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Post by spuds on Jan 14, 2011 12:03:56 GMT -6
Cant find where to put this,but its an instant money maker,similar to silver US Dimes pre 1965,worth 2.20 EACH now,same story happening with Nickels.And the mint is getting ready to replace them with worthless metals. -------------------------------------- complete article... www.silverbearcafe.com/private/01.11/nickels.htmlInvestment Of The Century: U.S. Minted Nickels Lee Rogers For anyone who wants to make an immediate 80% return on your investment, go to your local bank with your worthless Federal Reserve Notes and tell them that you'd like to exchange them for rolls of nickels. On its face this might seem ridiculous and absurd and the bank teller might even look at you like you have three heads, but by exchanging your Federal Reserve Notes for nickels you will have made a risk free investment with an immediate positive return of 80%. I've briefly mentioned this in previous articles, but what we are now seeing with pennies and nickels is similar to what took place in the late 1960's. In the late 1960's the melt value of circulating silver coins began to exceed the face value of the coins themselves. As people began to realize that the coin melt value was worth more than the face value, people began to keep these coins which ended their circulation. I believe that the same thing will happen to pennies and nickels. Currently the melt value of copper pennies is over twice the face value and the melt value of zinc pennies is almost equal to their face value. Each nickel now has a melt value of approximately 9 cents. This means that if you go into a bank and buy $1,000 worth of nickels those nickels are actually worth $1,800. The bottom line is that the coinage that is produced by the U.S. Mint is the only honest money left in circulation. The coins themselves store value because of their metal content where as Federal Reserve Notes store no value. Federal Reserve Notes are a dishonest fraud because nothing can be redeemed for them at the Federal Reserve banks. As the Federal Reserve continues to create additional money, coins like pennies and nickels will emerge as another form of protection against inflation because regardless of how much money is created the coins will always have some intrinsic value. With that said, nickels are the most honest form of money currently available from the Federal Reserve or the U.S. Mint. I firmly believe that sometime in the near future, we will no longer see these nickels circulate freely. People will begin hoarding them for the same reason that silver coins were hoarded in the late 1960's. Nickels not only store value but their melt value provides an immediate return on your investment. How many investment vehicles can provide an immediate 80% return on investment? There aren't very many, and quite frankly the only one that I know that is a sure bet are nickels from the U.S. Mint. Lee Rogers |
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Post by mogarden on Jan 14, 2011 13:24:47 GMT -6
Rumor.
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Post by spuds on Jan 14, 2011 13:47:41 GMT -6
No its not.Currently the value of the metal in a nickel exceeds 5 cents. |
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Post by atillerthethumb on Jan 14, 2011 13:53:13 GMT -6
cool i love coins and notes no good to me though sadly as im in uk
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Post by Deleted on Jan 14, 2011 15:27:50 GMT -6
This makes me wonder?
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Post by mogarden on Jan 14, 2011 21:48:07 GMT -6
Even if it did, (which point I disagree with) the recycling companies are now forbidden to buy melted coins. I hope you have a way of making something out of the melt.
I DO agree that the COST of making a coin can exceed the face value, that includes labor etc besides the metal.
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Post by spuds on Jan 14, 2011 23:03:53 GMT -6
Even if it did, (which point I disagree with) the recycling companies are now forbidden to buy melted coins. I hope you have a way of making something out of the melt. I DO agree that the COST of making a coin can exceed the face value, that includes labor etc besides the metal. When the face value is exceeded by metal content coins get pulled by the public. It happened in 1965 with silver coins,pre 1965 silver coins are worth 21-22 TIMES their face value now. A 1964 and earlier 5 dollar roll of 50 dimes is worth over 100 dollars now!It happened again with copper pennies in 1982,they are now zinc,a pre 82 penny is worth 2 cents now,a 1909-1958 wheat penny is worth 3 cents. It has now happened to nickels.They WILL be pulled from circulation,and they wont be making replacements that cost 9 cents to produce.They too will be made from cheap base metal,just as has happened to ALL other of our coins. Also in Countries that have suffered paper dollar depreciation people snapped up the coins,because they have actual metal value,not the value of paper.One is a hard commodity,the other is paper. This is an opportunity to buy metal with an immediate increase in value of 80% over the actual metals cost. People forewarned in the past were able to collect that metal instead of trying to pick up what remained in circulation from change. History is repeating itself(AKA inflation/currency devaluation and debasement),wish I had a ton of silver dimes now worth 2.20 that could be purchased at 10 cents! You can devalue the dollar with the stroke of a pen,you cant devalue metal because' I say so',its a world recognizable,world set value.See copper pennies and silver dimes,quarters,half's and silver dollars from the above examples. This is a zero risk investment currently showing an 80% upside,where will nickel be 40 years from now? It wont be down in Fiat dollar terms for sure.Again,History from the Roman times has proven that.Unbacked (Fiat) currency ALWAYS fails.ALWAYS,no exceptions. And weve seen the proof from 1965 silver and 1982 copper. BTW,8 dollars of nickels,at the current nickel to metal price ratio of 1:1.8 value,weighs a pound,do the math if you are going to collect.A 40 coin,2 dollar roll of nickels weighs 7.05 ounces |
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Post by spuds on Jan 14, 2011 23:24:55 GMT -6
No wonder,its what happened to silver and copper coins,no mystery. |
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Post by strongtower9 on Jan 17, 2011 0:05:34 GMT -6
I work in fast food and count the money at end of the day. I always buy any silver that happens to come thru. Not much lately. Got a dime tonite. Last year some kid came in with a ROLL of silver quarters spending them on burgers. I coukl not belive it. Bet he didnt have a clue. Bought them all out of the register.  |
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Post by notherdigger on Jan 29, 2011 12:53:32 GMT -6
Money confuses me, that is why I spend everything I get lol. Does this nickle thing apply to all current ones or just pre certain dates. How would one cash this in or is this a buffer against financial dishevel. I'm really slow so you must speak slowly lol. Just curious. I just cashed in $50 worth of pennies not too long ago. lol
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Post by spuds on Feb 6, 2011 13:11:12 GMT -6
Money confuses me, that is why I spend everything I get lol. Does this nickle thing apply to all current ones or just pre certain dates. How would one cash this in or is this a buffer against financial dishevel. I'm really slow so you must speak slowly lol. Just curious. I just cashed in $50 worth of pennies not too long ago. lol Its like the silver dimes that are worth what,25 times their face value right now? Supposedly a regular nickel any date has 7 cents of metal in it right now. They dont mint coins costing more than their face value,they replace them with something cheaper. So they would trade like the silver coins,at above their face value. Just read a story of some rich guy,went to his bank and said he wanted 1 million in nickels.They said NOPE,we'll get back to ya.... the federal reserve calls..They said why do you want all those coins? Said "I just like nickels !" LOL! And the story is,he got them.  www.tvsquad.com/2011/02/02/how-much-is-a-nickel-worth-more-than-five-cents-video/If nothing else,save all you get. Here is a story,go down to Yugoslavia.If they had had coins stashed the gov wouldnt have robbed em blind.And look at the value PENNIES had in an economic collapse.And yes,it could happen here.We are NOT immune.Just filled with Hubris. www.sjsu.edu/faculty/watkins/hyper.htm |
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Post by spuds on Feb 9, 2011 10:42:54 GMT -6
From survivalblog.....
\The Nitty Gritty on Nickels
Permalink
As I've mentioned before in SurvivalBlog, U.S. Five cent pieces ("Nickels") should be considered a long-term hedge on inflation. I recently had a gent e-mail me, asking how he could eventually “cash in” on his cache of Nickels. He asked: "Are we to melt them down, or sell them to a collector? How does one obtain their true 7.4 cents [base metal content] value?" My response: Don't expect to cash in for several years. I anticipate that there won't be a large scale speculative market in Nickels until their base metal value ("melt value") exceeds twice their face value ("2X Face"), or perhaps 3X face.
Once the price of Nickels hits 4X face value, speculators will probably be willing to pay for shipping. By the way, I also predict that it will be then that the ubiquitous Priority Mail Flat Rate Box will come into play, with dealers mailing Nickels in $300 face value increments. The U.S. Postal Service may someday regret their decision to transition to "Flat Rate" boxes for Priority Mail with a 70 pound limit.
Once the price of Nickels hits 5X face there will surely be published "bid/ask" quotations for $100, $300, and $500 face value quantities, just as has been the norm for pre-1965 U.S. 90% silver coinage since the early 1970s. (Those coins are typically sold in a $1,000 face value Bag (weighing about $55 pounds), or a "Half bag" (containing $500 face value.) Soon after the current Nickels are dropped from circulation, we will see $300 face value boxes of Nickels put up for competitive bidding, on eBay.
An Aside: Nickel Logistics
Nickels are heavy! Storing and transporting them can be a challenge.
I've done some tests:
$300 face value (150 rolls @$2 face value per roll) fit easily fit in a standard U.S. Postal Service Medium Flat Rate Box, and that weighs about 68 pounds.) They can be mailed from coast to coast for less than $25. Doing so will take a bit of reinforcement. Given enough wraps of strapping tape, a corrugated box will securely transport $300 worth of Nickels.
The standard USGI .30 caliber ammo can works perfectly for storing rolls of Nickels at home. Each can will hold $180 face value (90 rolls of $2 each) of Nickels. The larger .50 caliber cans also work, but when full of coins they are too heavy to carry easily.
Legalities
Since late 2006 it has been illegal in the U.S. to melt or to export Pennies or Nickels. But it is reasonable to assume that this restriction will be dropped after these coins have been purged from circulation. They will soon be replaced with either silver-flashed zinc slugs, or tokens stamped out of stainless steel. (The planned composition has not yet been announced.)
By 2015, when the new pseudo-Nickels are in full circulation, we will look back fondly on the days when we could walk up to our local bank teller and ask for "$20 in Nickels in Rolls", and have genuine Nickels cheerfully handed to us, at their face value.
Death, Taxes, and Inflation
It has been said that "the only two things that are certain in life are death and taxes." I'd like to nominate "inflation" as an addition to that phrase. For the past 100 years, we've been gradually robbed of our purchasing power through the hidden form of taxation called inflation. Currency inflation explains why gold coins and silver coins had to be dropped by the U.S. Mint in the 1930s and 1960s, respectively. Ditto for 100% copper Pennies, back in 1981. (The ones that have been produced since then are copper-flashed zinc slugs, but even the base metal value of those is now slightly greater than their face value.)
Inflation marches on and on. Inflation will inevitably be the impetus for a change in the composition of the lowly Nickel. Each Nickel presently has about 7.3 cents in base metal ("melt") value, and they cost the Mint more than 9 cents each to make. You don't need a doctorate in Economics to conclude that the U.S. Mint cannot continue minting Nickels that are 75% copper and 25% nickel--at least not much longer.
Without Later Regrets
Don't miss out on the opportunity to hedge on inflation with Nickels. Just like the folks who failed to acquire silver dimes and quarters in the early 1960s, you will kick yourself if you fail to stock up on Nickels. Do so before they are debased and the older issue is quickly snatched out of circulation. The handwriting is on the wall, folks. Stop dawdling, and go to the bank and trade some of your paper FRNs for something tangible.
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Post by Pharmer Phil on Feb 9, 2011 14:22:44 GMT -6
sure wish I had the old money I used to have...when yer young ya do crazy things (still do sometimes)  and it's gone... along with the MINT baseball cards...had a bunch..from, oh, about the time I was 6 till 12 or so...they ended up in the spokes of me bicycle ....VRRRRRRRRRRRRRRRRRRRRRRRRR |
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Post by mogarden on Feb 9, 2011 16:47:54 GMT -6
"VRRRRRRRRRRRRRRRRRRRRRRRRR" Yeah, but that was a cool sound, back then  |
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Post by notherdigger on Feb 13, 2011 20:39:51 GMT -6
Well Spuds, I gotta say I'm impressed with your presentation of the facts. Concise and straight to the point, none of that banker/carsales pablum lol. And I see your point. Sounds like you have really done your homework. Thanks for the through reply. I need to start practicing what you been preaching lol.
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