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 Replies: 21 / Views: 3,655 |
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Pillar of the Community
Canada
535 Posts |
I was at the bank the other day and picked up 200 nickel dollars that someone had deposited. I have been going through them looking for errors. My question is what to do with them once I have pulled any errors? Is there any profit to be made selling them on ebay or should I just return to the bank |
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Pillar of the Community
Canada
3167 Posts |
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Moderator
 Canada
10460 Posts |
I take mine to the bank. The bank sends them out to the mint, they become part of the Alloy Recovery Program (ARP)...
If enough of them make that trip, then the rest might actually be worth something.... someday...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
99 Posts |
What a shame to take these into a bank though, I have picked these up for over face before and they seem like a great way to get new collectors into the hobby. If only I could come across them at face lol.
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Valued Member
Canada
99 Posts |
Do people here also take nickel 50 cent pieces to the bank or are they worth more on the market?
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Pillar of the Community
Canada
2781 Posts |
ebay you might get $1.50 each. after fees+fees+fees, and the hit you will take on shipping in order to encourage bidders, you will be lucky to break even. taking them to the bank = no effort face value PLUS the added entertainment watching the teller not know what to do, then check with another teller, who checks with the manager, who with a very sad face agrees to exchange them for you.
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New Member
Canada
41 Posts |
Maybe you could post a list here of what you would have to sell and maybe some members could be interested. Like jbsquash said it's quite interesting for new collector, who aren't buying graded coin yet. Also if you can sell more than one to someone it cuts the shipping fees.
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Pillar of the Community
Canada
2805 Posts |
I really like nickel dollars, they were the first date-set I ever completed. I'd try spending them at stores to spread the love.
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Pillar of the Community
Canada
867 Posts |
I think nickel dollars are under appreciated although I doubt they will be worth more than $1.50 or so to a collector...
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Bedrock of the Community
Canada
10743 Posts |
I have had lots of nickel fifty cents and dollar coins that I have picked up from my bank. I've always traded them off or gave some away to young collectors, they don't really excite me.  |
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Pillar of the Community
United States
965 Posts |
Quote:
or should I just return to the bank If you determine that the effort of selling them would not result in a very large profit, I would just spend them. I would NEVER deposit them at a bank. |
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Valued Member
Canada
99 Posts |
Yeah seems a shame to take them to a bank I'd pick some up if I was around lol.
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Pillar of the Community
 Canada
535 Posts |
Looks like I am saving about a dozen of them. Still have about $25 of US half dollars to look at. No silver though. I am not going to go through the hassel of listing , paying fees and shipping just to break even
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Pillar of the Community
Canada
867 Posts |
If you tip a server with one of these, they'll remember you! FWIW.
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Pillar of the Community
Canada
548 Posts |
A complete set of cased nickel dollars makes a nice shelf display.
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Valued Member
Canada
99 Posts |
Well if anyone in Ottawa is ever thinking of taking them to the bank for face I would be interested let me say that much as these are amazing coins to show people to get interested in the hobby at a reasonable price. I completed a date set of these along with small cent pennies when I got started.
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Replies: 21 / Views: 3,655 |
Posted 05/20/2013 9:49 pm
