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Originally posted by ghostland
well either way its a win win, if they say that the currency is worth the amount of its metal content than hell, im paying people in copper pennies and nickels when the nickel price rises once again. Cause right now pennies from 1982 and earlier are solid copper and are worth 2.6 cents in the silver value. haha. and theres A LOT still in circulation, and nickels are worth about 7 cents in metal value. The treasury is trying quickly to change the content of the coins to cheaper metals like...steel. Maybe there trying to do this before there is a decision being made about this case. cause maybe they will decide that only coins currently in production are considered coins in the general circulation. cause they will be shooting themselves in the foot here if they say that its the metal value of the coins that should have been counted because then people can just go to the bank and get thousands of dollars in pennies and well. cut their expenditures down to only 40%. hell id love to pay my next taxes in pennies and say im paying with the metal value content and save a ton of money....so there is a problem with this. this case is threatening a HUGE delema for the treasury and the IRS right now with the craziness in metal prices right now.
look at coinflaton.com
it has all the coins made by th government present and past and their current metal values.