Nickels Are The New Btc!
Nah, probably not, but apparently after considering the withdrawal of the 1-cent coin the US treasury is also considering changes on the nickel, the 5 cent coin.
Much like the 1 cent coin, the actual cost for making a nickel exceeds its face value.
As of today, each nickel actually costs about 14 cents after all costs considered! That's an easy 3x. 🙃
Of course that number includes labor, production costs etc. The actual melt value is 5.9 cents, which is not a bad deal I guess. But remember, melting US coins for metal is illegal 🤫
For now the treasury isn't thinking to retire the nickel but to simply change its composition to cheaper materials.
I guess it would make sense if you are in the U.S to stack some before they change them. Worst case scenario, they will still be worth 5 cents a piece. But there's a good chance they gain a tiny bit of collector or melt value. Or maybe both.
Sounds like a good gamble with zero risk. I know I would keep some as a small experiment
Or maybe @pocketechange is up to something and the peeps stacking penises pennies are in for a wild ride ! 😄
References
Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:
- The country that uses plastic coins!
- My silver pocket piece
- My favorite piece from the stack
- The 10 Million Dollar Coin
- The Ten Thousand Dollar Bill ?!?!
- Biggest Gold Coin Ever
- A coin made of cardboard
- World's smallest gold coin
- World's First Flying Coin
- Manchukuo's Fiber Coins from 1945
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Here 1 and 2 cents are getting disbanded and lot of supermarkets round to 5
!PIZZA
Same here!
$PIZZA slices delivered:
davideownzall tipped trumpman
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Come get MOONed!
Due to the inflation, the cost of minting a coin has exceed the value of that coin :)
You know I'm onto something...lol... What I came up with is a Game Changer for sure... On the other side of the Reset, a 5 Cent Coin will buy One Pound of Copper... Same goes for 5 of our One Cent Coins made of Copper Coated Zinc... I did like what you wrote, "sounds like a good gamble with zero risk"... Those words also apply to my version of the Reset but 100 times better...
Reset is gonna make us gazillions 😄
No, I haven't spent a five-cents nickel in over a decade. Yes, I've been hoarding them. My guess is that they will go zinc. Today, metal melt values, for US Nickels, clad Quarters & Clad Dollars are: $0.0551, $0.0570, & $0.073. -Coinflation.com. Thanks for sharing, trumpman.
I love buffalo nickels 😍
Stacking nickels takes up WAY too much space. Not worth it.
!pimp
Imagine stacking millions of usd like that. Would be hilarious 😄😄😄😄
I'd love to see someone with an actual stack. It would bring a new meaning to a boat load lol.
They won't be around much longer, they are next on the chopping block. The US penny is gone and soon the nickel will be too. I have a huge stack of copper pennies made before 1982, there was such a huge problem with people taking them to Mexico to melt down they limited the number of pennies you could take over the border!
Nickels will be gone in a few years too, they just cost too much to produce!
!PIMP
I'd love to see some photos of that stack!
"Interesting take—nickels turning into mini assets! Do you think the melt value might ever justify holding them long-term, or is it just a fun hedge?"
I would also keep some, it is possible that their value will increase over time.
Yes, in the US it is. Same law as Canada however I'd just travel over the border and melt down my Canadian coins. Like wise Americans in Washington State bring over their coins north to melt them down here. That's how its done. The wild card will be Pockete's Monetary reset take place before then.
What a silly and easy law to bypass 😂
Indeed, it’s an interesting and strange post at the same time
The cost of making coins always surprises people, especially when it’s higher than their face value.
Pocket Change! I love that band!!!!😂 !PIMP !LADY !LOLZ !PIZZA 😂
Pocket Change - Cant Take Me
😄😄
!pimp
you've earned a few nickels out of this post. nice
I am not surprised, but coins themselves are bulky and they can get heavy when you stack enough of them. It makes you consider space, but I don't think its a bad idea at all.