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<p>[QUOTE="Endeavor, post: 2387409, member: 60292"]As [USER=56842]@Dougmeister[/USER] wrote, it really depends on the person and their mindset.</p><p><br /></p><p>I currently save all pre-1960 nickels as well as pre-1983 cents. I wouldn't have started to do so if they were tying up a significant amount of money or space. However I'm getting to the point where the quantity is adding up. I have recently been contemplating to sort through them and only keep the ones that are of high grade or scarce/rare (which aren't many).</p><p><br /></p><p>I started saving them for the simple fact that they were already worth more than face and with the hope that maybe some day copper and nickel prices would increase. I am aware that the laws don't currently allow for the melting of coins and that there are costs associated with smelting the metals into pure form which will eat into the premium. The idea is that maybe someday it will be legal to melt the coins and the premium for such metals is greater than all the costs, plus face.</p><p><br /></p><p>Aside from that there are other uses that they could be used for should the metal value fall flat... like filling out folders or building sets (mini or full). If you want to really get creative you can use them to make art.</p><p><br /></p><p>Although some may say there is opportunity cost in keeping them sitting around, at least I know I can always turn them in to the bank for face value.[/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 2387409, member: 60292"]As [USER=56842]@Dougmeister[/USER] wrote, it really depends on the person and their mindset. I currently save all pre-1960 nickels as well as pre-1983 cents. I wouldn't have started to do so if they were tying up a significant amount of money or space. However I'm getting to the point where the quantity is adding up. I have recently been contemplating to sort through them and only keep the ones that are of high grade or scarce/rare (which aren't many). I started saving them for the simple fact that they were already worth more than face and with the hope that maybe some day copper and nickel prices would increase. I am aware that the laws don't currently allow for the melting of coins and that there are costs associated with smelting the metals into pure form which will eat into the premium. The idea is that maybe someday it will be legal to melt the coins and the premium for such metals is greater than all the costs, plus face. Aside from that there are other uses that they could be used for should the metal value fall flat... like filling out folders or building sets (mini or full). If you want to really get creative you can use them to make art. Although some may say there is opportunity cost in keeping them sitting around, at least I know I can always turn them in to the bank for face value.[/QUOTE]
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