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Pre-1982 Nickels: Time To Cash Out At Face?

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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 12/19/2015  11:17 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Does the dealer who over face for these come to coin expo?


Yes he does, Hub City Coins (Fraser Frizzel). Although Fraser usually flies to that show, I am sure the Bells would haul it back to Moncton for him.

It does not have to be rolled, it is basically by weight. I would imagine he would require a certain face value, I usually make it easy for him and do it in batches of $100 face value. I usually send him a courtesy email prior to the shows, just to give him a heads up, and to see if he is still buying.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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1cent's Avatar
Canada
1051 Posts
 Posted 12/21/2015  12:33 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply

Quote:
I'd pay 2x face value for 1955-1958 with out really a second thought.


Perhaps I grow cynical and elitist as time goes on, but at $30-50 for any of the early dates in dazzling MS-65 condition, I see no reason to even bother.
Valued Member
United States
214 Posts
 Posted 12/22/2015  09:04 am  Show Profile   Bookmark this reply Add aswag to your friends list Get a Link to this Reply
@1cent you have a point that there is no signifcant monetary reason to hoard 1955-1958 nickels in lower grades when MS-65 examples exist at cheap prices. The reason I'd buy them 2x face value is that I think it would be fun to search these years and do a die study. The mintages aren't so large that a die study would be a daunting task to do. Will I live long enough to ever to have the time to look at these years...who knows but at least I'd have them on hand to play with in the future if I ever get bored.

IMO there is a sense of discovery in (variety) coin collecting that is difficult to replicate in other ways in modern life. Looking for needles in haystacks is a numbers game so buying large lots of unwanted coins makes it an affordable way to enjoy the hobby. If someone would sell them to me for face + shipping that would be better but roll hunters and former hoarders should get some compensation for their time -- so 2x face seems like a fair price to pay.
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United States
214 Posts
 Posted 01/14/2016  09:49 am  Show Profile   Bookmark this reply Add aswag to your friends list Get a Link to this Reply
Just thought I'd follow-up with a recent ebay sale of 60 rolls (2400 nickels), mainly KG VI which sold for $325 US after shipping which is about 13.5 cents US per nickel.

My point is that there definitely is a market for KG VI nickels and that it is a little silly to cash them out at face value.

http://www.ebay.com/itm/60-Canada-F...p=true&rt=nc

BTW - I wasn't a bidder nor a seller in this sale.
Edited by aswag
01/14/2016 09:52 am
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 01/14/2016  2:21 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Wow!, I just took ours back to bank a few weeks ago....


But, did buy some Newfoundland coins with the proceeds.
Edited by SHAFTA9a
01/14/2016 2:23 pm
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XWLCoins's Avatar
Canada
320 Posts
 Posted 01/14/2016  7:18 pm  Show Profile   Bookmark this reply Add XWLCoins to your friends list Get a Link to this Reply
I just dumped my hoard last week. I figured $700 payment on the credit card bill will save me a lot of money on the interest rates... Why bother hoarding it to hopefully gain a small percentage in the future when I can save a large percentage now.
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Kitaeryu's Avatar
Canada
8 Posts
 Posted 01/14/2016  11:21 pm  Show Profile   Bookmark this reply Add Kitaeryu to your friends list Get a Link to this Reply
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