
“According to www.Coinflation.com, the 1946-2011 Nickel (with a 5 cent face value) had a base metal value of $0.0733 in February, 2011. That was 146.7% of its face value. Because of the global recession and the fact that both nickel and copper are primarily industrial metals, the melt value of a nickel declined to just $0.0516 in October, 2011. I predict that as inflation resumes – most likely beginning in 2012 – the base metal value of nickels will rise substantially, regardless of the weakness in the industrial economy.”
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