Coins as Proof of Inflation

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I bought these little sailboats, Canadian dimes. Really small coins. They were minted in 1953-1966 in the fineness of 800/1000 and in 1968 in the fineness of 500/1000. In both cases the weight was 2.33 grams. I compare them with the current European cent.

I'd rather not calculate how many Canadian dollars a 1964 dime would be worth in 2023... I think this is proof that silver is worth more than savings in a bank account or something.

Or... I'll do the math.
1 gram of pure silver = 0.77 USD, that is 1.05 CAD.
There is 1.864g of pure silver in the coin.
So the silver in the coin would cost almost 2 CAD...
That's an increase in price from 0.10 CAD to 2 CAD in 60 years.
Twenty times the price.
Is it a lot or a little?

silvergoldstackers leofinance pob vyb archon aeneas lassecash neoxian palnet pimp
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Zeptám se: vy sběratelé ty mince nějak čistíte a leštíte nebo tomu necháváte přirozenou patinu?

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Si dovolím odpovědět já. Každý je strůjcem své sbírky a dělá si, co uzná za vhodné. Obecný úzus ale je, že stříbrné mince se čistí.
Starší stříbrné mince se čistí jen vodou a mýdlem a jemným plátěným hadříkem. Nedoporučuje se ani flanel.
Jinak se přistupuje k mincím cca po roce 1850. Tam je snaha dosáhnout nejlépe ražebného lesku. Takže někdo používá ředěný čpavek, někdo slabou kyselinku, nejčastěji octovou či citrónovou. Mince se nechá v lázni pár hodin, pak se lehce vyčistí nejjemnějším kartáčkem na zuby a vytře tím flanelovým hadříkem...
Měděné mince, to je věda. Nejčastěji jen voda a mýdlo. Na bežné nové slitiny se použije třeba soda bicarbona s vodou, nebo i měkká guma...
Pak jsou speciálnosti. Pamětní mince z naleštěného razidla, proof, by se třeba neměla dotknout lidská ruka. Když, tak v rukavici z tanečních...
Je to věda.

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The site CoinInflation tracks this phenomena for US coins.

The price of silver droppped when people stopped using silver coins for currency. So, the price of silver does not fully reflect the amount of inflation.

The film industry used to use a huge amount of silver. Electronics use some but not quite as much.

CoinInflation special emphasis on the pre-1982 variety of penny. Wikipedia says Canadian pennies were 98% copper until 1996. I always thought they changed the composition when they added the 12 sided frame.

Coinflation says the melt value of the copper penny is now worth 2.5 cents.

Apparently copper reflects both inflation and the economy at large because it is used in everything from electronics to plumbing. The low price of copper shows that the world economy currently is recessed.

The US nickel is perhaps the most interesting circulating coin as the melt value of the nickel is $0.0665.

Wikipedia says the Canadian Nickel was 99% nickel from 1946 to 1981. I assume that these are out of circulation.

Anyway, I think the penny and the nickel are the most interesting coins to explore in relation to inflation.

!PIZZA

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It probably makes sense to stack all copper and nickel coins. But you would have to stack a really large number of them to make an interesting profit.

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I admit, I see collecting pennies and nickels as an educational opportunity. It is easy to teach people to stack nickels. Once they see the math, they are likely to start stacking silver.

I have to admit my bags of pennies seem to do a better job holding value than my bags of HIVE and HE coins.

There are companies that run the penny supply through machines to separate out the copper ones. Copper pennies in the coin supply are becoming scarce.

!WINE

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Exactly. Canadian pennies have been demonetized since 2015 but I kept more than 10 kilos of the older pennies and nickels for the return to commodity backed money even if it should be temporary.
This started as the family Change jar for decades before it was dubbed the Copper hoard. I still find a few pennies now and then from Coinstar Change counting machines.

Silver will return to being a financial asset in one form or another as the key players in the COMEX and LBMA don't even bother hiding their market suppression of gold and silver.

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So I don't have 10 kg of small coins...

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Sometimes I will show my piles of small coins. Starting to collect out of pocket is a pretty good idea.

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