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Preppers are a unique group of people who are always prepared for the worst-case scenario.
They stockpile food, water, and other essentials to ensure they can survive in the event of a disaster.
However, one of the more unusual items that preppers collect is nickels.
In this blog post, we will explore why preppers collect nickels and what makes them so valuable.
The History of Nickels
Nickels were first minted in the 1860s as a response to Americans hoarding gold and silver coins during the Civil War.
The government needed a new coin that was made of a cheaper metal, and thus the nickel was born.
Today, nickels are made of 75% copper and 25% nickel, which makes them an attractive option for preppers.
The Value of Nickels
Preppers hoard nickels as a form of investment and an alternative currency during potential economic crises, disasters, or societal collapses.
The value of nickels lies in the metal they are made of.
The copper and nickel in a nickel coin are worth more than the face value of the coin itself.
This means that if the value of copper and nickel were to rise, the value of the nickel coin would also increase.
Cashing In
One of the reasons preppers collect nickels is that they can be cashed in for their metal value.
Leaving them in this form means you can cash them in for five cents worth of anything you need regardless of what the metal is worth.
This means when the value of copper and nickel goes up, you can sell your nickels for a profit.
The Process of Collecting Nickels
Collecting nickels is not as easy as it sounds.
Preppers have to go to banks and ask for large quantities of nickels, which can be a challenge.
Some preppers have reported being laughed out of banks when they ask for large quantities of nickels.
However, for those who are persistent, collecting nickels can be a lucrative investment.
Conclusion
In conclusion, preppers collect nickels because they are a valuable investment and an alternative currency during potential economic crises, disasters, or societal collapses.
The copper and nickel in a nickel coin are worth more than the face value of the coin itself, which makes them an attractive option for preppers.
While collecting nickels can be a challenge, it can also be a lucrative investment for those who are persistent.
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