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 Replies: 14 / Views: 743 |
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New Member
United States
4 Posts |
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! |
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Pillar of the Community
United States
1331 Posts |
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!
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Valued Member
United States
334 Posts |
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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New Member
United States
4 Posts |
There's a 1950. I'm not sure if it's with a letter that is rare definitely save those.
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Pillar of the Community
United States
6752 Posts |
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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Moderator
United States
26373 Posts |
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
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Bedrock of the Community
United States
11198 Posts |
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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Pillar of the Community
United States
2515 Posts |
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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Bedrock of the Community
United States
76289 Posts |
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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Pillar of the Community
United States
1022 Posts |
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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Pillar of the Community
United States
9728 Posts |
 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.artToo many hobbies .... too much work .... not enough time. |
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Valued Member
United States
94 Posts |
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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Moderator
United States
122339 Posts |
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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Moderator
United States
122339 Posts |
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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New Member
United States
4 Posts |
Thanks for the input guys!
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Replies: 14 / Views: 743 |
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Posted 01/31/2023 5:48 pm
