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Ponce
Penny Hoarding Member
Cuba
630 Posts |
 Posted - 07/20/2009 : 12:51:18
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I keep on saying the following "Hold a brick of nickels in your right hand and a hundred dollar bill in your left hand... which one feel more like real money?"
So I decided to do as I preach and I got myself 40 more bricks of nickel for a total of 90 bricks now at hand.
Am I crazy or what???........is more like "what", if TSHTF doesn't happen and I need the cash I can always revert my bricks to monopoly fiat......but........ITSHTF I will then have a lot of power at hand because I KNOW that coins will rule over paper and more if they are copper pennies or nickels.
If you are holding any extra paper cash then PLEASE go ahead and exchange them for some bricks of nickels, you wont be sorry.
And remember..."If you don't hold it, you don't own it"... Ponce
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"If you don't hold it, you don't own it"...Ponce |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/20/2009 : 18:00:14
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Wow! $9000 worth of nickels! That's quite a cash reserve. Most of my extra money is spent on silver and boxes of pennies, but I do confess to buying the occasional $10 worth of nickels; in fact I did that today.
BTW be sure to search your purchase for SW nickels and pre-1964s. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 07/21/2009 : 11:42:50
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I already have all the silver and pennies that I need.....those bricks of nickels is not counting the five 5 gallons platic water containers full of coins (took me only 32 years).
I really don't know what kind of coins I have in them and I sure as hell would hate to go through them, it would take me a couple of years.
Question, what is a SW nickel? |
"If you don't hold it, you don't own it"...Ponce |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 07/21/2009 : 11:57:23
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quote:
Originally posted by Ponce
Question, what is a SW nickel?
Silver war nickel, maybe?
We have some nickels, too. It's just as well to keep liquid money in the form of coins -- it's not as if you can earn any interest by keeping it in the bank. Plus . . . wait for it . . . if you don't hold it, you don't own it. 
I love that saying.  We say it all the time around the house now, about everything.
Example: "Where's the last can of Diet Coke? I was going to drink it with dinner." "I drank it -- if you don't hold it, you don't own it."  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
Edited by - Ant on 07/21/2009 11:58:35 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/21/2009 : 12:18:04
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I use my CASH reserve to get boxes of half dollars at my source bank to find those silvers. No matter how much silver you have, it's always nice to get more. That way my CASH is working for me instead of sitting around at home.  |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/21/2009 : 13:45:09
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quote:
Originally posted by Ponce
I already have all the silver and pennies that I need.....those bricks of nickels is not counting the five 5 gallons platic water containers full of coins (took me only 32 years).
I really don't know what kind of coins I have in them and I sure as hell would hate to go through them, it would take me a couple of years.
Question, what is a SW nickel?
Yes, its means "silver war nickel." I they have about 75 cents worth of silver in them. You probably have as many as 100 floating around in your stash. They are not difficult to find since the mangenese in them makes them somewhat darker than normal. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/21/2009 : 14:12:16
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| I have 91 boxes as well. As near as I can tell that is approx 1 ton of nickels as a currency hedge. Will go buy more to get the next ton moving along. Occasionally like to pull a few boxes and sort them for pre 1960's as well as the 0.6 box average for either a buffalo or war nickel prize. Once sorted, the rejects (approx 99%) get exchanged for fresh boxes... |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 07/22/2009 : 10:11:53
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| your $9,000 in nickels have a melt value of only $7,164. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/22/2009 : 12:14:01
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quote:
Originally posted by Lemon Thrower
your $9,000 in nickels have a melt value of only $7,164.
...And full buying power of $9,000. Eventually, people will beg for cupro nickel boxes for a multiple of face value.  |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 07/22/2009 : 13:55:05
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quote:
Originally posted by jonflyfish
quote:
Originally posted by Lemon Thrower
your $9,000 in nickels have a melt value of only $7,164.
...And full buying power of $9,000. Eventually, people will beg for cupro nickel boxes for a multiple of face value.
You beat me to it Jon. That's the beauty of this hobby. Melt values fluctuate, but you have a guaranteed floor of face value. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 07/23/2009 : 00:27:16
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I don't look at the melt value or even how much value it now has but for the value in the future.
You will be surprised as to how much value it will have once we are past WTSHTF and are in the deep doodoo........but........once again.....how much value is there if you were to melt 900 hundred dollar bills????? heheheheheheh, I'll stick to my bricks of nickels. |
"If you don't hold it, you don't own it"...Ponce |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 07/29/2009 : 12:39:17
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You could always save space by selling your furniture to replace with more nickles and stack the nickles to replace all your couches, tables, etc.
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Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/29/2009 : 13:17:49
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| Or...you could neatly tuck the nickel boxes away back in a closet somewhere. Cupro nickel boxes will sell for 2x face in no time when the metal content is changed in the relatively near future. Let's see...leave your cash reserves in the bank earning 0.x% or keep cold hard metal in reserves for a multiple of face? hmpf.......Better yet, let's hope everyone believes it is a waste of time and space ;-) |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 07/30/2009 : 09:21:48
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I always laugh when people talk about the "tremendous space to save nickel/copper/even Silver/and once even Gold!!".
Stacking is your friend :) You can stack pretty high especially if you buy a nice metal shelf.
I bet most of the people complaining about the tremendous space haven't tried it :) I have and they fit as tightly as I want for the most part. I have a reasonable hoard and I have them in part of one room with plenty of space for a work desk, my Ryedale, and several other things with room to grow! |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 07/30/2009 : 12:14:17
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| One thing I want to mention, is that everyone should be careful about where they place their copper/nickel hoards. Most residental structures are not designed to hold up a ton of coins placed in a small area like a closet on the 2nd floor. All your hoards need to be on the lowest level, be it a basement floor slab, garage, or slab on grade application. Most structures are not designed to hold up a waterbed without supplemental beams or columns, so its not going to hold up 2000 lbs of Cu or Ni in a 3'x3' area without seriously underminding the structural members under your hoard. If your in an apartment building or multi-family house and don't have access to the lowest level for storage, then spread your hoard around the apartment so no single beam or column is holding up the entire weight of your collection. I'd hate to hear about a collapse related to someone's coin hoard. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 07/31/2009 : 23:50:08
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quote:
Originally posted by jtm3
You could always save space by selling your furniture to replace with more nickles and stack the nickles to replace all your couches, tables, etc.
Hahahahahahhaahahah now you know my secret, my main center table in my living room is my hoard of bricks with a nice cover over them.
My five 5 gallons plastic water bottles are in my garage and I would love to see anyone trying to steal them......if they can lift them they are more than welcome to them. |
"If you don't hold it, you don't own it"...Ponce |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/13/2009 : 20:14:21
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quote:
Originally posted by Ponce
I keep on saying the following "Hold a brick of nickels in your right hand and a hundred dollar bill in your left hand... which one feel more like real money?"
So I decided to do as I preach and I got myself 40 more bricks of nickel for a total of 90 bricks now at hand.
Am I crazy or what???........is more like "what", if TSHTF doesn't happen and I need the cash I can always revert my bricks to monopoly fiat......but........ITSHTF I will then have a lot of power at hand because I KNOW that coins will rule over paper and more if they are copper pennies or nickels.
If you are holding any extra paper cash then PLEASE go ahead and exchange them for some bricks of nickels, you wont be sorry.
And remember..."If you don't hold it, you don't own it"... Ponce
Good advice Ponce. I know we have members or guests who come here and maybe they really don't have a lot of extra money to buy precious metals or even the time to short pennies. Nickels gives them something practical to hold on to. Old timers like us remember back when 90% silver coins were still in circulation and as the clad coins came out few could see ahead and hold on to the silver coins. Other people would say, "There is lots of time to get them." Or maybe they even said they will never be worth anything other than for their face value. Well, they were wrong and us "nuts" who took our extra cash and held on to them are not sorry for having done so. History repeats itself but for those who wait and have to start hoarding clad will find they waited too long. |
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Think positive. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 08/13/2009 : 20:59:22
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| Well Ardent, what the 90% silver coins are now the average coins of today will be tomorrow.......to me a roll of pennies is far more valuable than a one dollar bill.......think about it. |
"If you don't hold it, you don't own it"...Ponce |
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Metal rather than paper........
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