Quote:
Originally Posted by ILG
Pre 1982 pennies are worth twice as much or more as face value.
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True, but it is not worth the trouble of sifting for the increasingly very rare find.
A better investment would be nickels. The melt value is now 06.5 cents. Since Obama signed the new coinage act which will eventually see all pre-2010 nickels disappear replaced by steel, they will increase in value; especially when the dollar crashes. If they do like other hyperinflationary currencies and knock off a zero, a dollars worth of nickels will suddenly become worth ten dollars in true value.
Wish I had an extra ten grand laying around to buy nickels...but alas, I don't.
I am acquainted with a retiree living on Social Security who sold everything, bought gold and moved to Equador. I am told that you can live quite handsomely for less than a thousand dollars a month. He went so far as to get citizenship there.