Nickels Are The New Btc!

(edited)

Nah, probably not, but apparently after considering the withdrawal of the 1-cent coin the US treasury is also considering changes on the nickel, the 5 cent coin.

Much like the 1 cent coin, the actual cost for making a nickel exceeds its face value.

As of today, each nickel actually costs about 14 cents after all costs considered! That's an easy 3x. 🙃

Of course that number includes labor, production costs etc. The actual melt value is 5.9 cents, which is not a bad deal I guess. But remember, melting US coins for metal is illegal 🤫

For now the treasury isn't thinking to retire the nickel but to simply change its composition to cheaper materials.

I guess it would make sense if you are in the U.S to stack some before they change them. Worst case scenario, they will still be worth 5 cents a piece. But there's a good chance they gain a tiny bit of collector or melt value. Or maybe both.

Sounds like a good gamble with zero risk. I know I would keep some as a small experiment

Or maybe @pocketechange is up to something and the peeps stacking penises pennies are in for a wild ride ! 😄

untitled.gif



References



Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:

Posted Using INLEO

1.68998788 BEE
20 comments
(edited)

No, I haven't spent a five-cents nickel in over a decade. Yes, I've been hoarding them. My guess is that they will go zinc. Today, metal melt values, for US Nickels, clad Quarters & Clad Dollars are: $0.0551, $0.0570, & $0.073. -Coinflation.com. Thanks for sharing, trumpman.
IMG_3490.jpgIMG_3494.jpg

0.00447506 BEE

I love buffalo nickels 😍

0.00002062 BEE

Me too!!! I love the Buffalo Nickel!!!

0.00000000 BEE

Of course that number includes labor, production costs etc. The actual melt value is 5.9 cents, which is not a bad deal I guess. But remember, melting US coins for metal is illegal 🤫

Yes, in the US it is. Same law as Canada however I'd just travel over the border and melt down my Canadian coins. Like wise Americans in Washington State bring over their coins north to melt them down here. That's how its done. The wild card will be Pockete's Monetary reset take place before then.

0.00362492 BEE

What a silly and easy law to bypass 😂

0.00000000 BEE

Pocket Change! I love that band!!!!😂 !PIMP !LADY !LOLZ !PIZZA 😂

IMG_6183.jpeg

Pocket Change - Cant Take Me

0.00342276 BEE

😄😄

!pimp

0.00001861 BEE

Stacking nickels takes up WAY too much space. Not worth it.
!pimp

0.00309659 BEE

Imagine stacking millions of usd like that. Would be hilarious 😄😄😄😄

0.00000000 BEE

They won't be around much longer, they are next on the chopping block. The US penny is gone and soon the nickel will be too. I have a huge stack of copper pennies made before 1982, there was such a huge problem with people taking them to Mexico to melt down they limited the number of pennies you could take over the border!

Nickels will be gone in a few years too, they just cost too much to produce!

!PIMP

0.00308358 BEE

I'd love to see some photos of that stack!

0.00000000 BEE

you've earned a few nickels out of this post. nice

0.00306645 BEE

untitled.gif

0.00000000 BEE

Here 1 and 2 cents are getting disbanded and lot of supermarkets round to 5

!PIZZA

0.00282662 BEE

Same here!

0.00000004 BEE

You know I'm onto something...lol... What I came up with is a Game Changer for sure... On the other side of the Reset, a 5 Cent Coin will buy One Pound of Copper... Same goes for 5 of our One Cent Coins made of Copper Coated Zinc... I did like what you wrote, "sounds like a good gamble with zero risk"... Those words also apply to my version of the Reset but 100 times better...

0.00282085 BEE

Reset is gonna make us gazillions 😄

0.00000000 BEE

Only if you're holding the right assets... It will be a Game Changer for sure...

0.00000000 BEE

I'd love to see someone with an actual stack. It would bring a new meaning to a boat load lol.

0.00280902 BEE

untitled.gif

0.00000000 BEE

!hiqvote

0.00000000 BEE

You received an upvote of 87% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

0.00000000 BEE
(edited)

PIZZA!

$PIZZA slices delivered:
davideownzall tipped trumpman
@geneeverett(1/5) tipped @trumpman

Come get MOONed!

0.00000000 BEE

Due to the inflation, the cost of minting a coin has exceed the value of that coin :)

0.00000000 BEE

"Interesting take—nickels turning into mini assets! Do you think the melt value might ever justify holding them long-term, or is it just a fun hedge?"

0.00000000 BEE

I would also keep some, it is possible that their value will increase over time.

0.00000000 BEE

Indeed, it’s an interesting and strange post at the same time
The cost of making coins always surprises people, especially when it’s higher than their face value.

0.00000000 BEE

I am not surprised, but coins themselves are bulky and they can get heavy when you stack enough of them. It makes you consider space, but I don't think its a bad idea at all.

0.00000000 BEE

We'll pay again with cocoa or salt. Well, not with cocoa, it's expensive.

0.00000000 BEE

I also think that it can be a good investment to go with

0.00000000 BEE

But coins last forever (well, almost forever), so considering the life of a coin, that is cheap. I would say, change the design back to the Buffalo Nickels again! !LOL
!BBH
!LADY
!LUV

0.00000000 BEE

@trumpman, @silversaver888(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

"Every moment is a chance to spread love."

If you'd like to suggest a quote to be included in the LUVshares reply, go here.

Made with LUV by crrdlx

0.00000000 BEE

View or trade LOH tokens.


@silversaver888, you successfully shared 0.1000 LOH with @trumpman and you earned 0.1000 LOH as tips. (2/50 calls)

Use !LADY command to share LOH! More details available in this post.
0.00000000 BEE

Why does Davy Jones never bend his knees?
Cause they're always Kraken

Credit: reddit
@trumpman, I sent you an $LOLZ on behalf of silversaver888

(2/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ

0.00000000 BEE