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I Stopped Hoarding Nickels
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<p>[QUOTE="littlehugger, post: 2102378, member: 58633"]Value is relative. Nickel and copper has costs to mine and refine, and there is always inflation.</p><p> Consider the lowly wheat cent. I just skimmed a few EBay ads. Bags of 5000 wheat cents were priced between $209 and an eye-popping $675.</p><p> We are not talking Proof 70, stunning rarities or gold slugs. Lots of dealers make a living selling wheatees for ten cents each and up.</p><p> It is inevitable that one day, this profligate administration will further debase our coinage and the old copper memorial cents, nickels, at 75% copper, and cupro-nickel coins will become collectible Type coins. Even pot metal zinc cents in high grade.</p><p> I like to metal detect, and I read that there are more coins in the ground than circulating. Coins containing valuable metals will be recalled, melted, hoarded eventually, as silver and gold was. The zinc cents tend to corrode if you even think about it. Heck, people throw them on the ground rather than carry them. So even with huge mintages, they will disappear.</p><p> I had no money as a kid, but its rather small cost to put aside nickels and cents for my kids.[/QUOTE]</p><p><br /></p>
[QUOTE="littlehugger, post: 2102378, member: 58633"]Value is relative. Nickel and copper has costs to mine and refine, and there is always inflation. Consider the lowly wheat cent. I just skimmed a few EBay ads. Bags of 5000 wheat cents were priced between $209 and an eye-popping $675. We are not talking Proof 70, stunning rarities or gold slugs. Lots of dealers make a living selling wheatees for ten cents each and up. It is inevitable that one day, this profligate administration will further debase our coinage and the old copper memorial cents, nickels, at 75% copper, and cupro-nickel coins will become collectible Type coins. Even pot metal zinc cents in high grade. I like to metal detect, and I read that there are more coins in the ground than circulating. Coins containing valuable metals will be recalled, melted, hoarded eventually, as silver and gold was. The zinc cents tend to corrode if you even think about it. Heck, people throw them on the ground rather than carry them. So even with huge mintages, they will disappear. I had no money as a kid, but its rather small cost to put aside nickels and cents for my kids.[/QUOTE]
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