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n/a
deleted
29 Posts |
 Posted - 09/28/2009 : 12:45:25
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For some people, it's impractical to hoard all Jefferson nickels. But we want to keep some nickels as a hedge, right?
What about just keeping 1960s nickels in the hoard? My reasoning is this: Currently, pre-1960 nickels have a premium. And since a hoarder should be committed to keeping their hoard for potentially years... won't pre-1970 nickels, in another decade, be the new standard?
Seems like hoarding 1960-1969 nickels is more practical (given their numbers) for some people and potentially more profitable, for the added premium angle down the line.
That depends on the reason for hoarding, but anyway, your thoughts?
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Edited by - n/a on 09/28/2009 12:46:06 |
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Megaman
Penny Pincher Member
USA
173 Posts |
Posted - 09/28/2009 : 12:59:28
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| Personally i keep all pre 1970. But i don't keep the 1964s, those were minted in numbers near 3 billion. Everything else i keep. |
Must hoard more...... |
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cecropia_moth
Penny Pincher Member
USA
222 Posts |
Posted - 09/28/2009 : 16:48:32
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Like Megaman, I also keep all the pre-1970 except for the 1964's (I also keep the 1970-S as well...the last S-mint nickel for circulation). I can do this because I search very few nickels. For the big nickel sorters keeping the 65-69 date range might not be practical, but the relative mintage numbers for those years is small so it's probably not a bad idea.
Do keep all the pre-1982 Canadian Ni nickels you find as these are becoming few and very far between.
Jeff |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 09/28/2009 : 17:19:14
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| I am keeping all of them, around 11-12 thou, and I really don't know what the heck is there. |
"If you don't hold it, you don't own it"...Ponce |
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ZigMeister
Penny Pincher Member
USA
229 Posts |
Posted - 09/29/2009 : 10:33:54
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Currently, pre-1960 nickels have a premium.
[/quote]
Just started sorting nickels and would like to know what is the going premium for pre-1960 nickels? Thx |
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n/a
deleted
29 Posts |
Posted - 09/29/2009 : 13:49:01
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It's hit and miss on ebay and here are a few examples:
10 rolls ($20 FV) pre-1960 Jefferson nickels, 3 bids, $40.99 + $10.50 shipping
You must be logged in to see this link.
10 rolls ($20 FV) pre-1960 Jefferson nickels, NO bids, $39.99 + $5 shipping.
You must be logged in to see this link.
1 roll ($2 FV) pre-1960 Jefferson nickels, NO bids, $3.75 + $3.25 shipping.
You must be logged in to see this link.
To sell pre-1960 on ebay, from what I've seen, you have to offer a decent-sized lot. It also helps to write a good ad, make promises about the product, and not sound suspicious. (I don't know what coins I'm selling you!) Shipping is a deal-killer on single rolls. |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/29/2009 : 19:06:23
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I am w/ Ponce.
While I am not sure about how usefull they would be in an economic collapse, coins will be prefered over fiat in that scenario.
I keep my nickels for thier metal value... Not numismatic value. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 09/29/2009 : 20:13:05
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In my opinion the coming crisis will not be about whether people can eat their coins or not. Owning metal coins with real value will mean you have a net worth while those who stood idle and watched their fiat money lose so much value that they will fight for survival because they will have a hard time convincing anyone to accept a declining currency that has no perceived value in return for something to eat. Anything of real value is worth owning and will be sought out as a haven to preserve wealth. Folks, we are facing the largest wealth transfer in human history.
Be prepared. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 09/29/2009 : 20:44:43
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quote:
Originally posted by tailwinds
It's hit and miss on ebay and here are a few examples:
10 rolls ($20 FV) pre-1960 Jefferson nickels, 3 bids, $40.99 + $10.50 shipping
You must be logged in to see this link.
10 rolls ($20 FV) pre-1960 Jefferson nickels, NO bids, $39.99 + $5 shipping.
You must be logged in to see this link.
1 roll ($2 FV) pre-1960 Jefferson nickels, NO bids, $3.75 + $3.25 shipping.
You must be logged in to see this link.
To sell pre-1960 on ebay, from what I've seen, you have to offer a decent-sized lot. It also helps to write a good ad, make promises about the product, and not sound suspicious. (I don't know what coins I'm selling you!) Shipping is a deal-killer on single rolls.
Pre '60 nickels are as common as dirt in my parts. I get at least a couple of dozen a box. I just dump them. With shipping that one buyer paid 3X face. I might have to rethink this...
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/01/2009 : 08:31:24
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I keep all my Nickles.
They are separated into pre-1960 and post-1959 containers. |
There's profit if you melt things!!
8{> |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 10/01/2009 : 10:06:01
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| I just keep the pre 60's if they bring a litte bit more now they should bring more later and where do we want to try up money now. I prefer silver for trying up money at this point in time. |
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Nickel hoarding by decade - 1960s
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