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Make a Quick $2000

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Old 11-08-2011, 04:25 PM
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Make a Quick $2000

In the 1800s and early 1900s, circulating gold coins had an intrinsic value near their metal content. This occurred up until 1933 when President Franklin Roosevelt and the government made it illegal to own gold coins. A similar occurrence took place with silver coins when they stopped coin production for circulation in 1964. More recently in 1982, the U.S. Mint stopped producing copper cents for circulation. And today, the only remaining circulating coin that matches its intrinsic value, based off its metal content, is the Jefferson Nickel, currently worth about $0.052 each.
http://www.pcgs.com/Articles/Detail/...=ezine10252011

Find a million nickels, sell them for the metal, and collect a tidy profit of $2K.
Old 11-08-2011, 04:39 PM
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seriously now
Old 11-08-2011, 04:46 PM
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So 10k worth of nickels to make 2k.....smart.
Old 11-08-2011, 06:15 PM
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Not a bad ROI
Old 11-08-2011, 10:39 PM
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Sounds like a lot of work though to make 2K. I think somebody would be breaking a law melting nickles as scrap too. I think you would do better buying 10k worth of Silver coins and holding them for a year- especially at the current valuation of Silver.
Old 11-08-2011, 11:34 PM
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geez that's a ton of nickels.

1 box is only $100.....
Old 11-09-2011, 07:17 AM
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I'd find two bags of nickels and beat the Pruis owner in the head from the main Ramblings area thread.
Old 11-09-2011, 09:46 AM
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Even though the OP was intended as a joke, I do kick my old copper pennies into an empty water jug.
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