Question About Hoarding Coins For Copper Content. - Page 2

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mkfarm Pillar of the Community United States 667 Posts	Posted 08/17/2011 10:30 am I have no problem with people saving pennies. They are yours do what you want with them. If it were me I would roll the non wheat's and cash them in for silver. If you want you can buy silver junk coins thus helping to save a coin that will probably become much rarer as you age. Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 08/17/2011 11:09 am Yes silver is a good choice as well but any cash kept for emergencies is best kept in coin. All have intrinsic value and some actual cash should always be on hand. Just read what happens when ATMs don't work during a storm or hurricane. Report this Post to the Staff
mkfarm Pillar of the Community United States 667 Posts	Posted 08/17/2011 11:33 am In that case you would want greenbacks and not your silver coins. Where I live people still go to the store prior to a large snow storm. The four items that sell out are toilet paper, bread, milk and eggs. Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 08/17/2011 11:41 am I don't get why nickels would be bought and sold for melt like with silver coins. Think about it like this. For the same amount of wealth that is in a silver dime, right now you need 48 nickels. 48 Nickels weighs as much as 96 dimes, so you need to have almost 100x the weight in nickels as you would in silver coins. Put it this way, it would take 6.5 lbs of nickels for $1 face value of silver. The nickel weight equivalent to that $1000 face bag of silver will weigh more then 3 tons. Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 08/17/2011 11:58 am Not saying no silve but back in the early 1960s people used silver coins like we use nickels. Yes we SAVED many but would have kept a whole lot more had we known where silver woul be today. Yes you can buy silver coins at maany times face and I have but nickels and copper pennies can be kept at face value now! We all I hope keep some cash round and why not some with a vlue attached. No arguemnt if someone doesn't think the same more nickels and coins for those that do Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 08/17/2011 12:01 pm I guess I jut remember being a very small child keeping the silver and sheat pennies and see that something sinilar is going on today so why not keep some! Never b worth less than a nickel or what ever you keep! Always the chance of some silver as well in those rolls as I have found out Report this Post to the Staff
cfibaker New Member United States 46 Posts	Posted 08/17/2011 1:39 pm Not sure. Looks like a mediocre way, heavy, hard to store... I tried an got just a meager $20.00 in Pennies yesterday. Sorted all today and got a good chunk of pre 1982 coming out to $5.08 FV... Also $0.29 Candian Cents and $0.76 dated 1982 Wheats found: (Total 12) 1914 (1) 1942D (1) 1944D (1) 1945 (1) 1951 (1) 1953D (1) 1956 D (1) 1956 (4) 1957 (1) Not a clue about the Wheats. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/17/2011 6:27 pm Quote: I don't get why nickels would be bought and sold for melt like with silver coins Been doing it since I was a young teen. Are you counting the value of the nickel content? Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 08/17/2011 6:32 pm I guess many aren't aware that when silver was removed basically it was because the value of the coin ( dime quarter and half) was beginning to bee more than face. Just like nickels and the pre 1982 pennies are now. So ibn theory nickels and pennie are worth keeping just in case! No loss. They will always be good for face. If our dollar keeps becoming worth less and less those nickels and pennes more than likely will not. Report this Post to the Staff
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