JWR,
I would like some information on
saving coins. I have been going through my coins and want some clarity on what
to save. I have saved all pennies, nickels, quarters, dimes, and so forth from
the years 1940 to 1999. Those from 2000 to present have been taken to the bank.
Is this correct or should I be saving nickels and quarters from 2000 to present
also? It is amazing how much change a person can accumulate and the amount of
older money that is in the system right now. – D.D.
JWR responds: There is no significance to 1999, in coin composition. The
key years to remember are:
- 1964 was the last year for 90% silver dimes and quarters.
- 1981 was the last year for 100% copper pennies.
I DO NOT recommend saving any post
-1964 quarters! They each only have about 3.7 cents worth of copper.
And frankly, pennies are not worth
the time to sort, unless you have a sorting machine.
You should save ALL nickels, since
they each have about 5 cents worth of copper and nickel, and that value will
likely rise. (Their composition hasn’t changed since 1945, but it will likely
change in the next two years.)
From the Survival Blog
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