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 Replies: 68 / Views: 26,397 |
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Valued Member
Canada
329 Posts |
well, now that this thread is going on 5 yrs old, was wondering if the value of nickle coins has gone up at all? ive been holding on to every nickle coin I find, which seems to be 1 in 10 or 20 by now. will any of it be worth more than face other than 5 cents ?
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Pillar of the Community
Canada
5324 Posts |
You really can't lose at 5 cents but nickel is still in the doldrums as a commodity price the last few years
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Pillar of the Community
Canada
2518 Posts |
You're lucky finding 1 in 20, I have a large Tim's cup and it's almost full to the top with plated coins (and I spend these, too). My other cup of mixed nickel, cupronickel, and foreign coins has barely anything, not even a handful. There was a study done in the March journal which found that the percentage of non-plated coins in circulation is decreasing.
I wonder if US nickels are also victim to the ARP, since they are identical to Canadian cupronickel nickels.
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Valued Member
Canada
83 Posts |
Many here will already know that coinage, unlike paper clt, is not backed by debt. That is to say, it doesn't come into existence only when an amount equal to its fv is 'borrowed' from one side of the ledger and 'deposited' on the other. That's why there is always government debt available for purchase by deep pocketed entities like pensions, hedge funds and private equity etc. Coinage is produced by fiat, as it were. It doesn't disappear when the bond principle gets repaid. So this guy is talking about how currency relies on memory to have value. Interesting implications for those of us who value a unit of exchange and store of value that is not 'merely' money-of-the-mind (debt/credit), as Jim Grant calls it: https://www.minneapolisfed.org/publ...neil-wallace |
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Valued Member
Australia
138 Posts |
I'm also wondering what is going on with the old nickel coins, is there much interest in them at all? I'm coming back to Canada next week and bringing back with me about $350 in nickel quarters, is there any point in holding on to them or should I just take them to a bank and get some spending money?
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Pillar of the Community
 Canada
9864 Posts |
Spend 'em.
I assume you have already searched them all for the rare ones.
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
Australia
138 Posts |
Thanks I did check all the 73s for large bust, no luck there. Guess they're going to be more victims of the ARP!
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Valued Member
Canada
372 Posts |
I still keep nickel 5¢ coins, but the quarter will probably never be worth more in melt than in face value. I believe that when nickel was high,a quarter was worth 10¢ as scrap.
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Replies: 68 / Views: 26,397 |
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Posted 04/01/2017 11:13 am
