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Description: Save Your Pennies A national currency is the best measure of money in a civilization and its relative health. By those standards the US ... all » Dollar is very ill if not already unrecoverable. Here are some factors one needs to be aware of. In 2006 alone, the U.S. dollar shed about 10% of its value against the euro. But the dollar's value is tumbling even more rapidly against tangible real-world assets like wheat and gold and crude oil, nickel, copper and all other real commodities. Today, for example, one U.S. dollar buys 44% less wheat, 55% less gold, 67% less crude oil and 83% less nickel than it could buy at the beginning of 2001. In fact, the value of the U.S. currency has dropped so precipitously against nickel and copper, that the metallic content of a U.S. nickel is worth much more than nickel The real value of US Currency is not in its denominated value but the essence of the metal it is made from. In fact those who melt pennies and or nickels for profit from the jump in metals prices could face jail time and pay thousands of dollars in fines, according to new rules put forth by the US Government in late 2006. Soaring metals prices mean that the value of the metal in pennies and nickels exceeds the face value of the coins. Based on current metals prices, the value of the metal in a nickel is now 6.99 cents, while the penny's metal is worth 1.12 cents, according to the U.S. Mint in December 2006. The director of the U.S. Mint Ed Moy said in a statement. "We don't want to see our pennies and nickels melted down so a few individuals can take advantage of the American taxpayer. Replacing these coins would be an enormous cost to taxpayers"... Under the new rules, it is illegal to melt pennies and nickels. It is also illegal to export the coins for melting. Travelers may legally carry up to $5 in 1- and 5-cent coins out of the USA or ship $100 of the coins abroad for legitimate coinage and numismatic purposes. Note the irony that the mint would be concerned about those who would "take advantage of the American taxpayer," when the actual production cost for each penny is now up to 1.73 cents, according to the Houston Chronicle. Year in and year out, The U.S. Mint wastes taxpayer money by coining pennies. Notice that the Mint produced $78,612,000 worth of pennies at a cost of $135,998,760, thereby wasting $57,386,760 of taxpayer money through November 2006. The all-in cost of coining pennies is even higher, after you include the wasted time and money that merchants and banks spend sorting and counting the damn things. Twenty 20 nickels are worth 40% more than a dollar. Each nickel is worth about seven cents. When was the last time you could make a 40% profit by selling your money? That is how weak the US Dollar has become and an indication of true inflation. The cause of Inflation: Inflation is described in Dictionary.com = INFLATION: Economics. A persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency. In March 2006 the Federal Reserve, a Corporation acting as if they are a Federal Agency, stopped reporting the increase in M3 – it is even being finding itself being subject to an Orwellian redefinition and being removed from consciousness. M3: M2 + all other CDs, deposits of eurodollars and repurchase agreements. As of March 23, 2006, information regarding M3 will no longer be published by the Federal Reserve. What this allows is the inability of anyone to gauge the amount of money being printed by the US Treasury. The effect of continued unabated, unthinking, indifferent, callous, insensitive managers of the money supply is an egregious ludicrous expansion of the money system which has caused terminal inflation. As a security a nickel is a value in itself because it is a call option against the price of the copper and nickel of which the coin is comprised of. Any capitalist worth half of his brain can determine that if the price to purchase a nickel is five cents and its sales price is seven cents that is a 40% profit without any effort. In the same way the more you buy the more you make. Dollars no longer store value as their physical components have shown it for what it is an illusion, a farce and more importantly and black hole where it is losing value quickly. When the paper to print them on becomes less than the value of the dollar we know the debt money game is over. The Mint has an alternative to debase the coins with a cheaper metal just as they had to do with gold and silver coins in decades past. Actually as we are well aware Nickels are mostly copper now and the copper penny is mostly zinc. Yet still the fall in value of the dollar has reduced American metal coinage to historical ancient relics. Considering the factors that produce hyperinflation being primarily the increase in money supply over available goods and services there is a good chance that the metal inside a nickel could be worth a quarter within a few years. If it is now worth 40% more than its purchase value. Imagine going to a teller and asking to have your money changed into Nickels and then selling them back to the US MINT for cost at $.07 each. The only problem is they have made this illegal but it gives you an idea of the gravity and insanity of the monetary system that has hijacked the American people's wealth through the deception called the Federal Reserve Banking system. So if Joe Citizen goes to jail for buying a 1,000 dollars of nickels and selling it for $1,400 on the open market how does it make sense to allow this private corporation to run the Monetary System? The real stupidity comes when we find out that The US Mint spends $1.73 to make each penny and $8.74 cents to make each nickel. It's a challenge to say that the US Mint makes money when it loses on every coin produced. Unfortunately for Americans if they are found to melt and sell nickels or pennies for profit they face a penalty of 10,000 dollars and or five years in prison. Wonder if you could get a forty percent discount on the fine by giving the US Mint nickels. «