You may have noticed a few of your friends getting into Gold and Silver coins. Maybe some of them are even buying Copper. Well, by simply sorting through your change you too can begin collecting precious trade metals. Here is what to look for, and some other advice on collecting and saving change.
For reference, the 6 precious trade metals are: Copper, Nickel, Silver, Palladium, Gold and Platinum. Rhodium has been minted as an extremely rare metal coin, but remains obscure to many traders. Precious Trade Metals are pure elemental metals that carry industrial use, jewellery use, and monetary use, all of which do not exhaust the total world supply, thus making them the perfect universal barter units.
WARNING: Melting U.S. coins is illegal. Do not do it. We are only recommending saving specific coins for trade and collectable sales.
United States Coin Currency
Nickels = 75% Copper and 25% Nickel (Cupronickel)
Keep every Nickel. A Nickel is worth 6.2 cents in Metal Value. Get a jar or container to specifically save Nickels. Of course, if hoarding specific coins becomes illegal stop doing it. We recommend rolling Nickels into $2.00 (40 coin) rolls and using them as “Barter Items.” Explain to your friends that a 40 roll of Nickels is actually worth $2.50 in metal, and until metals stop rising against paper money that value will go up.
Pre-1983 Pennies = 95% Copper
Same as with Nickels, keep everyone of these you find. Roll them in 50s and use them as barter or save. 50 coins roughly equals 5 ounces (AV) of Copper (as a Copper Pennies weights 3.11 grams and is worth 2.2 cents in metallic value). Thus, a 50 cent roll of Copper Pennies is actually more valuable than a Dollar.
Dimes, Quarters, Half-Dollars, are “Silver” Dollars Pre-1965 = 90% Silver
You can save these together or separate. If you haven’t gotten the gist of this article yet, save these, use them for trade or barter as their metal value, or sell them on eBay. They are worth more than their face value, so don’t be a fool and get your money’s worth. Take some time to fact check everything discussed in this article and do your own searching.
Yen 5, 10, 50, 100 and Older 500s = 75% Copper and 25% Nickel (Cupronickel)
When I stayed in Japan for a Month I ended up saving a lot of change to bring back home with me. While doing research for this article I found out that Yen coins are mostly a blend of Copper and Nickel (the 1 Yen coin is Aluminium and some of the newer 500 coins are Copper and Zinc). Before you travel look up the countries coins on Wikipedia for their metal compositions and make sure to keep the ones with any Precious Trade Metal in them, such as Canadian Coins and Pence in the U.K.