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 Replies: 42 / Views: 5,677 |
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Pillar of the Community
United States
8137 Posts |
The 1943-P is silver. Great find!  |
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Valued Member
 United States
256 Posts |
I know! Didn't expect that. I also think the 55 is a D over S. I don't have a way to post pics, but to the right of the D looks like the curve of an S..
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Valued Member
United States
256 Posts |
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Pillar of the Community
United States
1903 Posts |
An earlier poster mentioned that it would take decades for a new composition nickel to reach 50% of circulation numbers. Well....
The copper cent was ended in 1982 (4 decades) and it is commonly found to be only 20-25% of the circulating cents now...well south of your 50% figure. Depending on what the new composition is I would wager that you would see a similar atrophy of "original" composition nickels to that of cents.
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Pillar of the Community
United States
6130 Posts |
Going off of what unholyroller said, it probably would boil down to production figures and prospecting.
Cents and nickels are apples and oranges to a degree--mintage figures peaked during the period of roughly 1980-2001 and have been generally lower since then. Sure, the cent mintage figures from 1980-1982 are mind-bogglingly huge, but the roughly 16 billion cents made in '82 (about 90% copper) were followed by nearly 20 years of mintage figures in the 5-8 billion range, compared to 1-3 billion for most of the 60s and 70s. Sure people have been pulling copper cents, but they would be less than half of circulating cents even if nobody pulled them.
Nickels followed roughly the same pattern, although the dropoff wasn't quite as steep in the 2000s. Still, unless the Mint decides to make a composition change and then follow it up with 20 years of abnormally high mintage, I doubt they will able to displace a significant portion of the nickel population in the next decade.
And as previously mentioned, any premiums that 1970s-2000s nickels will see in the future will not keep pace with inflation. As a good example, a 1938 nickel would have been enough for a movie ticket in the 1930s, and today would buy about 1/60th-1/10th of a ($10) movie ticket as a liberal estimate and depending on condition.
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Valued Member
United States
256 Posts |
ok, what about pre 60 nickels?
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Pillar of the Community
United States
6130 Posts |
It's hard to tell how they will grow in value. Today, the general going price is 6-10 cents for non-key, non-silver nickels 1938-1955ish in VG-VF condition. 1956-1959 D are technically only worth face value, but the corresponding P's might be worth 6-8 cents. If I had to guess, I would say that the non-key circulated nickels will settle into a rut of 2-5x face value--1940s/50s wheat cents sell for about 3 cents each in the bulk lots you find on ebay. Today, dateless Buffalo nickels seem to go for 25 cents each, and heavily worn common buffalos go for 50 cents. I could see the pre-1960 nickels reaching this level in the next 20-30 years. Personally, I'm hoarding them as I find them (up to about $30 face) but I'm not too concerned with making a profit on them. |
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Valued Member
United States
256 Posts |
At .50, that's still a good amount of money if you have an abundance, as you do.
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Pillar of the Community
United States
4901 Posts |
For every nickel you tuck away you lose about 12% of your buying power
Jefferson Nickel 1946-2014 Nickel
$0.05 metal value $0.044
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Valued Member
United States
337 Posts |
I have been saving my nickels from change over the past few months and almost have a mason jar full of them. I started doing this more for just fun and a way to save a little extra money. I intend on keeping them as long as I have room for them just in case nickel prices start rising. If they do start taking up too much room I'll cash them in and use the money on some silver coins or bullion which is why I started saving them in the first place. I do keep the westward journey nickels In a separate box just becuase I like to keep them for my collection. I would keep 09s as well but have yet to find one. I also keep older nickels and while most people on here save pre 60 I made my cutoff date pre 64 since they made a billion of them in 64 and figured 63 and older would be good to keep.
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Bedrock of the Community
United States
20753 Posts |
Not sure why but most nickels are just not a collector item. Only the Indian Head/Buffalo Nickel is sort of a collector item. Even as far back as the Shield nickel, Liberty Head Nickel and now the Jefferson nickel, just not a biggy for collectors. I never could figure out why. People collect Pennies, Dimes, Quarters, etc. yet for some reason, Nickels just don't seam popular. Even kids sort of skip saving those. |
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Valued Member
United States
256 Posts |
I've gotten into rolls of nickels and it's a great way to find old coins. I'm trying for the elusive 09 as well, but haven't had any luck. I'm keeping pre 60s.
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Valued Member
United States
256 Posts |
I see that a nickel is worth more in metal than face... I hope it stays this way.
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Pillar of the Community
United States
2311 Posts |
Since some people talked about copper cents, let me share some information.
I am in Pennsylvania and I saw that the chance of getting a copper cent in change has dropped pretty fast. You're lucky to get one copper per every 25.
It's all new 2012 Zinc cents you just get.
So is the government pulling coppers out too like collectors? Why would the percentage just take a sharp drop?
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Valued Member
United States
256 Posts |
eh... I'm not sure they are. I've noticed a decrease too though.
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Replies: 42 / Views: 5,677 |
First Page
Posted 03/25/2014 7:55 pm
