Save Your Nickels

Start hoarding nickels they are on the verge of being debased, like the quarters and dimes were in 1965(Coinage Act 1965) and the pennies in 1981. The face value of quarters dimes and pennies was less then metal value so they had to use cheaper metals in the coins and extracted all silver in the quarters and dimes and most of the copper in the pennies. The nickel is the last coin in circulation that is still made with the same materials since its inception, 5 grams of copper and nickel. 75% copper and 25% nickel. As of this post the nickels melt value is 7 cents and costs the mint more than 10 cents to make so this coin is on the chopping block to be debased like all other coins before it. Pre 1964 quarters are worth more than 8 dollars and dimes are more than 3 dollars just to show you why they had to replace the silver that was in the coins. That is where you can see the true inflation in our system which the government wants to hide and federal reserve doesn't want you to understand. Pennies pre 1982 were 95% copper and are worth 2.8 cents which is almost triple their face value. So as metals continue to climb nickels and pre 1982 pennies are going to follow suit and expect the nickels composition to change to a cheaper base metal soon. Neil