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 Replies: 12 / Views: 2,885 |
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Pillar of the Community
United States
543 Posts |
Right now Copper-Clad coins such as Quarters, Dimes and Half-Dollars have no intrinsic value. With the U.S. Mint now open to using alternative metals for coins, when do you think the copper-clad coins will be worth more than face value? 10 years? 20 years?
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Pillar of the Community
United States
1431 Posts |
They'll probably be worth face value for at least the next 100 years
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Pillar of the Community
United States
4541 Posts |
It would probably be a long time before they are worth more than face. Honestly the economy would be terrible if they were to be worth more than face
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Valued Member
United States
262 Posts |
I agree....I think the day we see clad coins as intrinsic is the same day the stock market tanks.
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Valued Member
United States
309 Posts |
Pennies and nickels already are.
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Valued Member
United States
287 Posts |
probably sooner than you think....I doubt the dollar will be around anywhere near 100 more years. Once inflation grabs us big time, the metal won't go up in value, just the dollar will go down so much that they will be over face value. My guess? unless we stop the bleeding of the economy by .gov, and reform the moocher-class in this country, then we'll be looking at big issues in under 10 years and clad coins may just be stuffing mattresses.
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Pillar of the Community
United States
4541 Posts |
The metals will almost have to be 5times more than they are for them to break even with face value
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Bedrock of the Community
United States
19935 Posts |
Supply for collectors is more than enough, it's all supply and demand. I agree that valuations for collectors will be the same in 100 years. LOL
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Valued Member
United States
54 Posts |
Clad coins have no numismatic value now or in the future in my opinion. I continue to fill the holes in my dansco albums just to keep them complete, but as someone before me stated, if it doesn't already, they will soon cost more to produce than their face value. Especially the penny,nickel,and dimes. I have gone to the silver proof sets myself, as they still continue to appreciate in value. A real same.
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Pillar of the Community
United States
4541 Posts |
The penny and nickel already cost more to produce. The melt value on a dime is 2cent. That means we would see 20 dollar a pound copper before the dime would be worth melt value
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Bedrock of the Community
United States
20753 Posts |
I would suspect that in about 1,000 years all of them will be selling for at least double face value. I don't think it's the material that makes them all so poor in value it's mostly just the boring designs. It may be nice to commemorate past presedents but those should be commmemorative coins, not everyday ones. No one ever complains about the looks of the Mercury dime, Morgan coins, Standing or Walking Liberty coins or a Buffalo and/or Indian Head. But so many say our coinage is really boring. |
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Pillar of the Community
 United States
543 Posts |
daviscfad - What if the price of nickel balloons again like it did several years back. Along with that copper heads to $5 as some analysts are predicting by the end of the year. I felt too that even though the metal will take some time to appreciate in today's clad coinage, simply switching metals to, say, zinc-steel for the dime, could increase numismatic demand for copper-clad coinage not because of the intrinsic value but simply because if the metals switch, it might increase demand on some of those coins.
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Bedrock of the Community
United States
17884 Posts |
One pound of clad coinage has a face value of $20 For the intrinsic value of the copper and nickel to exceed that Nickel would have to be around $40 a pound and Copper a little over $17 a pound.
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Replies: 12 / Views: 2,885 |
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Posted 06/22/2011 10:26 pm
