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n/a
deleted
85 Posts |
 Posted - 12/22/2007 : 12:41:05
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Poll Question:
Are U.S. nickels worth hoarding now that their melt value has gone down to about 117%?
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| Results: |
| Yes |
 [65%] |
51 votes |
| No |
[32%] |
25 votes |
| Other |
[3%] |
2 votes |
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Poll Status:
Locked »» |
Total Votes: 78 counted »» |
Last Vote:
03/18/2008 01:00:13 |
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"The key to building wealth is to not lose money." - Warren Buffet |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 12/22/2007 : 12:56:06
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No matter what a nickel is a nickel is a nickel....Like pennies.
I say yes.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 12/22/2007 : 14:01:47
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| i dont get boxes from the bank to save but i keep all i receive in change and any others i come across. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 12/22/2007 : 14:20:50
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Even if they go down to face value, you still end up with metal worth a nickel in the easiest form to obtain.
No need to go scrapin', no need to get your hands dirty, 5¢ worth of money for just 5¢ is still a good deal.
Who knows? Maybe copper & nickel prices will go up in the future. |
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Crash
Penny Pincher Member
USA
155 Posts |
 Posted - 12/22/2007 : 14:56:20
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| I don't buy them in boxes, but I've gotten to the point where I buy a couple of rolls every time I go to the bank and I save all I receive in change. I plan on doing this as long as the metal composition stays the same. Once It changes(and I'm sure it will sooner or later), I'll probably start sorting them like I do pennies for copper. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/22/2007 : 21:36:07
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| I will admit to buying them in boxes.. bought 5 boxes this week. I am less bullish on them now than I have been in the past. I tend not to hoard as many boxes as I used to because this ties up hoard capital that I can use for other things.. like pennies! A guy just can't have too many pennies! From a hoarding standpoint I would say they are better than paper dollars, but not as good as some other things you might hoard. Part of the fun of hoarding for me is to have a lot of something. I can get 10,000 pennies for the same cost as 2,000 nickels. Another part of the fun is playing with my hoard. I get to do that more with pennies.. then I can take the undesireable ones back to the bank (with some limits) and convert them into more pennies to play with. This is more of an active or dymanic hoarding as opposed to passive hoarding with nickels. Nickels are more of a buy and hold play. I tend to look through them when I get them just for fun, since the time to hand sort them is not warrented by the return. Another thing about hoarding is that many do it with the idea of a potential profit at some time in the future. While nickels may go up, I believe there is more potential in pennies. So I tend to use more of my meager hoard capital for pennies rather than nickels. With nickels I buy them, look through them and then either cash them in to regain my capital or sell them. I sold three boxes of brand new shiny nickels on eBay this week for a nice current gain rather than waiting and hoping they might go up more. So I would say if you are going to hoard some nickels you should try to get nice shiny new ones.. that way you have the potential numismatic play as well. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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fiatboy
Administrator
912 Posts |
Posted - 12/22/2007 : 22:00:30
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What he said.  |
"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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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 12/23/2007 : 09:58:07
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| I started out hoarding nickels and still believe they are worth hoarding, but pennies are better if money and not time is what limits your hoard. If I had 0 time to sort, I would hoard 100% nickels. If I had infinite time, I would hoard 100% pennies. |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 12/23/2007 : 12:08:57
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| Ninety-five percent of my hoarding is focused on pennies. The only nickles I 'hoard' are the ones before the 70's. Numismatic will surely come into play sooner or later. |
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fiatboy
Administrator
912 Posts |
Posted - 12/30/2007 : 00:33:43
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| Mostly I just save pre-1960 nickels. |
"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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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/01/2008 : 12:44:51
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| I think they are worth getting. They do, at this point, require no work unless you want to sort them for silver war nickels. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/01/2008 : 16:58:06
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quote:
Originally posted by Cody8404
I think they are worth getting. They do, at this point, require no work unless you want to sort them for silver war nickels.
Correct. Buy, take home, put away, and make a small profit, ($0.20 per roll or so), doing nothing. Just takes up space. Still $100 no matter. If it falls worth like 70% face or so then turn it into pennies. Very easy to sort for war nickels as well.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/14/2008 : 11:19:22
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Nickels are much easier to come by than copper pennies. Value wise by todays standards the copper penny has much more potential being able to double your money very easily. Nickels the profit potential isn't as great(unless the are numismatics or war-silver-nickels).
IMO if you have too much capital to preserve and want to protect it for the long haul it might be a good idea to start putting away a small percentage i nickels every week. I believe the United States is one of the only countries left to use metal in their circulating currency that has a value worth more than the actual denomination, these being the copper penny and the nickel. Watch the news and you will see things are in the works to change the nickel and possibly even the zinc penny.
Very soon you may see the nickel in the nickel disappear. Then you may begin to find them as tough to find as the copper penny.
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mickeyman
Penny Pincher Member
Canada
243 Posts |
Posted - 03/14/2008 : 13:43:23
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Are you guys kidding me?? Nickels are the best thing going!!
Oh wait, this isn't a Canadian site. |
Not all who wander are lost. |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 03/14/2008 : 16:01:55
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| I would have to say no, unless you get a silver war nickle or a buffalo. |
*HUCKABEE*
___08'____
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n/a
deleted
139 Posts |
Posted - 03/14/2008 : 18:56:51
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| i save all pre 60's nickles. but focus mostly on pennies and to complete my type set collection. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/14/2008 : 19:01:50
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For now I want the cash to use for keeping the pennies going.
Nickels I just don't see as being worth hoarding quite yet.
I'd rather buy more silver than a big amount of nickels. |
Sorting In Northwest Mississippi |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/14/2008 : 19:35:06
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| I don't regret the ton of nickels I'm hoarding. Sure, if I knew then what I know now I would have bought more silver with the money. But like the 90% silver I hoarded out of circulation back in the 60s and early 70s, I feel their day will come too. |
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Think positive. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 03/14/2008 : 20:24:33
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I view nickels as a 'sleeper' metal play-
kind of where the humble copper cent was back in 1983, an overlooked potential waiting for just the right time to be recognized and valued.
If the metal nickel goes up, the US Nickel goes up in melt value,
If copper goes up, the US Nickel goes up in melt value,
two metals push up a US Nickel's melt value can only help its future reslae price.
Even if melting US Nickels isn't practical or legal, there could be a resale value for nickels as-is. Few try to melt the silver war nickels and prefer to sell them as numismatic items or as a "cheap" silver coin. It could happen to the regular lickels too.
Every dog has its day and given enough time US Nickels will find their demand and hopefully a resale value of double face value. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/15/2008 : 00:44:48
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I think that nickels will be available for much time to come.I also save every one before 59 and have done so for the last 20 yrs.Maybe someday it could be a better deal,but for now pre 82's seem best
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 03/15/2008 : 11:09:01
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I say no - US Nickel.
1. I don't think there will be melt value in the nickel due to it's composition (75% copper, 25% nickel). You will probably only get the copper value or the nickel value for a nickel, but not both - Copper = 3 cents, and Nickel = 4 cents, vs. the cost of 5 cents.
2. I also don't think there are as many people that collect nickels vs. pennies - numismatic value very low.
3. Has anyone in this forum been getting good counts of nickels that have numismatic value (Buffalo, Silver War, V nickels, 1950)?
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n/a
deleted
15 Posts |
Posted - 03/15/2008 : 12:19:15
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| If you're saving for retirement, and can't get enough copper, I'd say saving nickels is a way safer bet than a lot of stocks! |
"Swap Your Trash & Add To Your Stash" Exchange Your Zinc Pennies For Copper Pennies By The Pound |
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n/a
deleted
85 Posts |
Posted - 03/15/2008 : 21:19:10
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| One of my banks told me this morning that I can order boxes of pennies but not nickels anymore. |
"The key to building wealth is to not lose money." - Warren Buffet |
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fiatboy
Administrator
912 Posts |
Posted - 03/15/2008 : 21:23:49
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quote:
One of my banks told me this morning that I can order boxes of pennies but not nickels anymore.
The same thing happened to me two days ago. Anyone else unable to order nickels? |
"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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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 03/15/2008 : 22:12:34
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| for the jefferson nickle set, all i need is the 1950. Just bought a 1945 and found a 1967 just need the 1950. |
*HUCKABEE*
___08'____
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/15/2008 : 23:19:24
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quote:
quote:
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One of my banks told me this morning that I can order boxes of pennies but not nickels anymore.
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The same thing happened to me two days ago. Anyone else unable to order nickels?
I picked up two boxes from the bank yesterday and the teller asked if I wanted a standing order of two of these per week along with 4 boxes of pennies. I dont get too excited about nickels but around here they seem to be in ample supply still. I am surprised that they are saying that you cant order them. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Topic |
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Are U.S. nickels worth hoarding?
Forum Locked
