@TheTrueJBV3737 You can't have an explosion in use of Silver AND it turn into a currency because the world economy falls apart. It's one or the other. If you think there will be $800/oz silver and $1,600/oz Gold at the same time, you're a big ol' tard.
@TeenSilver1 at the moment, I believe a pure pre-1982 copper penny is worth $3.20. 1 troy ounce copper dollar I think is $5.00. keep in mind these are not exact values but a general average
Question is, is it better to invest your fiat coins somewhere else, rather than in a metal that may decrease in value and in a coin that may cease to be legal tender one day. eg will 100 pounds worth of 10p coins (1000) earn more in an interest earning savings account over, say, 10 years, than sitting in a box doing nothing? Worth seriously considering I think.
I am starting to collect copper pennies and nickels! only got 20 coins.
i'm 15 now and i trying to find a job now when i get a 1st job, i going bring home $50 in rolls of Pennies and $20 in rolls of Nickels weekly and how much Zinc i got, i take it back to to the bank. i don't care if bank tellers get pissed off, it's their job and the job must be done. How much Zinc i have, i turn them in the bank and give me Nickels or Flat Money and if Flat Money i can use it again next time.
@davidlee110 Are you saying Fiat or FLAT money? I think you mean Fiat. It means money that isnt backed by metal but instead controlled by the government. If they want to inflate the money supply (a form of theft IMO) then they can do that in a fiat system.
Comment are 'tldr' nor did I watch the whole video so forgive me if this has been said already. It is against the law too melt these coins down in this country. I'm sure not many scrap merchants give a fuck but if you wanna be a good boy you'll have to take them to France or somewhere (via ferry of course) to scrap them.
Yall need to wake up people nickel is good as well as copper currently a nickel is worth .06 cent and the face value is .05 cent. So i think im going to get as many as i can.Copper pennies pre 1982 are worth .02 cent and there face value is .01. So i think they are also a good choice. And of course silver and gold are great but if you can affored gold and silver copper is a good way to start and nickel.
@zane757 Im with you! I have collected approx 1,200 $ in us nickels from a casino that still uses nickel slots.(50-100$ at a time) why? because a $100.00 of US nickels is worth $135.00 of meal. so I can save my money in worthless paper or valued metal coins.
I just learned a new term.. The Magic number that's in your bank account..... That is pretty scary knowing that your money is a magic number and not a physical number...
Copper/Nickel/TIn/Zinc, as base metals, definitely have intrinsic worth since they are resources/commodities. But to say they "are" money is a bit of a stretch. The only reason I would deny them this status is that they don't have a high value density. A few ounces of gold (~$5000) will get you a decent used car. A few ounces of silver (~$100) can get you several days of groceries for a family of four. But a few ounces of copper (~$1) or nickel (~$3) might get you one meal's soda.
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
here in the US, our 5 cent nickels have 5.4 cents worth on copper in them and our 1 cent pennies (Pre 1982) are 95% copper. I save all of them that I can find. They are still in my everyday change!
I have @ 40 lbs. of old British copper - pre-decimal and pre-92. However, it is not "money" - copper is a commodity that works as a money substitute in small amounts. You wouldn't use 7 lbs. of copper instead of a silver ounce, for instance. Even under the gold standard, coppers were only legal tender in small amount.
And with the CuNi, its an awkward 75/25 mix - hard to refine, so I would favor the 97% copper. If you want nickel, French Francs and Netherlands Guilders are .999 Nickel.
Similar situation in US & Canada; US pre-82 pennies are 95% copper and Canadian pre-97 pennies are 97% copper. A small percentage of people in both countries are saving them out of their change until they are gone.
You could also store up British pre-decimal copper if you can find it for sale at a reasonable price. The old penny, half penny, and farthing are all 97% copper.
current price for Cu = 0.38p/gram; Ni is 1.15p/gram
This puts the current metal value of a 5p coin @ 1.86p and 10p coin @ 3.72p... they're currently much more valuable as currency - you'll be better off spending them. Metal prices would need to go up another 169% before it's worth saving them.
Pre '92 "coppers" are certainly worth keeping though having metal values of 1.31p and 2.62p.
nickel is currently low so u need to look at that all so its easy to get at the moment :) when nickel was £34 a kilo last last year it was alot closer :) to its value if the dollar falls where u gonna get nickel and copper from to trade with any paper money will be worthless there better as trading tokens anyday :) u have t look at the longer picture
To be honest mate, I completely agree with you - I have been sorting/hoarding coins for years. There defo will be a point where 5ps are worth more than their face value, but it doesn't make economic sense to hoard them until then.
The trader's way to do things would be to spend your 5p coins now on Cu+Ni in a 3:1 ratio, wait for the point where the metal value = 5p then sell taking payment in 5ps. This way you will keep the same exposure to the upside in metals, but lock in a 169% profit :)
i wish i could buy cu and ni but bullion prices are often 4-5 x the spot price i could trade but with £20 the commission would be too much
yep i see what u mean i would rather keep them as tokens just in case the worst happens and the paper money is worthless lets hope that doesnt happen but who knows with all this money they have printed out of thin air :)
If there's a deliberate currency devaluation of the USD and the Pound it's unpredictable on how much they could actually fall further than what was deliberately negotiated. Google 'New Bretton Woods',and 'Global New Deal' and see what you think,besides,these coins are something you would need to start saving well in advance before the currency really starts falling, and once their taken out of circulation the numismatic value will rocket upwards, but if deflation happens instead your cashed up
@jadcott wouldnt it be nice if for 1 yr the gov would make 90 percent copper or silver coins. im a yank as you guys like to say so it would be the us gov. wow white copper kool. how can some1 in a dif country get other countrys money like exchange it
The report in The Telegraph said the dow had broken through the 10'000 mark ( we are saved/ Yeah right ). Till you read it, and it's due to expanding trade in commodities.
Nice info. I have a bucket where I keep 1ps and 2ps. I would normally trade them in for a fiver or so when I have a few but I think I will sort through them from now on. What year would you look for?
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carminecar 3 months ago
What year did they stop making 2p out of copper?
636kirby 6 months ago
nickel is so conmon, no its not worth much at all. Copper is fairly okay as it has little electrical resistance but still quite a bit through heat.
Silver is by far the best as it will be needed in the coming ages of technology as it has almost 0 resistance to electricity.
Silver also has anti-bacterial properties aswell.
Gold will also be needed as it has 100% resistance to electricity.
I could see the Ratios this way 1g-2s-10c-1000n
1 gold = 2 silver, 1 silver=10 coper 10 coper-1000 nickel
TheTrueJBV3737 7 months ago
@TheTrueJBV3737 Nah. Gold-Silver ratio will never be more than 1-15 (it's like 1-50 right now)
TumisHumis 4 months ago
@TumisHumis and what supports your opinion? I have a lot that supports mine as i work on the edge of the technology.
TheTrueJBV3737 4 months ago
@TheTrueJBV3737 You can't have an explosion in use of Silver AND it turn into a currency because the world economy falls apart. It's one or the other. If you think there will be $800/oz silver and $1,600/oz Gold at the same time, you're a big ol' tard.
TumisHumis 4 months ago
i wish i had a pool of coins like this just to swim in and make coin angels
semaj175 8 months ago
How much is a pre 1992 copper penny and two pence worth now?
TeenSilver1 8 months ago
@TeenSilver1 at the moment, I believe a pure pre-1982 copper penny is worth $3.20. 1 troy ounce copper dollar I think is $5.00. keep in mind these are not exact values but a general average
Tneisnart 6 months ago
RIGHT!.
eye2eyeize 9 months ago
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dude,that's so fucking boring !
VorVZakonie 9 months ago
Question is, is it better to invest your fiat coins somewhere else, rather than in a metal that may decrease in value and in a coin that may cease to be legal tender one day. eg will 100 pounds worth of 10p coins (1000) earn more in an interest earning savings account over, say, 10 years, than sitting in a box doing nothing? Worth seriously considering I think.
waldentree 10 months ago
mmm, the fondling of money :)
pinkfloydeffect 10 months ago
what about canadian coins?
Modacolorist 1 year ago
This year i believe the 5p, 10p & 50p's will be also made from steel covered a layer of nickel. In other words they will now be magnetic.
Not sure about 20p's
as ive only heard this but not seen official news. If you do see it reply / message me .
Thx
PreciousMetalinvest 1 year ago
Quick... get to the point.... I'm falling asleep
gettingahandle 1 year ago
Pre-82 Canadian nickels are your best bet for hoarding nickel, because they're worth almost $0.12 US cents now.
vracer88 1 year ago
I am starting to collect copper pennies and nickels! only got 20 coins.
i'm 15 now and i trying to find a job now when i get a 1st job, i going bring home $50 in rolls of Pennies and $20 in rolls of Nickels weekly and how much Zinc i got, i take it back to to the bank. i don't care if bank tellers get pissed off, it's their job and the job must be done. How much Zinc i have, i turn them in the bank and give me Nickels or Flat Money and if Flat Money i can use it again next time.
THAT'S MY PLAN!
davidlee110 1 year ago
@davidlee110 Are you saying Fiat or FLAT money? I think you mean Fiat. It means money that isnt backed by metal but instead controlled by the government. If they want to inflate the money supply (a form of theft IMO) then they can do that in a fiat system.
foxespiritu 1 year ago
Copper is way more then Nickel.
davidlee110 1 year ago
So how is your copper/nickel hoard coming these days???
veritasfiles 1 year ago
Comment are 'tldr' nor did I watch the whole video so forgive me if this has been said already. It is against the law too melt these coins down in this country. I'm sure not many scrap merchants give a fuck but if you wanna be a good boy you'll have to take them to France or somewhere (via ferry of course) to scrap them.
WythenshawePhil 1 year ago
Yall need to wake up people nickel is good as well as copper currently a nickel is worth .06 cent and the face value is .05 cent. So i think im going to get as many as i can.Copper pennies pre 1982 are worth .02 cent and there face value is .01. So i think they are also a good choice. And of course silver and gold are great but if you can affored gold and silver copper is a good way to start and nickel.
zane757 1 year ago
@zane757 Im with you! I have collected approx 1,200 $ in us nickels from a casino that still uses nickel slots.(50-100$ at a time) why? because a $100.00 of US nickels is worth $135.00 of meal. so I can save my money in worthless paper or valued metal coins.
johnywinslow 1 year ago
I just learned a new term.. The Magic number that's in your bank account..... That is pretty scary knowing that your money is a magic number and not a physical number...
manny298 1 year ago
What was the really thick coin you showed at 1:50 and write down the names of every coin you sed please.
Tacocat21 1 year ago
Copper/Nickel/TIn/Zinc, as base metals, definitely have intrinsic worth since they are resources/commodities. But to say they "are" money is a bit of a stretch. The only reason I would deny them this status is that they don't have a high value density. A few ounces of gold (~$5000) will get you a decent used car. A few ounces of silver (~$100) can get you several days of groceries for a family of four. But a few ounces of copper (~$1) or nickel (~$3) might get you one meal's soda.
ATL45 1 year ago
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
ScorpioBornIn69 1 year ago
i'm sure the rothschilds get a big kick out of watching the slaves try and store value.
TadRapidly 1 year ago
here in the US, our 5 cent nickels have 5.4 cents worth on copper in them and our 1 cent pennies (Pre 1982) are 95% copper. I save all of them that I can find. They are still in my everyday change!
The88camaro 1 year ago
US copper pennies 1982 and older...
1983 and on are zinc.. not worth saving
but nickles.. save a many as you can
cds162 1 year ago
I have @ 40 lbs. of old British copper - pre-decimal and pre-92. However, it is not "money" - copper is a commodity that works as a money substitute in small amounts. You wouldn't use 7 lbs. of copper instead of a silver ounce, for instance. Even under the gold standard, coppers were only legal tender in small amount.
And with the CuNi, its an awkward 75/25 mix - hard to refine, so I would favor the 97% copper. If you want nickel, French Francs and Netherlands Guilders are .999 Nickel.
TheBullionBull 1 year ago
"It's a hundred somethings" that statement sums it up.
Nice vid.
hivedrone83 1 year ago
Similar situation in US & Canada; US pre-82 pennies are 95% copper and Canadian pre-97 pennies are 97% copper. A small percentage of people in both countries are saving them out of their change until they are gone.
You could also store up British pre-decimal copper if you can find it for sale at a reasonable price. The old penny, half penny, and farthing are all 97% copper.
strongbadXCP 1 year ago
You sound like the doctor from Battlestar Galactica :D
peppoj 2 years ago
current price for Cu = 0.38p/gram; Ni is 1.15p/gram
This puts the current metal value of a 5p coin @ 1.86p and 10p coin @ 3.72p... they're currently much more valuable as currency - you'll be better off spending them. Metal prices would need to go up another 169% before it's worth saving them.
Pre '92 "coppers" are certainly worth keeping though having metal values of 1.31p and 2.62p.
jadcott 2 years ago 5
nickel is currently low so u need to look at that all so its easy to get at the moment :) when nickel was £34 a kilo last last year it was alot closer :) to its value if the dollar falls where u gonna get nickel and copper from to trade with any paper money will be worthless there better as trading tokens anyday :) u have t look at the longer picture
i could buy silver with them maybe :)
RainstormGB 2 years ago
To be honest mate, I completely agree with you - I have been sorting/hoarding coins for years. There defo will be a point where 5ps are worth more than their face value, but it doesn't make economic sense to hoard them until then.
The trader's way to do things would be to spend your 5p coins now on Cu+Ni in a 3:1 ratio, wait for the point where the metal value = 5p then sell taking payment in 5ps. This way you will keep the same exposure to the upside in metals, but lock in a 169% profit :)
jadcott 2 years ago
i wish i could buy cu and ni but bullion prices are often 4-5 x the spot price i could trade but with £20 the commission would be too much
yep i see what u mean i would rather keep them as tokens just in case the worst happens and the paper money is worthless lets hope that doesnt happen but who knows with all this money they have printed out of thin air :)
only time will tell
RainstormGB 2 years ago
If there's a deliberate currency devaluation of the USD and the Pound it's unpredictable on how much they could actually fall further than what was deliberately negotiated. Google 'New Bretton Woods',and 'Global New Deal' and see what you think,besides,these coins are something you would need to start saving well in advance before the currency really starts falling, and once their taken out of circulation the numismatic value will rocket upwards, but if deflation happens instead your cashed up
mlndstream 2 years ago
@jadcott wouldnt it be nice if for 1 yr the gov would make 90 percent copper or silver coins. im a yank as you guys like to say so it would be the us gov. wow white copper kool. how can some1 in a dif country get other countrys money like exchange it
semaj175 8 months ago
Exellent video. I think copper will boom soon. They are even starting to sell A Grade copper Rounds. Check out Tin easy to smelt and a great price.
goodagofilms 2 years ago
yep me too save all them old copper pennys
i see they sell 1g bullion of copper on ebay
i havent got any tin ill have a look into that thanks :)
RainstormGB 2 years ago
The report in The Telegraph said the dow had broken through the 10'000 mark ( we are saved/ Yeah right ). Till you read it, and it's due to expanding trade in commodities.
goodagofilms 2 years ago
Nice info. I have a bucket where I keep 1ps and 2ps. I would normally trade them in for a fiver or so when I have a few but I think I will sort through them from now on. What year would you look for?
minesapint123 2 years ago
its pre 1992
so 1991 and before and some 1998 2p were all copper
use a magnet in your penny jar and pull out the steel pennys and trade them for some cash and keep the copper ones :)
RainstormGB 2 years ago