Coinspiracy: Nickels 📈 Got 5 rolls ($10) from the bank today, melt price is $16
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The US Nickel is the most valuable US coin. It is 75% copper and 25% Nickel. It weighs 5 grams. Plus, it will never lose face value, which is what you “pay” for it. Sound investment? If you buy a shitload, you may even luck up and get a couple of silver-containing nickels that were minted during WWII.
If hyperinflation hits, and CBDC becomes the only legal tender, or if they end the use of coins altogether, then they will be legal to melt. Imagine if your $2 roll of nickels becomes worth $10, the price of a roll of quarters...
🧐
Storage and actual acquisition seems like an issue.
If I want to dip out of the stock market, how the fuck do I get a hold of and store 6 tons of nickels?
We’re talking about a bit of protection from hyperinflation. Like, if the dollar becomes such shit, a la weimar or venezuela— nickel and copper might be worth like $150 lb. and silver like $200 oz and gold like 6 gorillion dollars an oz.
I’m not saying you need bathtubs of nickels to jump in like uncle scrooge, just 40-50 rolls as a hedge. Some people here might already be too strapped to invest in gold or silver, but most people can put away a few bucks a week in nickels or just save the ones they get in change.
Upvoted for properly using the word gorillion in a sentence.
How much does it cost to melt and separate?
IDK... when you sell a car for scrap, they do it for you. I’ve stood in line with homeless addicts a few times and sold aluminum cans back when it was a $1.08 a lb. and I got like .91 /lb
Some people have storage lockers...
It's a great thread when you show up. So me, silver all in.
Thanks- good to see you again
Not bad advice but I’m going to stick to silver and gold. Copper isn’t a bad idea if you have lots of storage space.
hyperinflation here we come!
Lol a nickel isnt all nickel bro. Even a penny is not copper anymore.
As noted in both the photo and the top comment, it is 75% copper and 25% nickel. Bro. It’s been the same composition of cupronickel for over 100 years. (Exception during WII, it was 35% silver) Bro.