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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 01/02/2010 : 19:18:43
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I just saw that the nickel is worth 101.95% of face value.
Is it time to start buying bricks of Nickels?
I think I will wait till there is talk of changing the composition.
If I was old enough, and had the money, I would have bought bricks of pennies in 1981.
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You don't have to be the BEST you just have to be.......SLICK
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 01/02/2010 : 19:27:12
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| People have really been pushing nickel-hoarding here for some time. I'm against it. I don't see a reason to start hoarding yet. When I hear that the Mint is changing composition in 2011 or whenever, then I'll start to set some back before they do. I'm probably blind, but I can't visualize a situation in which I can get them today but not tomorrow. |
So long, Realcent 1. Come visit us at Realcent.org! |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 01/02/2010 : 20:12:51
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i pick up $20 or so in nickels every few weeks. that way when the composition does change i'll already have a few set back. but im not ready to tie up too much capital at this time. like corsair said - i dont think they'll become unavailable overnight.
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/02/2010 : 22:00:41
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| I am also waiting just saving the pre=60s for now. Saving copper cents for now better return. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/02/2010 : 22:00:47
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| To those of you who already DO sit boxes of them back - do you open the rolls and look for silvers or pure Canadians or anything else? |
Come to the new and improved realcent: http://realcent.org
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Jangles
Penny Sorter Member
31 Posts |
Posted - 01/03/2010 : 11:39:54
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quote:
Originally posted by uthminsta
To those of you who already DO sit boxes of them back - do you open the rolls and look for silvers or pure Canadians or anything else?
I recently started picking up $10 - $20 worth of rolled nickles when I go to the bank and I go through them. I'm sure if I buy a box I'll go through that as well. It's kind of find, especially when you find something. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/03/2010 : 14:48:55
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quote:
Originally posted by uthminsta
To those of you who already DO sit boxes of them back - do you open the rolls and look for silvers or pure Canadians or anything else?
I'm working on my second ton of them and nope, I don't sort through them. Maybe I will someday when I retire. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/03/2010 : 15:12:32
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by uthminsta
To those of you who already DO sit boxes of them back - do you open the rolls and look for silvers or pure Canadians or anything else?
I'm working on my second ton of them and nope, I don't sort through them. Maybe I will someday when I retire.
Just to make sure I understand, you buy boxes of them and just store them away? |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 01/03/2010 : 15:19:16
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quote:
Originally posted by aloneibreak
i pick up $20 or so in nickels every few weeks. that way when the composition does change i'll already have a few set back. but im not ready to tie up too much capital at this time. like corsair said - i dont think they'll become unavailable overnight.
I do the same and have been doing it since the last run up in base metals. I would rather tie up my FRNs in PMs and don't believe that buying bricks of nickels right now make sense right now. I don't sort, I think it would be a waste of time, for the odd Canadian or Buff.
I do think that there will be a composition change or, ending production at some point soon for both the penny and nickel. Even if that happens, profits will be small compared to the upside in Ag and Au.
My $0.02
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 01/04/2010 : 09:58:40
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quote:
Originally posted by aloneibreak
i pick up $20 or so in nickels every few weeks. that way when the composition does change i'll already have a few set back. but im not ready to tie up too much capital at this time. like corsair said - i dont think they'll become unavailable overnight.
I've been buying nickels in small amounts for about a year, so I've built up a modest stash. I think we should be able to obtain nickels for the foreseeable future, however, it is possible that some future currency crisis (even a minor one) may prompt most banks to limit coin purchases by non-business customers. People who plan to wait until the nickel is worth 8 or 10 cents to start purchasing bricks of nickels may find that they waited too long. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/04/2010 : 12:04:34
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Time for a PARITY PARTY. 
Is there anyone who started saving nickels because of this news?
And could someone please tell me when copper cents first reached parity? And when they first reached 2x parity? |
Come to the new and improved realcent: http://realcent.org
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/04/2010 : 12:20:41
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| the only way nickels will even get remotely scarce if they change the content of them and the old ones become worth 2x face or more. On one hand it would be neat to be able to get in on the ground floor of a change(1965, 1959 or 82) but on the other hand if nickels got above 2X face is that the economy is much worse and inflation is through the roof. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 01/09/2010 : 18:51:33
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I view holding nickels as just another layer of preparations, like holding PM's, a stash of FRNs, food, guns & ammo. I don't know what is going to happen in the future. I do know that when hyperinflation hit German, coinage held much better value than the paper Mark, just due to the metal content. Holding them is a no-lose proposition and that's fairly rare with anything, even PMs. I don't even notice the money I put in them and who knows? Probably when I die, my wife and daughter will say "What the hell was he doing with all these nickels?"  |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 01/09/2010 : 19:25:01
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Ive been sorting out the pre-1960s, silvers, canadians, proofs, buffalos
I probably sort about $600 a week
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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fb101
Administrator
USA
2856 Posts |
Posted - 01/09/2010 : 20:12:43
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I'm stashing small amounts; '50 and '51 nickels, S nickels and all pre war nickels. I sort for the buffs and the war nickels.
I don't think I'd have a problem picking up a few thousand dollars worth in a rush if need be. I have some drive by's I know that I could pull about $400 a day with no problem and way more than that if I wanted to order. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/09/2010 : 20:24:41
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| More than anything else, I think holding U.S. nickels is an easy way to stash away cash that is at least inflation resistant. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/09/2010 : 20:27:30
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quote:
Originally posted by Shattered
quote:
Originally posted by Ardent Listener
quote:
Originally posted by uthminsta
To those of you who already DO sit boxes of them back - do you open the rolls and look for silvers or pure Canadians or anything else?
I'm working on my second ton of them and nope, I don't sort through them. Maybe I will someday when I retire.
Just to make sure I understand, you buy boxes of them and just store them away?
That's it. I don't even open them since that can get to be messy. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 01/09/2010 : 21:03:13
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| I still don't like the fact that they are 75/25. I prefer 95%/97%/.999 copper, 90%/,925/.999 silver, and .999 Nickel. I'm worried that the 75/25 mix will have a "war nickel effect" and cause they to be sold below spot. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 01/09/2010 21:04:04 |
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/10/2010 : 13:14:50
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by Shattered
Just to make sure I understand, you buy boxes of them and just store them away?
That's it. I don't even open them since that can get to be messy.
Okay, thanks. I was wondering if that was what people were doing. |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
Edited by - Shattered on 01/10/2010 13:15:54 |
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Common Cents
Penny Sorter Member
82 Posts |
Posted - 01/17/2010 : 18:11:11
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quote:
Originally posted by Corsair
People have really been pushing nickel-hoarding here for some time. I'm against it. I don't see a reason to start hoarding yet. When I hear that the Mint is changing composition in 2011 or whenever, then I'll start to set some back before they do. I'm probably blind, but I can't visualize a situation in which I can get them today but not tomorrow.
I agree with this premise. I don't see the urgency to build a nickel hoard at this time. Even if they were to announce a change in the composition of the coins tomorrow, I think there would still be adequate time to build a stash. The penny's composition has already been downgraded once, and stands to be downgraded yet again in the near future. Therefore I feel a greater need to target pennies at present. The numbers favor pennies too. Pennies melt value is more than 200% of their face value, while nickels just breached the 100% level.
That being said, I fully intend to invest in building a nickel stash when the time is right. I'd like to have a big stack of $100 boxes. Maybe the time will be right when a composition change is announced. Maybe it will be when we get a huge spike in nickel prices. Or maybe it will be when penny percentages have become so low that sorting them is no longer worth one's while. But there will be a time to start hoarding away Mr. Jefferson's likeness with gusto! |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 01/18/2010 : 09:31:17
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| I was going to pull the trigger on several boxes of nickels, but decided to hold off on tying up that capital for now and focus on penny sorting and silver accumulating for now. I do keep all nickels I get as change though, but I think the window to hoard nickels in any large quantities will only be open for a short period of time. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/18/2010 : 09:48:41
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quote:
Originally posted by Cupronickel
I view holding nickels as just another layer of preparations, like holding PM's, a stash of FRNs, food, guns & ammo.
exactly. instead of having a CD that pays 1% you have your savings out of the banking system in a real form inflation hedged.
the beauty of nickels is you don't have to sort them.
its not about them becoming rare, its about them retaining value. the govt won't continue making nickels at a loss for long. if copper prices stay where they are, its only a matter of time that they change the composition of the nickel. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 01/18/2010 : 13:13:35
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| Would anyone here be interested in foreign coins that have the same 75/25 composition as the nickel? |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/18/2010 : 14:36:40
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(I hope ponce isn't reading this post  ) But for anyone that has limited income to spend on coin searching, why tie it up on nickels? Search for silver nickels / pure nickel canadians makes sense, Copper pennies can be sold at a profit of over 1.5x fv. But to hold every nickel you come across seems a little premature.
If the composition were to be changed today, using copper cents as a model, there would be a long period when you couldn't profit from these.
Also the nickel is worth 1.02 X fv there's going to be plenty of these suckers in circulation for the next 1-2 decades, using Canada's nickels as a model here.
So to each there own, and for all you tucking away bricks of nicks, I thank you cause that's funds not going toward the coins i search for
~JobIII |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/18/2010 : 14:40:17
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quote:
Originally posted by Lemon Thrower
quote:
Originally posted by Cupronickel
I view holding nickels as just another layer of preparations, like holding PM's, a stash of FRNs, food, guns & ammo.
exactly. instead of having a CD that pays 1% you have your savings out of the banking system in a real form inflation hedged.
Hi Lemon,
I'm confused are you saying that the CD is the hedge or that hoarding nickels would be the inflationary hedge?
Wouldn't they both be a hedge against inflation [as long as base metals prices remain above the coins fv]?
Thanks,
~JobIII |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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barrytrot
Administrator
USA
721 Posts |
Posted - 01/18/2010 : 14:41:47
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quote:
Originally posted by misteroman
the only way nickels will even get remotely scarce if they change the content of them and the old ones become worth 2x face or more. On one hand it would be neat to be able to get in on the ground floor of a change(1965, 1959 or 82) but on the other hand if nickels got above 2X face is that the economy is much worse and inflation is through the roof.
Actually nickels worth 2x may mean the economy is doing very well. Or more likely that China's is, since they are proving to the be major consumer lately.
Bullion going up often means industry is consuming more. |
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Nickel 101.95%
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