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Replies: 21 / Views: 3,130 |
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Moderator
 United States
189340 Posts |
Quote: I wanted to pick up some folders anyway to see if it would be a fun thing. When you are done, store them away for a future gift to a promising YN in your life. 
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Bedrock of the Community
United States
36841 Posts |
If you don't need the money, just keep all of them. They're already worth more than face value just for the metal content.
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Valued Member
United States
366 Posts |
Nice score. I'd hold all of them if it's not a problem in terms of money.
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Valued Member
United States
250 Posts |
if you coin roll hunt nickels a lot maybe start and make rolls of them (40) of each date and mint mark...that is what I'm trying to do with nickels...its gona be hard to get some of the tough dates....i only do pre 1960 for the rolls...but a 1938 P roll circulated is still going for about 4-6x face on ebay depending on grade
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Valued Member
United States
381 Posts |
Quote: I wanted to pick up some folders anyway to see if it would be a fun thing. I haven't done it much. When I started I wasn't sure if I would enjoy it also. Now it seems like I have an album for for everything. It can be really addicting. In a good way. Nickels are the most fun in my opinion. Cheap to get and readily available. Check your local Coin Store for used albums. My LCS has a bin for used albums and folders. I picked up a used Dansco Eisenhower, Franklin, and Jefferson for $9.00 each. I check the bin every time I visit.
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Pillar of the Community
 United States
979 Posts |
the said the nickel ones are only $4 :) An ike book would be nice, a Wheat cent would be nice... I kind of want them to be able to display my coins, I just worry about the pennies corroding. I have heard stories, but also seen first hand the damage that can happen. My friends grandpa had a collection but it corroded to junk while in the folder. It was an odd rustiness. The coins not in the folders (mostly in tubes) faired much better. I wonder if storing the coin folder in a big ziplock bag would save them from corrosion?
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Pillar of the Community
 United States
979 Posts |
As far as melt values.... aren't current nickels the same composition, 75%/25% cupronickel? Couldn't one hoard ANY nickels for melt value?
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Valued Member
United States
359 Posts |
Quote: I wonder if storing the coin folder in a big ziplock bag would save them from corrosion? I recommend storing all albums in Ziploc bags. Doesn't hurt to put a few silica gel packs in the bag too. Also a few pre 1982 cents should go in the bag.
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Valued Member
United States
366 Posts |
Quote: Broseph - Couldn't one hoard ANY nickels for melt value? Yup. Right now you can stack nickels and have basically a full box of CuproNickel. The only oddities in there would be potential foreign coins, War Nickels, and older US nickels which may not be 75/25 Cupronickel.
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Moderator
 United States
189340 Posts |
Quote: As far as melt values.... aren't current nickels the same composition, 75%/25% cupronickel? Couldn't one hoard ANY nickels for melt value? That is correct. For melt value, age is irrelevant.
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Valued Member
United States
250 Posts |
i believe the melt value for $1 face of nickel is only at about $1.06 right now...not really worth hoarding for metal value now as the nickel will never be legal to melt down imo...they are just to heavy and are kind of expensive to hoard also...unlike pennies for the 95% copper were each penny is worth almost 2.3x face...i look at it as hey its just a penny...also imo the government will be getting rid of the penny soon anyway just like canada and all penny hoarders will make a pretty penny(pun intended) 
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Moderator
 United States
189340 Posts |
I hoard nickels to save them from being melted. 
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Pillar of the Community
United States
713 Posts |
I would keep them all.
Alot of financial people and survivalist and even religious people are saying that metals are the safest best for the near future.
I would keep them.
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Valued Member
United States
366 Posts |
Just to be clear. I was suggesting you hold these nickels for their potential numismatic value. I'm not a big supporter of hoarding nickels as an base metal investment.
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Pillar of the Community
United States
7840 Posts |
I have about 10 Jefferson pre-60 rolls nestled safely in my box of "rainy day coins". If you can afford to hold 'em...hang on to them.
Edited by oih82w8 10/15/2012 11:01 am
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Replies: 21 / Views: 3,130 |
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