How to follow Gresham's Law of Money

"Bad money drives out good" and you can profit from this law today.

This process is sometimes called "coin roll hunting" or CRH.

Difficulty: Moderate

Instructions

Things You'll Need:

• Coins
• Time
• Several Bank Accounts

1. 
   1 ton of Copper Pennies

   Research what coins are worth more in metal value then in face value. Assuming you live in North America, a helpful tool is Coinflation.com Your targets will be older then current but still circulating coins made of silver, copper and nickel. A useful forum is also in the Resources area below. Wikipedia has a good list of coins to target in the Coin Roll Hunting article.

2. 
   1927 Canadian Penny

   Go to your local bank and ask to buy rolls, boxes or bags (if possible) of coin. All banks will carry some coin, but serious sorters may need to request coins be ordered in by the bag or box. Ask the commercial or head teller about ordering.

3. 
   A pure nickel 5 cent coin.

   Take your coins home and if required unroll them. Sort the coins by date range based on your research and targets.

4. 
   US Coin Mix

   Roll up your dump coins and mark the coin rolls with an S for Sorted. If you can find a free coin counter all the better and you can skip this step.

5. 
   Pure Ni Canadian Nickels

   Return the coins to a different bank or branch then you are buying from. This is very important if you don't want to be cut off on supply or see the same coins again.

6. 
   Nickel Refinary Nickel from circulation

   Repeat this process, building your base and precious metal hoard for less then the intrinsic value of the metal.

Tips & Warnings

• Always return coins to another branch or bank then you bought them from
• Watch for international coins, rare dates, and errors that are worth collecting

Resources

• Coinflation.com
• Grasham's Law Explained
• The Copper Cave - Grasham's Law in Action
• Realcent is a forum focused on Grasham's Law
• Wiki article on Coin Roll Hunting with target list of coins
• The Handbook of Inflation Hedging Investments

[rosekolowinski]

on 11/15/2009 This is something I wasn't aware of. Interesting! Thanks for sharing!

[Thims]

on 11/14/2009 Some banks will not take rolled coins unless you have an account there. Be on notice. Very interesting article.

[besesitos]

on 11/13/2009 Thanks for the article on How to follow Gresham's Law of Money! Hugs

[missnye]

on 11/12/2009 Great article. Thanks!

[solutionsforu]

on 11/10/2009 Interesting article on How to follow Gresham's Law of Money. I learned something new. 5*