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Would it be worth it to start hoarding U.S. nickels?
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<p>[QUOTE="Blissskr, post: 1401823, member: 34882"]I asked my grandparents and they told me that a few years before silver coinage was removed they never really thought about hoarding any, although they did keep any silver dollars they came across as my grandmother saved them. Besides some fore thinking individuals my grandmother said she didn't start saving silver coinage until they found out it was going to be replaced and that's when most other people started hoarding it too. I remember asking my father when he was still alive about this before as he was a teenager in 64' he told me that another thing was that the coinage bought a lot more back then and was used a lot in daily commerce because things were very cheap compared to today so it was difficult for saving a bunch of change when a bunch of change was a decent amount of money for people.</p><p>As for hoarding nickels it couldn't hurt is my view you'll always get back what you put into it inflation aside. Also if they ever do replace the dollar because we have something like hyperinflation occurring viewing past history of places that have replaced their currency for such a reason they usually left the coinage alone as it's too much a task replacing it all and collecting it all. So if say suddenly we have a new dollar of some sort that one dollar in equates to 100 of our old dollars or something like that people with lots of cash in the bank tend to lose money but those with a good amount in change could make out because $1 in change could still be worth $1 in the new currency.[/QUOTE]</p><p><br /></p>
[QUOTE="Blissskr, post: 1401823, member: 34882"]I asked my grandparents and they told me that a few years before silver coinage was removed they never really thought about hoarding any, although they did keep any silver dollars they came across as my grandmother saved them. Besides some fore thinking individuals my grandmother said she didn't start saving silver coinage until they found out it was going to be replaced and that's when most other people started hoarding it too. I remember asking my father when he was still alive about this before as he was a teenager in 64' he told me that another thing was that the coinage bought a lot more back then and was used a lot in daily commerce because things were very cheap compared to today so it was difficult for saving a bunch of change when a bunch of change was a decent amount of money for people. As for hoarding nickels it couldn't hurt is my view you'll always get back what you put into it inflation aside. Also if they ever do replace the dollar because we have something like hyperinflation occurring viewing past history of places that have replaced their currency for such a reason they usually left the coinage alone as it's too much a task replacing it all and collecting it all. So if say suddenly we have a new dollar of some sort that one dollar in equates to 100 of our old dollars or something like that people with lots of cash in the bank tend to lose money but those with a good amount in change could make out because $1 in change could still be worth $1 in the new currency.[/QUOTE]
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