and the weight adds up fast. It might be a good long term investment but wear a back support belt.

 

Yeah I mean long-term I'm sure they'll be worth more than the current 107%. But there are so many things that take away from the potential gain...

The room they take up
The weight
Shipping or listing costs to sell
Time involved
Finding a buyer cause without a buyer they are worth no premium (and the buyers have to be comfortable with all the above issues too!).

Again, not worth it to me.

 

I think no, it shouldnt be. Its just 7 %, and 1000 bucks in nickels will be what, am i right 70 dollars in profit? First off, thats probably gonna cost more in gas to ship it (if you use a regular car) its time consuming, it costs alot in real estate space. Why? i dont see the point. I keep like a couple dollars in them copper pennys pre-1983 for the fun of it, but hoarding pennys or nickels isnt worth it.I actually gotta get those pre 1983 copper pennys rolled, some lower mintage ones are worth 80-85 cents a roll to sell.

 

Not to mention having your wife always nagging you about "those darn nickles in the closet" lol

 

You could probably make a better case for discontinuing the nickel than the penny, as there's no change combination between 1 and 99 cents that requires a nickel.

Hoarding them probably not worth it though, at least not now.

 

I don't buy regular nickels, but I save them when I get them. I do have a few pounds of 99.9% pure Canadian nickels that I paid a slight premium for just because I wanted the pure base metal.

I do think trading in excess dollars for nickels is a good play though. You can't go to the bank and get coppers, but you can get practically as many nickels as you want for zero out of pocket. It's a free investment that won't go below face value and could pay off.

I read somewhere somebody was using nickels to weigh down their large safe, not a bad idea.

 

While it is possible it could pay off, a lot of things would need to align for that to happen. That is not the important part though, it is a very bad play, and just because it can never go below face DOES NOT MAKE IT A FREE INVESTMENT.

The absolute last thing an investor should do is hoard the US$ long term. Anyone who does this is destined for failure. Our currency system works best with mild inflation. It is built into the master plan. When your investment is just sitting there at face value, you are not breaking even. YOU ARE LOSING MONEY. You need to put those USD's to work. It was easy in 2012 to make 15% in equities, and almost all other investment classes posted nice gains. BTW, both nickel and copper are down around 5% YTD. In addition, 5 years ago nickel was trading around $16 a pound, now it is a bit south of $9


So in conclusion, hoarding nickels is just being on the wrong side of the odds.

 

Yeah, 7% doesn't sound too bad, but factoring in all the costs involved, the fact that the metal value is 7% more than the face value doesn't mean you will get that.

I agree...it could pay off. But there are many better ways to try to get a pay off.

 

I have been doing CRH for a while now and usually do 500 in dimes at a time. Since they have been non productive recently, I decided on 500 in nickels.I could feel the extra weight in my Tahoe. These things are extremely heavy in larger quantities . If I continue I will need to invest in a back brace, dolly, and a F-450 with a tommy lift.

 

Exactly why it is worth it in a way to collect copper pennies, however collecting Nickels for bullion just isn't worth it one bit IMO.

 

On the plus side, no one will ever steal them from you.

Too much like work.

 

Inflation Ahead -- Save Your Nickels!

http://www.survivalblog.com/nickels.html



These folks have been for years. They see it as pre-1965 silver all over again!

 

The trick is figuring out what the next "thing" will be. My buddy bought a AK rifle 12 years ago for $375. Same rifle today is selling near $2000. Should we have stacked rifles 10 years ago?
I have a small stash of copper pennies. Not sure why, other then it's fun roll hunting. Now nickles? I may need a bigger safe.

 

Gold, guns, ammo, and magazines prices are all human driven by the "Confiscation Democrats." Soon add salt, sugar, silver, etc., as they hate them also. Has nothing to do with item being scarce or hard to make. Has all to do with gov’t confiscating items of real value to people.