Make a Quick $2000
Thread Starter
Карты убийцы
Joined: Apr 2003
Posts: 8,264
Likes: 125
From: Cochabamba, Bolivia
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.
Find a million nickels, sell them for the metal, and collect a tidy profit of $2K.
seriously now
Drifting
Joined: May 2006
Posts: 2,499
Likes: 222
From: Carlsbad, CA
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.
Trending Topics
Thread
Thread Starter
Forum
Replies
Last Post
Mike Bertram
2G TL (1999-2003)
9
Sep 10, 2015 09:27 AM
