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 Replies: 18 / Views: 3,333 |
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Valued Member
United States
57 Posts |
What do you think the future of these are. I hear they are selling in some cases for 2x issue, even though they are not sold out. What do you think will happen to the price when they do sell out. Whill it be similar to Peace Medals?
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Pillar of the Community
United States
7123 Posts |
Hi TerrapinWill welcome to the Forum !!
I think the opinions at this time will be split about in the middle, I personally believe the nickels will be hoarded to a certian degree, this will initially cause the prices to rise a little but as they make it into circulation ,which I think from some of the info I ve seen is happening now, some banks have received them, they will level out and higher grades if any are found will command a premium ,,but they will circulate like last years nickels are now .
Rick
Edited by Metalman
04/11/2005 09:36 am
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Pillar of the Community
United States
980 Posts |
Hi Terp! Welcome- nice to see you here- appreciated your input at CU. To answer your question, I agree with Metalman. Production volume is enormous, and will eventually overcome demand. As many have noted the large blank space on the obverse will make high MS coins a relative rarity.
Don
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Forum Mom
 United States
5877 Posts |
Can't really add much to what's already been said, but welcome to the forum TerrapinWill  |
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Valued Member
 United States
57 Posts |
Im sorry, I wasnt as specific as I should have been. I was wondering about the P & D Mint Wrapped sets. I saw where the PM ones are upwards of $100 a set now. Are there so many of these made that a similar increase will be unlikely?
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Pillar of the Community
United States
2724 Posts |
Welcome, The Mint has a very short learning curve. According to the numismatic papers 2/3 of all 2005 Buffalo nickels are sold at the mint. That is an amazing number considering the billions produced. So figure the number at 1,000,000,000. 660,000,000 are mint wrapped. They are selling faster than commerce can use them, so many are guessing that the only rise in value will be this year. Way too many being hoarded for this to see any real increase. Now I personally believe that the true "gem" coins will see incredible prices for quite some time. These coins have a very tiny device in relation to the fields of the coin. Couple that with the hard nickel used, and you will not see the major services cranking out 69 and 70 grades. Edited by national dealer
04/11/2005 2:03 pm
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Pillar of the Community
United States
7123 Posts |
Personally I dont know why the peace medal Nickels would have that much of a premium on them ? but as for mint wrapped rolls, it has been my experiance that rolls obtained from banks are of the same quality as those that are sold by the mint, Business strike coins !!!
I suppose that we will see that type of price at some point with the Buff's also.
I guess that the paper floats some boats, just not mine.
Sorry if I did not get the point of your post the first time.
Rick
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Pillar Of The Community
3147 Posts |
Well I agree and disagree on things already said! Yes, there will be billions of coins made but...? How many Peace Medal nickels and Keel Boat nickels did you receive in change last year? Now this nickel is one up on the other 3 in the series as it is a Buffalo nickel and yes they will be hoarded down to the very last nickel. What will have to happen to get you guys/gals to put some back on the market after you have stashed your rolls away? The PM nickels are currently in the $14 to $17 range by the roll? Why? Now don't get me wrong as I know none of us is EVER going to get rich off of these nickels but I do see tremendous potential both short term and long term. Let me ask you this (I am sure ND will concur) just what would an uncirculated roll of 1913 Buffalo nickels be worth today? How about something in the teens with a D or S mint mark. Guess I am saying there is potential if you and your family can be patient and wait it out. Like Catman said in an earlier post it is very important that you make up your mind what you would like to make off of a coin and when prices get to that point you MUST sell! Don't play a guessing game with the market and decide to wait another few weeks as sooner or later most common date coins will level off or drop! Personally quite a few Buffalo nickels have already gone through my hands and I still need more to satisfy the huge demand with just my friends, family and co-workers. Seems the more I locate the more I need. I am a Buffalo nickel fanatic so I tend to lean to a positive side of things but when I see demand that far exceeds supply I think this little nickel will be something to hold. Thats the beauty of this hobby. We all get to think, and right or wrong, time will either pat you on the back or stomp you into the ground and every thing in between is the thrill of the hunt and the opportunity to say "I have some of those"! Last but not least, "Who would have thought that s set Sacagawea dollars would do what they are doing?" |
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Pillar of the Community
United States
7123 Posts |
Terry
Im not sure where you are? but here in New mexico, I get peace and Keelboat nickels in change everyday, and have for quite a few months now, granted they are all D mints but really common here none the less.
If a philly or two doesn't turn up pretty soon I may have to buy some,,
to tell you the truth I dont expect to see many buffs for awhile in circulation, but I do believe that once searched for gems the market will be flooded with lower grade good for circulation only coins and the price will drop dramatically and sharply ,,I do however believe ND to be correct that high mint state examples will be scarce and will demand a premium that will out pace the PM nickel in no time .
Rick
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Pillar of the Community
United States
2724 Posts |
Only the "P" minted Peace nickels carry the high premium today.
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Pillar Of The Community
3147 Posts |
Metalman I am in rural Indiana but between Indy and Cincy and for some reason or another new coins take forever to get here and if they do it is NOT through our local banks who refuse to call out coins. I didn't not get more than a half dozen of the new nickels (either one) last year in change and don't expect to get the first buffalo! I have encountered a few folks who have already gotten a buffalo in change in nearby cities who politely said they took it home and put it away. That mentality is exactly what I am talking about. I know billions will be made but one must keep in mind we are basically looking at a 6 month circulating issue with an additional ordering time frame of 3 months from the mint. Thousands and thousands of folks STILL have not seen the Buffalo nickel or even know of their exsistence and when they find out they to will become hoarders. When the darn things finally reach the hands of the private collector or hoarder they are for all practical purposes GONE until something can pry them out onto the market. That will bring higher prices, at least until sustansial quanitites are available again. Then the circle will begin anew! I agree with ND concerning the possibilities of the high grade coins and proofs and I am acting accordingly to those possibilities. At this time I have already put away 40 proofs and a few of the next nickel "Ocean in View" which I really don't care for! With that said I must say I believe the last nickel in high grade and proof will be the gold mine of the series as everyone will spend the rest of the year hunting buffalos and the Ocean in View will be over looked. We will have to wait a while to check my predictions! |
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Valued Member
United States
421 Posts |
I can tell you that the 1000 bison nickel bags will almost certainly go through the roof as long as they are sealed and in their orignal boxes. How do I know? Because I bought 2 bags (One P, One D) and I immediately opened mine.  Edited by Stujoe
04/11/2005 9:58 pm
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Pillar of the Community
United States
1203 Posts |
quote:
Originally posted by crystalk64
Well I agree and disagree on things already said! Yes, there will be billions of coins made (the new Buffalo nickel)so just what would an uncirculated roll of 1913 Buffalo nickels be worth today?
Personally quite a few Buffalo nickels have already gone through my hands and I still need more to satisfy the huge demand with just my friends, family and co-workers. Seems the more I locate the more I need. I am a Buffalo nickel fanatic so I tend to lean to a positive side of things but when I see demand that far exceeds supply I think this little nickel will be something to hold.
I would caution you not to get too carried away with these new Buffalo nickels. They are a far cry from the original and if you took all the 1913 nickels minted, all mints and both types I and II, you would only have about 10% of todays nickels. Add to that the 92 years they have been in existance and you can understand the cost of one of these nickels. I will predict that no one living today, will ever see these new Buffalo nickels ever come any where close to matching the original coins. But, that is just my oppinion. 
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Valued Member
United States
57 Posts |
I'm wondering what will happen to the Mint Issued 2 Roll sets once they sell out, which I imagine will be soon. Will they see an increase like the PM Sets or will they be more like the Kellboats and see only a minor jump. Just looking for speculation.
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Pillar Of The Community
3147 Posts |
Old Dan, I said if a family could be patient, keep them in rolls and hand them down THEN they may really have something similar to the Buffalo nickels of way back when. It is just according to what the rest of the world does with these new nickels over a period of time that will shape their future. Personally I hope everyone gives up and spends the darn things. Get them out there in circulation and scratch them up and get them all dirty as fast as possible. Circulate ALL of them PLEASE? In the mean time I will just sit here on my sack of seeds, so to speak! And I am not getting carried away! If I was I would tell all my friends, family and co-workers to take a hike but being the loving, caring, unselfish individual that I am.....well.....make the effort to provide them with the buffalos they deserve! |
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Forum Mom
United States
5877 Posts |
quote:
Originally posted by Metalman
Terry
Im not sure where you are? but here in New mexico, I get peace and Keelboat nickels in change everyday, and have for quite a few months now, granted they are all D mints but really common here none the less.
If a philly or two doesn't turn up pretty soon I may have to buy some,,
to tell you the truth I dont expect to see many buffs for awhile in circulation, but I do believe that once searched for gems the market will be flooded with lower grade good for circulation only coins and the price will drop dramatically and sharply ,,I do however believe ND to be correct that high mint state examples will be scarce and will demand a premium that will out pace the PM nickel in no time .
Rick
Maybe Santa will come a little early this year 
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Replies: 18 / Views: 3,333 |
Posted 04/11/2005 09:21 am
