Stocking up on Nickels (Investing & staving a collapse)

Hello there. In my earlier blog posts, I went over the importance of saving silver and using coin roll hunting as a method of finding it for free. I also talked about the importance of saving pre -1982 pennies for their copper value. If you read that earlier post you know that the copper penny is worth almost three cents. Impressive… I know. Before I wrap up my section on lose change I wanted to post 1 more blog post for you guys. That being the importance of saving the modern day nickel. If you have not watched my first two videos or read my first to posts on stacking silver and copper pennies I suggest you watch/read them first as they contain some information that may make this post a bit easier to understand and digest.

OK.

As we know now… the copper in 1982 pennies makes each of those pennies worth around 3 cents and the silver in pre-1964 coins considerably more but what about saving nickels? Don’t they contain copper as well? Absolutely! They also contain enough of the metal nickel to make them just as interesting. But I think the copper content in the nickel is where the real value lies. There are too many pros and not enough cons to saving them.

The nickel has been virtually unchanged since the end of World War II. It still weighs 5 grams and consist of 75 percent copper and 25 percent nickel. Copper is what we are after. As I mentioned previously it’s great to stock up those pre-1982 pennies for that copper but let’s face it, copper pennies to are rare. You have to hunt for them.

It’s a little more work sorting through the pennies and to my knowledge there seems to be only between 18 and 23 percent of copper pennies still in circulation. While that’s enough to keep you going on and about your penny searching, nickels may be the easiest form of obtaining copper as there is literally no sorting to do. Every nickel is composed of copper.

If you visit the website coinflation.com you will see that right now the melt value of a nickel is just barely more than 5 cents. if you’re going to horde nickels you’re going to bank that the copper and nickel will rise against our inflating dollar to see a healthy return on your investment. I personally am betting that it will.

It’s wise to collect precious metals such as gold silver and even copper in case we ever have a total economic collapse. If that ever happens paper (FIAT) money eventually becomes useless. Precious metal such as silver and gold ultimately become currency underneath the collapse.God forbid, no one likes to think about it but there’s nothing wrong with being proactive and preparing for that possibility. Investing in silver and copper is a wise choice in itself for its post economic collapse trade value. Also, once copper is removed from currency do you honestly think the value of copper and nickel will lower? If we can learn anything from history it would be that its value will only rise after it is stripped from our hands.

Now if you’re going to keep cash around your house better be it coins of actual value than paper. worst case scenario that nickel is always spendable at its face value. As I mentioned before you will never lose on your investment.

Another very important thing to remember is that right now the Obama administration has endorsed the Federal Reserve mint to begin trial strikes and composition test’s to change the composition of the nickel. Its going away for good. It appears they are pushing towards a steel nickel. Can I say robbery? That’s exactly what it is. If interested in learning more check out this link.

They have every intention on now removing all of the copper and nickel from the modern day nickel. Even after this happens I intend on saving my nickels. But when this happens you will have to manually sort the old from the new making this hobby much harder than it can currently is. Right now it’s a simple is going to the bank in buying a box of nickels or maybe a couple of rolls here or there.

Some people might say why not just horde pre-1982 pennies.. its copper values are much higher? And to that I say horde them! I save them…. the only problem is you have to to manually search for them and they about 4 times as Bulky as nickels.

Pennies are very bulky and they are heavy as well! But it really is six nickels half a dozen pennies. The bulk of pennies is much greater and so is the amount of valuable metal inside them.But you definitely get more bang for your buck storage wise with nickels. There is no wrong option, but pennies do yield more of a profit.

I like the idea of having a healthy share of both personally diversifying my lose change portfolio somewhat. Maybe you’re scratching your head calling this crazy… tell that to the Texas hedge fund manager Kyle Bass who in 2011 purchased 20 million nickels for 1 million dollars. Hes both smart and rich… maybe also knows something we don’t. Sorry if that comes off as harsh.

Stacking and storing Nickels as well as pennies will create a lot of weight even if you have a house with attic trusses. I recommend storing them in a basement, shed or any building with a hard flat concrete surface. You do not want to over stress your house.

We should be taking this as a lesson and learning from history. Our grandparents sure have not forgot what they did in the early sixties so why should be fail to acknowledge it. This really isn’t much different and this new steel nickel will be worth less than half a cent.That’s “your” half a cent. The Federal Reserve will be laughing its way… all the way to it’s very own bank as it pushes it steel token nickels into circulation and melts down your old ones.

There you have it…basic knowledge from my first three post on lose change. You can do what you want with it.