I have given a lot of thought about this, and I say it is. The US nickel is the only surviving coin that is based on intrinsinct value---that is, its a hunk of 100% actual metal, not a symbolic "sandwich" of zinc or electorplated other garbage. A nickel is also heavy--it contains a pretty decent amount of the base metal.
Nickel itself is becoming a valuable commodity, as the price of nickel has soared in recent years. I would guess it costs the US govt many times what a nickel is worth to manufacture a nickel.
When will it become the point where banks will no longer have nickels, because everyone trades in their paper money one dollar bills for pounds of the actually valuable metal? And when will it become widely known that 20 nickels is much more valuable than a crisp $1 bill?
Nickel itself is becoming a valuable commodity, as the price of nickel has soared in recent years. I would guess it costs the US govt many times what a nickel is worth to manufacture a nickel.
When will it become the point where banks will no longer have nickels, because everyone trades in their paper money one dollar bills for pounds of the actually valuable metal? And when will it become widely known that 20 nickels is much more valuable than a crisp $1 bill?
