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 Replies: 36 / Views: 14,073 |
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Bedrock of the Community
United States
17884 Posts |
I look at it this way. The 2009 nickels have about the same mintage as the 1959 nickel. The 1959 nickel was not considered anything speacial and was not hoarded anywhere near as heavily as the 2009's were so in the future the 2009 rolls will probably be a lot more common than the 1959's. Now when you consider that after 50 years the 1959 rolls have risen all the way up to $6 or $8 a roll. With that history I see the 2009's as having nowhere to go but down over time.
As for the fiction about there being over 170 million coin collectors in this country, that would mean that one out of every two people you meet is a coin collector. Are half the people you meet coin collectors? A much more reasonable figure for the number of collectors is between one and two million. So there are over 30 million coins for one million collectors, not a formula for long term appreciation.
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Pillar of the Community
United States
3276 Posts |
i should sell mine on ebay if I could get $10 a roll of circulated ones. I average 8.5 2009 d nickels per box. 14 boxes down and I have 119. I would have more but I tossed a lot of ones I did not like. but I still have yet to find a 2009 p. they must be rare where I am from. regardless of how valuable these may be in the future, there is nothing wrong with saving them. when I search boxes I pay a nickel for every 2009 I find. worst comes to worst and they become worthless, I can spend them for their value of 5 cents and I am at no loss. I save them though. but the 1950 d is the lowest mintage of all nickels, and you can get a good looking one for a cheap enough price. these have a way lower mintage than 2009. why are they so cheap then? probably because people noticed the low mintage right away and hoarded them off the bat. this might be the same way with 2009 nickels. 80-90 million nickels is a lot when they all get saved by collectors. if the numismatic value of these drops then these bad boys will be released into the wild by the millions. collectors started saving these 2009 nickels almost immediately after mintages were known. so who knows what the future will hold. but.... I still save them :) |
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Valued Member
United States
372 Posts |
Check the Bay for U. S . Mint Rolls of 2004 Nickels, Most bids are over $ 10.00 for a P or D Mint roll plus shipping
Edited by goldnugget
06/16/2011 7:35 pm
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Pillar of the Community
United States
4778 Posts |
Here in east coast, I've found 9 2009 P nickels so far (the lower mintage one). At first it took a real long time to find a 2009 nickel; didn't find the first one until like, early 2010. Its still hard to find them, but not impossible. Still haven't found a 2009 D, no surprise there. But strangely enough, through roll-searching, I've found an unusually high amount of 2010 D dimes and nickels. I wonder why?
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New Member
United States
31 Posts |
Even the mintage is the lowest in 50 years, but still a high number 46,800,000 "D" 39,840,000"P". The rumor out there cause people stock up boxes and boxes of the them. I think the price will go low in the near future.
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Valued Member
United States
187 Posts |
-Large numbers hoarded so there will be a lot of high grade coins around for many years but the hoarded coins are in the hands of the few as far as collectors go. Most people who don't roll search probably would be very lucky to see one so the price will be supported from the bottom for a long time IMO.
-US population is expected to be close to 450 by 2050 so put current numbers against another 140 million people as well.
-At 10% mintage #s compared to any of the previous 10 or so years there is no comparable date other than 1950-D to that sharp of a drop in a single mintage. ...but coin to person ratios for 2009 is no where close to 1950-D or 51-S etc.
I have only 11 from 8 boxes searched. I did throw 1 damaged one back, but my bet is a fairly steady price for a long time with no significant drop to come at all.
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Pillar of the Community
United States
584 Posts |
Anyone know if the 2009 Proof Jefferson's are just as rare. I came across a listing 2009 Proof Jefferson Roll Buy it now $39 the only problem was the seller flat out refuses to use Pay Pal, You had to send your CC info to him. So after a few back and fourths and an Intellus search, I felt comfortable with buying. All went well Thank God. I was already buying rolls of the P & D. I'm kinda wishing I bought a few more. But I must say it was very hard to spend money on these rolls cause I couldn't help but to think I could be buying something Pre 1921.
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Bedrock of the Community
United States
17884 Posts |
Quote:
-US population is expected to be close to 450 by 2050 so put current numbers against another 140 million people as well. OK so that is an increase of about 50%. Increase the serious number of collectors and by 2050 you have 1.5 to 2 million collectors chasing the 39 million 2009 P Jefferesons. I still don't see much of a profit scenario. Especially once you factor in time value of money and the loss of purchasing power of the dollar due to inflation. If a roll is $10 today it will have to be about $45 in 2050 just to break even. (Assuming 3% inflation) To put that in perspective the 1959 P roll at face value from 1959 to now would have to be between %10 and $11 to just break even. It didn't make it and there were a lot fewer of those hoarded. Quote:
Anyone know if the 2009 Proof Jefferson's are just as rare. I Actually they are a lot rarer. They made less than two million of those. So it is twenty times rarer than the 2009 P nickel but cost about three times as much. The problem is there are still more of them than there are collectors. Edited by Conder101
06/17/2011 1:14 pm
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Valued Member
United States
187 Posts |
I guess I'm not understanding how you're doing the comparison between the 59's and 09's. The price paid for 09's are for unopened original rolls of gem/near gem Nickels. A comparable roll of 59D's would be quite a bit more than 10-11 bucks. The 10 dollar rolls are not OBW despite what the ebay listings may say. Going by your estimated 1 to 2 million coin collectors, that would still only be 15 to 30 coins each. I've managed 11 and none are higher than ms62 and of course many still have none. I just feel that the numbers don't seem that overwhelming to me. So Conder101 I will respectfully disagree with your opinion but I will also concede that you have much more knowledge and experience in the hobby than I and so I wouldn't be surprised if I was way off here either.  |
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Pillar of the Community
United States
7840 Posts |
Sounds like the 31-S Lincoln story...word got out that there was a low mintage and people hoarded them, which means very few circulated ones, mainly higher grades. Still valuable nevertheless. I managed to pick up a dozen (or so) 2009-D rolls from the company strong box. We'll see what happens.
Edited by oih82w8
06/17/2011 4:08 pm
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New Member
United States
38 Posts |
That's so strange I've had the exact opposite experience; I've found a whole bunch of 2009 nickels, I have about a roll and a half but I've only found about 5 2009 dimes ... |
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Pillar of the Community
United States
584 Posts |
I've seen 09 Jeff.& Ross. Just P mm sell on ebay for $5. Amazing, So I guess a good investment would be to buy 09 PF and MS sets if you can find them for a good price. I'm going to have to see what their going for. Figure the hysteria has probably caught onto sets as well. I'll admit to paying just about $20 for a 09 PF 70 PCGS. I figured heck between shipping and slabbing fees their couldn't be much of a profit. Figure can't be a bulk submission being a PF. Or do you think some dealers/sellers hire people to crack out sets and send hundreds in at a time. I can't imagine the expense of it all. Can they really be saving that much money. |
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Pillar of the Community
United States
3755 Posts |
Just 1-2 million collectors? You are waaaayyyy off. Perhaps that was true in the 60's, but coin collecting is one of the top hobbies in this country, and with 300 million people, that is NOT a reasonable number. The mint bases its 150 million count off of sales. Perhaps it was that high during the State Quarter program. I am quite sure a lot of people dropped out after that. But I guarantee a high percentage of them continued on and branched out. Look at it like this. The population of NY city during the week is over a million. So you are saying only NYC is collecting coins and the rest of the country isn't? Please. |
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Valued Member
United States
228 Posts |
I've found three 2009D mint nickels here on the west coast (San Diego). What shocked me was finding my first 2009 P mint - this far west!  |
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Pillar of the Community
United States
927 Posts |
I have not been roll searching but I save every nickel that I get in change. To this day, I have not seen any 2009 nickels or dimes in change. I live in the Eastern US. A friend found several 2009 D's in change in Vegas a few months ago. He sold me a couple at face value. I am going to have to buy some rolls to see if I can find any P's. I refuse to pay $5 for one new nickel. I know they will come down in price eventually. I paid 95 cents each for 2009 P and D dimes, but I did not buy any nickels. I think they will always sell for more than other recent dates because of the mintage. I don't think they are worth 10 times as much though.
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Replies: 36 / Views: 14,073 |
First Page
Posted 06/15/2011 2:35 pm
