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Jefferson Nickels - Roll Them And Take To Bank?

 
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Author Previous TopicReplies: 14 / Views: 743Next Topic  
New Member

United States
4 Posts
 Posted 01/31/2023  5:48 pm Show Profile   Bookmark this topic Add johnny42 to your friends list Get a Link to this Message
Over the years, I've been hoarding Jefferson nickels found in change pre-1964. Only recently, I've been looking at what to do with them. I grabbed the list of Henning Nickels and the list someone else presented here on rarities. Looking at lists on-line, I see the bulk of them only have face value. (for some reason, I can't bare getting rid of the war-time nickels).

Once I've looked for the above nickels, is there any reason to save the rest? Would complete rolls of certain dates have any value to anyone? Should I just roll them up and take them to the bank?

I'm a newbie, so please be gentle!

Pillar of the Community
United States
1331 Posts
 Posted 01/31/2023  6:00 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
I'd save the key dates (under 10 million minted) and semi-keys (under 20 million minted), and cash in the rest. They'll never be worth more than they are right now!
Valued Member
United States
334 Posts
 Posted 01/31/2023  6:02 pm  Show Profile   Bookmark this reply Add 1847bill to your friends list Get a Link to this Reply
I have been through the same issue. I rolled them and put them back into circulation.
I had looked for some kids who were collecting but wasn't successful.
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United States
4 Posts
 Posted 01/31/2023  6:04 pm  Show Profile   Bookmark this reply Add Rj9 to your friends list Get a Link to this Reply
There's a 1950. I'm not sure if it's with a letter that is rare definitely save those.
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6752 Posts
 Posted 01/31/2023  6:11 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I'd check azcoinexchange "buy" list before dumping them at the bank. Last time I looked they were paying 7 cents each for pre-1959 nickels. Not a killing, but better than face value that you get in a dump. I've sold them a few thousand over the years along with the other stuff I didn't wanna keep.
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26373 Posts
 Posted 01/31/2023  6:37 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Personally, I still save my nickels culled from circulation that are dated in 1959 and prior years. Can't quite spend them, but they don't take up a ton of space.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Bedrock of the Community
United States
11198 Posts
 Posted 01/31/2023  8:52 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
All good advice above. Hang onto those War Nickels, and anything else that catches your eye. Rolling the rest and turning them in at a bank is a good idea. A few years ago I turned in several hundred dollars worth.
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United States
2515 Posts
 Posted 01/31/2023  9:01 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
Melt values
war nickel= $1.3723
75% copper 25% nickel = $0.0716

So right now any nickel is worth more than a nickel.
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76289 Posts
 Posted 01/31/2023  9:27 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The time and effort involved in saving bronze and nickel coins (excluding warnicks) for their potential melt premium is so disproportionate to any possible gain that one just has to shake one's head in wonder. Total insanity.
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1022 Posts
 Posted 01/31/2023  11:29 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list Get a Link to this Reply
if it were me:

i would take them to any business that could use the change. I try to see to it that it (large amount of change) gets back into circulation.

but that's me.
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9728 Posts
 Posted 02/01/2023  05:08 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

I save the War Nickels and the 9 dates with annual mintage under 10 million - everything else goes back into circulation.
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
Valued Member
United States
94 Posts
 Posted 02/01/2023  09:43 am  Show Profile   Bookmark this reply Add DiscoLover82 to your friends list Get a Link to this Reply
I always thought pre-1965 nickels were worth a slight premium over face value on account of their age (notice the listings in any Red Book, the values are higher for 1965 and earlier) - but when I took a bag of 30s-60s nickels to my local coin store recently, the guy told me nothing I had was worth anything and refused to look at the bag any further. I know the 35% silver War Nickels of 1942-1945 are worth at least silver value though, so there's no way I'd spend those!


Quote:
The time and effort involved in saving bronze and nickel coins (excluding warnicks) for their potential melt premium is so disproportionate to any possible gain that one just has to shake one's head in wonder. Total insanity.

Well aren't you a ray of sunshine...
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 Posted 02/01/2023  10:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Personally, I still save my nickels culled from circulation that are dated in 1959 and prior years. Can't quite spend them, but they don't take up a ton of space.
I save all nickels, period, for the same reason.

I will eventually give them (an all those copper cents I have kept) to a potential YN so they can build some sets.
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United States
122339 Posts
 Posted 02/01/2023  10:17 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The time and effort involved in saving bronze and nickel coins (excluding warnicks) for their potential melt premium is so disproportionate to any possible gain that one just has to shake one's head in wonder. Total insanity.


I am thinking about the future of the hobby, not profit. See above.
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United States
4 Posts
 Posted 02/01/2023  2:36 pm  Show Profile   Bookmark this reply Add johnny42 to your friends list Get a Link to this Reply
Thanks for the input guys!
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