Risk Free "Investment"

[Master Shake]

Anybody buying boxes of nickels to have for cash on hand? Current melt value is $0.0679 each per coinflation. I don't see any downside other than space. The boxes can also be used for weight training.

http://www.coinflation.com/coins/194...kel-Value.html

[flintlock]

Re: Risk Free "Investment"

What about the energy cost to melt them down?

[globaleconomicollaps]

Re: Risk Free "Investment"

my understanding is the beauty of buying coins as opposed to ingots is that you don't have to melt them down. Coin shops know how much metal is in each minting of each coin.

[charliebrown]

Re: Risk Free "Investment"

pre 1982 pennies are a better value. They are worth 2.8c each

And the beauty of coins is
High inflation -> melt value increases
High deflation -> monetary purchasing power increases

[Master Shake]

Re: Risk Free "Investment"

What about the energy cost to melt them down?

Well, technically it's illegal to melt them in the US: same as with 90% silver coins.

[Master Shake]

Re: Risk Free "Investment"

pre 1982 pennies are a better value. They are worth 2.8c each

And the beauty of coins is
High inflation -> melt value increases
High deflation -> monetary purchasing power increases

True, but you have to sort them. Perhaps a viable option if you have a lot of time or young children. ;-)

[Jay]

Re: Risk Free "Investment"

True, but you have to sort them. Perhaps a viable option if you have a lot of time or young children. ;-)

Don't have one myself, but there you go.

[lektrode]

Re: Risk Free "Investment"

video=coinsorter

Don't have one myself, but there you go.

and tho i can appreciate that people in the 1960's never suspected that 4 quarters would be worth appx 25 DOLLARS in terms of meltweight/junk coins today (last fryday)
at the rate the bernank is going?
y'all fergot one additional piece of equipment we're likely gonna need:

[Kadriana]

Re: Risk Free "Investment"

True, but you have to sort them. Perhaps a viable option if you have a lot of time or young children. ;-)

I have both and occasionally do this. I had one roll that had 49 out of 50 coins were copper. The 50th coin was a 1982. I also found quite a few dimes in the penny rolls.

[Master Shake]

Re: Risk Free "Investment"

I have both and occasionally do this. I had one roll that had 49 out of 50 coins were copper. The 50th coin was a 1982. I also found quite a few dimes in the penny rolls.

Then you had 50/50. 1982 was the last year.

[Kadriana]

Re: Risk Free "Investment"

Then you had 50/50. 1982 was the last year.

They switched over in 1982 so it might have been copper or might have been the new mix. Someone turned in a bunch of 1962 and earlier pennies already rolled and labeled at the local bank. The bank is selling them to me for face value. Now that the weather is getting nicer, I won't have time to sort as much since I will hopefully be in the garden a lot.