Mass Inflation Ahead -- Save Your Nickels!

[Cachefinder]

Attention All!

Unlike US dimes and quarters, which stopped being made of 90% silver after 1964, the composition of a nickel has essentially been unchanged since the end of World War II. It is still a 5 gram coin that is an alloy of 75% copper and 25% nickel. (An aside: Some 1942 to 1945 five cent coins were made with 35% silver, because nickel was badly-needed for wartime industrial use.

According to www.Coinflation.com, the 1946-2008 Nickel (with a 5 cent face value) presently a has base metal value of $0.0677413. That is 135.48% of its face value. Hence, even at today's commodities prices, you will start out with a 35% gain by amassing a stockpile of nickels.)

Unless they decide to drop the issuance of nickels entirely, the US Mint will within the next three years be forced to introduce a "new" nickel with a debased composition. It will possibly be zinc (flashed with silver) or possibly even aluminum.

read the whole story http://www.survivalblog.com/nickels.html


Cachefinder-

 

Amazon Forum Fav 👍

Diving for Pleasure and Treasure - Grab it through Amazon!

[deepskyal]

You missed the boat....A couple months ago the price for raw nickel was sky high. A 20 yard box of swarf, oil soaked nickel used in the stainless steel making process, was worth around $25,000.00. Now it's barely $2500.00, hardly worth us processing. The mill that it gets returned to even considered landfilling it as a cheaper alternative to us processing it for them. We de-oil it and they just toss it in the furnace to melt for steel. For all accounts, it's worthless now.
They do, however, reuse the oil for new swarf.

Al

 

[rjw4law]

What is really sad is digging zinc pennies....reminds me of the change I would pick up from East Germany when I traveled there in the 80s....cheap aluminum play money to represent your Governments currency....see where it got them..hope we don't travel this path.

 

[BIG61AL]

It's only a matter of time before it all gets switched to aluminum [recycled from soda cans].
The plus side - it will not come out the ground corroded, it will be super easy to find them with detectors, they will be easily recycled if the are bend or damaged.
the negative - no one will want to pay top dollar for "proof" aluminum coinage, they will appear super cheap and valueless, they will be easily bend or damaged and will be a pain to use in vending machine due to their lightness in weight. They no doubt will look like crap, just like those stupid zincolns.

 

[Seamuss]

I'm saving my gold nuggets. Nickels are dirt cheap when you cash then in. Nuggets rock, and cache finds rock.

A nickel does not buy anything any more save your gold and silver. Give your nickels to your seven year old grandchildren.

A nickel candy bar isn't anymore. Pull out your silver rounds and cash it in for a burger and fries. A nickel just doesn't cut it anymore.

 

[Pimp Lenin]

Wait, now I am confused. Should I be hoarding nickels, or copper pennies, or silver, or gold?

None of the above! Start hoarding whiskey! Jack Daniels will be legal tender before you know it.

 

[Seamuss]

Wait, now I am confused. Should I be hoarding nickels, or copper pennies, or silver, or gold?

None of the above! Start hoarding whiskey! Jack Daniels will be legal tender before you know it.

Hoard Jack Daniels. Become a bartender and mine the miners.