Thursday, February 13, 2014

Future of American Copper Penny and Nickel Hoarding Revisited

Coin roll hunters have to always be on the look out for the potential of governments to either change the composition of the coins that we value for their metal content, or even worse, eliminating a particular denomination altogether. The latter happened a year ago here in Canada in relation to the penny, and as a coin roll hunter it was pretty devastating. All of the goals and plans that my brother and I had made towards copper penny hoarding were instantly thrown out the window and there was nothing that we could do about it. Eventually, we reformulated our goals towards silver and nickel coin roll hunting, but it still is a hard truth to swallow even today.

For this reason, I have examined the topic of composition changes or discontinuations a number of times, particularly with regards to American pennies and nickels. In the video above, I look at a number of different articles and legislation that is currently on the table that affects coin roll hunting and provides a window into what could occur in the future. I always love to hear your opinions on this topic, so please feel free to leave your opinion down in the comment section.

No comments:

Post a Comment