Quote:
Sure, there are always exceptions to my comments, but generally it's wiser to trade commodities electronically than physically.
...and I'm not sure if you imply that the metal in the nickel is worth more than it's face value, but it's illegal to destroy US minted currency.
|
It was a 'canned beans and ammo' joke. But seriously, Vault 7? The only means of electronic trade that is fit for purpose is Bitcoin/Ethereum.
No need to melt. Although, I do have a nickel-plated brass hot tank that could stand refinishing.
Hoarding Nickels as Metal Prices Soar
Quote:
|
If history is any indication, the hoarders may not have long. In 1965, with the price of silver climbing, the U.S. Mint diluted the composition of both the dime and the quarter. It did the same thing to the penny in 1982 when copper became too expensive. In every case, the composition change caused the value of the original coin to skyrocket: pre-1965 dimes can now sell for $3.50 each, the quarters are valued at more than $8, and pre-1982 pennies are auctioned off in mass quantities on eBay for nearly three cents apiece. “Somebody who kept a thousand dollars’ worth of change 50 years ago could now exchange that bag for $28,000,” says Curtis Penner, a hoarder from Alberta, Canada.
|
And generally, energy is fungible and therefore in contention; but metals have been cornered long ago.