Make Money Fast!

Want a quick way to double your money? Hoard old coins. With rising commodity costs for metals, it’s turning out that a lot of US coinage is currently worth more than it’s face value.

One quick example: US Pennies minted between 1959 and 1982 are almost pure copper. Currently, the metal in one of those pennies is worth $.023. Likewise, soaring nickel costs mean that current nickels are worth $.068 each. Current dimes and quarters are still worth more than their metal, and will be for a while due to the fact that they’re mostly zinc.

If you’re lucky enough to have pre-1964 dimes, quarters and half-dollars, you’re sitting on a silver mine of sorts, since all of these coins were 90% silver. You’ll occasionally pull one of these out of everyday circulation, and I personally keep them when I do. A pre-1964 quarter is worth over $2 just for it’s metal these days.

For more information, check out Coinflation.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: