Save those Nickels

For those of you who can't afford to spend $40 for an ounce of silver because you're worried about just getting those preps in place, consider just saving your pocket change.

Right now, based solely upon their metal content and melt value, US nickels are worth 6.9 cents, I don't think you'll be able to cash that in any time soon, but the way things are going we may see them start selling on eBay for 3 - 5x their face value.




Nobody in the 1960's would have ever imagined that pre-1965 pocket change would have been worth so much, just because of their silver content, but look at pre-1965 dimes, over $2 a piece. That's a pretty good, no-risk investment, if you're patient.




Why are pre-1965 coins so valuable ... their silver content. Maybe we'll see the value of copper or nickel increase similarly.

If not, where's your risk? save some nickels, it'll be a lot easier to spend them on a meal when times get tough than a silver eagle or 1962 quarter.




The Obama administration passed legislation in December 2010 to change the composition of our coins, soon we'll be using plastic chits to buy goods, no harm in saving some real metal coins for a rainy day.

http://www.survivalblog.com/nickels.html

http://www.coinflation.com

http://www.coinnews.net/2010/12/06/coin-modernization-act-to-become-law/ check out bullet point number 2 ...

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[dishesdealer417]

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.

[FortitudeOfHeaven]

@Supra709 Then you'll love silver, because it's predicted to be greatly depleted within the decade.

[veritasfiles]

@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.

[Supra709]

@veritasfiles

I agree but disagree. More people + less finite metal to go around = overall higher value in the long term.

[AmericaTomorrow]

Very good video

[veritasfiles]

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]

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?

[TheSilverAgeHasCome]

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

[davidlee110]

Buy war nickels!!!!