If one was to pull some savings out of the banks or credit unions in nickels, would that strain the system in a smallish way? Imagine if 10% removed $100 in nickels from their personal savings accounts and saved it personally? Todays price in metal value is up from face value and was up the beginning of the year 40%, after testing just below $0.05 early this fall. http://www.coinflation.com/ It is a win win!
Just think that everyone that does this will share the benefit of having "NO" risk in this trade, as we can always re-exchange these to the Institution at any time for what it cost if needed!
And what if everyone on here went and did this in February to honor the late great Presidents and our Constitution. BTW, these are Bullion, copper/nickel Bullion in a unit of exchange. And one day they will be removed from the common currency of exchange...with some having BU uncirculated copper/nickel bullion! A roll will cost a mere $2.00 and 50 rolls per $100.
Nickels are another example of our gov waste, think how much they cost to keep in circulation. There is the input cost at more that face value and then add the overhead like, machinery, labor, buildings, electric. Must cost $0.12-0.15 apiece? One day they will not be paying anyone to deliver them to the institutions and then they start to act like the 90% silver coins!!!
It seems obvious with a Bill to make it illegal to melt pennies and nickels in 2006 that there is a prolonged effort to maintain these in circulation, but why? Maybe it is so the peasants don't have a reason to take a closer look of the money in their pockets? If this is correct, then why not push this issue by causing a shortage?
Does anyone get change from the supermarkets, the nickel is the one coin to come out of the auto change dispenser the least amount of time, until the other coins are gone! Are the dispensers programmed like that, seems so. And if you ask for nickels instead of the other change (when can), most cashiers wonder why because the average peasant hates the nickel for being the heaviest, go figure! If one does ask for nickels in change, there is a chance to educate the cashier why they should also save nickels for their retirement. And if you were to receive $0.50, but get 10 nickels instead of 2 quarters there is more than $0.50 in metal value compared to the metal value of 2 quarters at $0.097809 per http://www.coinflation.com/
It makes exchanging (trading) fun!