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Pure Nickel Coins - How Fast Are They Disappearing?

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Pillar of the Community
Canada
3692 Posts
 Posted 11/12/2013  9:04 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
Isn't it better to keep a coin in circulation instead of destroying it to make others? You still have to add the steel and plate it, so it doesn't cut down on time. I just think that a coin is more useful in circulation even if it's 100 years old.
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United States
1750 Posts
 Posted 11/18/2013  12:16 am  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list
Found $7.45 in pure nickel coin in my dad's change jars. More coins saved from the ARP. Three nice ones from the millenial series.
Edited by DoubleEagle20
11/18/2013 12:18 am
Pillar of the Community
Canada
1751 Posts
 Posted 11/18/2013  8:46 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list
What do you think will happen to nickel coin sets from 1968-80's, when the ARP finially gets all the nickel coins? I wonder if they will go up in value. It's sad how these sets are ignored by collectors.
Pillar of the Community
United States
1750 Posts
 Posted 11/18/2013  11:52 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list
They have no where else to go but up. As nickel circulation pieces become rarer, especially in mint state, people will cannibalize the mint sets for collections.
Pillar of the Community
710 Posts
 Posted 11/19/2013  3:42 pm  Show Profile   Bookmark this reply Add Alex A to your friends list
Nickels are a great place for new collectors to start! Lots still sitting around in jars and drawers; easy to buy most since 1920s.
Valued Member
Canada
154 Posts
 Posted 11/19/2013  5:03 pm  Show Profile   Bookmark this reply Add OldCoinGuy to your friends list

I got a 1997 nickel, low 7, in change last week. I thought that was kind of neat.
Pillar of the Community
Canada
548 Posts
 Posted 11/19/2013  5:22 pm  Show Profile   Bookmark this reply Add lyradnoj to your friends list
I find more pre-1982 nickels floating around out there than 2013 nickels.
Pillar of the Community
United States
965 Posts
 Posted 11/22/2013  01:21 am  Show Profile   Bookmark this reply Add 1967Canadapenny to your friends list
There seem to be a good number of Ni coins stateside, its more common to find the old nickel canadians than the new plated ones, (that goes for all denominations). Not sure how relevant that is...
Valued Member
Canada
329 Posts
 Posted 11/22/2013  2:41 pm  Show Profile   Bookmark this reply Add wazzappenning to your friends list



Libertad said:

Isn't it better to keep a coin in circulation instead of destroying it to make others? You still have to add the steel and plate it, so it doesn't cut down on time. I just think that a coin is more useful in circulation even if it's 100 years old.

i know there is a numismatic that helped the government figure out what to do with the cent. he wanted them to keep them legal tender and to issue them in sets after they were withdrawn from circulation, and said "one out of 2 isn't bad"

i wish someone like him would convince them to immortalize the cent and use it as the core for the toonie. sure you have to do some re tooling, but thats a lot of "free" toonie cores.

then non collectors could even show their grandchildren the coin we used to use, (granted they will all be 1997 and newer).

same kinda goes for the nickle they are pulling from circulation, why sell it as scrap metal, when you could clean it and use it directly as your plating material? they want to save $$$ dont they?
Valued Member
Canada
154 Posts
 Posted 11/28/2013  01:07 am  Show Profile   Bookmark this reply Add OldCoinGuy to your friends list
oops, not a 1997 - it was of course a 1977 nickel. I have to start previewing my posts!
Valued Member
Canada
348 Posts
 Posted 11/28/2013  02:45 am  Show Profile   Bookmark this reply Add brexzz1 to your friends list
I'm now running less than 9%. boooo
Pillar of the Community
710 Posts
 Posted 11/28/2013  09:08 am  Show Profile   Bookmark this reply Add Alex A to your friends list
The steel coins are lighter, which complicates things for vending machines. Whether there is any actual cost savings is another debate.
Pillar of the Community
United States
1750 Posts
 Posted 11/28/2013  09:39 am  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list
The recent trip across the border yielded me a Manitoba quarter, a July 2000 millennium quarter, a 1978 nickel and a 1986 dime. That was it. The rest was plated steel junk.
New Member
Canada
44 Posts
 Posted 11/29/2013  01:02 am  Show Profile   Bookmark this reply Add freemike1115 to your friends list
New collector I went and got my first rolls of nickels ever today at the bank just poped in only had twelve bucks on me and got 27 pre 82 nickels out of that but nothing special really haven't looked at them to hard yet
Pillar of the Community
Canada
3692 Posts
 Posted 11/30/2013  2:29 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
@wazzap: It would be pretty cool to see a double dated coin on purpose like that. But toonies are steel now. If they had thought of this back before 2001 it could've worked by pulling cents and nickels and the same time round purchases to the nearest 10 cents. Too late for that, because plating is pretty inexpensive.

I think that further you get from major cities the older the money gets.
Edited by Libertad
11/30/2013 2:30 pm
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