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Mainstream Media Catching On To Nickels

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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/18/2012  4:49 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 03/18/2012  5:02 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
Gee, I thought I kept all those coins because I was nerdy.
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trout1105's Avatar
Australia
7096 Posts
 Posted 03/18/2012  5:06 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Imagine roll searching that lot
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ContraJame's Avatar
United States
292 Posts
 Posted 03/18/2012  6:04 pm  Show Profile   Bookmark this reply Add ContraJame to your friends list Get a Link to this Reply
Roll searching $1M in nickels? Imagining swimming in that stash. :)
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War Nickel's Avatar
United States
172 Posts
 Posted 03/18/2012  8:33 pm  Show Profile   Bookmark this reply Add War Nickel to your friends list Get a Link to this Reply
The idea makes some sense!
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 03/18/2012  9:19 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
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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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/19/2012  12:28 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Of all coins I like nickels the least....
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trout1105's Avatar
Australia
7096 Posts
 Posted 03/19/2012  01:08 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

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

I would imagine that you don't mind the war nickles
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/19/2012  01:13 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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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traevin's Avatar
United States
1454 Posts
 Posted 03/19/2012  03:05 am  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
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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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/19/2012  3:22 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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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Namachieli's Avatar
United States
2120 Posts
 Posted 03/19/2012  6:18 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
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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traevin's Avatar
United States
1454 Posts
 Posted 03/19/2012  7:24 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
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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Ed_B's Avatar
United States
4008 Posts
 Posted 03/19/2012  7:31 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

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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biggfredd's Avatar
United States
9104 Posts
 Posted 03/20/2012  07:42 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

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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Ed_B's Avatar
United States
4008 Posts
 Posted 03/20/2012  5:32 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

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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