Should I Hoard Nickels?
While People Are Looking for Older Pennies, the Relatively High Copper Content of Current Nickels Might Make Them Well Worth Hoarding Right Now, as Long as You...
While people are looking for older pennies, the relatively high copper content of current nickels might make them well worth hoarding right now, as long as you think that there is a chance that the nickel could be abolished at some point in the future as well.
Are nickels worth saving?
Two values of coins (face and melt) provide a unique advantage in investments: a guarantee that you will not lose any money. With $100 in nickels, there is no risk of losing money: You will always be able to redeem your $100 box of nickels for $100.
Is it legal to melt nickels?
Effective today, the U.S. Mint has implemented an interim rule that makes it illegal to melt nickels and pennies, or to export them in mass quantities. ... To avoid this costly coin shortage, the new regulations prohibit the melting or treatment of all 1- and 5-cent U.S. coins.
Maya is a hardware enthusiast who tests and reviews smart home devices, smartphones, wearables, and audio gear. She focuses on practical consumer value and build quality.
