View Single Post
  #34  
Old 01-28-2013, 11:33 AM
redrex's Avatar
redrex redrex is offline
Senior Member
 
Join Date: Apr 2011
Location: Newman
Posts: 1,257
iTrader: 14 / 100%
Default

Quote:
Originally Posted by OHOD View Post
Pennies, dimes, nickels, quarters, halves and $1 coins are all fractional FRN's.

They never had intrinsic value, never will.
The only metal that is true money is either gold or silver.
Not quite true. The pennies I'm collecting, pre '82, are almost pure copper.

They have a melt value of 240% of face. METAL VALUE OF COINS

That is not only an intrinsic value but a hell of a profit margin. They may not be as pretty or easy to stack as your interlocking silver bars but they add up just the same and should the SHTF will be a hell of a lot easier to use to day to day things.
__________________
Madison Society
Reply With Quote