What's Your Money Worth? (Economic Meltdown Tips)

Our monetary system is based on nothing more than promisary notes. A ten dollar bill is actually worthless. The federal reserve denotes its value as ten dollars though, and we accept that value--but a ten dollar bill is really nothing more than a piece of paper. If our system were to totally collapse, a ten dollar bill would only be worth a worthless of a piece of paper.

Coins, on the other hand, have value. A modern coin, although more valuable than a paper bill, does not have the same "melt value" as its "face value." Coins are basically metal promisary notes, or tokens. For instance, a modern penny's primary metal is zinc and is only worth about 1/2 cent, although we recognize it as one cent. Pre-1982 pennies were made primarily of copper and are worth a little less than two cents each in melt value.

The following video breaks it down for you, with the current melt values of your coins.

For more Economic Meltdown Tips, got to meltdowntips.tripod.com

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• budget
• frugal
• money
• saving
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• crisis
• grocery
• shopping
• credit
• budgeting
• bargains
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• financial

[meltdowntips]

I guess your right. Of course, if we end up with hyper inflation here like they did in Germany, saving 50 cents on a loaf of $50 bread won't feel like much of a savings.

[davidlee110]

aluminum can is worth more then 2 cents :)

[BatusaiJack]

"...minus the soda" :) lol

[EatingBabiesForLunch]

THIS IS USELESS, TAKE THIS VIDEO DOWN, IT'S MISLEADING.......THE HOLOCAUST WAS A LIE

[pepperbaby101]

We need to get rid of the penny. And possibly have one and two dollar coins instead of bills.

[spencerspot]

Copper pennies are worth almost 3 cents a piece. Are you hoarding yet? Get to it!

[pirucreek]

Current price pennies <1982 0.0286

Nickels 0.066

[Aceking1110]

<3 T h e p o w e r <3 F m a g i c <3 .

[mooserman911]

Also I would think that you would know that with economic expansion comes inflation. the amount of money printed is not the main reason that inflation happens.

[mooserman911]

Our money is fiat money because a bullion based system would by impossible to manage.

[METALMAN4Wii]

So if our money becomes worthless we meld down all our coins for scrap and exchange for the same worthless money. at fair less value then what we had melted down it seems like an oxymoron to me ? how about we stock up on stuff to trade for like caned food and medical supplies and even bullets.....!