36 cents in pennies is now worth $1 in melt value

Amazing huh? A show I was watching recently had a guy on from the treasury who said it costs close to 2c to make 1c.
 
Quote from PocketChange:

I think the feds enacted some law making it illegal to melt coins.
Anyone remember the old peso? Most had been melted before the new peso.
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It may illegal to melt coins, but there's little or nothing to stop you from hoarding those coins.

As you can see from the coinflation page, a 1945 nickel is now worth $1.66. An owner of a 1945 nickel should be able to sell their nickel for well over 5 cents today.
 
Quote from iloveoptions:

Wow, interesting! What about pennies struck after that date?
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after that date they are worth almost 2/3rds of a penny so they are still pretty close.

A current Nickel is 75% copper and 25% nickel and its worth 6.25 cents per nickel. So you could basically go down the bank today and buy $100 worth of nickels and the metal value in the nickel is worth $130.53.
 
Quote from peilthetraveler:

after that date they are worth almost 2/3rds of a penny so they are still pretty close.

A current Nickel is 75% copper and 25% nickel and its worth 6.25 cents per nickel. So you could basically go down the bank today and buy $100 worth of nickels and the metal value in the nickel is worth $130.53.
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That's 30% return on my money in 1 day!! Better than trading options directionally i tell you, lol.
 
Quote from iloveoptions:

That's 30% return on my money in 1 day!! Better than trading options directionally i tell you, lol.
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I agree. ha ha... best . ROI i have seen in a while ..
 
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