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<p>[QUOTE="Spark1951, post: 3933133, member: 90692"]...the other half of the equation is inflation, not only if you could melt pennies, which you cannot legally.</p><p><br /></p><p>In the 1950s, a nickel bought 10 times more than a nickel does today, and time, read that: buying power over time, is not your friend. So if you put up $100 in coins in 1995 their overall buying power has decreased to about $93 today.</p><p><br /></p><p>So if you have collected for 57 years like me and others much longer, you might want to revisit your coin investment as a retirement scheme. I’m talking coins at FV from circulation, not specially procured, super value coins that actually appreciate over time.</p><p><br /></p><p>BTW, I, too, used to think saving pre-82 cents for their copper was a smart idea. Then, about 18 months ago, [USER=24633]@cpm9ball[/USER] [USER=44615]@paddyman98[/USER] and many other forum members made it perfectly clear that doing so was a fool’s errand. Over 500 pre-82 cents “escaped” back into the wild 18 months ago and, since then, several hundred more.</p><p><br /></p><p>[USER=109018]@Marie909[/USER] ...I implore you to keep the above in mind as you go through your coins. And, also, keep in mind that it takes time to become an experienced collector, that you <b>will </b>make mistakes but you will learn from them. Our mission here at Coin Talk is to help you learn, give you accurate information and help you minimize mistakes as you progress...Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 3933133, member: 90692"]...the other half of the equation is inflation, not only if you could melt pennies, which you cannot legally. In the 1950s, a nickel bought 10 times more than a nickel does today, and time, read that: buying power over time, is not your friend. So if you put up $100 in coins in 1995 their overall buying power has decreased to about $93 today. So if you have collected for 57 years like me and others much longer, you might want to revisit your coin investment as a retirement scheme. I’m talking coins at FV from circulation, not specially procured, super value coins that actually appreciate over time. BTW, I, too, used to think saving pre-82 cents for their copper was a smart idea. Then, about 18 months ago, [USER=24633]@cpm9ball[/USER] [USER=44615]@paddyman98[/USER] and many other forum members made it perfectly clear that doing so was a fool’s errand. Over 500 pre-82 cents “escaped” back into the wild 18 months ago and, since then, several hundred more. [USER=109018]@Marie909[/USER] ...I implore you to keep the above in mind as you go through your coins. And, also, keep in mind that it takes time to become an experienced collector, that you [B]will [/B]make mistakes but you will learn from them. Our mission here at Coin Talk is to help you learn, give you accurate information and help you minimize mistakes as you progress...Spark[/QUOTE]
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