Letter Re: The Coming Shortage of Nickels.

[Ponce]

Your nickel (and mne ;D) is now worth an extra 7.5-10% more.
---------------------------------------------------------------------------------------------------------


Letter Re: The Coming Shortage of Nickels
Permalink
Jim,
Your readers might be interested to know that banks [where I live in California] have started charging a fee for rolled U.S [five cent piece] nickels. I’ve been going to Wells Fargo Bank ever since you wrote about the subject, several years ago, gradually obtaining nickels at cost. Yesterday, I found that they’ve begun charging 7.5% per $100 box. Another local bank, beginning in March, has started charging 10% per roll of nickels. Word is getting out: Gresham’s Law is intact. - Paul B.

http://survivalblog.com/

[SLV^GLD]

It's okay to panic as long as you are the first to do it. Good thing I got this out of my system a couple years ago.

[Ponce]

Did you buy two years ago?

[SLV^GLD]

I think it was you who incited me to panic. It was the latter part of 2008, that much I know.

[Twisted Titan]

Who cares if banks are charging......its still dirt cheap to "buy in" on nickles.

Get cracking.


T

[Ponce]

That's why I asked..........

[Sparky]

Saving nickels and copper pennies is one thing. But I blame Ponce for my recent tendency to save quarters! Argh!!

[Ponce]

Sparky?......some day you will thank that crazy Cuban instead of blaming him ;D

Someone here posted about two months ago....."Darn, everything that Ponce has said is becoming true" jajajajajajajaj.......don't forget about tp :oo-->