| Author |
 Replies: 19 / Views: 4,146 |
|
Pillar of the Community
Canada
1005 Posts |
Hi. With nickel prices making 5 cent coins worth near 10 cents how can I cash in the nickel jar. I have saved over 300 in change without buying rolls. The nearest coin dealer doesn't want them. Before I invest more time and money are there places to sell these?
|
|
|
|
Pillar of the Community
Canada
834 Posts |
ebay is your best bet you'll get over $10 A pound, inwas getting close to $16 After fees when I put mine up
|
|
Bedrock of the Community
Australia
21788 Posts |
I have about 10 ounces of pure nickel coins from all over the World.
I have no idea what I am going to do with them. I separated them from all of the other low value World bulk base metal coins that I have. I have no idea what I am going to do with these, either!
I can't think why anybody would want them, when they have been so thoroughly searched through. Dealers don't want them. Perhaps I might break into the local elementary school, and scatter them randomly through the playground. Perhaps I may bury them shallowly near the canteen, so some metal detectorist can discover them.
Maybe, perhaps, they may be treated with some reverence in 2,000 years' time, like late Roman bronze coins are now.
Edited by sel_69l
01/29/2012 12:18 am
|
|
Pillar of the Community
Canada
1051 Posts |
Hold on to them for now. It costs you nothing to save them (you can still spend them at face if you have to). The are around 2X face but have been as high as 5X face when nickel was high.
|
|
Pillar of the Community
Canada
1700 Posts |
For ebay, you'll have to pay the shipping if yuo sell those nickels? |
|
Pillar of the Community
 Canada
1005 Posts |
I have never used ebay. Tried 1lb at a time on kijiji, no interest. Had luck with other coins to locals. |
|
Valued Member
Canada
491 Posts |
Well those just go right back to the bank, with a note on the roll saying they are pure nickel. Hopefully the RCM will get them and melt them down and get them out of circulation. Make the old nickels more rare and the price may go up by the time I am a great grandfather. :) |
|
Pillar of the Community
United States
2049 Posts |
With 300 of them, you have about $15 worth assuming you got them at face value. If you don't need the money right away, why not just hold on to them for now? There is another site where there are alot of hardcore copper and nickel hoarders that I am sure would be interested if you really want to move them and get a decent price without taking on the risks/fees of ebay. PM if you want the site. |
|
Previously Banned Member
107 Posts |
I agree with keeping them. If you want to get rid of them, sale them on ebay by the roll. |
|
Pillar of the Community
Canada
617 Posts |
When my father started setting aside dimes, quarters, half dollars and dollar coins in the late fifties eairly sixties they were worth 10 cents, 25 cents, fifty cents and a dollar.All silver coins.
Just a thought.
|
|
Pillar of the Community
Canada
1005 Posts |
I am aiming for 50 rolls of nickel.
I am at 17 rolls acquired at face value.
Kitco shows 5 years ago a recorded high of $24.23 per pound of nickel.
|
|
Valued Member
Canada
74 Posts |
It's fair to say that collecting silver in the 60s is similar to collecting nickel in now, the value of a silver dollar was around $1.50 then.
I think that the realistic probability of a major return on investment is very different, however, as nickel is much more abundant.
With that said, it's all speculation and good luck! For me, I'll take my nickel, convert it to silver or cards or collectables and back to cash repeatedly over the next few years instead of looking at copper and nickel hordes :)
If I ever want to get serious I'll invest in stocks or other certified investments.
|
|
Pillar of the Community
Canada
2427 Posts |
|
|
Bedrock of the Community
Canada
10743 Posts |
A friend of mine is hoarding nickel so, I sold him my 60 rolls I figured it's better for him to have them, than me.  |
|
Valued Member
Canada
278 Posts |
I would keep them for now. No cost to find a corner to hide them in!
|
|
Pillar of the Community
Canada
1700 Posts |
I've only found two since the time I started to collect coins.
|
| |
Replies: 19 / Views: 4,146 |
Posted 01/28/2012 11:56 pm
