Comments on: Five Nickels or a Quarter? http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/ AKA: The quintessential get-rich-slow scheme. Walking the streets finding coins. Mon, 30 Jan 2012 16:43:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mountain woman http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/comment-page-1/#comment-341 mountain woman Sat, 09 Jan 2010 14:59:28 +0000 http://lukesidewalker.com/?p=481#comment-341 I have had enough trouble keeping up with the fluctuation of gold and now I know I have to be more careful of the value of my coins. I have a huge jar of old coins I've been saving for a rainy day so perhaps it's time to consider their new monetary value. I have had enough trouble keeping up with the fluctuation of gold and now I know I have to be more careful of the value of my coins. I have a huge jar of old coins I’ve been saving for a rainy day so perhaps it’s time to consider their new monetary value.

]]> By: Luke Sidewalker http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/comment-page-1/#comment-338 Luke Sidewalker Thu, 07 Jan 2010 19:23:14 +0000 http://lukesidewalker.com/?p=481#comment-338 It is my understanding that as long as the metal value of the coins remain at a discount to face value there should not be much of a problem. It's when the metal value of the coin becomes a premium to face that the real problems begin. Thanks to Bumblin' Ben's trashing of the dollar (today's dollar rally not withstanding) we are in for a heap of trouble. People will start taking the premium coins out of circulation. I for one will no longer bank any coin that is worth more in metal than it's denomination! -Luke Sidewalker It is my understanding that as long as the metal value of the coins remain at a discount to face value there should not be much of a problem. It’s when the metal value of the coin becomes a premium to face that the real problems begin. Thanks to Bumblin’ Ben’s trashing of the dollar (today’s dollar rally not withstanding) we are in for a heap of trouble. People will start taking the premium coins out of circulation. I for one will no longer bank any coin that is worth more in metal than it’s denomination!

-Luke Sidewalker

]]> By: The Vulcanologist http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/comment-page-1/#comment-337 The Vulcanologist Thu, 07 Jan 2010 19:11:33 +0000 http://lukesidewalker.com/?p=481#comment-337 OK, so this is all very interesting... not that I am seriously planning on pouring out my coin jar and smelting out the copper from the per-1982 pennies but it's certainly an entertaining thought. So, might I suggest a further investigation of this subject? Given the costs of the metals involved and the manufaturing process itself - just how much of our tax dollars is going up in smoke in the production of Nickels and Cents? I read years ago that the production of the 1c coin was a loss leader for the US Government but that they couldn't put it out of production because of the public outcry over such an insult to a great president from his home state. Where of course, our current president most recently hails from. Further to this... if the metal content of coins actually makes them worth less than face value, and I would warrant that the higher denominatoin the greater the loss - where does that leave the UK with 2 pound (c. $2.22) coins? As someone with a degree in Geology and therefore a consideration for the world metals and raw materials market this "inner coin nerd" post struck a chord! (Side)walk on! OK, so this is all very interesting… not that I am seriously planning on pouring out my coin jar and smelting out the copper from the per-1982 pennies but it’s certainly an entertaining thought.

So, might I suggest a further investigation of this subject? Given the costs of the metals involved and the manufaturing process itself – just how much of our tax dollars is going up in smoke in the production of Nickels and Cents? I read years ago that the production of the 1c coin was a loss leader for the US Government but that they couldn’t put it out of production because of the public outcry over such an insult to a great president from his home state. Where of course, our current president most recently hails from.

Further to this… if the metal content of coins actually makes them worth less than face value, and I would warrant that the higher denominatoin the greater the loss – where does that leave the UK with 2 pound (c. $2.22) coins?

As someone with a degree in Geology and therefore a consideration for the world metals and raw materials market this “inner coin nerd” post struck a chord!

(Side)walk on!

]]> By: Morgan Eckstein http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/comment-page-1/#comment-336 Morgan Eckstein Thu, 07 Jan 2010 19:10:36 +0000 http://lukesidewalker.com/?p=481#comment-336 Gee, this is way nerdy. And exactly the type of useless triva that tends to get stuck in my head. Gee, this is way nerdy. And exactly the type of useless triva that tends to get stuck in my head.

]]> By: blueviolet http://lukesidewalker.com/2010/01/06/five-nickels-or-a-quarter/comment-page-1/#comment-335 blueviolet Thu, 07 Jan 2010 12:40:35 +0000 http://lukesidewalker.com/?p=481#comment-335 My brain can barely make change. For me to figure out coinage values beyond the obvious would shut it down completely. ;) My brain can barely make change. For me to figure out coinage values beyond the obvious would shut it down completely. ;)

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