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Debasement is Still Inevitable: Another Year for the Real Cupronickel Nickel?

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posted on Dec, 17 2012 @ 02:42 PM
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Anybody else pulling nickels & pre'82 pennies for copper?

They aren't going to be around much longer...

"I've been warning SurvivalBlog readers about the inevitable debasement of the.2 cents to produce each nickel, so debasement seems inevitable.

After a two-year study, testing 80 different alloys, the United States Mint's findings on alternative metals were announced on December 14, 2012. In essence they've said: "We need more time." Here is the key line from the report summary: "The Mint has made significant progress and, at this time, has concluded that additional R&D is necessary before it can recommend any changes to the current coin composition." Here is a link to the full report."

Nickels




posted on Dec, 18 2012 @ 12:33 PM
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Good information. I've been saving nickels for awhile. If nothing else, they're still worth .05 and I didn't lose anything besides purchasing power. No worse than keeping it in an earn-nothing savings account.



posted on Dec, 18 2012 @ 09:00 PM
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A good site for looking up the melt values of coins - the pre '82 pennies are worth 240% of the face value. Been pulling them for awhile but they are getting harder to find.

www.coinflation.com...



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