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jdonne4193
New Member
USA
3 Posts |
 Posted - 08/16/2010 : 10:25:44
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I have been buying 90% US coins for a few years now and I was curious about war nickels. Does anybody here buy war nickels for investment or as a hedge? I usually pay melt prices for the 90% but I was asking my dealer what melt price for war nickels would be and he told me "about a buck right now". But he also told me that he has a few thousand waiting to be sent to the wholesaler and that he gets 55 cents each from him. I wonder if I should make an offer in between?
Does anybody have opinions about war nickels vs 90% junk?
As always, Thanks.
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 08/16/2010 : 10:30:38
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Hi there-
War nicks are definitely not my first choice, but it can't hurt to have 5-10 rolls of them just to round out the collection. JMO, I would stick with 90%. That's all I buy as well. Making an offer couldn't hurt, however. That wholesaler is getting them for a swindle. I wouldn't go above .80c each, tho.
JMO, wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Kiwiman
Penny Pincher Member
225 Posts |
Posted - 08/16/2010 : 10:32:13
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| I've heard that the silver is a lot harder to extract in nicks than other 90% |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/16/2010 : 10:41:14
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WELCOME TO REALCENT!! 
I wouldn't buy War Nicks. When it comes time to sell, dealers just won't pay you what they are worth. If you want to buy discount US SILVER: buy 40%er halves at a discount to spot which are far easier to sell than War Nicks. I'd suggest getting War Nicks for your stash by sorting boxes of nickels.
Another option if you are looking for deep discount SILVER, look at buying 80-92.5% foreign SILVER too. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 08/16/2010 10:42:39 |
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Dave
Penny Pincher Member
156 Posts |
Posted - 08/16/2010 : 10:59:31
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| A coin store near me is selling them for 75 cents ea. He had a box full of them. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 08/16/2010 : 11:25:20
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quote:
Originally posted by Dave
A coin store near me is selling them for 75 cents ea. He had a box full of them.
Might be a cheap way to get started in silver. All boats are lifted by a rising tide, so even if these sell at a discount, there will be a commensurate price rise as well with nickels as with other forms of silver coinage. There just might not be as much demand for them. Personally, I think they're ugly... and I like shinier forms of silver  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 08/16/2010 : 12:04:01
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| Only thing I buy is .999. War nickels, 40% and 90% I pull from circulation. I would buy 90% if I cant get .999. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
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rodebaugh
Penny Collector Member
USA
377 Posts |
Posted - 08/16/2010 : 12:15:28
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I personaly love war nick's and would by them all day long for 75cents/each.
JMO
Good rule of thumb though: diversify and buy what YOU like. |
http://rodebaugh.ecrater.com/ |
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/16/2010 : 12:30:29
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| I personally like war nickels because they are a cheap way to get into silver. But I am new at this and inexperienced. If anyone knows of any way to acquire gold as cheaply and easily as buying war nickels help you acquire silver please let me know. |
One box of Nickels
11.65% .999 Ni |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/16/2010 : 12:49:36
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| I have some of everything i like spreading the risk around. |
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bsno2865
Penny Sorter Member
USA
62 Posts |
Posted - 08/16/2010 : 15:36:49
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When you are referring to war nickels,you mean 1941-1945 correct?
And these are 90% silver? Just trying to get it straight.
I'm torn between nickels and pennies since I'm on a slim budget.
Thinking pennies right now since I don't seem to ever get tired of finding wheaties and i've been doing decent from my source bank. I can always go back to nicks later... |
Brian North |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/16/2010 : 17:48:58
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quote:
Originally posted by bsno2865
When you are referring to war nickels,you mean 1941-1945 correct?
And these are 90% silver? Just trying to get it straight.
I'm torn between nickels and pennies since I'm on a slim budget.
Thinking pennies right now since I don't seem to ever get tired of finding wheaties and i've been doing decent from my source bank. I can always go back to nicks later...
No, the war nickels are 35% silver. The other 65% is made up of an alloy that makes recover of the silver very difficult.
My thoughts on the war nickel is that they may have collector's value someday but they aren't the best silver investment you can make. As far as silver goes even 40% silver beats them. |
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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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 08/16/2010 : 19:01:47
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quote:
Originally posted by frugalcanuck
I personally like war nickels because they are a cheap way to get into silver. But I am new at this and inexperienced. If anyone knows of any way to acquire gold as cheaply and easily as buying war nickels help you acquire silver please let me know.
I don't know about cheaply and easily... ask Highroller, he's found two $2 1/2 gold pieces mixed in with pennies. But he has industrial machines for sorting and probably processes thousands of dollars of cents in the same amount of time one of us would go thru $100 worth.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 08/16/2010 : 19:09:08
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quote:
Originally posted by bsno2865
When you are referring to war nickels,you mean 1941-1945 correct?
And these are 90% silver? Just trying to get it straight.
I'm torn between nickels and pennies since I'm on a slim budget.
Thinking pennies right now since I don't seem to ever get tired of finding wheaties and i've been doing decent from my source bank. I can always go back to nicks later...
Actually its 1942 - 1945. Only some of 1942s have silver in them as the switch was made in the middle of that year.
As far as investing in silver nickels is concerned, I'm more than happy to find them in my bank nickel rolls, but I don't see as a great investment unless they can be had at a deep discount. In addition to the purity issues I don't believe they would be very practical for barter as they are not very well known.
If silver coins were a family, the war nickel would be the odd uncle that nobody talks about.
In short, .75 cents each isn't a bad price for the war nickels. However, I wouldn't be comfortable having them as a major part of my physical silver invesment.
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coppernickel
Penny Pincher Member
USA
131 Posts |
Posted - 08/16/2010 : 19:25:29
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These are the US coins with the least silver content, plus they are less than are big enough to look like something.
My thought is a few rolls, for me 2, is enough. I would not turn them down at a good price, but after the first two rolls I bought I have not went looking. |
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
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Aristobolus
Penny Sorter Member
76 Posts |
Posted - 08/17/2010 : 01:32:57
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| Actually money can be had with these. When selling them on EBAY, keep the word "WAR" out of the description. Instead simply describe them as Silver Jefferson Nickels, and in the comments below give .05626 Oz as the weight, with the current amount it is worth (such as $1.0369 currently) based on the spot price of silver that day. Many entry level buyers will welcome a chance to buy one to five of these at a time; everyone has to start somewhere. |
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/17/2010 : 10:53:03
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| I agree with Aristobolus. I didnt know that they were so cheap to get. That said, I am glad I didnt purchase any yet because I would have paid way too much for them. I am sure there are many out there like me who do not have rich information source such as realcent who will pay "too much" for war nickels. |
One box of Nickels
11.65% .999 Ni |
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Roadrunner
Penny Collector Member
USA
413 Posts |
Posted - 08/18/2010 : 08:01:06
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| I have gotten many for 60-80 cents a piece. Right now, they seem to be going for 90+ cents a piece on the bay. |
Selling rolls of ultra-rare 1956-1958 wheat pennies for a mere $5 shipped. |
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Ember
Penny Sorter Member
USA
27 Posts |
Posted - 08/18/2010 : 20:10:53
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Everything I have heard/read is that refiners won't take them, and dealers low ball you on them. I would personally stay away from them and purchase 90% instead. I have some, but I found them in change over the years.
I purchase a lot of 90% |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/18/2010 : 20:18:52
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| Poor war nickels, no one loves them. I have given many a good home though. |
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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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/18/2010 : 20:23:04
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| For those that don't like them let me know if you would like them liberated for 70 cents. |
One box of Nickels
11.65% .999 Ni |
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commoncents
New Member
USA
9 Posts |
Posted - 08/20/2010 : 22:44:50
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| Will a Ryedale sort out the US silver (1943) nickels from the cupronickel alloy nickels? |
Buckle up - it makes it harder for the aliens to suck you out of your car. |
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 08/25/2010 : 14:06:57
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quote:
Originally posted by Ardent Listener
Poor war nickels, no one loves them. I have given many a good home though.
That's the point, a lot of people simply don't want them. I think you have to take that into account as the OP, wrote: "I'm torn between nickels and pennies since I'm on a slim budget."
I think if you are talking about prioritizing your spending between war nickels and pennies, my answer is to go for 90%. You always have to think re-sale (even if you plan on holding for a lfietime or WTSHTF).
Copper pennies are free (and IMO a risk on the time value of you money if you purchase them above face), and war nickels may not be worth your return on investment, especially since another form of silver will have better re-sale in a much bigger market. War Nicks and 40% are definitely the stepchildren of the silver family. I bought both when I first started collecting, but today I would much rather have 90% or .999.
I also do not think that diversification is to have 35%. Diversification is .999, 90% and even 40%, but not something that has a small market. Diversification is also other metals and other forms of owning silver, like ETFs, mining stocks, etc. IMHO, 35% does not make or break any diversification model.
As you can tell, I stay away from it. |
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Roadrunner
Penny Collector Member
USA
413 Posts |
Posted - 08/25/2010 : 14:15:44
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| from Coinflation, war nickels now have a melt value of $1.0684. Wow! |
Selling rolls of ultra-rare 1956-1958 wheat pennies for a mere $5 shipped. |
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Silverhead
New Member
USA
18 Posts |
Posted - 08/25/2010 : 18:46:20
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| I would not buy them.But finding them in the wild is great,there's still some out there. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 08/25/2010 : 19:05:02
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quote:
Originally posted by commoncents
Will a Ryedale sort out the US silver (1943) nickels from the cupronickel alloy nickels?
NO, since copper is the main metal in both, sorting with a Ryedale WILL NOT work.
I buy them every now and then if I can get them for 70 cents or less. Ask the dealer if he will sell you some for 60 cents each. |
You don't have to be the BEST you just have to be.......SLICK
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War nickels or 90%?
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