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Mainstream Media Catching On To Nickels

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 Posted 03/18/2012  9:19 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list
Swimming in nickels? Give me a top hat and call me Scrooge McDuck; I'm in! :-)

More seriously, I tend to do a lot of nickel roll searching as it's a fun hobby to do with the kids. However, since the intrinsic value of the nickel went up above its face value, instead of returning our culls to the Coin Star at our bank, I've been hanging onto them.

A little at a time isn't a bad idea, and in the end, I can always cash them in. :-)
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 Posted 03/19/2012  12:28 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Of all coins I like nickels the least....
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Australia
7096 Posts
 Posted 03/19/2012  01:08 am  Show Profile   Bookmark this reply Add trout1105 to your friends list

Quote:
Of all coins I like nickels the least....

I would imagine that you don't mind the war nickles
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 Posted 03/19/2012  01:13 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Well Trout, all to true with the proper mint mark on the ol 1942-45 you have a silver content of 35%....

If I can find a nice War Nickel with amazing toning and a high PCGS or NGC grade I may consider buying it, lol....

http://www.ebay.com/itm/1945-D-Jeff...em27c298b580
Edited by Silverhawk74
03/19/2012 01:15 am
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 Posted 03/19/2012  03:05 am  Show Profile   Bookmark this reply Add traevin to your friends list
I'm with you, Hawk. I could never get excited about collecting nickels. I've been hearing since 2005 that the nickel value in the coin would make it worth setting aside but how much room would they take up compared to profit margin for storing? Not for me. But I always did want to find a three-legged buffalo. No luck, though.
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 Posted 03/19/2012  3:22 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Yes T that would be amazing, say a nice MS-66 three legged buffalo rainbow toned an graded by PCGS....

Put that up at a dollar start an no reserve and list it for ten days, lol. Just set back an watch it climb into the thousands, if one could even part with such a rare special gem and not one milligram of silver present in that 1937 rare coin.....

I recently heard this cool story here about the steel penny/copper penny 1943....

So a kid had the typical grandparents who hoarded coins an passed them on to him back in early 80's. He went off to college an took an interest in coins an begin to learn about them. He returned home an went through all the change his grand parents passed and low an behold there it was a nice gradable example of a 1943 copper penny, which sold for like in the 100 thousands back then....

So if I am not mistaken, the 1943 penny is the only penny in history forged from steel/zinc, as copper was obviously being re-routed for war efforts, so very few copper penny's were minted. I am guessing just a few hundred started, an perhaps the war broke out and they changed to the steel ones....

I have a nice proof like set of three with Lincoln's image on the pack of three, an a cool history lesson on what I said above....
Edited by Silverhawk74
03/19/2012 3:25 pm
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 Posted 03/19/2012  6:18 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list
This reminds me of an episode of Family guy where they address the Scrooge McDuck diving into coins concept.

Its a bit graphic so I wont post the link.

All those Penny / Nickel hoarders are all laughing maniacally right now.

muahahahaha
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 Posted 03/19/2012  7:24 pm  Show Profile   Bookmark this reply Add traevin to your friends list
Awesome story, Hawk. Back in my preteen years in the '70's, my stepfather was a major collector of US coins. The man literally had everything. Every penny, nickel, dime, quarter, etc. from the late 1800's to 1964. It took two fairly large safes to hold it all. I'm guessing he didn't have anything in the one-hundred thousand range, maybe, but he owned a lot of high quality silver. Unfortunately for me, my Mom divorced him and he and I were never close so... no inheritance ;)
Anyway, years later, my mom told me that he bought the vast majority of his collection from a elderly neighbor woman who had no idea of its value, as her husband was the actual collector, and she was in dire straights after his sudden passing. I guess the stagflation of the '70's was tough on people with a fixed income. Long story short, he paid a couple grand for a silver horde worth, well, at least 50K, easy. But now that I'm the age he would have been when he made the transaction (highway robbery), I realize he swindled her and hopefully, he never enjoyed the fruits of his lack of labor. I'm sure there's a special place in Hades for people who prey on the gullibility of little old ladies.
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 Posted 03/19/2012  7:31 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
I am guessing just a few hundred started, an perhaps the war broke out and they changed to the steel ones....

The story that I read years ago on the 1943 copper pennies was that they were switching over to the steel/zinc pennies and just ran off whatever copper was in the machine on the day of the switch. That makes sense to me, although not that the director of the mint did not collect those copper pennies and have them included in with other copper that was going to the smelter. Not sure how many pennies that machine could make at one time but a couple of dozen or less seems reasonable when you consider just how fast stamping machines like this can run.
However many actually got made, only half a dozen or so have been found and authenticated. Naturally, fakes abound.
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 Posted 03/20/2012  07:42 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
The story that I read years ago on the 1943 copper pennies was that they were switching over to the steel/zinc pennies and just ran off whatever copper was in the machine on the day of the switch.

That would be a huge breach of QC. Far more likely some blanks got stuck or tossed into a bin that they shouldn't have.
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 Posted 03/20/2012  5:32 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
That would be a huge breach of QC. Far more likely some blanks got stuck or tossed into a bin that they shouldn't have.

That WAS a government operation, right? Would an error of that type be so terribly surprising? Not to me. Yes, what you suggest could have happened but it is not likely that we will ever know for sure. Anyone who did know exactly what happened is probably dead by now.
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 Posted 03/20/2012  8:14 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Funny how things get lost in the sands of time....

I imagine the worker who looked down at that handful of copper penny's that made it through the mint as just another cent, which had WAY more buying power in 1943 then it would today. An I figure if you were alive in an around that era or close to it you would agree.....

It would have took a real smart numismatic mind to look down an say...."Hey, these are special an their gonna be worth big money one day, be it 40 plus years, or longer." and bought them from change from their own pocket or whatever....

I imagine perhaps a smart worker or two knew what they would be an put them away for safe keeping, as some did get into those handful of change jars out there in the world....

I wonder when the numismatic world caught on to the rare factor and high value, as it seems like the story broke about 30 years back, which would line up with early 80's....

I imagine as early as 1950 that piece graded even way back then if such a thing existed then, would still bring big money to the right collector way back then, if in fact someone did in fact no about the rare/value of that 1943 copper penny....

Edited by Silverhawk74
03/20/2012 9:28 pm
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 Posted 03/20/2012  11:17 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list
Keeping the nickels is worth it if for no other reason is they are the last 'real value' money actually minted. Can't hurt to keep
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9104 Posts
 Posted 03/21/2012  5:15 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
So a kid had the typical grandparents who hoarded coins an passed them on to him back in early 80's. He went off to college an took an interest in coins an begin to learn about them. He returned home an went through all the change his grand parents passed and low an behold there it was a nice gradable example of a 1943 copper penny, which sold for like in the 100 thousands back then.

Nice story, but prolly not true. From http://www.usmint.gov/about_the_min...=fun_facts2a
Pillar of the Community
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3670 Posts
 Posted 03/21/2012  5:31 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Yeah this was a story past on to me second hand from a coin guy, an he said like a couple of hundred thousand, but 82,500 sounds more realistic and that was back in much more solid economic days in 1996. It may not bring that today....

True or not the "Big fish" stories is something I have always taken a real liking to, and really enjoyed to hear about....

Just like Ewen's character the son in the end of that movie, he finally realized it did not matter if the stories were real or not, just a great part of his father's life in the end, just was who he was, lol.....

To dream is a good thing, perhaps the best of things. An these stories/urban legends riding the fence of reality or fiction in our minds, is just something I have always enjoyed....
Edited by Silverhawk74
03/21/2012 5:42 pm
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