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Quick References

Quick Reference – Coinflation (Measuring the Metal Value of Coins)

I figured this was an appropriate link for Labor Day: Coinflation.com. This site lets you quickly determine the base metal value of different coin denominations. I happened upon it because I was searching for the base metal value of nickles. It’s interesting to see the inverse relationship between presumed value and actual value.

3 comments to Quick Reference – Coinflation (Measuring the Metal Value of Coins)

  • Bev

    I went to the site and thought it was interesting. But I never could figure out what the value of the current nickel is worth, given that we are being encouraged to save them.

    Post would have been better for me :) if you would have given some examples of what you discovered on the site… Because I just can’t figure some things out :)

    • Hi Bev. The way I see it is that the charts at coinflation are trying to tell you how much each coin is worth if you could melt it down for the base metals they are made of. For example, it’s saything that a pre-1983 penny is worth 228% it’s current value. That is, if you could melt it for the intrinsic metal value (mostly copper) you could get 2.28 cents from it. But, since there are laws that say you cannot do that… you can’t do that! In addition, the newer pennies are made mostly of Zinc, which is worth a lot less intrinsically. You’re encouraged to stock nickles because, of all the coins you can collect, their intrinsic value (their melt value) is worth the most with regards to value and weight. Although pre-1983 pennies are worth the most, despite the fact that they would be hard to acquire, the amount of pennies you would need to stock (and the weight and space they take up) makes that not really worth the effort. Dimes and quarters may sound better, however, their intrinsic values are very poor (at less than 20% of their face value). Therefore, the recommendation is to store nickles because their intrinsic value along with weight and space considerations make it the most viable coin to store. This is especially true if hyperinflation occurs and everyone wants base metals, commodities, etc. Hope that makes sense!

  • Jen

    I never really thought about the intrinsic value of coins so this is something to pay attention to.