Why You Need to Own Nickels, Right Now

Economic Policy Journal ^ | 2-6-2011 | Robert Wenzel

[Freedom4US]

Not just minting - factor in transportation costs from various mints to all the branch banks, and then onto stores and businesses. They end up languishing in jars and coffee cans or under the couch.

[ExSoldier]

Bookmark

[blam]

"Is this article saying to buy current-issue nickels.."

Current issue...the nickels you presently have in your pocket.

[blam]

1942 - 1945 Silver Jefferson Nickel Value (United States)

35% silver, 56% copper, 9% manganese
Total Weight: 5.00 grams

Comments: World War II prompted the rationing of many commodities. Nickel was highly valued for use in armor plating, and Congress ordered the removal of this metal from the five-cent piece, effective October 8, 1942. From that date, and lasting through the end of 1945, five-cent pieces bore the regular design but were minted from an alloy of copper, silver and manganese. It was anticipated that these emergency coins would be withdrawn from circulation after the war, so a prominent distinguishing feature was added. Coins from all three mints bore very large mintmarks above the dome of Monticello, and the letter 'P' was used as a mintmark for the first time on a U. S. coin. [ ? ]

[blam]

Get you nickels now:

House Passes Bill For Steel Cent and Nickel(5-9-2008)

The House debated on the legislation and finally voted yesterday to change the metallic composition of the penny and 5-cent nickel to a less expensive copper-colored steel.

BTW, Freeper Travis McGee has been telling us for years to stock up on nickels.

[goodnesswins]

gotcha beat....we’ve got a wheat 1903 copper penny!

[kiryandil]

If that Italian cold fusion thing is the real deal, it's a nickel-hydrogen reactor. Shhhhhhhhh!

[kiryandil]

gotcha beat....we’ve got a wheat 1903 copper penny!

Considering they didn't start making Lincoln wheat-ears till 1909, your penny is probably worth a fortune.... /grin

[blam]

"If that Italian cold fusion thing is the real deal, it's a nickel-hydrogen reactor. Shhhhhhhhh! "

Geez, we'll be rich. Everyone will have a cold-fusion reactor at home, eh? (They'll need my nickels)

[blam]

My local coin shop (Loop Coin) is selling 'everyday' wheat pennies at 100 for $4.25.

[Cacique]

btt

[DrewsMum]

bkmark

[jafojeffsurf]

I wrote an article about this in our local paper a month ago and my bank know me when I walk in. I have been getting 40+ dollars worth at a time for a while now. Funny thing is when I explained this to them the response was basically “Right!”.

He how laughs last laugh’s best...

[jafojeffsurf]

75% Copper and 25% Nichol, check this site out for more info: http://inflation.us/coins/

[Poison Pill]

I don’t believe they’re solid copper anymore.

Got to get '82 and older pennies

[tickmeister]

Lately, I keep all my change. Theory is that at some point, the dollar will be devalued, maybe 10 to 1 ala Zimbabwe. It would be impractical to replace all the coins immediately, so they should appreciate in value in direct proportion to the devaluation.

And if it never happens, they still spend.

[dennisw]

hmmmmm..

[july4thfreedomfoundation]

“gotcha beat...we’ve got a wheat 1903 copper penny!”

Are you sure it’s a “wheat” penny? The first year the “wheaties” were minted was in 1909, for the 100th anniversary of Abraham Lincoln’s birth.

Your 1903 copper penny should be an Indian head penny, no?

[goodnesswins]

Yes, after I posted that, and my response I realized it was an Indian Head....

[july4thfreedomfoundation]

A 1943 copper penny is worth a small fortune.

Pennies were made of steel that year because of the needs of the War effort. A handful of copper blanks were accidentally minted along with the zillions of steel blanks.
Bottom line....the few known copper 1943 cents are mucho valuable.

Of course, some criminal types over the years have taken ordinary 1948 copper cents and scraped off the left side of the number “8”, making a forged 1943 copper cent. Gotta watch out for those.....