pennies and nickels
Posted:
Wed Feb 15, 2012 6:10 pm
by rexmerdinus
Re: pennies and nickels
Posted:
Sun Mar 11, 2012 11:28 pm
by robroy
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.