Wednesday, March 3, 2010

Coinflation

It isn't necessarily a political statement to predict that a period of high inflation is coming. The economics behind that prediction are complex and not what I want this post to be about. Instead, my point is that the result of inflation is that the "melt value" of some of our coins is now worth more than the value they are denominated.

Thanks to coinflation.com, the metal value of coins can be tracked on a daily basis. As of today, not only is the 1909-1982 Lincoln head cent worth more melted than it is as a currency, but also the nickels coming out of the mint as I write this are made of metal that is worth 5.57 cents per coin.

But there's more to coinflation. You'll also find similar statistics for the coins of other countries, as well as articles covering coin, currency and inflation news.

Check out Coinflation.com today!

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