That might be because coins have no intrinsic value, only transactional value.

by Anonymous 1 year ago

Actually, the coins have more intrinsic value than transactional. The government is using a very specific alloy for the coins to avoid people melting them down and selling the metal...

by Anonymous 1 year ago

Kill the stupid penny already. Wtf is the point of circulating a coin that can't even cover a single thumbtack.

by Anonymous 1 year ago

Say that to my stash of pre-1983 pennies

by Anonymous 1 year ago

That mainly because the value of coins comes from the amount of coins minted in a given year. There's plenty of coins that were minted, but it was simply a distribution problem that caused the shortage.

by Anonymous 1 year ago

That's because you're not the one with the coin shortage. Businesses- especially small business that need but don't have access to coins will absolutely be paying premiums to get them

by Anonymous 1 year ago

Hmm... I'm wondering now if I should "invest" in coins and bills. In a decade (or two at the most) physical currency may no longer be a things so they'll be considered collector's items. It would probably be a long time before they're considered old enough to have significant value, though.

by Anonymous 1 year ago

I used to collect coins and bills and let me just tell you that it's a great hobby if you find it interesting, but it's not a good way of making money. Chances are you won't find anything of great value, and although the value may go up over time it won't probably won't be that significant. If you're solely looking to make money then there are many better ways of investing.

by Anonymous 1 year ago

My grandpa has a collection of pennies from 1970 all the way back to early 1800s

by Anonymous 1 year ago