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pennies and nickels

Discussions pertaining to the investing in, collecting and saving of U.S. CuNi Nickels and Canadian Ni and CuNi Nickels, and other coins containing nickel. Put in your "5 cents" here.
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pennies and nickels

Postby rexmerdinus » Wed Feb 15, 2012 6:10 pm

http://finance.yahoo.com/news/obama-wan ... 00840.html

Posting this in the penny forum too
My beer and homebrewing blog: http://alemongery.blogspot.com
My wine and winemaking blog: http://connoisseurscorner.blogspot.com
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Re: pennies and nickels

Postby penny pretty » Sun Mar 11, 2012 12:31 am

nice read. TY!
"Is that a roll of pennies in your pocket?" "Why yes miss, it is... why do you ask?"
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Re: pennies and nickels

Postby robroy » Sun Mar 11, 2012 11:28 pm

I think that if they change the formulation of pennies and nickels all older coins will dry up within a matter of 3 years. I forget how long it took the silver dimes and quarters to dry up, but I don't it was much longer than that.

As I recall, the biggest cause for the silver coins to leave the market was the Hunt brothers and their attempt to corner the silver market. Once the formulation is changed there will be push to allow for the melting down of the older coins, and once that happens they will be scarce.
Don't look back. Something may be gaining on you.

Neither a penny or a nickel is worth face value anymore.

I'm just a poor wayfaring stranger.
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