The U.K. has debased its 5 and 10 pence coins and now they won't work in parking meters. The new coins are steel. At least that makes them easy to sort out. Just use a not-money magnet! Whatever sticks to the magnet ain't real money. They're also thicker, but why waste time feeling them when a magnet will work faster?
I wonder what a bunch of magnetized coins would do to a vending machine? I wonder if they've thought of this? Hmm...
The US is to debase nickels any time this year. I am watching for this and haven't seen any announcement yet, but they're supposed to do it sometime in 2012. If we start having big inflation, pre-2012 nickels will disappear. But you don't have to sort them like you do pennies - yet. You want some cheap copper? Get rolls of nickels here and there, and sit on them for a few years. Once they truck out the debased nickels, the value of your real copper nickels will be closer to the commodity value (which is higher than the face value). Just think about the 90% silver coins. A dime is going for around $2.40 or something like that.
On the other hand, you might want extra food around first, if you haven't started prepping yet. Once you're pretty much ready though, save your nickels.
Maybe I should acknowledge inflation and start calling myself Nickel Pincher.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment