Get them while they last prepper, House of Rep. Stivers just put forth bills this week in washington Dec. 2011 to immediately change Nickels and Pennies (cents for your purists) to steel. They will coat the cents with copper. Stivers is from a steel producing state & it will help add jobs if this goes through. The last coin of real value, the nickel, is about to be made worthless. Real copper pennies (95%) last made before oct. 1982 are fast disappearing as people search them out.
By the way, I save both pre-1982 pennies and nickels, so I think it's a great idea. I just think people need to keep in mind that the "purchasing-power" will stay relatively the same even if the dollar amount goes up drastically due to the Dollar's weaker relative value over time. Good vid!
This was a great video, but I would add one thing. Keep in mind that metals tend to maintain their value overtime. So saying something is worth $100+ that was only worth $5 forty years ago is more about how much "purchasing power" has been lost in the dollar than anything about the value of the coins in question. In other words, whatever a roll of nickels will buy today, is probably close to what they will buy in fifty years, but the $ amount may be drastically higher. Make sense?
@Supra709 Yes, when things are re-valued, you could experience an uptick in genuine purchasing power, but this assumes that we go back to a gold standard or a metals standard, and while I think this is possible, it's hard to believe that it's likely. I don't see us moving in the direction of being more responsible. I think they will reboot the system and end up in exactly the same place, except that a world-wide military conflagration will interrupt the 2nd future collapse.
Get them while they last prepper, House of Rep. Stivers just put forth bills this week in washington Dec. 2011 to immediately change Nickels and Pennies (cents for your purists) to steel. They will coat the cents with copper. Stivers is from a steel producing state & it will help add jobs if this goes through. The last coin of real value, the nickel, is about to be made worthless. Real copper pennies (95%) last made before oct. 1982 are fast disappearing as people search them out.
dishesdealer417 2 months ago
Very good video
AmericaTomorrow 4 months ago
By the way, I save both pre-1982 pennies and nickels, so I think it's a great idea. I just think people need to keep in mind that the "purchasing-power" will stay relatively the same even if the dollar amount goes up drastically due to the Dollar's weaker relative value over time. Good vid!
veritasfiles 5 months ago
This was a great video, but I would add one thing. Keep in mind that metals tend to maintain their value overtime. So saying something is worth $100+ that was only worth $5 forty years ago is more about how much "purchasing power" has been lost in the dollar than anything about the value of the coins in question. In other words, whatever a roll of nickels will buy today, is probably close to what they will buy in fifty years, but the $ amount may be drastically higher. Make sense?
veritasfiles 5 months ago
@veritasfiles
I agree but disagree. More people + less finite metal to go around = overall higher value in the long term.
Supra709 3 months ago
@Supra709 Yes, when things are re-valued, you could experience an uptick in genuine purchasing power, but this assumes that we go back to a gold standard or a metals standard, and while I think this is possible, it's hard to believe that it's likely. I don't see us moving in the direction of being more responsible. I think they will reboot the system and end up in exactly the same place, except that a world-wide military conflagration will interrupt the 2nd future collapse.
veritasfiles 3 months ago
@Supra709 Then you'll love silver, because it's predicted to be greatly depleted within the decade.
FortitudeOfHeaven 3 months ago
I also been saving my nickels for 4 years now and i recently went to the bank and got $100 worth of nickels. You can't go wrong, you can't lose
TheSilverAgeHasCome 10 months ago
Buy war nickels!!!!
davidlee110 10 months ago