Absolutely. That is why I'm SAVING EVERY single one of my coins and exchanging a few dollar bills at stores for coins. Once a month, I'll be withdrawing money in coins.
The dollar is backed by nothing but at least collectors will value coins more and these coins are made out of metals instead of 'paper'.
Nickels and pre-1982 pennies are already worth more than face value.
http://coinapps.com/base-metal/coin/calculator/
Exactly, I'll be lucky to get a silver dime or a silver quarter from 1964 and before. I am NOT giving up any of my nickels, especially as the green energy industry needs nickels and relies heavily on conductors of electricity, copper and nickel's value will only grow over the years.
https://coinweek.com/bullion-report/the-nickel-hoarding-billionaire/
Nickels are a good bet, imo.
Absolutely agree! I was just surprised 1938-2022 all are in same category. I thought the older ones would be more since the New seem lighter and different. I assumed they changed material breakdown from say 1950 to 2019.
Grab 1982 and older pennies, they are worth 3x in metal.
Mining costs are unlikely to go down.
If we get rid of the fed, we can move the decimal over 2 places and pennies become dollars.
As long as everybody goes for it, we can 100x our purchasing power, overnight.
A $20 gold piece would become 20usd, again.