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kavajava
Penny Collector Member
USA
325 Posts |
 Posted - 06/26/2008 : 13:10:50
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This may sound like heresy on this board, but how many of you just save plain rolls/boxes of Jefferson nickels?
A few months ago they were worth about 7 cents, now they are just over five....
But, no sorting (unless looking for war nicks) just buy and store. Still should be good barter coins if SHTF.
Thoughts?
What about your relative percentage of saving nickels and saving pennies?
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NotABigDeal
1000+ Penny Miser Member
USA
1344 Posts |
Posted - 06/26/2008 : 17:41:38
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I have some. There are some who have quite a few I'm sure. I haven't bought any boxes for awhile though....
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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HoardCopperByTheTon
Administrator
USA
3212 Posts |
Posted - 06/26/2008 : 18:43:01
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I have a few boxes, but not significant quantities. Most of mine are BU. I figure if you are going to save a few nickels they might as well be shiny ones.. that way you get the numismatic play as well.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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Ardent Listener
Administrator
USA
2223 Posts |
Posted - 06/26/2008 : 19:03:32
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| I'm still buying boxes of nickels. In fact I bought a box of them today and over $1000 more over the past month. Since we started this site I have seen the melt value of a U.S. nickel bounce between about 100% and 200% several times. That doesn't concern me as it is only a matter of time before it will head back up. What does concern me is that soon we may have to start to sort through them too like the pennies. |
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Flbandit
Penny Collector Member
USA
362 Posts |
Posted - 06/26/2008 : 20:29:22
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| I buy rolls sometimes but I just look for silver. |
Are you throwing that out? |
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TenBears
Penny Hoarding Member
777 Posts |
Posted - 06/26/2008 : 23:11:49
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quote:
Originally posted by HoardCopperByTheTon
I have a few boxes, but not significant quantities. Most of mine are BU. I figure if you are going to save a few nickels they might as well be shiny ones.. that way you get the numismatic play as well.
Agreed on the numismatic play. I sort nickel boxes for silver, Westward Journey nickels, and anything 1959 and older. Then, I return the culls. For the last year or so I have averaged a box or two a month. Already, there are suprisingly few Westward Journey buffalo nickels in circulation. I think people like saving those. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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legacypac
Penny Hoarding Member
Canada
952 Posts |
Posted - 06/27/2008 : 14:49:01
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quote:
Originally posted by kavajava
This may sound like heresy on this board, but how many of you just save plain rolls/boxes of Jefferson nickels?
I'm in Canada so my deal is a little different, but I buy every penny and nickel I can find at the banks. The ratio between pennies and nickels purchased is completely based on what I can buy. Nickels are harder to get then pennies in my experiance. I have to sort both and deposit the steel.
On the penny side I might decide to deposit the zinc too, but at this point the time required to roll up the zinc is not worth the money in my account yet. I am hoping to find a place to dump loose coin yet. I also figured out the Ryedale can seperate US vs Cdn Zinc, so I might just take all my US zinc across the line to exchange for halfs to sort - or bills to spend - and save myself some exchange rate costs.
For Nickels I keep all the Canadian Pure Nickel and CuNi, again seperated from each other. There is a current market for the pure nickel coins, and like Ardent Listener i figure that the market will develop for the CuNi ones. In Canada the Mint is already pulling CuNi for melting and I have boxes of CDI sorted rolls to prove it.
I also seperate and keep all the older Canadian war nickels and all pure nickels before 1965 for collectable value. That is a small stash so far, but I'm getting close to a complete collection of Canadian Nickels from 1939 onward pulled from circulation.
Finally I pull all the Jeffs out and store them in a seperate bin. Must be getting close to $200 face in Jeffs pulled from Canadian change. One day I'll take some time and build a complete collection from my bin of Jeff dates and varieties. Maybe save the Westward Journey coins seperate... but at this point there is zero market for cirulated recent date Jeffs including the WJ ones, and I'm not planning to spend them, so why bother sorting them a few at a time. |
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PennehChaos.
Penny Pincher Member
USA
176 Posts |
Posted - 06/27/2008 : 15:50:20
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Well, for a while i was buying them, sorting for anything interesting, then saving both piles...
Then i realized- yes, it's easy to hoard them, because they don't need to be sorted. The reason they don't need to be sorted is because the .gov hasn't even decided if or when a composition change will take place, never mind actually cranking out steel 5c's by the billion. So why tie up cash in them today when i can buy them tomorrow with cheaper money, and use the funds today to buy more pennies (which are sorely needed, since my percentages are among the worst on the board)
For SHTF purposes, i don't see them being a worthwhile hoard... not many people are going to have a nickel smelter in their backyard... that's pretty heavy-duty. i'd buy boxes of .22LR instead 
So, i buy about $50 a week, keep anything that looks to be MS-64 or better, look futilely for war nickels, set aside '38-'61s, and set aside all of the 2005 buffaloes. Everything else goes into the coin counter with my zinc dumps.
The less-than-perfect buffs will also go back, but only after i get a bunch of them saved up and paint all the buffalo wangs bright red. Amusing yourself in a totally immature fashion: priceless |
Nothing of value is an investment unless you possess it. If all you've got are paper, pixels, or promises, you're gambling. |
Edited by - PennehChaos. on 06/27/2008 15:57:51 |
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misteroman
Moderator
USA
1159 Posts |
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fiatboy
Administrator
912 Posts |
Posted - 06/27/2008 : 23:30:59
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I have several bricks of Jeffies stashed back.  |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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daviscfad
Member
74 Posts |
Posted - 07/09/2008 : 17:31:01
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quote:
Agreed on the numismatic play. I sort nickel boxes for silver, Westward Journey nickels, and anything 1959 and older
Why just the 1959 and older nickels do you save? |
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ChangeTheGame
New Member
USA
12 Posts |
Posted - 07/09/2008 : 19:36:09
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quote:
Originally posted by daviscfad
quote:
Agreed on the numismatic play. I sort nickel boxes for silver, Westward Journey nickels, and anything 1959 and older
Why just the 1959 and older nickels do you save?
Possible future numismatic value I assume. |
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daviscfad
Member
74 Posts |
Posted - 07/09/2008 : 19:44:27
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| i guess I save all since they all have the same metal content |
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misteroman
Moderator
USA
1159 Posts |
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Ardent Listener
Administrator
USA
2223 Posts |
Posted - 07/25/2008 : 19:34:13
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| Just about the time I start to think that I have enough dam nickels you guys bring back the subject................ |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. |
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Crash
Penny Pincher Member
USA
129 Posts |
Posted - 07/25/2008 : 22:28:34
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quote:
Originally posted by misteroman
I actually just convinced a guy at work to start putting $100 in nickels a week away.
How did you do that? I'm hard core into hoarding nickels.(basically because I've been to lazy/busy to keep sorting pennies like I have beenn the past.) |
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daviscfad
Member
74 Posts |
Posted - 07/27/2008 : 23:08:47
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| I have a couple 100 dollars in jefferson nickels and i just boght a couple 100 dollars of the pure .99 canadian nickels |
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Topic |
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Saving Jefferson nickels
