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Friday, April 17, 2009

Did you know?


That only pre-1965 dime, quarter and half dollar coins contain any silver? Now they are mostly nickel with some copper. You can see the composition here:

http://www.coinsite.com/content/faq/USpre1965.asp

Pennies today are made mostly of zinc not copper. If your penny is dated before 1982, it is made of 95% copper except for 1943 pennies which are made of zinc plated steel.

The Sacagawea and presidential dollars although gold in color contain no real gold. The Susan B Anthony "silver" dollars are not silver but nickel and copper. The same holds true for the Eisenhower dollar.

So... if a person wanted to collect coins that might have some value in the future if our currency took a nose dive, your best bet would be to snag any of the dimes, quarters and half dollars that were minted prior to 1965 as these would contain real silver.

Of course there are some people that argue that the value of nickel is increasing and we shoud be stockpiling nickels instead.

So, what do you think? What's the best coinage to stockpile?

2 comments:

Kymber said...

dang girl - awesome post and question! but its only 5am in the morn here and hubby isn't up yet (he was a big coin collector in his younger days) - i will be directing him to this post when he gets up!

Confessions of an Overworked Mom said...

Thanks, Kymber! My Dad collects coins so I am going to run it by him as well. Have a great morning!

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